Business News

The Reserve Bank will now have a separate board just to set interest rates. Here’s why that’s significant

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

On Thursday night, after a whirlwind day in Canberra, the Senate finally passed the federal government’s long-delayed amendments to the Reserve Bank Act.

The reforms will create two separate boards for the Reserve Bank of Australia (RBA) – one will be focused on monetary policy, the other on governance.

The idea of having two boards...

The ‘wrong kind of sorry’: will a record fine for Qantas deter other companies from breaking the law?
On Monday, the Federal Court of Australia handed Qantas a record fine of A$90 million for breaching the Fair Work Act by unla…
If AI takes most of our jobs, money as we know it will be over. What then?
It’s the defining technology of an era. But just how artificial intelligence (AI) will end up shaping our future remain…
Contractor or employee? How a proposed law change will favour Uber over its drivers
Hispanolistic/Getty ImagesRide share company Uber has faced legal challenges around the world over whether its drivers should…
Many Australians secretly use AI at work, a new report shows. Clearer rules could reduce ‘shadow AI’
Australian workers are secretly using generative artificial intelligence (Gen AI) tools – without knowledge or approval…
Australia used to lead the world on shorter work hours – we could do it again
In the 1850s, when Melbourne stonemasons won the eight-hour day, employers of the day prophesied economic ruin. These standar…
Reducing Overhead Costs with Smart Office Technology
For many businesses, overhead costs are a constant concern. Rent, utilities, staffing, supplies, and operational inefficien…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Things To Consider When Purchasing A Rental Property
Buying real estate to use as a rental property is a wonderful investment opportunity since it is almost always going to increase in value over time. It can also be…

let's learn from COVID-19 and make the traditional workplace better
www.shutterstock.comHaving had to rapidly adjust to working from home due to COVID-19, many people are now having to readjust to life back in the office. Many will have enjoyed aspects…
5 connected ways business leaders can advocate for culturally and linguistically diverse women
The conversations around gender diversity in the workforce have come a long way from where they first started. However, this equality is not progressing in the same way for all…
Qantas chief Alan Joyce quits early, amid customer fury at the airline
Embattled Qantas boss Alan Joyce will quit immediately, bringing forward his retirement by two months. A Qantas statement early Tuesday said the CEO had advised the board he was doing…

Beyond the Banks: Why Agility and Tech Integration Are Defining the Future of Lending in Australia

In Australia’s evolving credit landscape, non-bank lenders are no longer merely filling gaps left by traditional institutions; they are actively r...

Carma appoints Owen Wilson as Chair of the Board

Carma’s next phase of growth to be guided by REA Group’s outgoing CEO who oversaw realestate.com.au rise to be Australia's #1 place for property ...

Digital Upgrade to Boost Efficiency Across Tasmanian Ports

TasPorts is undertaking a multimillion-dollar digital transformation that will improve efficiency, and enable smarter, more sustainable operations a...

Simplifying ecommerce integrations: How to streamline your setup without the stress

In today’s fast-moving retail world, having an ecommerce presence isn’t optional. Platforms like Shopify, WooCommerce, and Squarespace have lowered...

Shop Small Returns to Back the Small Businesses Supporting Local Communities

The annual Shop Small movement by American Express is returning for its 13th year in Australia to galvanise support for the country’s vibrant smal...

Introducing Commerce, the New Parent Brand of BigCommerce, Feedonomics and Makeswift, Powering an AI-Driven Future

Commerce’s open, intelligent ecosystem connects the tools and systems that drive growth and empower businesses to unlock data potential and deliver ...