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Australia’s AAA rating must “demonstrate ongoing restraint”

Edited by Nelly T. According to the NAB’s global head of research, Peter Jolly the Commonwealth government’s debt load is pushing against the rating agencies AAA boundary. In frank terms treasurer Scott Morrison will need to tread carefully for a time to slow the growth of Australian government debt while balancing the looming election and the need for ongoing monetary ...

Chinese Investment in Australia is at its highest since 2008

Edited by Nelly T. Investors are taking advantage of the lower Australian dollar leading to Chinese investment to reach its second highest level in 2015 since its peak year in 2008. Chinese investment in Australia has grown 60% to $15 billion as investors continue to buy real estate and expand into new areas such as healthcare. According to the KPMG ...

Victoria’s East West Link funding unlocked

Edited by Nelly T. The Turnbull government has unlocked the earmarked federal funding for Victoria’s East West Link. Part of the $1.5 billion will go to widening the Monash Freeway, which the state government will cooperatively fund the Prime Minister hopes. A list of alternative projects that could be funded with the money allocated for the dumped East West Link ...

Malcolm Turnbull: Labor seizes poll lead from Coalition

Edited by Nelly T. A Newspoll published The Australian on Monday night shows Labor leading the coalition for the first time since Malcolm Turnbull took office. The poll shows Labor ahead by 51 per cent to 49 per cent in two-party preferred terms. The poll, ahead of a possible double-dissolution election on July 2, shows the government’s primary vote down ...

Ukraine gets uranium from Australia

Edited by Nelly T. Australia will soon sell uranium to Ukraine in exchange for power generation.   It was on Wednesday that Foreign Minister Julie Bishop arrived in the United States to take part in the global nuclear security summit, Bishop is also expected to attend a dinner meeting hosted by President Barack Obama at the White House.   At ...

Leeton teacher murder: Marcus Stanford pleads guilty to being accessory

Edited by Nelly T. Marcus Stanford has pleaded guilty to being an accessory to the murder of Leeton schoolteacher Stephanie Scott, 26. Her burnt body was found 70 kilometres away from Leeton in the Cocoparra National Park in April last year. Stanford is the twin brother of Vincent Stanford, a 25-year-old cleaner at Leeton High School, who was arrested four ...

Turnbull works to rectify health cuts

Edited by Nelly Tawil Prime Minister Malcolm Turnbull has confirmed he is working to rectify Tony Abbott’s grievous hospital funding cuts. Although he wouldn’t confirm any dollar figure, reports imply it’ll cost $5 billion. Mr. Turnbull is expected to meet state premiers and territory chief ministers in Canberra later this week to give a proposal to maintain activity-based funding and ...

NSW Liberals out $4 million

Edited by Nelly Tawil NSW Liberals have been denied access to over $4 million by authorities pending proof that the hundreds of thousands in donations received before the 2011 election were legal. The donation supplied by the controversial Free Enterprise Foundation was the reason for its rise to power.   A total of $4.3 million of state election and annual ...

Malcolm Turnbull hints at changes in tax

Edited by Nelly Tawil (AME Media) Malcolm Turnbull, while continuously fighting the label of being a idle prime minister has confirmed that there will be “important changes to tax,” in an interview with ABC Tuesday morning. Doubtful that changes to GST and negative gearing were an option, ABC pressed Mr. Turnbull for more details on whether there was anything left to introduce to ...

Father of Ingleburn gunman out on bail

Peter Williams, the father of the man responsible for shooting another at a business in Sydney’s south-west , has been released on bail after he was charged with discharging a firearm. Mr Williams, 52, was arrested at the sign-making business, after son Wayne Williams, 33, shot three brothers – one fatally – over what is believed to have been an ...