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THE NEWS WRAP: Coalition set for Senate election win
5:12AM | Tuesday, 21 May 2013 | Oliver Milman and Andrew Sadauskas
The Coalition is on course to take control of the Senate in the September 14 election, according to a new analysis.
BusinessTHE NEWS WRAP: Branson’s Virgin Group looking at expanding into healthcare, fitness
5:16AM | Monday, 20 May 2013 | Andrew Sadauskas
Virgin Group global chief executive Josh Bayliss has revealed the Richard Branson-controlled conglomerate is looking at making major investments in the healthcare and fitness markets.
| BusinessTHE NEWS WRAP: Abbott emphasises cutting red tape in budget reply speech
5:14AM | Friday, 17 May 2013 | Andrew Sadauskas
Federal Opposition Leader Tony Abbott has emphasised cutting red tape for small business, maintaining the carbon tax compensation and providing a modest company tax rate cut “when affordable” in his budget reply speech.
| BusinessTHE NEWS WRAP: Abbott to leave savings options open in budget reply speech
5:16AM | Thursday, 16 May 2013 | Andrew Sadauskas
Opposition Leader Tony Abbott will reportedly leave his options open in his official budget reply speech tonight, with shadow treasurer Joe Hockey to detail the Coalition’s positions on saving measures in a speech to the National Press Club next week.
| BusinessTHE NEWS WRAP: Swan hints at new infrastructure spending in tonight’s budget
5:16AM | Tuesday, 14 May 2013 | Andrew Sadauskas
Treasurer Wayne Swan has hinted at new infrastructure spending in tonight’s budget, while challenging Tony Abbott to reveal where he would cut spending.
| BusinessTHE NEWS WRAP: Business groups warn Swan against tax changes
5:19AM | Monday, 13 May 2013 | Andrew Sadauskas
Big business has warned the federal government against tinkering with the tax system, ahead of Tuesday’s budget.
| BusinessTHE NEWS WRAP: Abbott unveils plans to “retain and improve" the Fair Work Act
5:15AM | Friday, 10 May 2013 | Andrew Sadauskas
Opposition Leader Tony Abbott has ruled out a major overhaul of Australia’s industrial relations system until after the 2016 election, opting instead to “retain and extend” the Gillard government’s existing Fair Work Act.
| Business | Government and RegulationTHE NEWS WRAP: Tony Abbott’s paid parental leave comments find an unlikely ally
5:09AM | Wednesday, 8 May 2013 | Andrew Sadauskas
Opposition leader Tony Abbott has provoked a round of controversy over comments the Coalition’s Paid Parental Leave scheme would help “women of calibre to have families”, with an unlikely ally in prominent feminist Eva Cox coming to his defence.
| BusinessTHE NEWS WRAP: Possible $20 billion deficit next year prompts rate cut speculation
5:12AM | Tuesday, 7 May 2013 | Andrew Sadauskas
The federal budget deficit could reach $20 billion next financial year, following a $17 billion shortfall in the current budget.
| BusinessTHE NEWS WRAP: One in four Aussie workers miss out on overtime pay: Report
5:16AM | Monday, 6 May 2013 | Oliver Milman and Andrew Sadauskas
More than one in four Australian workers are not being paid for their overtime, according to newly released figures.
| BusinessTHE NEWS WRAP: The Chaser boys and the ABC sued by Swisse over The Checkout
5:15AM | Friday, 3 May 2013 | Andrew Sadauskas
The father of Swisse chief executive Radek Sali has launched a defamation action following claims on ABC’s consumer affairs program The Checkout, claiming a recent episode ‘‘severely injured his reputation and standing’’.
| BusinessTHE NEWS WRAP: Medicare levy increase could hurt retailers, Myer boss warns
5:09AM | Thursday, 2 May 2013 | Andrew Sadauskas
Myer chief executive Bernie Brooks has warned the Gillard government its proposed increase in the Medicare levy surcharge, which will fund the government’s national disability insurance scheme, could hurt retailers.
| BusinessTHE NEWS WRAP: Gillard government preparing to unveil new levy and ad campaign
5:11AM | Wednesday, 1 May 2013 | Andrew Sadauskas
The Gillard government is set to unveil a multi-million dollar taxpayer-funded advertising campaign, along with a new ‘Medicare-style’ levy to help fund the government’s $14 billion NDIS.
| BusinessTHE NEWS WRAP: Gillard warns “all reasonable options are on the table” in the federal budget
4:11AM | Tuesday, 30 April 2013 | Andrew Sadauskas
Prime Minister Julia Gillard has warned “every reasonable option is on the table” to deal with a $12 billion budget shortfall and fund the Gonski school funding reforms and NDIS, in a speech delivered to the Per Capita Institute yesterday.
| BusinessTHE NEWS WRAP: Julia Gillard to reveal $12 billion budget blowout
4:14AM | Monday, 29 April 2013 | Andrew Sadauskas
Prime Minister Julia Gillard is set to use a speech at the Per Capita Institute think tank in Canberra to reveal a $12 billion forecast deficit in the federal budget this financial year, due to lower taxes from companies.
| BusinessTHE NEWS WRAP: Tamar Valley Dairy could scoop $5 million from Bulla
4:20AM | Friday, 26 April 2013 | Andrew Sadauskas
Family-owned Tasmanian yoghurt producer Tamar Valley Dairy is considering accepting a $5 million injection from rival Bulla, amidst a cashflow crunch at the Coles, Woolworths, Aldi and Fonterra supplier.
| BusinessTHE NEWS WRAP: Associated Press Twitter hack costs markets $US136 billion
4:14AM | Wednesday, 24 April 2013 | Andrew Sadauskas
The Associated Press Twitter account has been hacked, with a hoax message wiping $US136 billion off markets.
| BusinessTHE NEWS WRAP: Gillard government prepares public for budget deficits
4:14AM | Tuesday, 23 April 2013 | Andrew Sadauskas
Treasurer Wayne Swan has begun preparing the public for a deficit and possible budget cuts, following a warning by the Grattan Institute the federal government faces deep structural deficits for many years ahead.
| BusinessTHE NEWS WRAP: Australia set for a decade of government deficits
4:18AM | Monday, 22 April 2013 | Andrew Sadauskas
Australian state and federal government deficits are set to reach 4% of GDP, or $60 billion in real terms, unless governments make tough cuts to “share the pain”.
| BusinessTHE NEWS WRAP: Government scaling back China free trade ambitions
4:09AM | Friday, 19 April 2013 | Andrew Sadauskas
Trade Minister Craig Emerson has revealed the government is scaling back its ambitions for a free trade deal with China, hoping to achieve a more limited agricultural trade deal in the near term.
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