Former KPMG partner Chris Jordan, who went on to lead the ATO, is alleged to have avoided paying tax during his time at the firm. Plus the US Treasury Secretary threatens economic ruin of countries and entities doing business with Iran.
Australia's shrinking snow fields are feeling the heat with record temperatures shutting down ski resorts early. Plus a Wall Street listed thrift company expands in Australia leaving non-profit retailers concerned they'll lose out on donations.
Australia's economy is growing faster than expected, raising the chance of an interest rate hike by the RBA later this month. Plus how bond vigilantes have marked Donald Trump's report card down on the economy.
House prices have declined for the fifth month in a row, suggesting the property slump is continuing. Plus the latest on the Bathla collapse, including an interview with Michael Akkawi the chief executive of private equity real estate developer Conquest.
An ABC investigation shows gift card tampering spreading across Australia, as other countries grapple with similar crimes. Plus the Bathla Group's administrator is hopeful of a deal to complete most of the property developer's remaining projects.
Qantas delivers $1.3 billion full-year profit but higher fuel costs from the oil shock in the Middle East hits the airline's bottom line. Plus we talk to Wesfarmers boss Rob Scott about the corporate giant's court loss to a regional hardware store owner.
Higher than expected inflation has raised the chances of another interest rate hike before the end of the year. Plus the Bathla Group collapse leave thousands of homes unfinished.
Former KPMG partner Chris Jordan, who went on to lead the ATO, is alleged to have avoided paying tax during his time at the firm. Plus the US Treasury Secretary threatens economic ruin of countries and entities doing business with Iran.
Businesses weigh up the cost of AI as bills mount from increasingly complex tasks. Plus we speak to former teen heart-throb, The OC actor and Hollywood star Ben McKenzie on his high-profile crypto crusade.
Unemployment has risen to the equal highest level in nearly five years. Plus Australia hits a new debt milestone as bond markets flash a warning. Presented by Alicia Barry. Editor's note: In the original version of this program, Martin Whetton said the US government's interest bill was $US85 billion a day. The correct figure is closer to $US85 billion a month.
The government cracks down on bad actors convincing Australians to switch their super into dodgy investments. Plus we speak to the AUSTRAC boss about its investigation into widespread mortgage fraud.
Business leaders have weighed into the migration debate, with the boss of Australia's biggest home builder warning skilled foreign workers are crucial in the construction industry. Plus we speak to CSL interim chief executive Gordon Naylor about what's behind the healthcare giant's full-year loss.
Calls to crackdown on investment scams as the corporate watchdog warns AI is making deepfakes increasingly common, sophisticated, and harder to detect. Plus why the big four banks are gearing up for a mortgage war.
Industry experts say a $2.5 billion taxpayer-funded deal to save Tomago Aluminium is money well spent. Plus Origin Energy and Telstra reveal company results.
Commonwealth Bank boss Matt Comyn has told The Business the company expects two interest rate cuts next year and that will support the property market. Plus we explore how far house prices could fall.
The RBA left interest rates on hold but Michele Bullock warns the chance of another rate rise remains because of persistently high inflation. Plus Ryan Stokes spruiks the earnings of conglomerate SGH Ltd, formerly Seven West.
Research estimates more than 15.5 million Australians with super haven't named a legally binding beneficiary, leaving their super fund to determine who gets the money when they die. Plus we speak to Sunrise Energy Metals boss Sam Riggall about the Pentagon's $560m investment in the company's scandium project.
Natural snow cover on the Australian alps is among the lowest ever recorded, as the warmest winter on record ends the ski season early. But Snow Resorts Australia chief executive, Josh Elliott is confident artificial snow making will keep skiers returning.
Influential market strategist, Michael McCarthy says investors are concerned "an inflationary spiral will break out" and require "drastic action" to contain.
Savers competes directly with non-profit, second-hand retailers and charity op shops that are concerned its expansion in Australia could result in fewer donations and customers to their stores.
Australia's economy is growing faster than expected, raising the chance of an interest rate hike by the RBA in September.
Michael Akkawi, the founder and chief executive of prominent developer, Conquest, a company with major housing projects in Sydney, Airlie Beach and London, says Bathla is shaping up to be the largest housing collapse Australia has ever seen.
Data from Cotality reveals the nation's housing downturn has accelerated, with home values declining for the fifth straight month.
President of US investment giant Northern Trust Asset Management, Michael Hunstad says AI may be the biggest positive supply shock that the global economy has ever seen.
An ABC investigation has discovered gift cards that have been tampered with are being sold by Australia's biggest supermarkets, with charges even being laid over the issue.
Teneo senior managing director, Stephen Longley is extending a glimmer of hope to home buyers with unfinished properties, saying he believes they will eventually receive their keys.
The owner of well-known Australian retailers such as Bunnings, Kmart, Priceline, Target and Officeworks - Wesfarmers - posted a $2.9 billion profit the financial year, down 1.8 per cent, as cost-concious consumers hunt for bargains.
Official July inflation data has forced three of the four major bank economists to revise their interest rate forecasts higher. CBA's Belinda Allen is now predicting a November rate hike.
After years of chronic underinvestment, Qantas chief executive Vanessa Hudson has embarked upon a massive fleet upgrade that will change Qantas' earnings profile.
A Queensland hardware store owner has had a major court victory over retail giant Bunnings, in one of the first high profile uses of new 'no adverse costs laws'.
Economists say the latest inflation figures have increased the risk of another interest rate hike before the end of the year.
Thousands of unfinished homes have been left in limbo after major property developer, Bathla Group collapsed. Administrators say they need around $20 million to keep construction going for the next 5 weeks.
ABC's chief business correspondent Ian Verrender says MA Financial's move to freeze or slow down investor redemptions is "significant", because the company is saying they are expecting a rush of investors to come, asking for their money back.
Global strategist at Rabobank, Michael Every says the US operation, named "Economic Outcast" is likely to impact Russia, China, Pakistan, North Korea, as well as countries around the Middle East and Central Asia.
Built Living chief executive, Dale Connor says government investment into its project will help to produce an extra 2,000 homes a year in WA and show how affordable housing can be built quickly and at scale.
Businesses are weighing up the cost of AI, as bills mount from increasingly complex tasks.
For many Millennials, Ben McKenzie is still best known for his role in The O.C. Now, the 47-year-old actor is on a crusade to warn the world about cryptocurrencies. Speaking to ABC News, Mr McKenzie explains how he became a crypto cynic and why he has just put out a documentary openly calling the movement "stupid".
Westpac head of financial market strategy, Martin Whetton says Australia's brief debt milestone of $1 trillion is not a cause for concern and the focus should be on US debt, which topped $US40 trillion for the first time. Editor's note: In the original version of this video, Martin Whetton said the US government's interest bill was $US85 billion a day. The correct figure is closer to $US85 billion a month.
Medibank chief executive David Koczkar says cost-of-living challenges are showing up in customers' premium choices as the country's biggest private health insurer posts a record full-year profit.
Unemployment has risen to the equal highest level in nearly five years.
Unlicensed telemarketers who cold call and make unsolicited approaches to convince people to switch their super will be banned under long-awaited reforms.
Stockland chief executive Tarun Gupta says the number of first home buyers coming into the property market hasn't changed "markedly" since the government's tax changes, but the three RBA rate hikes earlier this year are starting to dampen demand.
Australia's financial crimes regulator AUSTRAC has uncovered mortgage fraud worth hundreds of millions of dollars at 10 major banks
As pressure mounts for big migration cuts, business leaders weigh in, with the boss of Australia's biggest home builder warning it will hurt the construction industry
CSL interim chief executive Gordon Naylor joined The Business to discuss what's behind the biotech giant's $US2.6 billion full-year loss.
BlueScope CEO Tania Archibald speaks to The Business as the company - which has a significant US operation - posted a 857 per cent increase in full-year profit.
The big four banks - NAB, ANZ, Westpac and Commonwealth Bank - are reporting a sharp pull back in home lending. Banking analyst with MST Financial Brian Johnson says this could mean the start of a new mortgage war.
Scammers are using impersonations of celebrities, politicians and trusted public figures to promote fake investment schemes, with the corporate watchdog warning AI is making the practice increasingly common, sophisticated and harder to detect.
A taskforce of representatives from small business, finance, education, and politics have met at Parliament House, to find new ways to equip businesses with financial literacy skills.
Commonwealth Bank boss Matt Comyn says the slump in home loan applications is due to affordability, interest rate rises, global uncertainty including the oil shock in the Middle East and the tax changes announced in the federal budget.
SGH boss Ryan Stokes discusses FY26 results, energy, housing, data centres, and the implications of proposed gambling advertising restrictions for broadcasters.
There has been some reprieve for mortgage borrowers as the Reserve Bank left interest rates on hold at 4.35 per cent, but money markets are betting the probability of another hike by February 2027 is around 80 per cent.
Sunrise Energy Metals' chief executive Sam Riggall says while scandium is a common metal, it's rare to find it in high concentrations in the ground, which they've found in New South Wales.
More than 15.5 million Australians are estimated to have not made a legally binding nomination of who their super goes to when they die.
