Free-to-air television loses chief lobbyist Julie Flynn at crunch time
Julie Flynn, outgoing CEO of Free TV Photo: Phil Carrick Julie Flynn, the chief lobbyist for the powerful free-to-air commercial television sector, has resigned, leaving the industry with the difficult task of replacing the veteran of 15 years.Free TV chairman Harold Mitchell said the board, at a meeting, had reluctantly accepted Ms Flynn's decision to retire as chief executive.She will step down in July, by which stage the industry hopes to have secured cut..>> view originalIf only a 'political effects test' applied to the Prime Minister
ANALYSIS Video will begin in 5 seconds. 'Effects test' win for small business Malcolm Turnbull announces changes to competition law to protect small business from uncompetitive behaviour by big firms. PT1M16S 620 349 The big end of town has been caught off-guard by the Turnbull government's insertion of an "effects" test in competition law. No longer would a small retailer need to prove that a large chain had actually intended to harm the competition. As long as the "effect" o..>> view originalReview of 'backpacker tax' welcomed in NT
Review of 'backpacker tax' welcomed in NTAs the Northern Territory pivots its economy towards tourism, the chief minister has welcomed Canberra's decision to review the "ridiculous" planned backpacker tax.The tax was due to come into force from July 1, with those on working holidays required to pay 32.5 per cent tax in every dollar they earn, scrapping their access to an $18,000 tax-free threshold.Upon leaving the country they would also be taxed 35 per cent on the employee superannuation contri..>> view originalThe Prime Minister told Parliament he was not a theorist in the area of competition. Photo: Andrew Meares
The Prime Minister told Parliament he was not a theorist in the area of competition. Photo: Andrew Meares The Goliaths of big business have sustained a damaging loss against the small business Davids thanks to the Turnbull government's decision to beef up competition laws.The move to adopt an "effects test" competition regime makes it more difficult for big companies to use their financial might to take advantage of small rivals.It is a decision that sees Tu..>> view originalASX inches higher as investors await US Federal Reserve decision
The benchmark index was little changed ahead of the US Federal Reserve rates decision. Photo: Bloomberg Australian shares just managed to finish in positive territory on Wednesday, with rises in the banks offsetting a fall in mining stocks, as investors stuck to the sidelines ahead of an overnight US Federal Reserve decision on monetary policy.Falls on Wall Street, on European sharemarkets and in iron ore led the local market down from the opening bell but g..>> view originalTelstra snares ex Nokia chief Stephen Elop and ex Optus head Kevin Russell
Former Nokia chief Stephen Elop with then Microsoft head Steve BallmerTELSTRA has recruited the former head honchos at phone maker Nokia and telco rival Optus to help run its extensive operations and expand into the technology space. The telco — which only two days ago revealed it had abandoned plans to expand into the Philippines — has hired former Nokia chief Stephen Elop to lead the group’s strategy to become a major technology company.Former Optus chief Kevin Russell has also been tapped to ..>> view originalCustomers wary of Dick Smith home brand stock
Video will begin in 5 seconds. Dick Smith to close remaining doors for good Fairfax retail reporter Catie Low explains the impact of Dick Smith's store closures after receivers failed to find a buyer. PT3M45S 620 349 Dick Smith-branded product is being left on the shelf in the chain's fire sale, as shoppers opt for the security of the big brand electronics such as Samsung and LG.Staff report they are already battling to sell Dick Smith home brand stock despite big discounts a..>> view originalLessons from the past can help Australia grow
BHP Billiton and Australia have travelled a parallel path to prosperity, says chief executive Andrew Mackenzie. Photo: Michele Mossop We must prepare Australia for the challenges that lie ahead. This requires all of us – government, industry and media – to think expansively about Australia's future and to take international economic and political developments into account as we think about our challenges and opportunities.One of the most important policy chal..>> view originalProposed Qld aquarium light on detail
Proposed Qld aquarium light on detailQueensland's government is spruiking a new aquarium planned for Brisbane's popular South Bank precinct.The only problem is, no one can say what it will look like, what kind of marine life will actually be on display or when it might open.The government on Wednesday announced the "world-class aquarium" as an example of a project making its way through its market-led proposal process.The initiative involves the private sector coming to government with unique id..>> view originalFitch: Sector Outlook Negative But Big Indonesia Banks Resilient
(The following statement was released by the rating agency) JAKARTA/SINGAPORE, March 15 (Fitch) The outlook for Indonesia's banking sector remains negative - with profitability declining, credit costs rising and NPL ratios likely to rise in 2016, says Fitch Ratings. That said, earnings buffers at the major banks remain robust, and should be sufficient to cover higher credit costs while also maintaining high profitability relative to other banks in the region. Indonesia's large banks are a..>> view original
Wednesday, March 16, 2016
Free-to-air television loses chief lobbyist Julie Flynn at crunch time and other top stories.
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