John Kehoe

The opposition will support the federal government’s biggest overhaul of the laws in 50 years, after lobbying from the ACCC’s Gina Cass-Gottlieb.

Confidential details shared with industry participants show the size of the cost to the biggest lenders as Treasury attempts to keep regional branches open.

Banking disrupter Macquarie would jack up interest rates on mortgages or even leave the retail market altogether under a rural service proposed levy, an analyst says.

Businesses should learn from the PwC tax scandal by testing the tax advice of accountants and lawyers to avoid being shamed in public, the ATO says.

Treasury has come up with a radical but rushed plan to make all banks fund those with the biggest rural businesses. But there is no guarantee that it will work.

Treasurer Jim Chalmers has kick-started face-to-face negotiations with bank CEOs about a potential new $350 million levy, but bankers are split over the proposal.

The first fund chairman David Murray says the treasurer’s directive to prioritise certain assets will endanger returns.

American and Australian officials are warning the Albanese government that its crackdown on social media platforms could anger the incoming US president into putting tariffs on $33b of exports.