Moody’s has stripped Victoria of its much-vaunted AAA credit rating. The international ratings agency on Tuesday downgraded the state’s rating to AA1 and changed its financial outlook to “negative”. Moody’s blamed the state’s huge post-pandemic […]
Dodgy tourism operators are in the sights of Australia’s consumer watchdog as domestic travel starts to open up. The Australian Competition and Consumer Commission on Tuesday unveiled its enforcement and compliance priorities for 2021. “We […]
Engineering group Worley has reported first-half earnings slumped by 61 per cent as customers delayed projects due to COVID-19. Worley on Tuesday reported a net profit after tax of $60 million after revenue fell by […]
Unemployed workers will receive a permanent $50 a fortnight increase to the JobSeeker payment once the coronavirus supplement is scrapped, in exchange for much stricter requirements. The new rate will be the equivalent of an […]
Insurer Allianz has been charged with making false or misleading statements about its travel insurance products. Allianz and its underwriter AWP are accused by ASIC of misrepresenting the nature of travel insurance on offer to […]
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