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Business and Industry Regulation

analysis:Kelly Bayer Rosmarin's fate at Optus was sealed well before her resignation was public knowledge

Kelly Bayer Rosmarin was highly regarded as a corporate warrior after surviving last year's cyber attack fallout, but her fate at Optus was decided earlier than Monday morning's announcement, writes Peter Ryan.
A woman with blonde hair wearing a blazer stands in front of greenery.

'Knock that down': NSW building regulator to get more powers to stop developer defects

Builders who don't follow the rules will be "chased out of town", the building commissioner says, under new laws set to pass this week.
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New South Wales Premier Chris Minns talks to New South Wales Building Commissioner David Chandler on tuesday may 16

People want to move to this booming Queensland region. There's just one problem: despite thousands of complaints, it still stinks

Thousands of complaints have been made about a foul stench, often compared to cat urine and rotten eggs, coming from this industrial site. Infringement notices have been issued — but not about the smell.
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Man standing in stripe shirt on residential street

So you want to sue Optus for its outage. Here's why it might not be your best option

Optus is no stranger to class actions after last year's cyber attack. But a week after its crippling nationwide outage left 10 million Australians in the dark and businesses unable to trade, is another one on the horizon?
Updated
An Optus store sign seen through a border of leaves.

Former CHO Brett Sutton's decision in 'slug gate' saga unfair, court finds

Ian Cook, of Melbourne caterer I Cook Foods, says it's a "bittersweet victory" after a Supreme Court judge ruled the business was unfairly shut down following a listeria outbreak in 2019.
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Victorian Chief Health Officer Brett Sutton speaks to the media. The photo is a headshot against a government branded backdrop

Why marijuana users are worried corporations will replace drug dealers

The first-ever bill to create a legal recreational marijuana market in Australia was lodged in federal parliament earlier this year — but not all cannabis enthusiasts are on board with the proposal to legalise it.
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Close up of medicinal cannabis plant being grown in a farm.

CBA accused staff of being mentally unstable in bid to quash a financial services scandal

The inside story of how the Commonwealth Bank went to extraordinary lengths to discredit whistleblowers and journalists who exposed wrongdoing within the company.
Updated
a woman and a man in a bowtie stand outside a building with a logo reading Commonwealth Bank

The Optus outage has thrown our cashless society into question, but experts say there's no going back

Businesses were hit hard during the Optus outage, with EFTPOS machines left out of action. As Australia moves further towards being completely cashless, experts say the outage isn't enough to see cash return as king.
A hand places their smart phone near a sleek Eftpos machine on the wooden counter of a cafe.

Could the Optus outage happen again?

Multiple investigations have been launched into yesterday's Optus outage that left millions with phone and internet - now Australia waits to find out, what went wrong. 
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ABC News Current
Duration: 6 minutes 38 seconds

'They're not listening to us': Business owner outraged by Optus data offer after outage

Optus will provide eligible customers, including small businesses, 200GB of free data as compensation for its nationwide outage that lasted for more than 12 hours and impacted more than 10 million Australians.
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optus 'yes' sign on glass fronted office block

Red tape costs double for Queensland businesses, report finds

The Sunshine State's peak business group says the median regulatory compliance costs reported by businesses in 2023 was $50,000 — up from $25,000 in 2021.
Updated
A woman wearing a blue dress sitting on a chair in front of a window.

Search through the ATO's full list of big companies that paid no tax last financial year

More than 800 large companies paid no tax in 2021-22, an Australian Taxation Office (ATO) report reveals. Here's the full ATO list.
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Australian banknotes, mostly $50 bills, strewn over a flat surface.

China expected to ease tariffs on Australian imports

Improved relations between China and Australia expected to thaw trade freeze and ease tariffs on Australian imports
ABC News Current
Duration: 5 minutes 20 seconds

analysis:Vanessa Hudson torches last sliver of goodwill defending 'ghost flights'

A change in leadership at Qantas and the ACCC has led to more of the same from both, which is a looming disaster for the airline and a credit to the regulator, writes business editor Ian Verrender.
Vanessa Hudson addresses the media

Shareholders to have their say as Qantas holds its annual general meeting

Qantas to hold AGM after months of anger and frustration, giving shareholders the opportunity to have their say about the embattled airline.
ABC News Current
Duration: 4 minutes 43 seconds

This fridge 'doesn't make things cold'. It's won a Shonky Award, just like Coles and Woolworths

Consumer advocacy group CHOICE calls out "the very worst products and services" it found this year.
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A man in a lab coat standing in a white room next to a small bar fridge, making a thumbs down gesture

Retiree Mark lost out after buying Bitcoin near the peak. Now he's excited by its recent rebound

Cryptocurrencies like Bitcoin have been on a tear higher in recent weeks, although they're still well down on record highs. Why are they rising and can it be sustained?
Updated
An older man in a white T-shirt smiles while typing on a computer.

ASIC has been alerted to hundreds of builders suspected of insolvent trading but not one has been prosecuted

ASIC has never prosecuted a builder over insolvent trading despite suspicions hundreds of construction companies are taking part in the illegal practice.
Updated
A photo illustration of Christine Tugwell and child with unliveable home with blue wash and house designs behind

Afterpay's new subscription service will trap desperate borrowers, financial counsellors warn

Financial Counselling Australia chief executive Fiona Guthrie says the service could tempt desperate people struggling to afford the cost of living.
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Fiona Guthrie speaks as she stands at a lectern addressing a conference.

Customers' homes riddled with defects after building franchise goes into liquidation

Would-be home owners are unable to finish their homes and can't claw back their deposits after a builder linked to a national franchise construction company went into liquidation. 
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Pauline and Cobie holding a dog. Picture of defect in home with green around

How AI is changing the fashion industry and making models susceptible to 'deepfake porn'

As regulators try to navigate the impact of artificial intelligence, could it outpace them, and will fashion models and the people behind their photo shoots be some of the first casualties as avatars take over?
a lady wearing a baby blue top sitting in her lounge smiling at the camera.

Horse owners warned as dead hedgehogs found in feed imported from New Zealand

Imports of all Fiber Fresh products have been suspended and an urgent recall has been issued.
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A horse eating feed from a bucket at the McIntyre Centre

Calls for car dealers who sell lemons to be punished

More than half of people who bought new or used cars over the past five years experienced a fault, with 17% being serious.
ABC News Current
Duration: 1 minute 49 seconds

Increase in monitoring the airline industry

The Albanese government has announced additional powers and funding for the ACCC to monitor the domestic airline industry.
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ABC News Current
Duration: 5 minutes 34 seconds

PwC caught out after telling Senate it was against 'separating' its businesses while looking for a seller in private

Consulting giant PwC is accused of misleading the Senate after revelations it planned to sell its consultancy business at the same time it pushed back against the idea in evidence to a separate inquiry in 2019.
Black letters that spell out PwC on a white wall with red, orange and yellow graphic squares above the letter C.