AUSTRAC CEO Brendan Thomas says it is unlikely most conveyancers will be required to pay a levy on the back of AML/CTF law reforms.
PUBLIC investment in green energy and social housing has surged but worker shortages and sluggish productivity growth are holding projects back. Tens of billions of dollars were added to Australia’s major infrastructure pipeline in the past year, federal advisory body Infrastructure Australia found in a report released on Thursday.
Unemployment is likely to fall in the latest reading, but some economists think the rate could rise further next year, leaving the door open for more rate cuts.
Drawn-out planning approvals are being sped up with a one-stop shop ticking off major projects, heightening environmentalists' concerns about fossil fuel plans.
Significant changes are coming for Australia’s anti-money laundering and counter-terrorism financing legislation, with conveyancers soon to be among the entities responsible for reporting.
Anti-money laundering and counter terrorism financing law reforms introduced next July aim to weed out the dodgy behaviours in the Australian property market. AUSTRAC overseeing the changes highlights extreme real-life examples.
Australia's big four banks have made billions from investing in fossil fuel projects in the past decade, but only two have made steps to walk away.
The dream of owning a freestanding house close to the city is fading, with data showing demand far outstripping supply.
Australian consumers are the most optimistic they've been since early 2022 despite fading prospects of more interest rate cuts.
Two states heading to the polls next year have been named the best and worst places to do business in Australia based on factors such as taxes and red tape.
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