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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:16:32 -0700 | political-news

But the information and level of co-operation were deemed insufficient and the deal was called off. The defendant then relied on the agreement to avoid trial and asset confiscation. The Independent Broad-based Anti-corruption Commission found the agreement was unauthorised.
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:16:33 -0700 | business-news

Welfare agencies specialising in services for the disadvantaged, financial and legal assistance, and the needs of youth and emergency relief believe the country's most vulnerable are at increased risk because of the uncertain future of federal funding, a new report...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:14:59 -0700 | sports-news

Colin Lovitt, the QC, collapsed on the carpet one day, saying he was having a stroke...He was taken away in an ambulance and a week later John Elliott had to be taken away too...He asked me: 'What are you putting...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:14:43 -0700 | business-news

Mr Gay had not done enough to persuade the court to make a special exception for him...MrGay's role in both companies could be adequately performed by others, or that his knowledge, skill and experience could be obtained as a consultant...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:13:28 -0700 | business-news

High-flying technology entrepreneur Peter Mavridis faces up to 10 years in jail after being charged with defrauding National Australia Bank of more than $3 million. Mr Mavridis, 42, appeared in the Melbourne Magistrates Court on Tuesday to face 35 fraud...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:13:24 -0700 | business-news

German and Yiddish for ''black''. ''Was there no schwartz for last month?'' Mr Edelsten asked Rafael Mawardi in an April 16, 2012, email, tendered to the court. Mr Edelsten told the court ''schwartz'' was ''money to be kept from tax...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:11:38 -0700 | business-news

Macquarie Atlas' current market capitalisation is $1.4 billion, and Macquarie received total fees of almost $37 million in 2013. Mr Walsh disputed the ASA's claim the management fees were excessive, and said it was ''not fair'' to suggest Macquarie was...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 13:32:52 -0700 | business-news

The Australian Prudential Regulation Authority has, for the first time, amended banking system rules to recognise the unique attributes of the mutual banking model, in a move that will provide credit unions, building societies and mutuals with more scope to...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:11:36 -0700 | business-news

The outgoing chief revealed on Tuesday that OZ Minerals was mulling a full exit of its key growth project, Carrapateena in South Australia. A dozen global copper producers are combing the asset's books in the data room, he said. Carrapateena...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:11:30 -0700 | business-news

Last year Moore-Wilton told a sizeable audience: ''When people tell me the concrete trucks are going to start pouring in the first term of this government, boy oh boy, I wonder what they have been smoking.'' So Max, what's in...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:11:29 -0700 | business-news

The head of the government's competition review says he won't pursue competition for competition's sake. Economist Ian Harper says his overriding aim will be to drive productivity growth and through it improve the standard of living. Launching an issues paper...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:11:27 -0700 | business-news

The change in thinking has caused some strategists to suggest the Aussie would have to rise to US97¢ again before the RBA would start talking it down. JPMorgan chief economist Stephen Walters said there were two ways to interpret the...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:10:10 -0700 | business-news

The vendor, Point Property Group, owned by the Dodge family, has already developed a $20 million industrial project of office-warehouse units on an adjacent site at 2 Bromham Place. Point Property Group, which occupies Bromham Place offices, is understood to...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:10:04 -0700 | business-news

CBD A local investor has paid a record price of more than $2.5 million for a 550 sq m floor at Level 7, 50 Market Street. The price represents $4636 per sq m and surpassed the building's previous record price...
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Source: The Age

Melbourne :: Australia | updated 2014-04-15 10:10:00 -0700 | business-news

High net worth individuals such as Bras N Things founder Brett Blundy dominate the bulky goods market. Blundy's BB Retail Capital property arm has expanded its portfolio of homemaker centres to a reported $640 million. While the sector has grown...
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