WA company Advanced Traffic Management collapses into liquidation as 400 sacked

Hundreds of staff have learned that they are now unemployed after receiving a brutal text message about their termination. On Tuesday, 400 workers at a Western Australian company called Advanced Traffic Management (WA) Pty Ltd, which provides workers and equipment for major road work projects, got a text informing them the business was in liquidation. … Read more

Intergenerational report: Jim Chalmers, Katy Gallagher say ‘modest’ tax changes crucial for ballooning cost of budget

An economic blueprint for Australia’s next 40 years will show the ballooning cost to sustain an ageing population and the challenges to pay for it amid sluggish growth. The latest iteration of the Intergenerational Report will be released on Thursday, painting a picture for the next four decades. It will show that aged care, health, … Read more

Qantas Group profits soar to $2.46bn after pandemic losses

Australia’s national carrier, Qantas Group, has announced record full-year underlying profits of $2.46bn, representing a dramatic financial turnaround for the country’s largest airline. The result is the company’s first profitable result since FY2019 after it incurred more than $7bn of losses during the Covid-19 pandemic. Qantas’s profit margins have been supported by surging demand for … Read more

ABC: Managing Director David Anderson contract extended, Ita Buttrose departs as chairman

The ABC has extended the contract of managing director David Anderson by another five years. It comes days after chairwoman Ita Buttrose made the shock announcement she would be stepping away and not be seeking reappointment. Mr Anderson’s contract will extend to mid-2028, the ABC announced in a statement on Thursday. “Following the announcement that … Read more