Former Foreign Minister Alexander Downer said Australia needs to maintain its intelligence- gathering abilities as Agriculture Minister Barnaby Joyce delayed a visit to Indonesia amid claims of spying.
Tony Abbott’s Liberal-National government’s poll ratings slipped behind the opposition as a diplomatic row with Indonesia threatens efforts to curb the number of asylum seekers arriving in Australia by boat.
Singapore Exchange Ltd. ’s proposed takeover of ASX Ltd., operator of Australia’s main bourse, faces a new hurdle for approval after a senator in Canberra proposed today that the bid to be subjected to a parliamentary inquiry.
Residents of St George, a town in Australia’s flood-ravaged Queensland state, are watching rising river levels as the water that has caused more than A$5 billion ($5 billion) of damage moves south and more rain is forecast.
Gina Rinehart, the richest woman in the Asia Pacific region, changed the rules governing her children’s $4 billion trust in 2006 for her own benefit and not her children’s, breaching her duty as trustee, a lawyer said.
Australia’s central bank should cede control of senior officials’ pay, a member of Prime Minister Julia Gillard ’s ruling coalition said, intensifying a debate over Governor Glenn Stevens ’s A$1.05 million ($1.1 million) package.