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.
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.
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.
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.
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.
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.
The four children of Gina Rinehart, Asia’s richest woman, may have a stake of as much as $4.7 billion in a trust at the center of a dispute where the three eldest are suing to oust their mother as trustee.