Former Australian Prime Minister Kevin Rudd has put his five-bedroom house in Canberra up for sale with an asking price of A$2.25 million ($2.18 million) after abandoning any aspirations to again lead the country.
Australia’s Labor government struck a deal with the opposition coalition to amend political party funding laws, agreeing to a new threshold for disclosure of donations to move long-stalled legislation through parliament.
Australia’s government is wooing voters with increased infrastructure, health and education spending while charting a path to a budget surplus as it seeks to restore economic credibility four months before an election.
Australian Prime Minister Julia Gillard’s government announced plans to upgrade infrastructure as it boosts health and education spending, in a budget seeking to woo back voters while restoring economic credibility four months before an election.
Australia more than halved its projection for carbon prices in the year starting July 2015 to A$12.10 ($12) a metric ton as the European Union, its planned partner in a cap-and-trade system, struggles with low prices.