SA export trade falls $5bn short of ‘target’

SA export trade falls $5bn short of ‘target’

A $5 billion shortfall in exports from South Australia has left the state’s Trade minister seemingly turning his back on a target set by the Premier just three years ago. Premier Jay Weatherill had boasted SA could hit an export target of $18 billion by 2017. But with the latest figures showing state exports last year reached just $13.2 billion, a reduction from previous years, Martin Hamilton-Smith appears to have abandoned the Premier’s target. In 2014, Mr Weatherill announced a fresh foreign investment policy, aimed at creating 6000 jobs and…

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Joseph Gutnick's business dealings worked over in the Federal Court

Joseph Gutnick's business dealings worked over in the Federal Court

And so for Joseph Gutnick it came to this. His business life in paperwork stacked in sad, neat Pitcher Partner binders emblazoned with the words: “Bankrupt Estate of Joseph Gutnick.” Play VideoDon’t Play ‘I want to die in this building’ Play VideoDon’t Play Previous slideNext slide ‘Diamond Joe’ loses his sparkle ‘Diamond Joe’ loses his sparkle Once a BRW rich-lister, mining magnate Joseph Gutnick has filed for bankruptcy. ‘I want to die in this building’ Play VideoDon’t Play ‘I want to die in this building’ ‘I want to die in…

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Will the Federal budget launch a new era in social and affordable housing?

Will the Federal budget launch a new era in social and affordable housing?

Updated April 29, 2017 06:10:28 Photo: Through an affordable housing unit, Ms Raumati-Damon is able to live on her own. (ABC News: Norman Hermant) You don’t have to tell Jan Raumati-Damon she beat the odds. This week, she realised a dream she thought might never happen — she was handed the keys to her own Sydney apartment. “It’s great. I’m very excited,” Ms Raumati-Damon said, her eyes tearing up just after signing her lease. The 65-year-old works part-time as a cook, and receives the age pension. But that hasn’t been…

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Jetstar hits back at ‘worst airline’ claim

Jetstar hits back at ‘worst airline’ claim

LOW-cost carrier Jetstar has hit back at claims it is the worst airline in the world and said the findings research by consumer watchdog Choice had no credibility. Data compiled by 11 consumer groups globally including Choice was released earlier today after 11,000 passengers who travelled in the past year gave feedback and scored the performance of 73 airlines. The findings showed Qantas was ranked as the best of the national carriers (ranking 36), ahead of rival airline Virgin Australia (51) and Jetstar came in last (73). media_cameraQantas was listed…

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Facebook Australia pays more tax following government crackdown against multinationals

Facebook Australia pays more tax following government crackdown against multinationals

Facebook Australia has restructured its local business and for the first time ever counted its lucrative advertising revenue following the Turnbull government’s tougher laws aimed at stamping out multinational tax avoidance. The social media giant is among a number of other tech companies including Google that have restructured their business in response to the federal government’s tougher anti-avoidance measures including the Multinational Anti-avoidance Law (MAAL) and the Diverted Profits Tax. Play VideoDon’t Play City vs country in council merge decision Play VideoDon’t Play Previous slideNext slide Tax measures won’t help debt woes Tax measures won’t…

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