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When Virgin business class was a real game-changer

When Virgin business class was a real game-changer

Thirteen is supposed to be an unlucky number – but for Australia’s business class travellers, 13 years ago saw the start of a dramatic uplift in the premium airline experience, sparked by competition from a newly-aggressive Virgin Australia. After being transformed from the low-cost Virgin Blue into the full-service Virgin Australia, the airline – helmed...

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Live: Foreign buyers purchase $5b worth of residential property, ASX rises

Live: Foreign buyers purchase $5b worth of residential property, ASX rises

Foreign buyers made 5,360 residential real estate purchases in Australia over the past financial year, spending $4.9 billion, according to new data from the ATO. Their average price was $914,000, according to the register of foreign ownership of residential land. Of the 5,360 purchase transactions in 2022–23, 164 registrants became a permanent resident or gained...

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Sleepout fundraiser amid ‘new wave of homelessness’ is a cause close to home for this executive

Sleepout fundraiser amid ‘new wave of homelessness’ is a cause close to home for this executive

In short: Business executive Angelique Boileau, who experienced homelessness after World War II, will be participating in the Vinnies CEO Sleepout. The charity says demand has been greater than ever with shelters regularly turning away people. What’s next? This year’s event aims to raise $900,000, which the charity says could provide more than 8,000 nights...

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ASX shares fall a day after interest rates decision, Nvidia overtakes Microsoft on value — as it happened

ASX shares fall a day after interest rates decision, Nvidia overtakes Microsoft on value — as it happened

Our Chief Business Correspondent, Ian Verrender has penned this great analysis on what’s going on with the Australian dollar. The Aussie dollar has bounced a little this morning as forex traders weighed up the impact of global interest rate moves. RBA governor Michele Bullock yesterday made clear that domestic interest rates are likely to stay...

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Abusive partners using tax system as ‘weapon’

Abusive partners using tax system as ‘weapon’

In short: Family violence perpetrators are burdening their partners with tax debts they cannot shake, sometimes leading to bankruptcy. A change in the federal budget means the tax office can defer chasing debts in certain circumstances. What’s next? Advocates want the ATO to adopt a model used overseas, in which debts are reassigned to perpetrators....

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Thousands of people are being funnelled into a multi-level marketing scheme promising ‘financial freedom’, but there’s a cost

Thousands of people are being funnelled into a multi-level marketing scheme promising ‘financial freedom’, but there’s a cost

Women in regional Ausrtalia are signing up to a multi-level marketing scheme selling water ionisers, looking for financial ‘freedom’.(ABC News: Lindsay Dunbar) People across regional Australia are selling a curious Japanese machine that “electrolyses” tap water and promises “triple health” for the drinker.     Proponents of the multi-level marketing scheme promise six-figure salaries but...