Multinationals operating in Australia paid almost $40 billion in company income tax in 2013 and transacted $400 billion worth of related party deals.
The Australian sharemarket bounced on Thursday, defying a weak lead from Wall St, as investors responded positively to slew of corporate updates including from NAB, Wesfarmers and Coca-Cola Amatil.
The closure of oil refineries has heightened Australia's exposure to disruptions in fuel supplies now the reliance on imported products has topped 90 per cent, motorist lobby the NRMA has warned.
Halloween is becoming a bigger treat for retailers every year as the growing number of parties fuels demand for lollies, spooky costumes, decorations and pumpkins for carving.
Australia's consumer watchdog has joined other regulators in broadcasting its concerns about resources to the Abbott government.
Speculation is building that National Australia Bank could divest its life insurance assets, or even sell-off its problematic wealth management business MLC Australia entirely.
UGL has received a first strike against its remuneration report as investors protested a $3 million sign-on bonus to the new head of its DTZ property arm and succession incentives to outgoing chief executive Richard Leupen.
Self-managed super funds are gearing into property more heavily amid regulator concerns that debt is fuelling growth in house prices and creating risk for the financial system.
Mirvac Group will focus on more residential and mixed use projects to take advantage of the buoyant housing market and to help directors achieve the forecast 1 to 3 per cent earnings growth for the 2015 financial year.
Stockbrokers have bid for $12 billion worth of Medibank shares on behalf of their retail clients, more than double the maximum value of shares on offer of $5.5 billion.