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Business insolvencies are rising sharply as Australia nears a fiscal cliff that could destabilise the local economy

Australia is bracing for the end of JobKeeper and JobSeeker as business insolvencies begin to rise by more than 60%. With JobKeeper to end in three weeks and business debts up to $1 million needing to be sorted by the end of the month, CreditorWatch has warned Australia is in for an economic whack.

This is no time to stall on reform

This is no time to stall on reform The Porter affair is draining political energy from post-virus change. Have an inquiry and deal with it. Share An economic rebound is an excellent time to implement reforms to lock in the recovery and place the economy on a sustainable growth trajectory. Now is such a time. But an indignant government is missing the reform boat. Last week’s national accounts confirm an economic rebound from Australia’s first recession in almost three decades. Yet two strong quarters of growth have not been enough to restore the economy to its pre-pandemic size.

Industry s fears as militant construction union set to split

News by Matthew Killoran Premium Content   The CFMEU will retain its resources and influence over the Queensland Government and become no less militant in the construction sector even if it proceeds with a historic split, the industry fears. Infighting has spilt into the public, as CFMEU national construction bosses accused their colleagues in the mining division of union of using false and misleading allegations to sway delegates. Master Builders Queensland boss Grant Galvin says the construction union will be no less militant if there is a split in the CFMEU. It follows the mining and energy division s 300 delegates voting unanimously to split from their controversial colleagues in construction on Monday, in which they accused construction bosses of macho posturing and chest beating .

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