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Little Green Pharma facility gets the go-ahead

Little Green Pharma facility gets the go-ahead

The Office of Drug Control (ODC) has given the green light to an expanded cultivation facility in Western Australia that can produce 110,000 bottles of medicinal cannabis oil each year. Little Green Pharma (ASX: LGP) completed the facility in March to lift its production capacity 10-fold, including nine flowering rooms with auto...

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National SME loan scheme extended for business recovery

National SME loan scheme extended for business recovery

A Federal Government SME loan scheme will be extended, giving Australian businesses access to more funding during the COVID-19 recovery phase. Under the existing 'Coronavirus SME Guarantee Scheme' the Government has been partnering with 44 approved lenders to guarantee 50 per cent of new unsecured loans to SMEs. The next phase...

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iSignthis shareholders vote to leave ASX

iSignthis shareholders vote to leave ASX

A vote at iSignthis' (ASX: ISX) AGM on Friday proved it isn't just the company's directors who have a problem with the ASX, but 87 per cent of shareholders who want the fintech depart from the country's predominant stock exchange. The payment identity verification technology group's CEO John Karantzis (pictured) h...

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Masks to be mandatory in Melbourne, COVID-19 outbreak in Batemans Bay

Masks to be mandatory in Melbourne, COVID-19 outbreak in Batemans Bay

The ongoing COVID-19 crisis in greater metropolitan Melbourne has forced Premier Daniel Andrews to impose the mandatory wearing of masks. From 11.59pm on Wednesday 22 July, citizens of metropolitan Melbourne and Mitchell Shire must wear a face covering when leaving the home. Those caught flouting the rule will be hit with a $200 fine....

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Local film association questions preferential treatment for foreign studios

Local film association questions preferential treatment for foreign studios

Screen Producers Australia (SPA) has today welcomed the Federal Government's $400 million injection to attract film production from overseas, but has called for clarity on local content quota removals which could force more than 10,000 people out of work. The association has sounded a note of caution, urging a balance in support is ne...

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Kogan breached consumer law, misled customers with EOFY promotions

Kogan breached consumer law, misled customers with EOFY promotions

It's a practice as old as Methuselah. Raise your price, drop it and make the buyer think they've scored a sweet deal, but the tactic has landed Australian e-commerce giant Kogan.com (ASX: KOG) in hot water. After proceedings brought by the Australian Competition and Consumer Commission (ACCC), the Federal Court has found Kogan bre...

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Clive Palmer charged with fraud over alleged dishonest transfers

Clive Palmer charged with fraud over alleged dishonest transfers

Mining mogul Clive Palmer has been charged with two counts of breaching directors' duties and two counts of fraud, with the Australian Securities and Investments Commission (ASIC) alleging he dishonestly enriched his own political party. The corporate watchdog alleges Palmer dishonestly obtained a benefit for both his company Cosmo De...

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"No mingling": Group bookings limited to 10 at all NSW indoor hospitality venues

"No mingling": Group bookings limited to 10 at all NSW indoor hospitality venues

Earlier this week the NSW Government announced group bookings at pubs would be capped at 10 starting today, but those measures have now been extended to all indoor hospitality venues with one week of leeway to comply. After eight new cases were reported in the state overnight, Premier Gladys Berejiklian noted 24,500 people were tested in ...

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Victoria reports worst day on record with 428 confirmed COVID-19 cases

Victoria reports worst day on record with 428 confirmed COVID-19 cases

Victoria has witnessed its worst day on record for confirmed COVID-19 cases, reporting 428 more infections overnight. The figure is well above yesterday's previous highest daily tally of 317 new cases, and marks the state's 12th day in a row of triple-digit increases of COVID-19 infections. Victorian Premier Daniel Andrews (pi...

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$400 million injection for Australia's screen industry to attract international studios

$400 million injection for Australia's screen industry to attract international studios

The film and television industry is set to receive a $400 million boost from the Federal Government as part of a plan to attract overseas productions to Australia. Dubbed the 'Location Incentive', the $400 million injection is designed to complement the Federal Government's existing 'Location Offset', and provide an ef...

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Cann Group to raise $24m, Mildura expansion funding still in limbo

Cann Group to raise $24m, Mildura expansion funding still in limbo

One of Australia's leading cannabis companies is issuing new shares at a 51.2 per cent discount to raise $24.3 million for working capital. Cann Group, which was the nation's first to receive medicinal cannabis production and research licenses, will raise capital at 40 cents per share including a $14.3 million placement that has a...

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More than 210,000 Australians returned to work in June

More than 210,000 Australians returned to work in June

Australia's unemployment rate reached its highest levels in more than two decades in June at 7.4 per cent, but a relaxing of COVID-19 restrictions meant more people were actually employed or looking for work. Close to a quarter of a million people entered part-time employment in June, according to the latest figures from the Aust...

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Westpac hit with second class action over flex commission car loans

Westpac hit with second class action over flex commission car loans

Westpac (ASX: WBC) is facing a second class action about the use of 'flex commission loans' with car dealers. Law firm Maurice Blackburn alleges Westpac and subsidiary St George Finance colluded with car dealers to "sting" consumers with high interest loans. It mirrors a class action launched by Shine Lawyers (ASX: S...

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Eradication, elimination, suppression: Understand what they mean before debating Australia's course

Eradication, elimination, suppression: Understand what they mean before debating Australia's course

The current surge in community transmission of COVID-19 in Victoria has brought renewed discussion of whether Australia should maintain its current "suppression" strategy, or pursue an "elimination" strategy instead. But what do these terms actually mean, and what are the differences between the two? Read more: A...

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AF Legal to establish South Australian footprint with Adelaide office

AF Legal to establish South Australian footprint with Adelaide office

Australian Family Lawyers (ASX: AFL) has today announced its third regional expansion since its June 2019 IPO, with plans to set up a South Australian operation based in Adelaide next month. The company recently set up shop on Queensland's Sunshine Coast with two offices in Maroochydore and Caloundra in June, following a Canberra...

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Michael Hill sales plunge 61 per cent

Michael Hill sales plunge 61 per cent

A staggered reopening of stores in May was unable to help Michael Hill (ASX: MHJ) claw back an $81 million decline in sales due to closures in response to COVID-19. The $52 million revenue figure for the fourth quarter represents a 61 per cent decline year-on-year, following on from an 11.9 per cent drop in the third quarter whe...

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Rapid COVID-19 detection test sends AnteoTech shares soaring

Rapid COVID-19 detection test sends AnteoTech shares soaring

Technologies developed in Brisbane and Melbourne may contribute to a new 15-minute test for COVID-19, harnessing nanocoating to speed up results for saliva and blood tests. Brisbane-based AnteoTech (ASX: ADO) has successfully developed a proof-of-concept in-house for two types of tests - one for antigens with swab samples from the no...

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Management exit deal signals "brighter future" for Blue Sky spin-off BAF

Management exit deal signals "brighter future" for Blue Sky spin-off BAF

Blue Sky Alternatives Access Fund (ASX: BAF) shares rose 6 per cent this morning after the company announced it had signed agreements to transition management to Wilson Asset Management (WAM). Shareholders in the fund are expected to vote on the matter at an extraordinary general meeting (EGM) to be held in early September. BAF is cur...

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Helloworld plans $50m raise to ride out COVID-19 turbulence

Helloworld plans $50m raise to ride out COVID-19 turbulence

Travel agency Helloworld (ASX: HLO) has today announced a $50 million equity raising to help cope with industry disruption, as bookings are expected to remain at 10-12 per cent of pre-coronavirus levels. CEO Andrew Burnes and executive director Cinzia Burnes will throw $5 million into the bargain, with the raising aimed at providing ...

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NT won't "roll the dice" on visitors from Sydney, travellers to be quarantined

NT won't "roll the dice" on visitors from Sydney, travellers to be quarantined

Visitors arriving in the Northern Territory from Sydney will need to enter quarantine at their own expense for two weeks, as the Territory Government responds to an emerging COVID-19 cluster in the NSW capital. The tough decision has been made ahead of the NT's scheduled reopening to much of the country this Friday, for which Victoria...

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Zip Co seals record quarterly revenue

Zip Co seals record quarterly revenue

Zip Co (ASX: Z1P) CEO Larry Diamond (pictured) says the fintech's business model has proved "extremely resilient" through the COVID-19 pandemic, achieving record revenue of $46.4 million in the fourth quarter of FY20. This represents a 72 per cent year-on-year rise, compared to a 91 per cent jump in revenue overall for the f...

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Afterpay taps Apple Pay and Google Pay for in-store transactions

Afterpay taps Apple Pay and Google Pay for in-store transactions

In a sign of Afterpay's (ASX: APT) growing success in the United States the buy-now pay-later (BNPL) giant has linked up with Apple Pay and Google Pay for in-store payments. The deals will allow Afterpay's users in the US to buy items in-store simply by tapping their Apple or Android phones at the POS terminal, removing yet anothe...

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Shine launches class action against Westpac over alleged "rip-off" car loans

Shine launches class action against Westpac over alleged "rip-off" car loans

Class action law firm Shine Lawyers (ASX: SHJ) has launched a class action against Westpac (ASX: WBC) and its subsidiaries, alleging the bank and car dealerships ripped-off customers with dodgy loans. The class action alleges so-called 'flex commission loans' unfairly rorted customers through a scheme that has since been banned by...

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Australia's preparedness for autonomous vehicles on the right track

Australia's preparedness for autonomous vehicles on the right track

Preparedness for the introduction of autonomous vehicles (AVs) in Australia has improved over the last year, but more can be done to engage the public about the advantages of the technology according to a new report. KPMG's report, the 'Autonomous Vehicle Readiness Index', ranks 30 countries on 28 key indicators of AV prepared...

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New COVID-19 restrictions for NSW venues, SA to maintain border closure

New COVID-19 restrictions for NSW venues, SA to maintain border closure

Venues in NSW will have to comply with more stringent COVID-19 restrictions in the wake of the Crossroads Hotel outbreak, including capacity limits and the employment of a COVID-safe marshal. It comes as the outbreak of COVID-19 from the Crossroads Hotel worsens, with 10 of today's 13 new confirmed cases in NSW connected to that outbr...

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QLD names two NSW locations COVID-19 'hotspots', proposes jail time for breaching health directions

QLD names two NSW locations COVID-19 'hotspots', proposes jail time for breaching health directions

Two areas in NSW have been named COVID-19 'hotspots' by Queensland Health this morning as the outbreak from the Crossroads Hotel begins to cause concern. The town of Campbelltown and the Sydney suburb of Liverpool have been declared as COVID-19 hotspots, meaning from midday today any person returning to Queensland that has been to...

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MGC Pharma receives cannabis research permit for cancer testing

MGC Pharma receives cannabis research permit for cancer testing

One of Australia's top cannabis companies has today received a Cannabis Research Cultivation Permit, allowing the company to commence testing the effects of cannabis on cancer cells. MGC Pharma (ASX: MXC) will now be able to proceed with botanical research projects in collaboration with RMIT University which includes cultivating and b...

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Victoria - are you up for elimination?

Victoria - are you up for elimination?

Victoria is the unlucky state in a very lucky country, where all other states and territories (with the possible exception of NSW) have achieved COVID-19 elimination. A great achievement. It means those states and territories can go about life near normally, with an economy ticking along nicely. But Victoria is stuck in suppression ...

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Estia Health confirms COVID-19 outbreak at Melbourne aged care facility

Estia Health confirms COVID-19 outbreak at Melbourne aged care facility

Aged care operator Estia Health (ASX: EHE) has confirmed 13 residents at its facility in Ardeer, Melbourne have tested positive for COVID-19. The company says it is working closely with the Victorian Department of Health to manage and monitor the situation. The outbreak makes up a fraction of the 177 new cases of COVID-19 confirmed in...

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The Star Sydney confirms patron tested positive for COVID-19

The Star Sydney confirms patron tested positive for COVID-19

A patron who visited The Star Sydney on Saturday 4 July has returned a positive test for COVID-19, but the casino will remain open. The operator of the casino and resort The Star Entertainment Group (ASX: SGR) confirmed the positive test this afternoon, explaining that the person attended The Star Sydney on 4 July from around 7:30pm to 10...

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