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Queensland to start relaxing restrictions on 16 May

Queensland to start relaxing restrictions on 16 May

Queenslanders will only have to wait until Saturday week before they can dine in at restaurants or have a beer at the pub, although only 10 people will be allowed in any venue at a time unless you're in an outback area where the limit is 20. Following the Prime Minister's announcement of a three-part plan that aims for the vast ma...

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Outdoor dining, regional travel, and auctions allowed in SA from Monday

Outdoor dining, regional travel, and auctions allowed in SA from Monday

South Australia will embark on its own roadmap for easing COVID-19 restrictions from Monday, allowing residents to return to a sense of normality in the State. Restrictions will be lifted in three tranches in-line with the National Cabinet's guidelines announced today. Premier Steven Marshall (pictured) says SA will return to a CO...

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National Cabinet sets July end date for three-part full opening plan

National Cabinet sets July end date for three-part full opening plan

Australian Prime Minister Scott Morrison says we will "walk before we run" as part of a three-part plan to fully reopen the economy in July. Speaking this afternoon, the PM said the National Cabinet had agreed to the plan and a national framework to achieve a COVID-safe economy and society. Under the first step small caf&eac...

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Victoria to consider easing restrictions on Monday

Victoria to consider easing restrictions on Monday

Victorian Premier Daniel Andrews says he will consider easing COVID-19 restrictions in the state on Monday as per a three-part roadmap announced today by the Prime Minister. Andrews says he will be cautious and has likened the National Cabinet-approved roadmap as a "menu" from which he will pick and choose from for restrict...

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Events industry calls for conferences to be exempt from gathering restrictions

Events industry calls for conferences to be exempt from gathering restrictions

The Exhibition and Event Association of Australasia (EEAA) has called upon Federal and state governments to exempt business conferences and events from mass gathering restrictions. The industry body has also asked for clarification on an anticipated restart date for domestic events in the Australian market to get things back on schedule. ...

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An extra 100,000 loans deferred by Australian banks this week

An extra 100,000 loans deferred by Australian banks this week

Australian banks have deferred an extra 100,000 loans over the last week, bringing the total value of loans deferred to $200 billion. According to new figures released by the Australia Banking Association (ABA) half of the new deferrals were home loans. To date, Australian Banks have deferred 643,000 loans for customers, including 392...

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REA Group sees residential listings dip 33 per cent in April

REA Group sees residential listings dip 33 per cent in April

The operator of realestate.com.au has revealed social distancing measures related to COVID-19 have taken their toll on new listing volumes.  REA Group (ASX: REA) says during April national residential listings were down 33 per cent, with listings in Sydney down 18 per cent and 27 per cent in Melbourne. To mitigate expected losses...

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VGI Partners made "costly unforced errors" in volatile market

VGI Partners made "costly unforced errors" in volatile market

Hedge fund VGI Partners (ASX: VG1) only made a break-even return in the first four months of 2020 after its short selling positions were caught off-guard by massive market gains in April. The fund's short positions helped it achieve a 1.4 per cent positive return in March, compared to a negative return of 7.7 per cent for the MSC...

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Active cases fall to single digits as WA readies relaxation roadmap

Active cases fall to single digits as WA readies relaxation roadmap

More recoveries from COVID-19 in Western Australia means the state has just nine active cases of the virus, bringing the total down to single digits for the first time since the pandemic took hold. WA Premier Mark McGowan (pictured) told a press conference this morning a 29 year-old who recently returned from overseas has tested posi...

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Flight Centre's Melbourne HQ sold for $62 million

Flight Centre's Melbourne HQ sold for $62 million

The Victorian headquarters of embattled travel agency Flight Centre (ASX: FLT) have sold for $62 million today. Shakespeare Property Group, the property arm of boutique investment manager Prime Value Asset Management, has acquired the building on 436 St Kilda Road. Flight Centre says the $62.15 million sale will be completed in July 2...

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Vodafone-TPG merger passes final regulatory hurdle with FIRB approval

Vodafone-TPG merger passes final regulatory hurdle with FIRB approval

Two of the largest internet and mobile phone services providers in the country are now one step closer to merging, following approval from the Foreign Investment Review Board (FIRB). In February the Federal Court approved the fusion of TPG Telecom (ASX: TPM) and Vodafone Hutchison Australia (VHA), dismissing concerns from the co...

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Tammy Hembrow's latest clothing range for kids sells out in two minutes

Tammy Hembrow's latest clothing range for kids sells out in two minutes

Influencer, fitness guru, fashion designer and entrepreneur Tammy Hembrow (pictured right) is, by now, quite used to her fashion collections selling out. But surely even she was surprised to learn that her first children's clothing line called Saski Mini sold out in just two minutes when it launched yesterday. Hembrow's first ...

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NZ gears up for major easing of restrictions

NZ gears up for major easing of restrictions

After setting a global example with its strategy of "going hard and going early" to win the battle against COVID-19, New Zealand will soon make a big call on whether to ease a wide range of restrictions. NZ Prime Minister Jacinda Ardern has today outlined what an Alert Level 2 situation might look like, including a restart for b...

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CBA approves $555 million in SME loans

CBA approves $555 million in SME loans

More than 6,500 business customers hit by COVID-19 shutdowns have made the most of a government-backed SME loan scheme through the Commonwealth Bank of Australia (ASX: CBA). The bank has so far approved more than $555 million in new loans - which are 50 per cent guaranteed by the Federal Government - for small and medium businesses. ...

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Pop-up hospital may be answer to future pandemic needs

Pop-up hospital may be answer to future pandemic needs

A South Australian company has launched a portable isolation hospital for widespread medical emergency hotspots to treat patients with respiratory illnesses in the wake of the COVID-19 pandemic. Based in Adelaide, South Australia, Humanihut's 'Florey' isolation hospital has received expressions of interest from government clie...

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AusCann CEO resigns after 12 months on the job

AusCann CEO resigns after 12 months on the job

The head of one of Australia's leading medicinal cannabis companies AusCann Group Holdings (ASX: AC8) has announced his resignation today, citing personal reasons for the exit. Ido Kanyon joined the Perth-based company a year ago after previously working with Teva Pharmaceuticals in the United States, and has helped AusCann achie...

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Consumers expand online horizons and turn to Aussie brands

Consumers expand online horizons and turn to Aussie brands

A recent survey from the Boston Consulting Group (BCG) has found one in five Australians purchased at least one new category online over the past month, while the appetite for domestic brands is on the rise. BCG's 'Australian Consumer Sentiment Snapshot: Confidence, Nostalgia and Shifting Trust' shows the average number o...

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Victorian restrictions to stay in place as Cedar Meats cluster grows

Victorian restrictions to stay in place as Cedar Meats cluster grows

Restrictions on gathering in Victoria are unlikely to ease before Mother's Day as a cluster of confirmed COVID-19 cases from a meat processing facility continues to grow. The state confirmed 14 new cases of COVID-19 this morning, with 13 of the 14 tracing back to a growing cluster at Cedar Meats Australia. The new cases from Cedar...

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Queensland businesses exempt from payroll tax on JobKeeper payments

Queensland businesses exempt from payroll tax on JobKeeper payments

Businesses in Queensland will not have to pay payroll tax on Federal Government JobKeeper Payments as part of the State Government's latest fiscal relief initiative. The fast-tracked arrangements will ensure payroll tax assessments do not include JobKeeper payments and will provide Queensland businesses with effective relief of $360 m...

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From Rockmans to Katies, Mosaic Brands puts store reopenings on the table

From Rockmans to Katies, Mosaic Brands puts store reopenings on the table

After trial openings over the past week and an 80 per cent jump in online sales, a group that owns some of the biggest names in Australian fashion retail will start progressively reopening stores on Monday, 11 May. As the owner of Rockmans, Noni B, Millers, Rivers, Katies, Autograph, W.Lane, Crossroads and Beme, Mosaic Brands (A...

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Myer to reopen some stores in QLD, NSW in time for Mother's Day

Myer to reopen some stores in QLD, NSW in time for Mother's Day

Department store Myer (ASX: MYR) has announced seven stores in Queensland and New South Wales will reopen in time for Mother's Day this Sunday. In line with an easing of stay-at-home measures in Queensland, stores in Chermside, Carindale, North Lakes, Townsville and Toowoomba will be reopened as a trial from tomorrow. This wi...

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Former BOQ CEO Jon Sutton joins SendFX advisory board

Former BOQ CEO Jon Sutton joins SendFX advisory board

Within 18 months of resigning from Bank of Queensland (ASX: BOQ) for health reasons, finance industry veteran Jon Sutton is taking on a new challenge with Gold Coast-based foreign exchange payments startup SendFX. Co-founded by Ian Cragg and Paul Billing last year, SendFX's mission is to create a global banking network that uses cutti...

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WA records a week of no new COVID-19 cases

WA records a week of no new COVID-19 cases

Western Australian Premier Mark McGowan (pictured) has warned the state is "not out of the woods yet" after recording a week of no new recorded COVID-19 infections. "I'm pleased to say we've had zero new cases of COVID-19 overnight. That's now seven full days of cases which is amazing and incredible and ter...

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30 tonnes of South Australian produce en route to Asia

30 tonnes of South Australian produce en route to Asia

Producers in South Australia once again have a direct connection to Asian markets after the Federal Government re-established a pivotal trade route. More than 30 tonnes of SA produce, seafood, and meat are currently being transported to Asia under a new agreement with Singapore Airlines. The trade flight, established through the Feder...

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Amazon VP Pete Sauerborn takes on Catch.com leadership

Amazon VP Pete Sauerborn takes on Catch.com leadership

A former executive at US e-commerce giant Amazon has been appointed as the managing director of Catch.com. Pete Sauerborn (pictured) will take the reins at Wesfarmers (ASX: WES) owned Catch, bringing with him two decades of experience in technology and retail. Catch sits underneath Wesfarmers' department store division Kmart Group...

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GoDaddy confirms customer information was accessed in data breach

GoDaddy confirms customer information was accessed in data breach

An undisclosed number of GoDaddy customers have had their information accessed in a data breach dating back to October 2019 which has been traced to one unnamed individual.  The breach saw the login information of customers of the US website domain registrar giant accessed, but GoDaddy says it has no evidence any files were added or ...

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View from The Hill: Juggling the curves as we ease the COVID restrictions

View from The Hill: Juggling the curves as we ease the COVID restrictions

With the COVID case curve currently close to the floor, Scott Morrison on Tuesday declared attention had to be directed firmly onto another curve. "Thousands of Australian lives have been saved, when you look at the experience of how coronavirus has affected so many countries around the world," he said in his update following na...

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CSL to use COVID-19 survivor blood donations in new treatment

CSL to use COVID-19 survivor blood donations in new treatment

Australian biotech giant CSL (ASX: CSL) has commenced development of an anti-SARS-CoV-2 plasma product that will use the antibodies of recovered COVID-19 patients to treat future cases of the coronavirus. The product will be developed at CSL's manufacturing facility in Broadmeadows, Victoria, and has a working name of COVID-19 Immunog...

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Uptick in store reopenings at Vicinity Centres

Uptick in store reopenings at Vicinity Centres

One of the country's leading shopping centre owner-operators has seen more than 500 stores reopen nationwide over the past week as visitor numbers improve. Vicinity Centres (ASX: VCX) CEO Grant Kelley says the retail environment remains unstable and management expects challenging conditions to persist for at least the next 12 mon...

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PM places Trans-Tasman travel on level footing with long-haul interstate routes

PM places Trans-Tasman travel on level footing with long-haul interstate routes

Trans-Tasman travel "is something that will sit alongside when we're seeing Australians travel from Melbourne to Cairns," according to Prime Minister Scott Morrison. This statement identifies both Morrison's and New Zealand PM's Jacinda Ardern's eagerness to reconnect our two economies. Plus, it could mean th...

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