One Australian expert has warned mum and dad investors to brace for an extended stretch of uncertainty in global markets, as volatility becomes 'the new normal'.

The chairman of the Adelaide Crows AFL team will lead a $15 million investment fund to attract businesses to South Australia.

ASIC has warned sections of the finance sector to lift its game to prevent abuses of key benchmarks critical to the wider economy.

Financial services lawyer Ian McDermott says regulators should scrap Chapter Seven of the Corporations Act (the main financial services provisions) and start again.

Shadow assistant treasurer Andrew Leigh says the Australian Tax Office's (ATO) online tax lodgement system is lagging because of Abbott Government job cuts in the public service.

Nine men accused of running a multi-million-dollar public transport fraud ring in Victoria have been granted bail.

Figures show Australia's trade deficit narrowed in May, but the record trade deficit from April has been revised to be even wider.

The Australian Taxation Office (ATO) web tax filing service is struggling to cope with the EOFY influx.

Energy giant BP has agreed to a $US18.7 billion ($24.5 billion) settlement over the 2010 Gulf of Mexico oil spill.

The Climate Change Authority (CCA) says industry groups should not be concerned about aggressive reductions in greenhouse gas emissions unfairly harming energy-hungry industries.

Research shows one in seven New South Wales children are now living in poverty.

Saudi tycoon Prince Alwaleed bin Talal has promised his entire $US32 billion ($41.8 billion) fortune to charitable projects.

Two former Sigma Pharmaceuticals executives have pleaded guilty to falsifying accounts to inflate profits.

An odd coupling of business, union, environmental, investor and welfare groups has come together to push for action on climate change.

Treasurer Joe Hockey says Australia is lining up to become a founding member of the Asian Infrastructure Investment Bank (AIIB).

Authorities are warning that life insurance changes will cost financial planners as much as $250 million a year in lost fees and commissions.

The Federal Government has unveiled draft legislation to shake up corporate governance at superannuation funds.

There are strong signs that the Federal Government will soon commit to the controversial 12-nation Trans-Pacific Partnership, despite concerns it could be signing away its freedom.

Analysts at both ANZ and Goldman Sachs say the price of iron ore will drop by at least $US10 per tonne before the end of the year.

Rio Tinto’s iron ore boss Andrew Harding says the commodity will stay strong, but high-cost producers will not last long in the current market.

Australia’s Worley Parsons could be lining up to buy a Canadian engineering giant, despite it facing legal action over alleged bribery and corruption.

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