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NEED TO KNOW

Economy

The Treasurer's foreign investment streamlining reforms have a steep hill to climb given the size of ATO and Foreign Investment Review Board (FIRB) approval delays.

LPI (Australia) Holdings was forced to revise its financial reports for not consolidating an overseas entity after ASIC announced an expanded audit and financial surveillance agenda.

In a fiery teardown of the ACTU’s proposed award hikes, Ai Group CEO Innes Willox has called for wage increases to be mindful of budgeted income support.

Tonight’s budget will contain restrained spending and form part of the solution to driving down inflationary pressures, according to Jim Chalmers.

Thanks to a handful of billion-dollar-plus transactions, the average value of mid-market M&A deals this year is markedly higher than last year – though the number of deals is down.

Despite widespread agreement on the benefits of climate financial disclosure rules, critics of the government’s proposed approach are an increasingly broad church.

Expectations that the EU’s sustainability reporting rules will become the market favourite are leading accountants to get their organisations to comply.

The Senate committee’s final report puts sector-specific divestiture powers, a federal competition commission, and a reverse merger approvals test back on the table.

The OECD has prescribed restrictive monetary policy and productivity-enhancing policy measures to boost Australia’s medium-term economic growth.

The corporate regulator has expanded its approach to greenwashing compliance to consider problematic governance frameworks, adding that financial services “gatekeepers” should be on notice.

Industry groups have doubled down on their opposition to the government’s push for an inflation-geared wage hike following a disappointing March quarter.

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