Tennis Australia annual report shows $100 million loss due to COVID-19 restrictions, player quarantine for Australian Open

People wearing masks check their mobile phones after passing through gates at the Australian Open.

Tennis Australia sustained a net loss of more than $100 million in the 15 months around this year’s delayed — and COVID-19-affected — Australian Open, the body’s 2020-21 annual report showed.Key points:Tennis Australia emptied its cash reserves of $80 million and took a loan of $40 million due to the impact of COVID-19 on the … Read more

Australian Tax Office says it can’t rely on crypto users’ own records

Australian Tax Office says it can't rely on crypto users' own records

The Australian Tax Office (ATO) says it can’t rely on crypto investors to keep track of their crypto transactions and profits — even though most investors try their best. Speaking at the 14th International ATAX Conference on Tax Administration conference on Nov. 23, ATO commissioner Chris Jordan stressed that many new crypto investors may not … Read more

Australian PM’s legislative agenda threatened by division over COVID vaccine rules

Australian PM's legislative agenda threatened by division over COVID vaccine rules

Australia’s Prime Minister Scott Morrison gestures as he makes a statement at the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain November 1, 2021. Alastair Grant/Pool via REUTERS/File PhotoRegister now for FREE unlimited access to reuters.comRegisterCANBERRA, Nov 23 (Reuters) – Australian Prime Minister Scott Morrison’s legislative agenda came under risk on Tuesday after a … Read more

Craig Kelly awarded Australian Skeptics’ Bent Spoon gong for spreading Covid misinformation | Health

This year’s award for “the proponent of the most preposterous piece of pseudoscientific or paranormal piffle” has been awarded to the United Australia party MP Craig Kelly.The Australian Skeptics gave Kelly the “undesirable” Bent Spoon gong for spreading misinformation about Covid and vaccinations.In January, Australia’s chief medical officer, Paul Kelly, rebuked Kelly for advocating for … Read more

Victorian child becomes youngest Australian to die with Covid as NT cases rise | Victoria

A Victorian child under 10 has become Australia’s youngest person to die with Covid-19.Victoria reported 1,166 new coronavirus infections on Saturday and five new deaths, including the child. Victoria’s health department said the child had “other serious comorbidities”.Previously, 15-year-old Osama Suduh from south-west Sydney was the youngest known person in Australia to die with the … Read more

South Australian Premier Steven Marshall outlines COVID-19 requirements ahead of state border reopening

South Australian Premier Steven Marshall outlines COVID-19 requirements ahead of state border reopening

Fully vaccinated travellers from central Sydney and Melbourne will be allowed into South Australia when borders open on Tuesday, the state’s Premier announced today.Key points:Fully vaccinated travellers from Victoria and New South Wales will be permitted to enter SA from Tuesday, except for Byron BayAnyone entering South Australia will need to register their detailsExemptions can still … Read more

Bert Newton, a legend of Australian entertainment, farewelled at state funeral

Patti Newton touches the coffin following the State Funeral Service for her late husband Bert Newton

Bert Newton waited for his wife Patti to leave the room before taking his final breath.If she hadn’t left, he would not have been able to go.The story of Newton’s last moments, read from a letter penned by his daughter Lauren, was one of many emotional memories shared at the state funeral for the entertainment … Read more

BetaShares crypto company ETF smashes Australian records on opening day

BetaShares crypto company ETF smashes Australian records on opening day

Australian fund management company BetaShares’ new crypto company ETF smashed Australian Securities Exchange (ASX) records within the first 15 minutes of listing.The Capital Appreciation Portfolio Diversification (CRYP) fund enables investors to gain exposure to 50 pure-play listed crypto companies from around the world such as exchanges, mining companies and equipment firms. Some of the top … Read more

Liberal senator Gerard Rennick to withhold vote in protest against Covid vaccine mandates | Australian politics

Queensland senator Gerard Rennick will withhold his vote from the Coalition until the government stops supporting vaccine mandates and provides immediate assistance to people who have suffered adverse affects from Covid-19 vaccines.According to the Therapeutic Goods Administration, the protective benefits of Covid vaccines “far outweigh the potential risks of vaccination”, and serious side effects are … Read more

Australian regulator provides guidance for crypto-asset products

Australian regulator provides guidance for crypto-asset products

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar SuOct 29 (Reuters) – Australia’s corporate watchdog said on Friday that holders of underlying crypto-asset investment products would need a licence, as part of a new set of guidances it hopes would improve transparency and protect investors.Many … Read more

Australian pension fund considers crypto investment

Australian pension fund considers crypto investment

One of Australia’s largest pension funds has said it may make small investments in the cryptocurrency sector, in another sign that retirement vehicles are taking the digital asset space seriously despite the regulatory risks.Queensland Investment Corporation (QIC), which manages A$92.4bn ($69bn) of assets and is Australia’s fifth biggest pension fund, told the Financial Times that … Read more

Australian scientists fear job insecurity as morale plummets amid Covid, survey finds | Australia news

The coronavirus pandemic has had a stark impact on scientists, with widespread job insecurity, worker fatigue and plummeting morale prompting warnings many may leave the profession without more government support.An annual survey conducted by Science & Technology Australia and Professional Scientists Australia found an increase in staff fatigue in 71% of respondents – up from … Read more

Violent protests against Covid curbs continue in Australian city – Newspaper

Violent protests against Covid curbs continue in Australian city - Newspaper

SYDNEY: Police in Australia’s second largest city of Melbourne arrested more than 200 people after projectiles thrown by protesters injured two officers on Wednesday, the third consecutive day of demonstrations against Covid-19 restrictions. Golf balls, batteries and bottles were among the items thrown at police during the protests held in defiance of stay-at home orders … Read more

The great Australian holiday gamble: can we Covid-proof our travel plans? | Australia holidays

Travel is on the mind for many Australians at the moment, whether as a form of lockdown escapism, or an actual escape for those who aren’t currently stuck at home.But given how suddenly states can impose travel restrictions, and fluctuating caps on international arrivals, booking an interstate or overseas trip in the next year carries … Read more