Builders in the multi-billion-dollar apartment sector are bracing for a potential wave of legal action amid fears that a cheaply imported, combustible aluminium cladding found to have fuelled a disastrous fire in Melbourne has been used in tens of thousands of complexes nationwide.
The plunge in the Australian dollar is supporting economic growth, with manufacturing, mining and tourism the main winners, according to a new research paper from JPMorgan.
Energy-intensive manufacturers have urged the Abbott government not to adopt aggressive post-2020 emissions reduction targets and have backed its direct action policy as desirable relative to the former Labor government's carbon tax.
Steelmakers Arrium and BlueScope Steel have urged the Abbott government to be vigorous in its crackdown on dumping and called on the senate to pass reforms to the anti-dumping system as a weakening Chinese economy raises the prospect of more cheap steel flooding oversupplied Asian markets.
The prospect of a "two-tier" company tax system flagged by Prime Minister Tony Abbott has fuelled confusion over who will pay what and threatens to undermine any political gain for the government arising from the announcement.