New infection frontier as COVID-19 wreaks havoc upon business

By Forum member Darren James, Partner, Commercial Disputes, Mills Oakley Many people have already been severely affected by the public health emergency caused by the novel corona virus (officially designated as COVID-19),. Our thoughts and prayers go out to the families of the 3,400 people who are reported to have died following COVID-19 infection. Quarantine…

Vital Signs: Australian and US rate cuts underline seriousness of the coronavirus crisis

By Richard Holden, Professor of Economics, UNSW This week the Reserve Bank of Australia did something everyone expected and the US Federal Reserve did something almost nobody expected. Both are revealing. At its monthly meeting Australia’s central bank cut official interest rates by 25 basis points to a record low of 0.5%. The Fed cut…

Economic growth near an end as Treasury talks of prolonged coronavirus downturn

By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of “at least” 0.5% in the first quarter of this year, potentially followed by a “prolonged downturn”. If it came to pass,…

Vale Holden: how America’s General Motors sold us the Australian dream

Jack Fahey, La Trobe University General Motors has announced the Holden brand will be “retired” in 2021. This week’s announcement has been a long time coming. The Holden brand has been in a state of terminal decline since General Motors ceased local manufacturing in October 2017. A once-dominant presence in the everyday life of Australians,…

NW Tasmania fish food factory to begin commissioning next month

The BioMar Australia aqua feed mill in Tasmania’s north-west is on schedule to open in April, according to the company, with the site to employ 55 and have an annual capacity of 110,000 tonnes. The Advocate reports that commissioning at the Wesley Vale site is expected to begin “dry commissioning” in February, running machinery and…