The Australian Competition Tribunal has overturned a decision by the competition watchdog to block AGL Energy from buying the New South Wales power assets of Macquarie Generation.

The tribunal says it will allow the $1.5 billion deal with some conditions.

More than $5 billion was invested in Australian clean energy last year but the sector has virtually ground to a halt owing to widespread anxiety over the government’s commitment to renewables, according to the industry body.

The Federal Government is pressing ahead with its plan to wind back Labor's financial advice laws aimed at protecting investors.

The Coalition has been under pressure over some of the controversial changes it flagged to the Future of Financial Advice (FoFA) reforms.

 

Tony Abbott might be our global coal ambassador but it appears he is increasingly out of step with the rest of the world, writes Mungo MacCallum.

Secret Trade in Services Agreement (TISA) - Financial Services Annex (from wikileaks)2014-06-19

Inside Snowden's Germany File

 

By SPIEGEL Staff

An analysis of secret documents leaked by Edward Snowden demonstrates that the NSA is more active in Germany than anywhere else in Europe -- and that data collected here may have helped kill suspected terrorists.

 

A report into the police handling of former treasurer Troy Buswell's series of crashes in his ministerial car has found "systemic failure at a number of levels".

 

Australia’s high court has upheld a legal challenge against federal government funding arrangements for the national school chaplaincy program.

From the less and less reliable Media Watch... Image above is an extract from the Telegraph

The story has allegations of...
Fraud.
Corruption.
Political slush funds.
And lying to a Royal Commission.

And tangled up in the middle of it is former Prime Minister, Julia Gillard, who in the 1990s was lover and lawyer to this man, Bruce Wilson.

He’s a former boss of the Australian Workers Union in Victoria and a man who could be charged with fraud, according to counsel assisting the royal commission.

On Friday, Wilson’s evidence to the commission was front page news in The Australian and the Telegraph.

Relentlessly, contrary to what Annabel assured us, the merde-och press scribes were pressing on with informing us we're all caught in a Twilight Zone Australian vortex, unlike 'em bunkered in Kippax street.

 

Tony Abbott has labelled himself a conservationist who believes humanity should “rest lightly on the planet”.