Finance Minister Nicola Willis says the change is expected to save the Government $209m over four years.
And British oil giant Shell to buy Canada’s ARC Resources for US$16.4b.
The Middle East war is adding $2.5m a month to the company’s costs.
Big tech is due to report this week, as job losses mount in the wake of the AI frenzy, and markets watch for ‘bang for buck’ in AI spend.
Forsyth Barr’s Aaron Ibbotson says global markets have largely powered through on the basis that the Strait of Hormuz will reopen ‘one way or the other’, while mega tech firms cull jobs.
Brothers Josiah and Sam Bugden see opportunity for international expansion but have hard decisions to make on funding and focus.
And Warner Bros Discovery shareholders approve US$111b takeover by rival Paramount.
The Law Association says the two-year transition structure is the most pressing concern.
ABC Business Sales’ latest quarterly M&A report says demand for small businesses is outstripping supply.
In case you missed it: News bites for the week.