Schools building was costed over a week

The department of finance had just a week to assess the initial costings of the Rudd government’s schools building program, a Senate hearing has been told. The cost of the Building the Education Revolution program originally was estimated at $14 billion, but...

NBN uncertainty already priced in for Telstra

A lot of the potential bad news that could affect Telstra shares appears to be already priced in, according to a major shareholder in the telecommunications giant. Future Fund general manager Paul Costello told a Senate hearing yesterday that research by the fund...

Native Vegetation Inquiry – Report

Senator Ryan chaired the Inquiry into Native Vegetation Laws, Greenhouse Gas Abatement and Climate Change Measures holding public hearings across Australia and receiving over 300 submissions. To read the final report of the Committee, or for more information, click...

Sherry admits staying super was once a Labor promise

Assistant Treasurer Nick Sherry has admitted he once said staying the superannuation guarantee was a Labor election promise. As part of the federal government’s response to the Henry tax review last week, it proposed to gradually boost the money employers pay...

Questions Without Notice: Take Note of Answers – Budget

Senator RYAN (Victoria) (3:25 PM) —I am amazed by the gumption of the government. This government that has run up a level of debt that was unprecedented two years ago walked into the building yesterday and claimed credit for that debt being $50 billion less than it...