business

Financial services company Netwealth has agreed to pay more than $100 million to more than 1,000 clients who invested in the failed First Guardian super fund through its platform. Source link

Optus has released a much-anticipated review into September’s network failure that left hundreds of people unable to reach Triple Zero (000) and was linked to two deaths. Source link

The chief executive of Perth-based oil and gas producer Woodside, Meg O’Neill, resigns from the company effective immediately in order to take up the same role at BP. Source link

Malyangapa Baaka Wiimpatja artist Leroy Johnson says the axing of an arts grant, which he is the last recipient of, has left the Broken Hill arts community feeling unsupported.  Source link

The Victorian government approves two companies to drill deep underground exploration tunnels amid a gold “renaissance” driven by high gold prices. Source link

Talison Lithium rules out reopening a century-old rail line from the world’s biggest lithium mine, despite ongoing complaints about truck traffic and dust. Source link

Thought to be 500 years old, a 70-metre-tall spotted gum is almost hidden in the middle of a South Coast state forest. Conservationists want the “world champion” tree and the forest it lives in recognised and celebrated. Source link

US President Donald Trump’s move comes a week after the United States seized a sanctioned oil tanker off the coast of Venezuela. Source link

The move clears the way for businesses to seek compensation from the NSW government after the project hampered traders in the city’s CBD for four years. Source link

Major bank economics teams are rushing to change their cash rate calls ahead of next year. The ASX drops for its third straight day as it follows a mostly negative session on Wall Street, while the price of oil has drops to its lowest level in four years. Source link