Business leaders are urging the government to target a 25% reduction in red tape costs over the next five years, aligning with a Productivity Commission recommendation and similar calls from UK leader Keir Starmer. The Business Council of Australia (BCA) highlights the substantial compliance burden, estimated at over $110 billion annually, and suggests measures like a dedicated minister for regulation and harmonizing laws across jurisdictions.
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Murdochs reach deal to resolve succession fight
Lachlan Murdoch has secured a $3.3 billion deal to control the family's media empire, ensuring it remains conservative post-Rupert Murdoch's death, while his siblings receive $1.1 billion each for their shares. This agreement resolves ongoing litigation over the family trust and establishes a new trust that guarantees Lachlan's leadership until at least 2050. Want More Context? 🔎
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