The richest 1 per cent of Australians have become less well off in the past eight years, while net wealth in the bottom 10 per cent of households has continued to grow, according to the Melbourne Institute's Hilda survey report.
Prime Minister Malcolm Turnbull has promoted little-known Queensland Nationals Senator Matt Canavan to a cabinet position as resources minister, with Josh Frydenberg moving from that role to the portfolios of energy and environment.
Treasurer Mike Nahan has said encouraging private investment in the Pilbara electricity grid could reduce its excess capacity and also energy prices in the north west, at a Committee for Economic Development of Australia lunch today.
The state government plans to cancel a new environmental review of the controversial Roe 8 highway extension project after winning a legal appeal today, but it remains unclear when contracts for the project will be awarded.
The state government has flagged the possibility of a broad inquiry into the use of imported building materials after confirming today that roofing panels supplied by Chinese company Yuanda to Perth Children's Hospital contained asbestos.
Moving state government departments out of Perth's central business district into regional and urban centres will have social benefits, according to Environment Minister Albert Jacob, as the government announced today the shift of 800 staff to a Primewest development in Joondalup.
Construction Forestry Mining and Energy Union WA assistant secretary Joe McDonald was among 29 union representatives fined a total of $61,000 for unlawful industrial action at Lakeside Joondalup in 2014.
A government body has slashed its 2017 iron ore price forecast by nearly 20 per cent on expectations of slowing demand growth in an oversupplied market, underlining the threat to the federal government's finances.
Malcolm Turnbull will be returned as prime minister, according to renowned election analyst Antony Green, as postal vote flows strongly favour the coalition parties and three lower house independents have offered him supply and confidence.
There's a one in three chance the Commonwealth government's credit rating could be downgraded within the next two years, according to Standard & Poor's, a move which would be expensive for taxpayers and may have flow on effects for other borrowers.