The Australian dollar has fallen to its lowest level in almost a year as traders continue to ditch the currency in favour of the US dollar.
May 17, 5:18 pmA lawyer says the Catholic Church and other organisations that contributed to child sex abuse problems should have to pay for the royal commission.
May 17, 5:10 pmLabor has launched an attack on the opposition's economic plans and is urging voters to re-engage in politics.
May 17, 5:06 pmThe Australian share market closed higher on Friday, led by mining stocks that rebounded after heavy selling in recent days
May 17, 5:01 pmThe NSW opposition is calling on Premier Barry O'Farrell to contact Tony Abbott and demand support for the education deal NSW signed with the PM.
May 17, 5:01 pm
An Anglican bishop on the New South Wales north coast has resigned over his handling of abuse claims at a children's home.
ABC - May 17, 4:57 pm
Four university researchers who were stranded on the hull of their upturned airboat in a remote billabong in Kakadu National Park were rescued unhurt by helicopter.
ABC - May 17, 4:57 pm
Coalition plans to cut the carbon tax cannot go ahead, says Climate Change Minister Greg Combet, outlining the subsequent budget black hole.
May 17, 4:56 pm
Prime Minister Julia Gillard has dismissed Gina Rinehart's claims that Australia's economy is following Europe's downward spiral.
May 17, 4:56 pm
A review of the Northern Territory Police resources says it is essential that at least 200 extra officers are recruited to general duties establishments.
ABC - May 17, 4:55 pmAustralian bond futures prices are higher following disappointing US economic figures, but spent the local session trading in a narrow range.
May 17, 4:39 pm
Opposition Leader Tony Abbott's decision to axe the carbon and mining taxes will leave him $26 billion short in revenue, says Labor.
May 17, 4:39 pmStocks of interest on the Australian Securities Exchange at close on Friday
May 17, 4:31 pm
A police search along the Victoria-NSW border for Australia's most wanted fugitive, Graham Gene Potter, has ended with two possible sightings discounted.
May 17, 4:29 pmThe Bishop of the Anglican Diocese of Grafton has apologised for his failings and says he is resigning over the way allegations of sex abuse were handled.
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