An Australian judge has fined telecommunications giant Optus $66 million for unconscionable conduct under consumer law.

Australia’s re-elected Prime Minister Anthony Albanese on Sunday was greeted by well-wishers at a Sydney café and said the country had voted for unity over division.

An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media.

Australian Treasurer Jim Chalmers will become the first government minister from Australia in that key economic role to visit China in seven years.

The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as persistent inflation will sink the country into deeper debt.

A meeting of finance chiefs of the Group of 20 leading economies has ended without a consensus, with Russia and China objecting to the description of the war in Ukraine in a final document.

Australia’s central bank has boosted its benchmark interest rate for a seventh consecutive month to a nine-year high of 2.85%.

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%.

Australian inflation is rising farther, according to new data that increases the likelihood of the central bank next week hiking interest rates for a fourth consecutive month.

Australia’s government has presented a range of economic measures such as halving the tax on gasoline in a bid to help cushion the impact of rising prices and win votes at elections due by May.