Victoria’s Labor government had signalled it was expecting to spend $40 million defending the suit brought by more than 1000 businesses.

Stablecoin payments platform KAST has raised $113 million in its Series A funding round from two US venture capital firms.

Ronalee Balog claims she was later illegally sacked despite being on maternity leave amid a souring relationship with her seniors at the asset management giant.

Treasurer Jim Chalmers is likely to miss out on a major revenue boost to his budget from surging oil and gas prices because of the government’s ineffective tax on windfall profits.