Xi Jinping said “great care” must be taken in managing the Australia-China relationship. The two leaders held talks on the sidelines of the G-20. Xi said China was ready to import more high quality products from Australia, while also noting the “twists and turns” in the relationship over the past decade. Super funds are being told to prepare for the retirement of an estimated 2.5 million Australians in the next decade. Treasurer Jim Chalmers is expected to unveil a raft of changes that include better retirement products and online resources. Separately, the industry regulator has put funds on notice regarding their handling of death benefit claims and Hesta, one of the largest funds, was ordered to repay more than 100,000 members over inadequate repricing of unlisted assets.
Thousands of protesters in New Zealand that included Māori warriors marched on the country's parliament to challenge a draft law they say would erode the rights of indigenous people. Top female executives in Australia make A$158,632 less than their male counterparts, new data from the Workplace Gender Equality Agency has found. Across the country, women earn 21.8% less than men. Gas giant Santos plans to build a carbon storage business that would bury 14 million tons of emissions annually by 2040 — equivalent to around half the pollution produced when customers burn its fuel. Tensions are rising at the COP29 climate conference in Baku, Azerbaijan. Meanwhile, Australia is seeking to host COP31 in 2026. BloombergNEF and the UNSW Institute for Climate Risk and Response discuss the latest from the climate talks, and why Australia needs to take the lead on climate action in the Pacific region. Watch Bloomberg TV’s Haidi Stroud-Watts and Shery Ahn on this week’s Australia Ahead segment here. |