Max Brenner Australia going into liquidation

Popular chocolate restaurant chain Max Brenner Australia has withdrawn the license for the business and was successful in having liquidators appointed.  

Creditors are currently owed $33 million, as earlier this month saw 20 of the 37 stores collapse into administration.  The Israeli-based head franchise requested the company to withdraw its license.

Over 700 former staff members  have made claims of unpaid superannuation payments, made before going into administration.

Chinese stocks fallen more than 30%

Financial analysts have observed a loss in Chinese stocks of more than 30% during 2018.

This $600 billion loss is blamed on the slowing of the economy, the increase in national debts as well as the impact of the ongoing trade war with the US.  

The trade war is seen by JPMorgan as having a 1% shrinking effect on the economy, alongside numerous Chinese companies seen as using their shares in the form of loan collateral.  These trends are predicted to continue going into 2019.

Labour plans to ensure protection of Opera House

The federal Australian Labor Party has provided plans to ensure the protection of heritage sites, including stopping the Sydney Opera House being used as a billboard.

The Environment Protection and Biodiversity Conservation Act ensures that the Commonwealth has a responsibility and interest in cultural heritage.

Labour spokespeople have ensured the plan won’t just be a ‘nice idea’.

Gun Industry Lobby plan to 'intervene' in elections

Corporate members of gun industry lobby group Shooting Industry Foundation of Australia (SIFA) set the intention to intervene in state and federal elections.

 

This plan would lobby for governments to be accountable for the decisions they make, with a proposed law to allow sports shooters access to high-powered guns, doubling the firearm licence period to 10 years, as well as allowing certain shooters to access silencers.  

 

Queensland MPs may face recrimination after abortion vote

Three Queensland Liberals - Tim Nicholls, Steve Minnikin and Jann Stuckey used a conscience vote in support of Premier Palazcuk’s abortion   decriminalisation bill.

The LNP council is expected next month to ban the three from seeking reelection.  

Moderates in the party are vocal in the view that recrimination about the three would “light the fuse” for a demerger push.