The Greens and Labor in the Senate have blocked the Federal Government’s proposed changes to the Murray-Darling Basin Plan.

The changes would have reduced the amount of water being returned to the environment in Queensland and New South Wales and instead seen that water used for further supplying irrigation farming.

The move by the Senate could jeopardize the fragile political agreements that make up the Murray-Darling Basin Plan with New South Wales and Victorian governments from both sides of politics threatening to pull out of the plan.

Despite personal claims to be worth near $4 billion, Queensland money magnet and former Federal politician Clive Palmer says he won’t reopen Queensland Nickel’s plant if the company’s liquidators win a submission to freeze $200 million of his assets.

Amongst those hardest hit by Telstra’s most recent dividend slash are around a million, mum, dad, and self-funded retiree investors.

The teleco reported a 5.8 percent fall in net profit to $1.7 billion this year, which translated to more than a quarter cut to December’s dividend passed on to domestic investors.

The reduction in profit comes after the company’s US video arm Ooyala maybe significant losses throughout the year due to quoted ‘non-cash impairments’.