Miners pay $49b in tax; RBA says cost-of-living crisis is over; PNG-Australia treaty signed

Friday 3 October 2025

The big miners pay most in corporate tax but a bunch of companies, including Optus, Virgin Australia and CSL, have paid zero. 

• The RBA says the cost-of-living crisis is almost over. 
• PNG becomes just the third country to sign a treaty with Australia.
• Elon Musk’s wealth pushes above half a trillion US dollars
• Two of the major record labels, Universal and Warner, are close to agreeing on how AI treats music.

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