The state government has backed down on controversial changes to gas mining approvals above critical underground water reserves, marking a policy reset following farmer pressure.
As Australia's median wealth climbs to third-highest globally, local entrepreneurs on Flinders Street are adapting to a wealthier customer base while navigating international regulatory pressures.
Local investors watched the benchmark index finish lower while oil climbed sharply, with direct read-throughs for resource holdings and Australian Retirement Trust balances.
Higher oil prices and firmer US indices create openings for local resources and infrastructure while Australian Retirement Trust members watch equity moves.
