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Airlines and airports will be made to pay for unreasonable flight delays and cancellations under sweeping changes outlined in the federal government’s long-awaited aviation white paper, to be released today.

Meanwhile, top business leaders are warning the Albanese government faces a difficult task taming inflation, with persistent price pressures pointing to interest rates staying high for longer.

And the CEOs of some of Australia’s biggest companies have landed a financial windfall, with remuneration packages jumping nearly 20 per cent in the past fiscal year after a strong rise in bonuses and other incentives, according to annual reports.