Good afternoon, Australia’s supermarket giants are supporting moves to make the food and grocery code of conduct mandatory for the country’s largest operators, but Woolworths wants the beefed up rules to be extended to other major retailers, including global heavyweights Amazon and Costco. It’s the change to the frequent flyer program Qantas had to make. With widespread frustration among the program’s 15 million plus members at the difficulty in using hard-earned points, Qantas realised that to achieve high levels of engagement and therefore profits, it needed to act. An unlikely coalition of public servants is making a last-ditch attempt to avoid being caught in the government’s new super tax for high earners, writes James Kirby. The Australian sharemarket closed slightly higher, with most sectors finding support, led by technology and utilities. The ASX 200 rose 0.2 per cent to 7,789.1 points on Monday, despite the energy sector falling 1.2 per cent. The broader All Ordinaries gained 0.2 per cent at 8,044.9. |