Fast-growing Melbourne payments company PromisePay is ramping its growth plans in the global platform economy.

Queensland's books are expected be back in black within the next four years, with Treasurer Cameron Dick predicting the state will return to a $153 million surplus by mid-2025.

The Australian share market closes just a few points lower after retreating from record highs. The Australian dollar rose above 65 US cents as the greenback fell against other major currencies. 

Documents show the Victorian government said changing suppliers would lead to cost blowouts and delays.

New Zealand’s competition watchdog has cited areas of overlap from a Fairfax-APN merger.