The telecommunications industry and competition watchdog have been asked to help develop new conditions to stop Telstra getting unfair advantages from NBN Co following the completion of a new deal on Sunday.

The move by the banking regulator, the Australian Prudential Regulation Authority, to fire a shot across the bows of home lenders to curb riskier practices has two important ramifications.

The Organisation for Economic Co-operation and Development has taken aim at a raft of Australian budget measures, describing one as potentially unsustainable and another as needing close monitoring.

The superjumbo may not be around for long anymore, with airlines preferring smaller, more fuel-efficient planes and not placing a single order this year.

Qantas has reported its third consecutive month of growth in yields – or return on fares – as it benefits from a truce in the capacity war.