Oil prices fell by more than a dollar on Monday to near their lowest levels since 2009 after Morgan Stanley cut its price forecast for Brent, saying oversupply will likely peak next year with OPEC deciding not to cut output.

The financial planning industry is set for a massive overhaul of its education standards, level of professionalism and ethics.

Santa may come early for shoppers if the department store chains decide to bring forward their end-of-year clearance sales after weeks of patchy trading

Qantas shares surge after the airline flags a pre-tax underlying profit of $300 million to $350 million for the December half, helped by cost cuts and lower fuel costs.

The success or failure of the Murray inquiry's recommendations will depend on the government, the industry and the regulator’s appetite for change.