Australia's corporate regulator has cancelled the registration of 440 self-managed superannuation fund auditors after they failed to meet competency standards.

Telstra chief executive David Thodey has backed the federal government’s latest plan to tackle illegal downloading, which gives internet service providers 120 days to propose a code of conduct.

The corporate regulator has warned Australian cryptocurrency companies that they will be held to the same standards as traditional finance companies.

The regulator has two months to decide who it wants to upset more: News Corp, or Google and Facebook

Woolworths staff are squeezing a further $70 million from suppliers by the end of the year, as the company scrambles to meet profit guidance and avoid its first downgrade in almost 16 years.