Eight months after Octaviar shares were suspended from trading on the Australian Stock Exchange, and the company was rebranded from MFS, the troubled investor and funds manager has gone into voluntary administration.

The Rudd Government today launched its five-year, $512 million housing affordability fund in Canberra.

A Redspot is a location on the road network that makes motorists ‘see red’. It could be an intersection, a section of road, a railway crossing or a bus or tram stop where congestion is experienced. You might be driving a car or truck, riding a bike or motorbike, or catching public transport. Redspots cause delays and frustration to all road users.

Plans for a $180 million resort and convention centre on Phillip Island's central beach should be revealed by summer.