Virgin Australia is expected to announce the airline will go into voluntary administration, with Deloitte tipped to help the company restructure about $5 billion in debt and pay off its creditors.

Australia's troubled second airline, which saw its cash flow collapse because of tough coronavirus travel restrictions, appoints accounting firm Deloitte to act as administrator after the Federal Government rejected calls to bail it out.

Police and paramedics are at the scene of a fatal industrial accident at Truro north of Adelaide, where a man has been killed.

Virgin Australia's potential collapse has left staff scrambling for jobs, as tourism and aviation industries prepare for the threat of major player leaving the market.

Reserve Bank governor Philip Lowe warns Australia's unemployment rate is likely to hit 10 per cent by June, and even though Australia will recover, the coronavirus emergency "will cast a shadow over our economy for some time to come".

Australia will buy fuel from the US at historic low prices to bolster its national stockpile, after criticisms that the Government only holds about 30 days' worth of fuel in domestic storage, far below the 90-day minimum.

The tourism industry warns if Virgin Australia collapses it could deliver a knockout blow to many WA businesses who were already on their knees as a result of coronavirus.

As Australians stay at home, and with many bricks and mortar stores closed, more of us are shopping online, placing a huge strain on the postal service.

Australia is ratcheting up pressure on China to look into the health risks associated with wildlife wet markets as the world continues to battle the deadly spread of the coronavirus pandemic.

The future of Australian aviation is crucial for the wider tourism sector, which is already bleeding because of recent travel bans initiated to stop the spread of COVID19.

An Australian-made ventilator that costs a tenth of the price of existing models is brought to life in just four weeks, which could revolutionise intensive care capability in the fight against COVID-19.

The Victorian Government announces a proposal for a 101-storey building is one of four to be approved amid moves to fast-track development in the wake of the coronavirus pandemic.

An Australian company that's set to own the world's largest privately operated rocket test range says the Australian space industry is well protected from the economic downturn caused by COVID-19.

A union for call centre workers in the Philippines claims staff have been sleeping in the office in potentially unsafe conditions to help Telstra and Optus customers, despite the risk of the coronavirus.

Almost a quarter of Australia's fashion labels believe they will never recover from the coronavirus hit — but some are adapting and finding new ways to make money, and a new way of doing business.

Australia's second-largest bank says its upcoming results will suffer a massive hit due to COVID-19, on another volatile day for the ASX.

Small businesses in Tasmania struggling to survive amid the coronavirus crisis call for clearer messaging from authorities, saying there is no point trading if customers are too nervous to leave home.

A confidential report commissioned by the Department of Defence predicted medical shortages, panic-buying and mass job losses a year before the COVID-19 outbreak.

Funeral insurer Youpla, slammed by the banking royal commission in a previous brand iteration for misleading Indigenous customers, has now been denied a licence to provide financial services and prevented from signing up new customers.

Commonwealth Bank customers could end up paying tens of thousands of dollars more on their home loans because of changes to repayment levels, a financial expert warns.

Victoria's total of COVID-19 cases rises to 1,361, as Chief Health Officer Brett Sutton reveals authorities are investigating three cases linked to a Melbourne aged care facility.

The major miners, energy and bank stocks led heavy selling on the Australian share market, which closed 5 per cent lower as selling accelerated in late trade.

Children in SA will soon be able to return to playgrounds and in NSW, real estate watchers could be heading to open homes and auctions as soon as next weekend, as some state governments announce further easing of restrictions. These are the key coronavirus developments from today.

Some are warning Australia's television industry is facing a crisis that could affect how much viewers pay for entertainment in the future, and whether the kinds of shows that have been hits in the past will continue to be made.

Westpac joins ANZ in deferring its interim dividend as it braces for the financial impact of COVID-19, but mounting issues around money laundering and tax reporting may cost it almost as much.

The financial regulator has asked ME Bank to explain why it has taken cash from accounts linked to its customers' home loans to reduce the risk of mortgage default.

Up to a million Australians may have lost their jobs since social-distancing measures to limit the spread of COVID-19 ramped up, new ABS data suggests, while the Reserve Bank expects the economy to take a 10 per cent hit.

Norfolk Island is the only place in Australia you can dine in a cafe and gather outdoors with 50 people.

A peak industry body says South Australia's 12-day stretch without any new coronavirus cases has created a "high level of expectation" that pubs will reopen.

Are you a business that wants to reopen on May 15? The Government has released the COVID-19 Safety Plan checklist you must complete before doing so.

US meatworks have been epicentres for coronavirus outbreaks and shutting them down has disrupted the supply chain. But Australia is set up differently.

A major redevelopment was hoped to revitalise WA's historic port city, but the coronavirus pandemic has instead left businesses empty with workers, tourists and locals forced to stay away.

Premier Daniel Andrews says his Government will explain changes to the state's coronavirus restrictions on Monday, after the National Cabinet agrees to a three-step process of lifting restrictions to create a "COVID-safe economy".

The rate of new homes being built in WA falls to a historic low, as the housing industry is hit by the economic fallout from the coronavirus pandemic just after it was emerging from a five-year slump.

SA's Premier announces a sweeping repeal of many of the state's current coronavirus restrictions, with outdoor dining at restaurants and cafes to resume from Monday — but caps on gatherings will remain.

After thousands of customers reported missing money from mortgage redraw facilities, the bank apologises for not communicating with customers and promises to do better.

A Sydney home sold just before COVID-19 restrictions came down in NSW for $200,000 more than a similar house around the corner — a real estate agent says online auctions are to blame for the price difference.