The managing director of a major lithium and iron ore company in WA is accused of tax evasion involving offshore companies.

Queensland's new LNP government has accused the former Labor administration of lying to the community about the cost and viability of a huge pumped hydro scheme which it has branded a "con job" and a "hoax".

A WA region dealing with the closure of the local timber industry hopes a new television pilot will share some hidden stories from the area.

The ASX has gained 0.6 per cent, while Westpac's profit has slipped and Mineral Resources founder and MD Chris Ellison has been forced to step down early. Look back at the day's events.

There's a good reason the price of orange juice has risen and supermarkets are not to blame.