The Distillery: Fair trade

Jotters defend the ASX’s decision to let McMillan Shakespeare resume trading, saying the market was as informed as it could be about potential political contingencies.

Salary packaging company McMillan Shakespeare was torn asunder as Labor’s planned changes to fringe benefits for motor vehicles hit home. Should they have been allowed to commence trading again given that the changes will be thrown out the window if Tony Abbott becomes the next prime minister?

Also in this morning’s mixed shot from The Distillery, Orica boss Ian Smith raises the stakes and the country’s construction industry continues to struggle with companies falling left, right and centre.

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