Finance
āThat is progressā: optimism as wages climb again
17 August
Real wages have not gone backwards for the first time in three years. The wage price index, released by the Australian Bureau of Statistics on Tuesday, rose by 0.8 per cent in the June quarter. This compares with the consumer price index ā a...[Read More]
Reserve Bank minutes outline reasons for rate hold
16 August
RESERVE BANK BOARD MINUTES * Members agreed that the argument to leave the cash rate unchanged at this meeting was āthe stronger oneā. * They noted recent information on inflation had been encouraging, and the economy was expected to grow only...[Read More]
Consumer sentiment softens as businesses seek lifeline
16 August
Consumers are tightening their belts as living costs and interest rates rise, putting pressure on small businesses. A Commonwealth Bank of Australia report launched on Monday showed consumer spending growth declining nationally to 1.3 per cent in...[Read More]
Sweet tooth tax could cure hip pocket pain: dentists
16 August
A tax on sugary drinks would reduce their consumption and help fund targeted schemes to improve oral care for vulnerable Australians, the dental association says. In its submission to a parliamentary inquiry examining access to dental services in...[Read More]
Tax loopholes are āstealing from next generationā
16 August
Tax loopholes that benefit multinational companies in Australia are āstealing from the next generationā, prominent unions have warned. The Community and Public Sector Union told a parliamentary inquiry into multinational tax avoidance that many...[Read More]
Lid on exports leaves nation with huge wine hangover
16 August
Australiaās glut of wine will continue for some years with more than 2.8 billion bottles in storage, a report has found. Even in a best-case scenario, with the removal of Chinese tariffs and a recovery in sales to the region, it would take at...[Read More]
Signs your loved one will benefit from living in an aged care home
10 August
Caring for someone in an aged care home can be a challenging and emotional experience, but itās important to remember that you still have an essential role to play in supporting your loved oneās care. Here are some key points to consider to help...[Read More]
Maximising the value from your Financial Adviser
10 August
Navigating the complex financial landscape is challenging. However, with the right Financial Adviser, you can optimise your investments and ensure a secure financial future. By understanding how clients often perceive missteps in their...[Read More]
Oliverās insights ā recession versus goldilocks, five reasons why we could still avoid recession
10 August
Key points ā Rapid monetary tightening points to a high risk of recession and, given lags in the way it impacts the economy, just because it hasnāt happened yet does not mean it wonāt. ā However, a combination of falling inflation, a lack...[Read More]
Records you need to keep for tax purposes
9 August
Records you need to show a payment or expense, the format to keep your records in, and how long to keep them. What is a record? Records are written evidence of your income or expenses, these can be either paper or electronic. You need to keep...[Read More]
Lingering price pressures plaguing businesses
9 August
The cost of running a business has jumped, as have the prices firms are charging, suggesting the inflation challenge still has some fight left in it. A survey of businesses conducted by the National Australian Bank recorded a sharp uptick in both...[Read More]
Uni body warns $7b at risk without more graduates
9 August
Universities have warned the national economy could be billions of dollars worse off if the rate of tertiary degrees remains stagnant. New modelling shows a cost to the economy of $7 billion by 2026 if university attainment levels donāt...[Read More]
Competition heavyweight to head up price-gouging probe
9 August
A former consumer watchdog boss will dig into the thorny issue of big business price gouging via a union-backed inquiry. Esteemed economist and the former Australian Competition and Consumer Commission chair, Allan Fels, has been given the task of...[Read More]
Motorists paying more for fuel as oil supplies tighten
9 August
Motorists are paying more for petrol as wholesale prices keep upwards pressure on rates charged at the pump. Fuel prices have largely stabilised after conflict in Ukraine sent petrol soaring above $2 a litre last year, prompting the former coalition...[Read More]
Up to 250,000 workers could get electric car discount
9 August
As many as 250,000 Australian workers could unlock significant electric vehicle discounts after a change to small business software that will automate car leases. The change, from accounting platform MYOB, could help more than 100,000 businesses...[Read More]