Finance
Consumer prices to keep sinking from lofty peak
27 July
The pain consumers have been feeling at the checkout will be on display as official inflation figures land for the quarter. The June quarter consumer price index will form the centrepiece of the Reserve Bank’s next interest rate decision, with the...[Read More]
Budget’s $20b sugar hit won’t be shared with households
26 July
Australia’s books are likely to show a $20 billion surplus for the last financial year thanks to higher tax revenue from a strong labour market and booming commodity exports. But households should not expect extra cost-of-living relief as the...[Read More]
Worker influx could aid ‘softest of economic landings’
26 July
Finding staff remains a challenge but a surge in international arrivals has improved labour supply and could support the slowing economy. HSBC economist Paul Bloxham said the effect of reopened borders in late 2021 was still playing out and creating...[Read More]
Union wants super profits tax to pay for social housing
26 July
One of Australia’s most powerful unions wants a tax to be slapped on big businesses to pay for social and affordable housing. The CFMEU has called for a super profits tax to bankroll construction and solve the country’s housing crisis. National...[Read More]
Healthy outlook for global economy but risks linger
26 July
The global economy has made progress in the battle against high inflation but the International Monetary Fund warns it’s still too early to celebrate. In a fresh set of economic forecasts, the IMF shaved 0.2 percentage points off its expectations...[Read More]
‘Not impossible’: UK looks to British troops in Darwin
26 July
British soldiers based in Australia could be part of the next step to bringing the two military forces closer together. UK Armed Forces Minister James Heappey said stationing British troops in Darwin, where US marines have a presence, was “not...[Read More]
Why you may receive a tax bill
26 July
Common reasons you may receive a tax bill and action you can take to avoid a tax bill next income year. Your tax assessment The statement we issue that explains how your tax assessment is calculated is your notice of assessment (NOA). Your NOA...[Read More]
Aged care task force considers all funding options
26 July
Aged care could require more people to pay for themselves if they can as an expert task force considers funding options to secure the sector’s future. But Aged Care Minister Anika Wells promised no changes would be made without public consultation...[Read More]
Supermarket tricks for getting shoppers to spend more
26 July
Shoppers are being lured into spending more every time they walk through the supermarket gates as the cost of living crisis bites harder. Supermarkets are using mind tricks to coax customers into jumping for impulse purchases, University of NSW...[Read More]
Retirement Lifestyles – which one will you choose?
20 July
For a long time, it may seem like old age and retirement are faraway life events. However, like everybody else, you age every day, and it’s only a matter of time until you realise that you’ll be retiring in a couple of years. By that time, you...[Read More]
Leveraging Your Accountant or Adviser as a Mentor for Your New Business
20 July
Starting a business is an exciting yet challenging endeavor. As an entrepreneur, you need to navigate various systems and processes while minimising errors and maximising success. To gain a competitive edge and make informed decisions, establishing...[Read More]
Oliver’s insights – seven key charts for investors to keep an eye on, Where are they now?
20 July
Key points Shares are at risk of a short term pull back and volatility will likely remain high on central bank and recession risks. However, we remain reasonably upbeat on a 12-month view as falling inflation takes pressure off interest...[Read More]
First female RBA governor to bring ‘reform agenda’
20 July
The first woman to fill the role of Reserve Bank governor is expected to bring a reform agenda to the institution and outline a fresh set of goals. Michele Bullock starts as head of the central bank in September, replacing Philip Lowe. Ms...[Read More]
RBA governor stresses slow productivity at G20 talks
19 July
The federal treasurer and head of the central bank have singled out sluggish productivity growth as a major problem at key G20 talks. Speaking at a meeting with other finance ministers and central bank leaders, Reserve Bank of Australia governor...[Read More]
Outlook for economic activity slightly more upbeat
19 July
Prospects for Australia’s growth are looking slightly more optimistic, although a top economist warns of weaknesses. The economic outlook took on a brighter hue in June, according to several domestic and international data points tracked by...[Read More]