Australian agriculture is expected to deliver an eye watering $80.4 billion of produce in the next year, the second biggest amount on record, while exports are forecast to be the highest ever. It comes despite producers continuing to face challenges over workforce shortages and inflated input...
A major business group fears the economy could be entering a “death spiral” of rising wages growth, inflation and interest rates following the Reserve Bank of Australia’s biggest cash rate hike in more than 20 years. Lifting the cash rate by 50 basis points to 0.85...
Coal-fired power stations need to come back online to help ease the nation’s energy crisis, Resources Minister Madeleine King says. Amid soaring gas prices due to supply issues, Ms King says an immediate step would be for power station operators “to get moving on fixing their...
The treasurer has written to Australia’s consumer watchdog to express his concerns about the impact spiking electricity and gas prices are having on households and businesses. Jim Chalmers asked the Australian Competition and Consumer Commission to advise the government on any regulatory changes required to ensure...
The Australian government and industry have been warned to increase their cyber defences against attacks linked to China. United States intelligence agencies issued an alert to allied governments on Wednesday about the targeting of major telecommunications companies and network service providers, and how to plug vulnerabilities. After...
Australians have handed over more than $205 million to scammers in the past four months but the true losses are set to be higher. While many are alert to scam telephone calls, the culprits have moved to SMS to catch unsuspecting people in their path. The majority...
Taxpayers who paid for a COVID-19 test for work-related purposes or bought their own PPE could be able to claim it as a deduction, the Australian Tax Office says. With the end of the financial year looming, the ATO expects COVID-19 will continue to impact tax...
Consumer confidence has taken a further turn for the worse in the past week as cost of living pressures mount, a situation set to be compounded by a further interest rate hike by the Reserve Bank of Australia. The weekly ANZ-Roy Morgan consumer confidence index –...
If you need help in your home, or can no longer live independently, the Australian Government provides a range of aged care services. These services are subsidised, but you need to contribute to the cost if you can afford to. Where to start The first thing to do...
Pockets of Australia are avoiding bill shock by being ahead of the nation on solar and wind power. As the bigger eastern states face soaring energy costs, electricity prices in Canberra will decrease, the territory’s economic regulator announced this week. Senior commissioner Joe Dimasi said the ACT...