The central bank governor has reassured Australian households and businesses inflation will come down, but further rises in interest rates will be needed in the short term. Financial markets are already pointing to an average inflation rate over the next ten years of “two point something”,...
Taxpayers will find the upcoming government budget update confronting, Treasurer Jim Chalmers says. Dr Chalmers said his government had inherited the “trickiest set of economic conditions” in memory. He is set to provide the latest debt forecast on July 28 during the first parliamentary sitting week of...
The ANZ is tipping the cash rate will hit 3.35 per cent this year, with the Reserve Bank conceding first-home buyers are most vulnerable to defaulting, with many facing 40 per cent higher repayments by the end of 2023. In an address to the Economic Society...
BHP says it will review the planned lifespan of its seven central Queensland mines after the Palaszczuk government unexpectedly hiked coal royalties. At current spot prices, the taxes, which were levied last month, effectively increase the royalty rate seven percentage points, to 19 per cent. “The near...
A gas supply guarantee has been triggered by the national energy market as Victoria faces a winter gas shortage. Victorian Energy Minister Lily D’ambrosio said the gas supply guarantee was triggered by the Australian Energy Market Operator on Tuesday afternoon, as reserves at a storage facility...
Two sub-orbital rockets will be launched from South Australia following federal government approval for the missions. Rocket manufacturer ATSpace and spaceport provider Southern Launch will launch the Kestrel I rockets from the Whalers Way complex on Eyre Peninsula in coming months. The VS02 and VS03 missions will...
Britain has recorded its highest ever temperature of 39.1C, according to provisional data from the Met Office, which forecast even hotter weather to come from a heatwave that has already damaged airport runways and rail tracks. The record temperature was reached before noon on Tuesday in...
The federal government will officially respond to a landmark report into Australia’s environmental laws by the end of the year and introduce new legislation for 2023. Minister Tanya Plibersek said statutes and administrative systems need to change to prevent further decline of the environment. Current laws are...
Companies registered for GST need to lodge business activity statements with the ATO. To know about the BAS basics and best practices, keep reading. Most business owners get cold sweats when they hear the term ‘business activity statement’ (BAS) — a form businesses registered for goods...
Home renovations are exciting ventures. If you’re working on a budget, you can use these affordable and easy ideas to change up the look of your home. Inspired to initiate home updates after watching some of the best home renovation shows on television and streaming sites? We...