Australia has the resources it needs to be a globally prosperous economy, but it is failing to convert those assets into meaningful growth, a think tank says. Abundant renewable energy, critical minerals, a world-class research sector and ties to the world’s fastest-growing region are among its...
A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts. WHAT DID LABOR ANNOUNCE IN THE BUDGET? * The existing 50 per cent capital gains tax discount...
WHAT THE GOVERNMENT WANTS PASSED * Laws stemming from the federal budget would limit negative gearing to new builds from July 2027, while scrapping a 50 per cent discount on the capital gains tax and replacing it with a minimum 30 per cent rate tied to...
A proposal to clamp down on the loyalty tax paid by disengaged power customers does not go far enough in the view of consumer and small business groups. Australia’s electricity rule-maker initiated a review to tackle the problem of customers ending up on uncompetitive offers after...
Drivers will pay $10 more to fill a 65-litre tank of fuel when tax relief designed to combat surging fuel prices begins to wind back. The move comes after a volley of dire warnings grocery and transport costs would spike and holiday-makers would stay home if...
All drivers should be forced to pay for the damage their vehicles cause to roads and bridges based on the weight of their vehicles, an inquiry has heard, rather than singling out those who own electric cars. Broadening the scope of the NSW government’s proposed road...
Superannuation is set for its most significant change in decades but a week ahead of implementation, many businesses – and potentially the clearance system itself – aren’t ready. From July 1, employee superannuation contributions must land in members’ accounts within seven days of payday instead of...
From 1 July 2026, Australian employers will need to manage superannuation guarantee payments differently. Under the Payday Super reform, super will move away from being mainly a quarterly compliance task and become part of the regular payroll process. In simple terms, employers will need to pay...
Your home is more than bricks, mortar, paint and flooring. It is the place where life happens. It is where families gather, memories are made, visitors are welcomed, and everyday routines unfold. For many people, their home is also one of their largest financial assets,...
Aged care is one of the most important conversations a family can have, yet it is also one of the easiest to delay. Many families only begin thinking seriously about aged care when there is a health event, a fall, a hospital admission, or a...