WHAT WE KNOW ABOUT THE 2023 FEDERAL BUDGET SO FAR Treasurer Jim Chalmers will deliver his second federal budget on May 9, focusing on cost of living relief while ensuring spending does not add to inflation. BUDGET POSITION * Deficits likely over the next four years. Treasury says...
If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it’s likely that you would have claimed a depreciation expense. So, what’s the difference between temporary full expensing and instant asset write-off? Temporary full...
The federal budget will unlock at least $10 billion of new investment in renewable power projects, with states already lining up for the funding. Energy Minister Chris Bowen confirmed on Wednesday the government’s commitment to a capacity investment scheme (CIS) for large-scale energy storage projects that...
The future value of companies is at stake as regulators, companies and governments grapple with sustainability and consumer protection. Federal Minister for Financial Services Stephen Jones warned a business audience that sustainable business must start in the boardrooms and in investment decisions, not marketing departments. “It has...
The private sector is confident the Albanese government can hand down a responsible budget that will be good for business. More than two-thirds of mid-sized business owners surveyed agreed the federal budget, due to be handed down next week, would be positive for the business community. But...
Australians exposed to data breaches will soon be protected by a dedicated privacy watchdog with extra funding to keep information secure. It will be the first time a standalone privacy commissioner has been appointed in more than eight years. There will also be increased funding in the...
Australian workers are set to retire with thousands more in their superannuation accounts thanks to more frequent payments from employers. From July 1, 2026, employers will need to pay super at the same time as wages and salary. The changes will leave the average 25-year-old earner about...
Australian families visiting GP clinics can expect a major overhaul, with Health Minister Mark Butler promising to overhaul the Medicare system. In an address to the National Press Club, Mr Butler said the drop in bulk-billing rates at GP clinics was a significant concern, and addressing...
The local share market has dropped sharply for a second day running, hitting its lowest levels since March as worries about United States banks and rising interest rates drag on financial markets worldwide. The benchmark S&P/ASX200 index on Wednesday finished down 70 points, or 0.96 per...
Retirement is a time to sit back and enjoy the fruits of a lifetime of hard work. However, retiring without adequate financial resources can be a recipe for disaster. Financial stability is crucial if you want a comfortable and fulfilling retirement. Ensuring your financial health will...