Official business indicator data reveals a larger-than-expected 10.6 per cent lift in Australian company profits in the December quarter. The Australian Bureau of Statistics’ business indicators report, elements of which will feed into national accounts, also showed wages and salaries lifting by 2.6 per cent across...
The Liberals will go to the next election pledging to repeal Labor’s plan to increase the tax on high-end superannuation accounts. A new plan revealed by the prime minister and treasurer on Tuesday will double the current tax rate to 30 per cent for balances above...
Inflation decelerated in January faster than economists were expecting, although price increases still rose by the second-highest level since the start of monthly data releases four and a half years ago. Consumer Price Index figures released by the Australian Bureau of Statistics on Wednesday showed retail...
Fifty Australian drivers will be challenged to give up their cars for a month and replace driving with ride-share trips, rental cars, e-bikes and scooter rides as part of a social experiment. Uber unveiled its One Less Car trial on Wednesday, revealing it would work with...
Superannuation balances above $3 million will be taxed at a higher rate as the Albanese government hunts for opportunities to improve the budget bottom line. The changes won’t come in for another two years and will apply to about 80,000 people in a move forecast to...
The local share market has closed slightly lower following a see-saw trading session marked by the release of weaker-than-expected domestic economic data that could lessen the odds of more rate hikes. The benchmark S&P/ASX200 index was down as many as 42 points, or 0.5 per cent...
While smart home technology has been around since the 1990s, people are just beginning to appreciate having it. The devices in a smart home are interconnected and accessible from a single hub, such as a smartphone, tablet, laptop or gaming console. A smart home automation system...
Losing a loved one is probably one of the most stressful events one will ever go through in life. It will leave you feeling distraught and devastated, so sorting out their finances is the last thing you’d be concerned about. It could be challenging to...
The Albanese government’s proposed superannuation overhaul will stop troubling practices such as surgeons pressuring patients to raid their super to fund cosmetic surgery, the assistant treasurer says. Stephen Jones defends the government’s suggested definition for superannuation that would limit early access to super and preserve the...
Australian businesses will be able to dip into a $62 million pool to help them become more energy efficient and reduce greenhouse gas emissions. The grants of between $10,000 and $25,000 are also expected to help take pressure off power bills once the projects take effect. Small...