When lending money, lenders often require a guarantor to provide security for the loan. Acting as a guarantor involves significant responsibilities and potential risks. This article aims to provide a comprehensive understanding of what a guarantor is and the essential factors to consider before assuming...
The pain consumers have been feeling at the checkout will be on display as official inflation figures land for the quarter. The June quarter consumer price index will form the centrepiece of the Reserve Bank’s next interest rate decision, with the board hoping for a convincingly...
Casual workers could soon have the right to become permanent employees, but business groups warn the changes threaten to devastate many small firms. Employment Minister Tony Burke has unveiled reforms to force bosses to offer casual staff who work regular hours a permanent job. Workers would not...
Australia’s books are likely to show a $20 billion surplus for the last financial year thanks to higher tax revenue from a strong labour market and booming commodity exports. But households should not expect extra cost-of-living relief as the government sticks to plans already unveiled in...
One of Australia’s most powerful unions wants a tax to be slapped on big businesses to pay for social and affordable housing. The CFMEU has called for a super profits tax to bankroll construction and solve the country’s housing crisis. National secretary Zach Smith will outline the...
Common reasons you may receive a tax bill and action you can take to avoid a tax bill next income year. Your tax assessment The statement we issue that explains how your tax assessment is calculated is your notice of assessment (NOA). Your NOA will show if you...
Aged care could require more people to pay for themselves if they can as an expert task force considers funding options to secure the sector’s future. But Aged Care Minister Anika Wells promised no changes would be made without public consultation and community engagement on the...
Demand for petrol stations will remain high into the 2030s in Australia – years after some countries have banned the sale of fossil fuel vehicles, an energy giant has predicted. But Ampol also expects electric car sales will rise significantly in the country from 2025 and...
A proposal to let Queensland power providers disconnect electric vehicles during peak periods has been slammed as an “unbelievable” disincentive that could prevent the state reaching its emission-reduction goals. The change, detailed in a draft of the Queensland Electricity Connection Manual, is one of several proposals...
A leading think tank is calling for support for each obsolete worker as a shock absorber for the energy change that is sweeping through communities. Economic modelling by the Committee for Economic Development of Australia (CEDA) suggests the transition from fossil fuels to clean energy will...