The Australian share market has rebounded from its morning losses to finish in the green after inflation data came in slightly below expectations. The benchmark S&P/ASX200 index on Wednesday closed up 15.9 points to 6823.2, a 0.23 per cent rise. The index had been as low...
More than 20 Indigenous businesses and designers have been given one-off grants as part of a new program supporting First Nations fashion and textiles. The grants of between $5000 and $25,000 are from the Australia Council’s new Flourish fund, which aims to encourage the growth of...
Residents These rates apply to individuals who are Australian residents for tax purposes. Resident tax rates 2022–23 Resident tax rates 2022–23 Taxable income Tax on this income 0 – $18,200 Nil $18,201 – $45,000 19 cents for each $1 over $18,200 $45,001 – $120,000 $5,092 plus 32.5 cents for each $1 over $45,000 $120,001 – $180,000 $29,467 plus 37 cents for each $1...
Treasurer Jim Chalmers has taken aim at petrol companies not passing on wholesale price drops to consumers as Australia again stares down an energy crisis. Dr Chalmers says he’s been working with the Australian Competition and Consumer Commission to monitor bad behaviour and retail price gouging. “The...
If someone offers to withdraw your super or move it to a self-managed super fund (SMSF) so you can access the money, it’s probably a scam. Learn how to spot a superannuation scam, and where to report it. How to spot a super scam Scammers can target you...
You need a director ID if you’re an eligible officer of: a company, registered Australian body, or registered foreign company under the Corporations Act 2001 (Corporations Act) an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act). An eligible officer is a...
Most people can choose which super fund they’d like their super contributions paid into. You can go with your existing fund, your employer’s fund, or choose a different fund. Your employer will give you a ‘standard choice form’ when you start a new job. This sets...
ANZ has agreed to buy Suncorp’s banking business for $4.9 billion in Australia’s biggest banking deal in a decade, and one the big-four lender describes as a vote of confidence in Queensland. ANZ will continue operating under the Suncorp Bank brand for five years as it...
Rising profits levels among the Australian corporate sector have been identified as one of the key causes for increasing inflation levels across the country, a new report has shown. Research from The Australia Institute has revealed increasing profit levels among companies, and not increased wages for...
Australia’s economy will slow down over the next 12 months, but not catastrophically so, a global consulting firm has predicted. Deloitte Access Economics’s quarterly Business Outlook forecasts economic growth of 3.0 per cent in 2022/23 and 2.5 per cent the following year. Author Stephen Smith calls it...