A former Reserve Bank governor has joined more than 100 economists and tax experts to call for an overhaul of the stage three tax cuts. Former RBA governor Bernie Fraser, Nobel Prize-winning economist Joseph Stiglitz and former Australian Competition and Consumer Commission chair Alan Fels are...
The Politics, the background, what the gas industry says and what environmental groups say? THE POLITICS * Federal parliament will sit on Thursday to debate and pass laws the government says will push down electricity and gas bills for households and businesses. * Drafts laws and a consultation...
It’s a mixed outlook for agriculture in the coming year, with grains and lamb expected to perform well while the number of dairy farmers leaving the industry takes a toll. Rural Bank’s 2023 outlook also listed global economic challenges and continuing high production costs as the...
The local share market has closed higher following more signs that US inflation has peaked, raising fresh hopes for a dovish pivot from the Federal Reserve. The S&P/ASX200 index finished on Wednesday up 48 points, or 0.67 per cent, to 7251.3, while the broader All Ordinaries...
For a long time, it may seem like old age and retirement are faraway life events. However, like everybody else, you age every day, and it’s only a matter of time until you realise that you’ll be retiring in a couple of years. By that time,...
The significance of choosing the appropriate structure to make the protection and maintenance of your assets possible cannot be overstated. This is necessary regardless of whether you have acquired your fortune on your own or through inheritance. In this instance, you may want to consider estate and...
Financial responsibility refers to the practice of handling money and other assets in a way that is in your (as the owner of the assets) or your family’s best interest. Being financially responsible entails a certain level of proficiency in seeing beyond current wants to meet future needs. However,...
Treasurer Jim Chalmers says the government is willing to open its coffers to help ease energy price pain. Ahead of a national cabinet meeting on Friday, Dr Chalmers said all options remained on the table with the government preparing to hand down its path forward before...
Consumers are a little uneasy about their personal finances in the lead-up to Christmas, with confidence edging lower. ANZ and Roy Morgan’s weekly consumer confidence indicator has dipped 0.5 per cent, led by a 6.2 per cent plunge in its “current financial conditions” measure. Its “future financial...
Sky-high living costs continue to crush household budgets, with a monthly inflation gauge picking up pace again. The one per cent lift in November recorded in the Melbourne Institute’s monthly inflation gauge follows smaller increases in October and September. In October, the index lifted by 0.4 per...