The Reserve Bank of Australia is looking for more clarity on the current state of inflation, having likely accelerated since its last set of forecasts in February. The central bank left the official cash rate unchanged at a record low 0.1 per cent at Tuesday’s monthly...
A national energy plan to create hundreds of thousands of jobs across the economy has been commissioned by the sparkies who would roll it out. More than 450,000 jobs could be created over the coming decades, according to a blueprint by independent think tank Per Capita...
Less than half of aged care workers eligible for federal government bonuses have not yet received their first payment under the scheme. A Senate estimates hearing was told on Wednesday about 265,000 aged care workers would be eligible to receive a $400 bonus, with a second...
The consumer watchdog expects motorists everywhere will be enjoying the impact of lower fuel excise on petrol prices in coming weeks. Last week’s federal budget halved fuel excise to 22 cents a litre as part of an $8.6 billion cost-of-living package. Australian Competition and Consumer Commission chair...
AUSTRALIAN VACCINATION NUMBERS: * There have been 56,665,166 vaccine doses administered in the national COVID-19 rollout up to Monday, including 57,638 recorded in the previous 24 hours. * Of that total, 35,870,745 have been administered by commonwealth facilities, an increase of 45,731 in the previous 24 hours. *...
More than 14,000 winter booster doses have been administered since the rollout began this week. The rollout of the fourth COVID-19 vaccine dose, or second booster, to elderly and vulnerable Australians began on Monday, ahead of a predicted surge in infections during winter. The head of Australia’s...
Australian shares slipped on Wednesday, joining a decline in other regional markets as investor sentiment soured over the likelihood of more aggressive tightening by central banks around the world. The benchmark S&P/ASX200 index closed down 37.8 points, or 0.5 per cent, to 7490.1 on Wednesday. The...
A complete breakdown by sector and what you need to know in relation to the 2022 Federal Budget. ECONOMY * Budget deficit of $78 billion in 2022/23 * Deficit narrows to $56.5 billion in 2023/24, $47.1 billion in 2024/25 and $43.1 billion in 2025/26 * Commonwealth net debt to...
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With the COVID-19 pandemic taking hold again, many employers aren’t in a position to hand out pay rises, no matter how hard you’ve worked. If that’s the case in your role, it’s worth asking for other non-financial benefits that can improve your work and home...