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...
“Whether you think you can or you think you can’t, you’re right” Discover Henry Ford ...
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...
Single parents will now be able to access the full 20 weeks of paid parental leave, under changes to the scheme announced in the federal budget. The 2022/23 budget unveiled changes to the paid parental leave scheme, which would expand eligibility for the program. Enhanced paid parental...
Australia remains on track to rack up $1 trillion in debt for the first time, after marathon spending to respond to the COVID-19 pandemic. But the timeframe has been pushed out by one year to 2023/24, after the mid-year budget update in December indicated the milestone...
Developers of low-emissions technologies and other innovators may win tax breaks in the upcoming budget after months of lobbying. The aim is to attract investment and avoid a brain drain by encouraging businesses to do their R&D in Australia and keep intellectual property here. The “patent box”...