Scammers are constantly refining their tactics to target small businesses, making it essential to stay informed and vigilant. The federal government’s Scamwatch website is an excellent resource for understanding current scams and reporting new ones. Knowing the risks and implementing prevention measures can be critical to safeguarding...
Treasury has updated its economic and fiscal forecasts for the next four years in its mid-year budget update. BUDGET DEFICITS (PREVIOUS IN BRACKETS): * 2025/26 – $36.8 billion ($42.2b) * 2026/27 – $34.3b ($35.4b) * 2027/28 – $36.2b ($27.1b) * 2028/29 – $36b ($37b) * Total – $143.3b ($151.7b) GROSS DEBT: * 2025/26...
Treasurer Jim Chalmers will unveil a $5.4 billion improvement in the federal budget this financial year, even as the deficit sinks to its worst level in five years. With judicious use of words such as “sensible” and “restraint”, Dr Chalmers will tout the government’s responsible economic...
Treasurer Jim Chalmers has used a $4.9 billion blowout in home battery subsidies to claim the government saved taxpayers $6.7 billion in the mid-year budget update. The battery subsidy program was initially set to cost taxpayers $2.3 billion but the forecast cost was revised up to...
A messy jobs report will provide the Reserve Bank with little clarity as it tries to discern just how tight the labour market is. The central bank is piecing together data to get a clearer picture of the economy for a crucial interest rate decision in...
The treasurer has been urged to raise the GST, lower the capital gains discount and introduce a modest inheritance tax to fix his ailing budget as Australia’s nascent data centre boom lifts productivity hopes. In next week’s Mid-Year Economic and Fiscal Outlook, Jim Chalmers will reveal...
A large gulf on the cost of groceries remains between Aldi and the major supermarkets, ahead of rules cracking down on price gouging coming into effect. The latest quarterly survey of supermarket prices by consumer advocacy group Choice found Aldi had the cheapest basket of items,...
Australia won’t know until Christmas how many children have sidestepped a social media ban for under 16s. The nation has become the first to introduce age restrictions for 10 social media platforms including YouTube, TikTok, Snapchat and Instagram. Tech companies are required to block anyone under 16...
More batteries in more homes is the promise of a federal government decision to triple the budget of a popular rebate scheme and wind back discounts for bigger systems. The subsidy, which has been in place for five months, will get a generous top-up to $7.2...
Supermarkets and retailers are angry over “excessive” regulations being imposed to stop price gouging, which they say won’t keep costs down for shoppers. The Albanese government has introduced rules to limit “excessive pricing of groceries” with changes to Australia’s Food and Grocery Code of Conduct, which...