Wealthy superannuants will pay more tax on balances over $3 million after the Greens rolled over on demands to beef up the contentious new laws. The government is expected to get the long-promised tax changes passed through parliament by the end of the week. The Greens had...
Three of Australia’s four major banks predict the Reserve Bank will hike interest rates for the second month in a row as fears that war in the Middle East will worsen inflation fuelled a drastic turnaround in markets. Westpac, NAB and Commonwealth Bank have revised their...
The average Australian worker would receive more than $1600 a year in income tax cuts as part of independent MP Allegra Spender’s blueprint to restore fairness to the nation’s economy. Released alongside an address to the National Press Club on Wednesday, Ms Spender pitched her proposal...
Natalie MacDonald was six weeks back from maternity leave when a group email landed at 1am saying she’d been made redundant. After seven years at global tech company LinkedIn, the 36-year-old Sydney mum’s role as a senior news editor was one of many scrapped as the...
Service stations deliberately price gouging customers due to the Middle East war will face harsher penalties, as the federal government acknowledges panic buying has led to shortages in regional areas. Treasurer Jim Chalmers said penalties would be doubled to $100 million maximums for service stations found...
All Australian homes should receive a score out of 10 for energy efficiency before they can be sold or rented, experts say, as part of an expansion to a national assessment program. The Nationwide House Energy Rating Scheme, which is used to rate the efficiency of...
Qantas Airways will hike fares on its international routes in response to the surge in jet fuel costs due to the conflict in the Middle East. The Australian flag carrier also said it was considering adding capacity on its existing Europe routes in the coming months. The...
Leftover rice could be the key ingredient to halving carbon emissions from iron and steel production, according to a trial led by Australian researchers. The CSIRO and Indian Institute of Science revealed the findings on Tuesday from tests in which rice husk pellets were substituted for...
The federal climate minister has hit back at speculation there will be budget cuts to clean energy policies, comparing it to stripping funds from health or education. Chris Bowen dismissed reports of cuts to new clean energy funding in the federal budget in May. “You might as...
Providing water and energy infrastructure to meet the rapid rise in data centre investment should be among Australia’s top priorities, the government’s independent infrastructure adviser says. Projects that increase water capacity and clean energy generation were included in a slimmed-down list of priority infrastructure proposals released...