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...
Businesses have been offered relief from skyrocketing premiums after a peace deal ended a war over Australia’s biggest workers’ compensation scheme. The months-long impasse came to an end on Thursday as newly minted NSW Opposition Leader Kellie Sloane revealed she had secured a deal with the...
Reddit should not be considered social media, the app’s management argues, as it fights Australia’s world-leading ban for under 16s. The company has filed a challenge in the High Court hoping to repeal the legislation, claiming the age limit is arbitrary, inconsistent, and threatens free speech. A...
Higher costs may be permanently embedded for Australian consumers and businesses as port companies reap historic profits from unchecked price increases, freight operators warn. Profits for Australian stevedore companies, which load and unload containers at ports, rose for the fifth year in a row to a...
Almost two in three Australians would not consider working for a company that required a long commute and many were willing to sacrifice higher wages and perks to work closer to home. Employees with short commutes also reported being happier and more productive, and saved an...