Nearly three million low-paid workers will take home an extra $32 a week in pay after the industrial umpire decided to make up for falling real wages and living standards in recent years. The Fair Work Commission delivered a 3.5 per cent increase for employees on...
What is a tax return A tax return is a form you complete online, on paper or get a tax agent or our Tax Help program to help you with. Your tax return tells us: how much money (income) you earn if you are claiming any deductions. We use...
Australia’s dire productivity performance doesn’t look like rebounding any time soon, with troubling implications for the Reserve Bank’s interest rate path. Data released on Thursday reinforced the challenge the nation faces to get productivity growing again. Private capital expenditure – essentially investments by businesses in equipment or...
Big business wants artificial intelligence to handle more “boring but essential” jobs as part of a race to establish Australia as a global leader in the technology and avoid decades of playing catch-up. AI is a significant opportunity to boost living standards and the nation’s “next...
Holiday home – not rented out If you own a holiday home and don’t rent out the property, you don’t include anything in your tax return until you sell it. When you sell the property, you will need to calculate your capital gain or loss. Keep all records from...
The economic impacts of natural disasters will extend beyond the federal budget, environmental groups warn as households are told to brace for higher insurance premiums. Treasury figures show a loss of $2.2 billion from economic activity following Tropical Cyclone Alfred and floods in NSW and Queensland. The...
Australians have lost at least $119 million to scams in the first four months of 2025, as phishing cons almost tripled in value. The consumer watchdog’s National Anti-Scam Centre is calling on businesses to join forces to share data to combat increasingly sophisticated frauds. “Scams are affecting...
Farmers will be temporarily spared from paying a hiked emergency services levy as drought support is expanded statewide. An extra $37.7 million has been earmarked for drought relief in Victoria as paddocks and dams run dry following low autumn rainfall. A Victorian drought relief package, which includes...
Nine in 10 young Australians are using artificial intelligence tools in their everyday life, a study has found, but few are using the software to “cheat” at school and many are changing their career paths to avoid its impact. A gender gap is also emerging among...
Australia’s economy is expected to show a mild slow-down when it comes in for its quarterly health check on Wednesday. National accounts figures are predicted to show gross domestic product grew 0.4 per cent in the first three months of 2025 after expanding 0.6 per cent...