Most older Australians support increasing taxes on high superannuation balances. The federal government is controversially hoping to lift taxes on super balances above $3 million from 15 per cent to 30 per cent in a move predicted to impact about 0.5 per cent of savers. Despite outcry...
A wait of at least five weeks until further interest rate relief is expected to keep the pressure on retailers and other consumer-facing businesses keen for spending to pick up. In a move that caught markets and most economists by surprise, the Reserve Bank of Australia’s...
Consumers could benefit from lower interest rates and cheaper goods after Donald Trump announced increased tariffs on two of Australia’s biggest trading partners. The US president has brought in 25 per cent tariffs on goods from Japan and Korea, Australia’s second and third-biggest export markets and...
Leaders need to “throw everything” at winning Australia’s bid to host a key climate summit as the nation finds itself in a global race to net zero. Australia has teamed up with the Pacific in a proposal to jointly host the 2026 United Nations Climate Change...
The prime minister has trimmed expectations Australia’s goods and services tax could be raised as part of a suite of changes that includes lower income taxes. While he did not want to rule any policy changes in or out of the government’s economic reform agenda, Anthony...
Recharging electric cars by the side of the road is expected to become easier in one state after a $5 million investment designed to spark more vehicle adoption. The NSW government plans to add another 549 car-charging facilities in 130 suburbs over the coming year, with...