Australia must overhaul how it taxes capital gains, wealth and inheritance to stem spiralling wealth inequality, according to a new report. The wealth of Australia’s richest 200 people almost tripled as a proportion of national gross domestic product over the past two decades, Australia Institute analysis...
Workers in the private sector are still clocking robust pay growth but the pace has been gradually slowing over the past year, reflecting a softening jobs market. The latest Australian Bureau of Statistics figures show average private sector wages lifting 0.7 per cent in the June...
Ordinary Australians struggle to make ends meet while the richest enjoy billions in untaxed capital gains, a new report claims. The wealth of Australia’s richest 200 people almost tripled as a proportion of national gross domestic product over the past two decades, Australia Institute analysis of...
Australia has a “once-in-a-century opportunity” to lead the world’s green iron industry but could miss it if governments, mining firms and investors fail to take urgent action, a study has found. The 78-page report, released on Tuesday by independent think tank Climate Energy Finance, analysed the...
Australia will need to work fast to remodel its workforce for net-zero industries and other economic and strategic shifts, warns the head of the nation’s jobs and skills agency. As debate continued in parliament on the government’s signature Future Made in Australia policy, Jobs and Skills...
Keeping warm this winter could depend on the age of your home. Australia’s national science agency, the CSIRO, revealed newly built homes were more airtight on Tuesday after testing the air flow in more than 200 apartments and detached houses across five states and territories. But the...