Low-emissions metals and other industries the federal government views as vital to Australia’s net zero future have locked in funding in the federal budget. A total of $3 billion has been earmarked to support green aluminium and iron endeavours in Tuesday’s budget. Households keen to soak up...
Plans for new tax cuts for every Australian worker have been rushed into federal parliament, as the window for the calling of the national election narrows. Treasurer Jim Chalmers introduced the legislation to the house on Wednesday, saying it will give a “top-up” to every taxpayer...
Wages are set to rise on the back of a robust jobs market, stronger economic activity, sectoral pay boosts and a ban on non-compete clauses. Workers have already seen some let-up in prices eroding hard-won pay gains and new Treasury forecasts suggest the gap between inflation...
Australia is on track for structural deficits as far as the government can see, clouding the economy’s final approach to a soft landing. Treasurer Jim Chalmers’ federal budget unveiled on Tuesday night locks in underlying deficits until 2035/36 as a result of ballooning spending and lower...
Business bosses are furious about a “heavy handed” measure designed to help workers take better paid jobs or start their own companies. The workplace change contained in the federal budget means workers earning less than $175,000 cannot be “handcuffed” to their jobs. The change is subject to...
A landmark agreement that ensures every Australian student receives a fully funded public eduction is being toasted as a nation-building breakthrough. After months of back-and-forth, the Commonwealth on Monday bowed to demands from a final holdout state and brokered a deal. The Queensland agreement will provide an...