A drop in inflation has been welcomed as a small respite for struggling shoppers but households are being warned prices are set to bounce around and not come down in a straight line. Inflation cooled to 2.7 per cent in the 12 months to August, down...
Australians have been gifted a slight reprieve, with inflation moderating to 2.7 per cent as price pressures hurt shoppers at the checkout. The drop in the inflation figure spanning the 12 months to August was spurred by a decrease in transport (-1.1 per cent) while housing...
The prime minister has swatted away questions about curbing property tax breaks after reports of secret modelling. The federal government has sought advice from Treasury on scaling back negative gearing and capital gains tax concessions, according to the Nine newspapers. If Labor follows through on the modelling,...
New mums and dads will get extra superannuation on their government-funded paid parental leave after reforms cleared federal parliament. Eligible parents with children born or adopted after July 1 will get 12 per cent super for up to six months of parental leave. About 180,000 Australian families...
Changes to Australia’s central bank are still on the cards, despite an ultimatum from the Greens daring the government to intervene on interest rates. The Greens have withheld support for reforms to the Reserve Bank unless the financial institution cuts interest rates or the government enacts...
Early childhood education advocates back key recommendations aimed at improving accessibility for low-income families, but the coalition has warned of surging taxes for Australians. A Productivity Commission report, released on Wednesday, urged fully funding childcare for families earning up to $80,000, as well as households with...