Official business indicator data reveals a larger-than-expected 10.6 per cent lift in Australian company profits in the December quarter. The Australian Bureau of Statistics’ business indicators report, elements of which will feed into national accounts, also showed wages and salaries lifting by 2.6 per cent across...
The Liberals will go to the next election pledging to repeal Labor’s plan to increase the tax on high-end superannuation accounts. A new plan revealed by the prime minister and treasurer on Tuesday will double the current tax rate to 30 per cent for balances above...
Inflation decelerated in January faster than economists were expecting, although price increases still rose by the second-highest level since the start of monthly data releases four and a half years ago. Consumer Price Index figures released by the Australian Bureau of Statistics on Wednesday showed retail...
Fifty Australian drivers will be challenged to give up their cars for a month and replace driving with ride-share trips, rental cars, e-bikes and scooter rides as part of a social experiment. Uber unveiled its One Less Car trial on Wednesday, revealing it would work with...
Superannuation balances above $3 million will be taxed at a higher rate as the Albanese government hunts for opportunities to improve the budget bottom line. The changes won’t come in for another two years and will apply to about 80,000 people in a move forecast to...
The local share market has closed slightly lower following a see-saw trading session marked by the release of weaker-than-expected domestic economic data that could lessen the odds of more rate hikes. The benchmark S&P/ASX200 index was down as many as 42 points, or 0.5 per cent...