Australian consumers have been saving rather than spending and a change in behaviour could complicate matters for the Reserve Bank, keeping interest rates higher for longer. The minutes from the central bank’s May meeting confirmed a rate hike was a live consideration, with spending habits a...
From 1 July, there’ll be changes to the way you report and submit trust tax returns. Income tax reporting changes under the Modernisation of Trust Administration Systems (MTAS) will come into effect on 1 July for small business owners who are trustees or trust beneficiaries. Now,...
A worker’s right to ignore unreasonable out-of-hours contact from their boss should expressly include when they are on approved leave as well as staffing arrangements, the peak union body says. Right to disconnect laws passed by the Albanese government will come into effect from August 26,...
The gap between the haves and have-nots narrowed during the COVID-19 pandemic but widened again as the economy roared back to life when lockdowns ended and borders reopened. Yet with the fresh Productivity Commission analysis failing to cover the fallout of the inflation surge and subsequent...
Prime Minister Anthony Albanese has defended cost-of-living relief measures despite the federal budget failing to spark a major boost in the polls. The $300 rebate for household energy bills proved popular, with 72 per cent of people supporting the measure, according to a Resolve poll conducted...
AUSTRALIAN ENERGY MARKET * Blackouts, power outages and increased energy prices are forecast across several states unless urgent government action is taken * The NSW, Victorian and South Australian governments must invest in energy projects or power supply issues are likely during extreme summer periods * Delays on...