You can’t claim a deduction for superannuation contributions paid by your employer directly to your super fund from your before-tax income such as: the compulsory super guarantee Salary sacrificing super amounts Reportable employer super contributions. You may be able to claim a tax deduction for personal super contributions that you...
A spike in gas prices, liquid fuels and electricity have created a perfect storm within Australia’s energy market. Treasurer Jim Chalmers says the failure of the Liberal government to land an energy policy and put in place infrastructure for renewables has made the domestic market less...
House prices nationally recorded their first decline since September 2020 in May, led by monthly losses in Sydney and Melbourne, the country’s two largest real estate markets. The CoreLogic home value index declined 0.1 per cent in May with Sydney dropping 1.0 per cent and Melbourne...
Growth in Australia’s manufacturing sector in the early months of 2022 came to an abrupt halt in May, due to supply constraints, labour shortages, rising prices and wage growth. The Australian Industry Group performance of manufacturing index fell by 6.1 points to 52.4 points, just above...
Australians are being urged to roll up their sleeves and donate blood as a burgeoning flu season causes supplies to plummet. Some 17,500 people are urgently needed to donate blood within the next week or stocks could fall to just two days worth by midweek, according...
Australia is in for a period of banking sector turbulence as households deal with rising inflation and mortgage payments, the industry regulator says. “The next few years will be far from plain sailing,” Australian Prudential Regulation Authority chair Wayne Byres told a conference on Tuesday. APRA has...