The Reserve Bank of Australia expects population growth to revert to close to pre-pandemic patterns by 2024, but projections do not envisage any catch-up in the numbers lost during the period of closed borders. “This implies that the population level is on a permanently lower track...
The incoming Labor government will inherit a budget that is in better shape than was predicted just a few months ago, according to global credit rating agency Standard & Poor’s. It also says a change in government by itself has no effect on Australia’s AAA rating...
Have you been getting neck pains after spending a bit too much time on your phone during lockdown? Chiropractors say you might be suffering “tech neck”. The Australian Chiropractors Association says a little more than one in three people have experienced neck pain over the last...
Government grants or payments you receive if you or your business have been impacted by COVID-19 may have tax implications. This page will help you find out if: amounts you receive are taxable or not taxable (non-assessable, non-exempt income (NANE)) you need to include the amounts in your...
Australian wages are growing at less than half the rate of inflation, but economists warn that won’t stop the the Reserve Bank of Australia from raising the cash rate again next month. Wages grew by a smaller-than-expected 0.7 per cent in the March quarter, which saw...
Introduction Last year saw very strong investment returns and was relatively calm in investment markets. While there was a lot to worry about, the biggest drawdown in US shares was 5% and in Australian shares it was 6%. This always seemed unlikely to be repeated and...