A major business group fears the economy could be entering a “death spiral” of rising wages growth, inflation and interest rates following the Reserve Bank of Australia’s biggest cash rate hike in more than 20 years. Lifting the cash rate by 50 basis points to 0.85...
Coal-fired power stations need to come back online to help ease the nation’s energy crisis, Resources Minister Madeleine King says. Amid soaring gas prices due to supply issues, Ms King says an immediate step would be for power station operators “to get moving on fixing their...
The treasurer has written to Australia’s consumer watchdog to express his concerns about the impact spiking electricity and gas prices are having on households and businesses. Jim Chalmers asked the Australian Competition and Consumer Commission to advise the government on any regulatory changes required to ensure...
The Australian government and industry have been warned to increase their cyber defences against attacks linked to China. United States intelligence agencies issued an alert to allied governments on Wednesday about the targeting of major telecommunications companies and network service providers, and how to plug vulnerabilities. After...
Australians have handed over more than $205 million to scammers in the past four months but the true losses are set to be higher. While many are alert to scam telephone calls, the culprits have moved to SMS to catch unsuspecting people in their path. The majority...
Taxpayers who paid for a COVID-19 test for work-related purposes or bought their own PPE could be able to claim it as a deduction, the Australian Tax Office says. With the end of the financial year looming, the ATO expects COVID-19 will continue to impact tax...