Australians deserve a fairer return on gas extracted from the ground than the embarrassing sums raised through existing resource tax settings, a leading economist argues. Former Treasury secretary and author of a prominent tax review, Ken Henry, says the Australian government’s existing gas revenue regime is...
Private health insurance rebates will be slashed for older Australians to fund essential home care services such as showering and dressing support. The federal government has backed down on a requirement that people receiving aged care support pay $50 an hour for the support services. But the...
Australian airfares are set to stay higher for longer as experts predict neither of the nation’s major carriers will cut prices until fuel-cost hikes subside. Virgin Australia and Qantas are raising fares and cutting capacity to protect earnings, although Virgin said on Wednesday a big spike...
Australia will drastically increase spending on missile defences, drones and AUKUS nuclear submarines in a significant change to the nation’s defence posture to meet a “more dangerous and uncertain world”. Defence Minister Richard Marles laid out the path for Australia’s armed forces for the next two...
Australians are reporting record-low life satisfaction as war in the Middle East sends fuel prices surging and workers fear AI job losses. The population is now less satisfied than during the COVID-19 lockdowns, the latest survey from an Australian National University series finds. The fall between December...
The next big leap in artificial intelligence could get a boost from Australian-made technology after a Sydney start-up secured federal funding to bring it closer to launch. The company, which aims to make advanced computer chips in 2027, says they could tackle significant bottlenecks holding back...