Reserve Bank governor Philip Lowe has warned Australians to be prepared for higher interest rates, saying inflation must be brought under control. In his first public appearance since the RBA raised the cash rate by a larger than expected 50 basis points at last week’s board...
Determining the Right Business Structure All successful businesses depend on a solid and dependable structure. While you can always work it out as you go, improvisation in the business world is inefficient, highly risky, and likely to lead to failure. Getting the right systems in place...
Ballooning inflation, rising interest rates and a loss of confidence around the economic outlook, in Australia and abroad, has sent consumer sentiment reeling. The Westpac-Melbourne Institute survey for June showed the consumer sentiment index fell 4.5 per cent to 86.4, and follows last week’s decision by...
Lower tax on your investments can help you reach your financial goals sooner. But don’t choose an investment based on tax benefits alone. How investment income is taxed You need to include investment income in your tax return. This includes what you earn in: interest dividends rent managed funds distributions capital gains...
The national electricity market has been suspended as the market operator says it has become impossible to operate within the rules. The Australian Energy Market Operator said in a note issued on Wednesday it had suspended the electricity spot market in NSW, Queensland, South Australia, Tasmania...
Business confidence is holding up in the face of rising interest rates and inflation, but there are signs households may start winding back on spending. New figures from the Australian Bureau of Statistics showed household spending was running at a healthy 7.6 per cent annually in...