Surprise inflation data, which came in lower than expected and below the central bank’s own forecasts, was due to softer fuel prices, according to the RBA’s chief economist. Figures released on Wednesday revealed headline inflation for June fell from four per cent to 3.8 per cent,...
The government is moving to fix its so-called “widow’s tax” following criticism its tax reforms denied Australians who inherited an investment property from their partner access to negative gearing concessions. The fix is part of a raft of the federal government’s proposed changes to controversial reforms...
Australian households show no sign of pulling back on spending despite the Middle East conflict exacerbating cost-of-living concerns. Strong growth in electric vehicle purchases and a bounce back in air travel drove a surprisingly strong 0.8 per cent increase in household spending in June, according to...
Used solar panels should be banned from all Australian landfill sites while the government develops a scheme to reuse and recycle the technology, an inquiry has been told. With the right scheme in place, Australia could recover billions of dollars in critical minerals and lead the...
Australia’s 2.7 million small businesses are being squeezed, with their costs up by almost a quarter since the start of the COVID-19 pandemic, according to a new report by a business-focused bank. AMP Bank Go on Tuesday released its inaugural Small Business Cost Pressure Index, which...
Investing in shares can be an effective way to build long-term wealth, but it also brings tax obligations that every investor should understand. Whether you own a handful of shares or a diversified investment portfolio, keeping accurate records and working closely with your accountant can make...