Australia’s annual inflation rate has returned to the range targeted by the central bank, clocking in at 2.8 per cent in the September quarter. The headline annual rate was down a whole percentage point from the June quarter and landed broadly in line with expectations. The Australian...
Cheaper fuel and energy bill relief have helped drag headline inflation down to its lowest rate since early 2021. A 2.8 per cent rise in the September-quarter consumer price index marks a return to the Reserve Bank’s target range of two to three per cent, after...
A government spending spree should not be expected in the lead-up to the next federal election as inflationary pressures linger. Responsible economic management would be the “defining feature” of the Albanese government, Jim Chalmers assured voters following Labor’s defeat at the Queensland state election. Dr Chalmers’ next...
Tax reforms could be left out of a long-awaited Victorian economic growth plan, with the business sector warning the state risks losing out to its northern rivals. The Economic Growth Statement was foreshadowed in May’s Victorian budget and featured six pillars, including “a more efficient tax...
Rolling out nuclear power plants in Australia could add $1000 a year to household electricity bills, according to energy experts, and regulators should focus on lower cost, renewable power. The warning has been issued at a Smart Energy Council event on Monday, which heard from Australian...
Seven West news boss Anthony De Ceglie has called on the federal government to scrap a tax on commercial broadcasters. De Ceglie wants tax breaks to support commercial newsrooms as the public contends with misinformation from the “evil forces” of social media. “We are the shining light...