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Economy
There will be a cost to small business with trust tax change
Assistant treasurer says ‘at the heart of this reform are a range of options available to some taxpayers that are not available to most’.
Latest coverage
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Economy
Reserve Bank speaks and the nation listens
Attention surrounds speeches by RBA officials this week as some banks predict a a hold on interest rates next month.
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Economy
Upping ante with GST a path to fixing Aust debt
Respected think take calls for overhaul of GST as ‘there are no easy paths back to Budget sustainability’.
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Economy
‘Heart is multicultural’: PM lays out migration support
Prime Minister Anthony Albanese has made a veiled swipe at Pauline Hanson’s migration stance as he touts the benefits of multiculturalism in a major speech.
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Economy
Immigration policy to be a bonus for renters
One Nation says ‘we will reduce the number of temporary migrants and unlawful non-citizens, giving housing breathing space’.
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Economy
One Nation steadfast in defence of its super plan
Barnaby Joyce denies scheme to give people early access to their superannuation earnings is inflationary.
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Economy
Economists warn One Nation scheme will be ‘disastrous’
Treasurer says super policy shows why ‘One Nation poses an unacceptable and dangerous risk to Australian workers’.
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Market
Doom and gloom as house approvals fall dramatically
Opposition says ‘the Albanese active inflation agenda that is forcing the hand of the RBA is killing home values’.
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Market
Chance to simplify retail leases and tenancies
Government says ‘we want to hear directly from businesses about where the system is creating unnecessary complexity’.
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Economy
Retirement savings to be ‘decimated’ under early access
The treasurer has cautioned against a push for Australians to dip into their super early to deal with cost-of-living pressures.
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Regulation
Corporate watchdog cracks down on more rogue operators
ASIC investigations have led to a surge in bans or licence cancellations for businesses and financial managers in the past financial year.
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Market
Housing approvals rebound, but still behind targets
The number of dwellings granted approval has hit a five-year high, but national housing levels still lag federal targets.
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Economy
‘Softer than we thought’: RBA’s admission on inflation
The Reserve Bank’s chief economist has admitted inflation predictions came in lower than expected due to volatility with the fuel market.
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Economy
Liberals aim to reverse fortunes in cross-country blitz
The opposition leader will use a five-week break in parliament sittings to try and catch up to One Nation in the polls through campaigning in marginal seats.
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Economy
Treasurer has a ‘different view’ to criticism over tax moves
Form RBA governor says ‘it’s a mistake to extend the changes to capital gains tax to risk-bearing assets’.
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Economy
Costly uni degrees may lift tradie numbers
Less bang for students’ buck at universities could funnel more school leavers into trades and help alleviate critical shortages, an inquiry has been told.
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Economy
Labor’s tax changes ‘simply do not grow the pie’
Business groups say ‘Australia cannot afford policies that make us a less attractive investment destination’.
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Market
Government continues balancing act with immigration
Minister says ‘If you go at migration the wrong way, then you can actually make the housing situation worse’.
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Economy
Nearly unanimous: Economists predict no change to interest rates
Leading money men expect Reserve Bank to keep cash rate steady after three straight hikes this year.
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Market
Removing stamp duty the key for first home buyers
Key property lobby group says ‘both renting and buying a home should be made more affordable’.
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Economy
Confusion reigns over One Nation’s housing policy
Pauline Hanson forced to clarify party’s controversial stance on foreign ownership of homes.
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Market
Higher interest rates blamed for approvals slide
But economists suggest Budget tax changes could help ‘support demand for new dwellings’ in the future.
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Economy
‘We’ll work with anyone to stop toxic taxes’
Unlikely alliance with Greens mooted for Coalition to block government’s tax changes in the Senate.
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Economy
Tax reform not hurried but ‘consultation’ will take place
Changes pass though the lower house in just two days but now the Senate will debate them this month.
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Economy
‘We need to do more’ to help people buy houses
Prime minister defends tax changes and says ‘in spite of all those housing programs, we still were not doing enough’.
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Economy
Businesses are still in the dark about the budget tax carve-outs
Business owners are still yet to find out what exemptions could apply to them in changes to capital gains tax.
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Economy
Approvals drop as the Treasurer allays house price concerns
Dwelling approvals have fallen a further 3.4 per cent, as the treasurer tries to downplay the impact of tax changes on property prices.
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Economy
Tax changes ‘difficult but incredibly important’
Housing minister says the new tax measures will ‘have a modest affordability effect on house prices’.
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Market
New poll places One Nation as the next opposition
But Liberals not ready to give up as Angus Taylor says he is ‘out there fighting the Labor Party every day’.
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Economy
‘Structurally sound’: Keating backs budget
Former prime minister Paul Keating is backing the budget, especially changes to the capital gains tax, as businesses continue to criticise the measures.
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Market
Small businesses become target of Budget conjecture
Government says most small businesses will be unaffected by CGT changes but opposition wants more protections.
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Economy
Trust tax changes could mean small business relief
Federal ministers have flagged the government is open to providing rollover support to small businesses and start-ups, amid looming changes to taxes on trusts.
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Economy
Migration crackdown and housing boost in budget reply
Angus Taylor is preparing to give his first budget reply speech since taking over as opposition leader, with several policies already announced.
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Economy
Labor tucks away $77b war chest for further tax cuts
A new $250-a-year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.
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Market
Labor’s Budget yet to get the Green light
Greens boss says she will wait until getting all the details before signing off on the key Budget policies.
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Market
Contentious but right: Chalmers braces for budget fight
Treasurer defends changes to negative gearing and capital gains tax as the ‘right thing to do’.
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Economy
‘Need to do more’: Labor housing reform pledge
Australians are under financial pressure, and the government cannot “just sit back”, the prime minister says, as his treasurer prepares to hand down the budget.
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Economy
Why the Treasurer won’t show us the money
Treasurer Jim Chalmers has poured cold water on suggestions the budget will include a cash splash for households for cost-of-living relief.
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Economy
What’s known so far about the federal budget
Jim Chalmers is putting the finishing touches on his fifth federal budget, with some of the measures starting to be revealed.
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Economy
Impact on inflation from fuel price hike to be revealed
The first inflation figures since the Iran war started, causing petrol prices to skyrocket, will give clues on its cost – with homebuyers watching closely.
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Economy
Jobs data to reveal first signs of Iran war impact
Unemployment data for March will be the first glimpse of how the Middle East conflict is affecting the economy more broadly.
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Technology
Union heavyweights advocate for reduction in capital gains tax
An inquiry into CGT is hearing submissions calling for the Federal Government to reduce the tax in the next Budget.
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Economy
Unemployment tipped to climb again after surprise drop
Australia’s latest jobless figures are likely to follow a trend for the year’s start after economists were wrong-footed by a surprise fall in unemployment.
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Economy
Inflation does a job on wage growth, adds heat to rates
Rising inflation has pushed real wages below the level of rising costs, which could have a big impact on the Reserve Bank’s next decision on interest rates.
Economy
Inflation set to outpace wages growth despite pay bumps
December wage data is set to remain stable, even though large sections of the workforce pocketed a rise in their weekly pay.
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Economy
One tax still off the table as treasurer weighs reform
The International Monetary Fund report is calling for a hike in the GST and other tax changes, while praising the handling of Australia’s economy.
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Economy
RBA to spell out why it delivered rates pain
Mortgage-holders will be given an insight into the likelihood of further rate hikes when minutes from the Reserve Bank’s latest meeting are revealed.
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Market
RBA offers more rates call insight before jobs data
Critical unemployment figures will give Australia’s central bank a clearer picture on whether it will deliver a second-interest rate hike in as many months.
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Market
International report to hover over economy
Unemployment data will give fresh insight to Australia’s economy, as major financial institutions release information on the state of play globally.
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Market
Insight on cash rate pause as economy runs at capacity
Rate-watchers will delve into the Reserve Bank’s unanimous decision to keep interest rates on hold as stubborn inflation lingers with the economy at capacity.