AAP
‘Softer than we thought’: RBA’s admission on inflation
6 August
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...[Read More]
Treasurer moves to fix ‘widow’s tax’ after backlash
6 August
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...[Read More]
EV sales, air travel drive rebound in consumer spending
6 August
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...[Read More]
Push for nationwide ban on dumping old solar panels
5 August
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...[Read More]
Small businesses under pressure from soaring costs
5 August
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...[Read More]
Surprise inflation drop eases chance of RBA rate hikes
30 July
Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent. The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four...[Read More]
Labor backs super boost for youngest Aussie workers
30 July
Labor has backed superannuation payments for Australia’s youngest workers, regardless of the number of hours they work. The party says it will “ensure that all workers, including those under 18 and regardless of how they are engaged, can...[Read More]
Shoddy bank record-keeping hits savers as scammers lurk
30 July
Systemic shoddy record-keeping at big banks is risking the savings of Australians trying to benefit from a safe investment strategy. The financial regulator issued the warning around mortgage offset accounts, which are marketed to borrowers as a way...[Read More]
Red tape strangling efforts to tackle housing crisis
30 July
Allowing three-storey townhouses to be built on most residential land is one of the key recommendations of a major report outlining what Australia needs to do to fix its housing crisis. Governments have gotten in the way of new housing supply by...[Read More]
Power struggle: data centre energy rules spark concerns
29 July
Large-scale data centres will be forced to invest in additional renewable energy to fuel their operations and avoid causing power price hikes in regulations agreed to by all but two states and territories. The Energy and Climate Change Ministerial...[Read More]
‘Build resilience’: refinery touted but discount to end
29 July
Australia’s fuel security could soon be bolstered by a new refinery, but questions have been raised about the business case for the facility. Prime Minister Anthony Albanese announced plans to look into building Australia’s third oil refinery in...[Read More]
How trust in the RBA could help keep interest rates low
23 July
As people lose faith in institutions across the globe, a report shows maintaining trust in the Reserve Bank can help keep inflation under control. A survey released by the central bank on Wednesday showed people who have higher trust in the RBA are...[Read More]
Young investors bet the house on dialling up their risk
23 July
Lofty stock valuations and the biggest investment tax shake-up in decades don’t appear to be impacting the risk appetite of young Australians, according to investing platforms. This cohort is increasingly turning to investing to save for their...[Read More]
Pump and dump scams: how they work
23 July
HOW MOST PUMP AND DUMP SCAMS WORK: * A person sees an investment opportunity on social media * The post uses the image of a well-known commentator, investor or financial institution to build credibility * The opportunity is actually fraudulent,...[Read More]
Workers ‘forced’ to accept AI systems or leave jobs
23 July
Australians are at risk of losing jobs or being trapped in unethical situations as artificial intelligence use soars, despite the hopes of the federal government, an expert has warned. Prime Minister Anthony Albanese used a speech in mid-July to...[Read More]