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Jim Chalmers
Minister Says Cash an Important Backup If Digital Payment Systems Fail
On Dec. 20, Treasury issued a consultation paper seeking public input on the cash mandate’s scope, compliance, and accessibility strategies.
December 26, 2024
BY
Naziya Alvi Rahman
Debt Storm Brewing: Economists Warn Australia’s Budget on Shaky Ground
Economists caution against perpetual debt and stagnation for future generations without bold fiscal and economic reforms.
December 18, 2024
BY
Naziya Alvi Rahman
Australia’s Deficit to Be $22 Billion Worse Off Than Originally Predicted
Expected growth figures were also revised downwards.
December 17, 2024
BY
Naziya Alvi Rahman
Government Announces Over $14 Billion of Savings in the Budget
Changes to aged care and the NDIS are 'the biggest structural savings to the budget seen in the ...
December 17, 2024
BY
Naziya Alvi Rahman
The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed
The Opposition said now was not the right time to 'sack and stack' the Reserve Bank Board.
December 16, 2024
BY
Monica O’Shea
China’s Faltering Economy Hits Australia’s Bottom Line
China's imports have fallen 3.9 percent in defiance of analysts' predictions. That's going to impact Australia's company tax ...
December 15, 2024
BY
Rex Widerstrom
Treasurer Says Australians Under ‘Substantial Pressure’ as Economy Underperforms
Australia's economic growth has been sluggish for several quarters now.
December 4, 2024
BY
Naziya Alvi Rahman
Australian Economy Grows Slightly, Falls Short of Expectations
On an annual basis, the economy grew by 0.8 percent, down from 1 percent in June, and below ...
December 3, 2024
BY
Naziya Alvi Rahman
$60 Billion Budget Gap: The Lucky Country’s Luck Is About to Run Out, Says Economist
The Labor government has wasted opportunities, which will result in a budget shortfall $20 billion worse than Treasury ...
December 2, 2024
BY
Rex Widerstrom
RBA Reforms Pass: Interest Rate and Corporate Governance Boards Split
The move comes after the Greens secured key concessions from the Labor government.
November 28, 2024
BY
Naziya Alvi Rahman
Reserve Bank Cautiously Optimistic About Inflation Drop
RBA holds cash rate steady as tight labour market delays inflation’s return to target, projecting stability by 2026.
November 28, 2024
BY
Naziya Alvi Rahman
Australia’s Inflation Rate Continues Steady Decline at 2.1 Percent
ABS data says this is the lowest annual inflation since July 2021.
November 26, 2024
BY
Naziya Alvi Rahman
Australian Senate Votes to Embed Global Minimum Tax Standard Into Law
Government passed a 15 percent global and domestic minimum tax for multinational corporations, effective from Jan. 1, 2024.
November 26, 2024
BY
Naziya Alvi Rahman
Budget to Slump Nearly $50 Billion, Deloitte Predicts
Australia's federal budget will go from a budget surplus achieved in 2023/24 to a bigger than expected deficit.
November 25, 2024
BY
Rex Widerstrom
Australian Government Unveils Tax Incentives for Hydrogen and Critical Minerals
The bill offers a $2 tax credit for every kilogram of hydrogen produced.
November 24, 2024
BY
Naziya Alvi Rahman
Opposition Accuses Labor of ‘Raiding the Nation’s Nest Egg’ in Future Fund Shift
The Labor government has directed the Future Fund to consider investments in housing, infrastructure, and green energy.
November 21, 2024
BY
Naziya Alvi Rahman
Australia’s Sovereign Wealth Fund Instructed to Target Housing, Climate Change
The Future Fund is now worth $230 billion and was created to ease the government's reliance on taxpayers.
November 20, 2024
BY
Naziya Alvi Rahman
‘Give Retirees Peace of Mind’: Reforms Unveiled Aimed at Improving Super Performance
The treasurer is moving the changes as more Australians prepare to retire and draw from their super accounts.
November 20, 2024
BY
Naziya Alvi Rahman
Labor to Mandate Cash Option for Buying Essentials
The opposition has called for clarity regarding what 'essential' items will come under the proposed law.
November 17, 2024
BY
Monica O’Shea
Treasurer Hopes to Lift Australia’s Productivity With $900 Million Fund
In an attempt to tackle low productivity growth, Jim Chalmers is offering up to $900 million to states ...
November 13, 2024
BY
Rex Widerstrom
Australia Risks Capital Flight as US Prepares for 15 Percent Corporate Tax Cut
The move is part of a broader package to revive U.S. competitiveness and has political leaders around the ...
November 11, 2024
BY
Naziya Alvi Rahman
and
Daniel Teng
Treasurer Says Australia Not Immune to Potential Trump Tariffs, But Confident Country Can Prosper
The Labor government has also said AUKUS will continue to progress.
November 11, 2024
BY
Rex Widerstrom
Coalition Backs Merger Law Reform but Raises Concerns About Red Tape, Unneeded Costs
Shadow Treasurer Angus Taylor cautions that while the bill may tackle competition issues, it risks adding red tape, ...
November 5, 2024
BY
Naziya Alvi Rahman
Treasurer Celebrates Dropping Inflation Amid Opposition Criticism
Australian Bureau of Statistics on Oct. 30, revealed a drop in inflation to 2.8 percent, the lowest level ...
October 30, 2024
BY
Naziya Alvi Rahman
Treasurer Blames Global Instability for Australia’s Inflation Troubles
Chalmers ruled out changes to negative gearing. The review so far showed they wouldn't address the housing supply ...
October 24, 2024
BY
Naziya Alvi Rahman
Jobs in NDIS Are ‘Real Jobs’: Treasurer Backs Growth Figures
The treasurer argues jobs in the care sector should not be considered less important than private sector roles.
October 17, 2024
BY
Rex Widerstrom
A Million New Jobs Put Lower Interest Rates Further out of Reach
Good news for out-of-work Australians is likely to translate as bad news for those with mortgages.
October 17, 2024
BY
Rex Widerstrom
TOP NEWS
Israel Strikes Iran After Tehran’s Missile Attack
2hr
By
T.J. Muscaro
America in Photos: USS Iwo Jima Naval Homecoming, Belmont Stakes Horse Race, and Tiananmen Massacre Memorial
3hr
By
Epoch Times Staff
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
6hr
By
T.J. Muscaro
Iran Launches First Missiles at Israel Since Ceasefire Agreement
7hr
By
Jacki Thrapp
and
T.J. Muscaro
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
9hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
9hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
11hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
11hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
12hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
16hr
By
Lawrence Wilson