When a parent or grandparent is diagnosed with dementia, life can begin to change for the whole family. Familiar routines may become difficult, conversations may be repeated, and someone who was once fiercely independent may increasingly rely on others for support. For family members, helping a...
Australia’s inflation pulse is strengthening despite easing prices at the fuel bowser, potentially adding to the case for another interest rate hike. A mixed consumer price report, released by the Australian Bureau of Statistics on Wednesday, was softer and stronger than forecasters had predicted. But the most...
Plunging auction clearance rates are not cause for concern, top government ministers are insisting, with one urging anxious home owners to “take a deep breath”. An overhaul of negative gearing and capital gains tax is expected to pass federal parliament by Thursday after the government and...
Australian businesses are spending too much on artificial intelligence and not enough on the humans in charge of it, costing them investment returns, according to one tech giant. Companies are also failing to establish clear rules and goals for the technology, and are over-estimating how much...
Australia has the resources it needs to be a globally prosperous economy, but it is failing to convert those assets into meaningful growth, a think tank says. Abundant renewable energy, critical minerals, a world-class research sector and ties to the world’s fastest-growing region are among its...
A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts. WHAT DID LABOR ANNOUNCE IN THE BUDGET? * The existing 50 per cent capital gains tax discount...
WHAT THE GOVERNMENT WANTS PASSED * Laws stemming from the federal budget would limit negative gearing to new builds from July 2027, while scrapping a 50 per cent discount on the capital gains tax and replacing it with a minimum 30 per cent rate tied to...
A proposal to clamp down on the loyalty tax paid by disengaged power customers does not go far enough in the view of consumer and small business groups. Australia’s electricity rule-maker initiated a review to tackle the problem of customers ending up on uncompetitive offers after...
Drivers will pay $10 more to fill a 65-litre tank of fuel when tax relief designed to combat surging fuel prices begins to wind back. The move comes after a volley of dire warnings grocery and transport costs would spike and holiday-makers would stay home if...
All drivers should be forced to pay for the damage their vehicles cause to roads and bridges based on the weight of their vehicles, an inquiry has heard, rather than singling out those who own electric cars. Broadening the scope of the NSW government’s proposed road...