Finance
Record defence spend to counter ‘more dangerous world’
22 April
Australia will drastically increase spending on missile defences, drones and AUKUS nuclear submarines in a significant change to the nation’s defence posture to meet a “more dangerous and uncertain world”. Defence Minister Richard Marles laid...[Read More]
Showers free in aged care reform as health rebate cut
22 April
Private health insurance rebates will be slashed for older Australians to fund essential home care services such as showering and dressing support. The federal government has backed down on a requirement that people receiving aged care support pay...[Read More]
‘Tiny’ tax returns on gas has leading economist fuming
23 April
Australians deserve a fairer return on gas extracted from the ground than the embarrassing sums raised through existing resource tax settings, a leading economist argues. Former Treasury secretary and author of a prominent tax review, Ken Henry,...[Read More]
Australians love their cash and will carry or hoard it
23 April
If you are one of those people who still carry a bunch of $10 or $20 notes around in your pocket in case of emergencies, you’re not alone. While a majority of payments made in Australia are done by electronic means, including cards, about half of...[Read More]
Oliver’s Insights – “Never waste a crisis” – The top five things needed in the coming Budget
23 April
Key points The upcoming Budget is an ideal opportunity to reframe government policy to put the economy onto a stronger path. The latest global crisis adds to the case for this. The five key things the Budget needs to do are: limit any...[Read More]
Warning for borrowers as RBA frets over its credibility
23 April
Australia could be heading back to the runaway inflation of the 1970s and 1980s if people lose faith in the Reserve Bank, a top central bank official says. Speaking at a panel of economists during the International Monetary Fund spring meetings in...[Read More]
‘Pretty severe’: warnings for Australia ahead of budget
23 April
Treasurer Jim Chalmers is en route to the US for crucial talks as the IMF delivered a dire forecast for Australia’s inflation rate and warned of a global recession. Dr Chalmers will discuss the economic maelstrom with international counterparts at...[Read More]
Fuel pump prices to ease amid shipping breakthrough
23 April
Motorists are cashing in on falling petrol prices following a ceasefire in Iran but relief may be short-lived, with the scenario expected to remain volatile for months. Prices at the bowser have dipped below $2.10 a litre and under $3 for diesel for...[Read More]
Understanding intergenerational wealth
23 April
Intergenerational wealth refers to the financial assets, investments, and valuable resources passed from one generation to the next. This can include property, shares, superannuation, savings, family businesses, or even sentimental assets such as...[Read More]
Top 5 tips to motivate kids to save
23 April
Building strong money habits early can set children up for a lifetime of smart financial decisions. It all starts with simple lessons in saving, spending, and valuing what matters most. Help Them Set a Clear Goal Saving is much easier when...[Read More]
Making the most of dalary sacrifice: A smarter way to build your super
23 April
When it comes to building long-term wealth for retirement, one strategy that often gets mentioned—but not always fully understood—is salary sacrificing into superannuation. While it may sound complex, the concept is relatively straightforward...[Read More]
Understanding the NDIS: Who it supports and how it works
23 April
The National Disability Insurance Scheme (NDIS) is Australia’s flagship program designed to support people living with permanent and significant disability. At its core, the NDIS provides funding to eligible individuals so they can access the...[Read More]
Oliver’s Insights – Nine key longer term consequences of the US/Israeli war with Iran
16 April
Key points Uncertainty remains high over the US/Iran War with a ceasefire declared but no agreement in talks so far. Tensions continue to remain high and oil flows remain restricted, with Trump announcing his own blockade on the Strait of...[Read More]
Fact or fiction? What you can expect with Payday Super
16 April
Deputy Commissioner Emma Rosenzweig busts some Payday Super myths. With just 3 months to go until Payday Super begins, I’ve been hearing a lot of questions from employers, and a few common myths too. Let’s clear up a few of the biggest...[Read More]
‘We won’t be spared’: inflation warning to Australia
16 April
The treasurer is jetting to the United States for talks as the International Monetary Fund warns Australia is is projected to have one of the highest inflation rates as the Middle East conflict threatens a global recession. Jim Chalmers will head to...[Read More]