The ACTU will push for a pay hike of 5 per cent in the upcoming annual wage review, arguing that an inflation-beating pay increase can be afforded by businesses when profits are surpassing their pre-pandemic levels. But the ACTU’s claim will be met with fierce resistance by employers, while theContinue Reading

Australians who will miss out on generous tax cuts aren’t mostly wealthy company bosses or bankers, but ordinary hardworking tradies and small business owners, one economic commentator argues. Prime Minister Anthony Albanese today confirmed the government will water down Stage 3 tax cuts, taking money from those on higher incomesContinue Reading

Skyrocketing supermarket prices and surging airfares have been examined in a union-backed inquiry into allegations of price-gouging by business. The nation’s peak union body, the Australian Council of Trade Unions, is currently conducting the probe which is led by former competition tsar professor Allan Fels. Fels was the inaugural chairContinue Reading

Tougher rules that would make it harder for major corporations seeking to acquire their smaller rivals are set to be considered under a new two-year review into Australia’s competition settings. Announced by Treasurer Jim Chalmers and Competition assistant minister Andrew Leigh on Wednesday, a new two-year review will be managedContinue Reading