Wealthy residents in some of Australia’s ritziest suburbs saw their already bloated incomes surge by a staggering $90,000 in just a single year, new data reveals. As the country began its recovery from the Covid pandemic, figures released yesterday show the most well-heeled enjoyed a very lucrative return to businessContinue Reading
The start of the new financial year is just around the corner, and as always there are a raft of big changes kicking in. “The end of the financial year always brings with it the opportunity to get your finances in order,” said Sarah Megginson, personal finance expert at comparisonContinue Reading
A union has called out a “troubling” lack of transparency plaguing Australia’s higher education sector after revealing more than one in four positions on university boards are filled with representatives from the corporate mining and finance industries. National Tertiary Education Union (NTEU) research has revealed that of the 545 councilContinue Reading
Red imported fire ants could cost Australia up to $22bn in losses by the 2040s, a major research institute has warned, arguing the federal government may be low-balling the biosecurity threat from the invasive species. The Australia Institute says eradicating the ants has not been properly resourced and the government’sContinue Reading
Scott Morrison’s successor in Cook may on the surface appear all but locked in, but pollsters say there’s a chance things could go “pear-shaped” for the Coalition. Mr Morrison retained the Sutherland Shire electorate with a 12.4 per cent margin in 2022 – although down from 19 per cent inContinue Reading
The government has been accused of playing Big Brother with a new proposal that’s been blasted as an “attack on free speech and democracy” from a top think tank. In an attempt to battle “misinformation”, the government is now flirting with the idea of giving the Australian Electoral Commission (AEC)Continue Reading
Super-sized American-style pick-up trucks and SUVs could be charged higher parking fees by some councils under plans to tax the controversial vehicles off city roads. Trucks like the Ford F-150 and the RAM 1500 have exploded in popularity in Australia in recent years, sparking backlash from some motorists who sayContinue Reading
House prices could be pushed up a “very small amount” under the government’s shared equity scheme and limit the types of properties first-home buyers could purchase, economists have predicted. As Labor battles the Greens to get its next tranche of housing policy through the Senate, economists appeared before a senateContinue Reading
A former Reserve Bank governor has slammed the government’s intention to remove a provision that allows the treasurer to override a decision from the central bank. The government has introduced legislation following last year’s Reserve Bank review to “modernise” the central bank, including a provision to remove section 11 ofContinue Reading
Treasurer Jim Chalmers is facing criticism for remarks made in an interview about the cost-of-living crisis and painful pressures facing millions of Australians. Speaking with veteran political commentator Michelle Grattan for her podcast on The Conversation, Dr Chalmers implied those struggling will have to wait until next year for relief.Continue Reading