Federal Jim Chalmers says he expects inflation will be tamed get, despite the May figure hitting 4 per cent and raising fears the Reserve Bank could be forced to hike the cash rate again. The Treasurer on Sunday was spruiking the stage 3 tax cuts and other federal government measuresContinue Reading
From tax and minimum wages to energy costs and superannuation, Australia’s financial landscape will change dramatically from July 1. All Australians will nab a cash boost as stage 3 tax cuts kick in, and new data from consumer comparison website Finder shows most Australians need it. Just two in 5,Continue Reading
All Australian households will receive cost of living relief in Tuesday’s federal budget, as Treasurer Jim Chalmers promises to strengthen the economy with the bold Future Made in Australia plan. In his own personal Oprah moment, the treasurer has delivered a tax cut for every Australian, a boost in welfareContinue Reading
Treasurer Jim Chalmers has defended his budget as a “conservative” and “cautious” spend that would not spark inflation by “spraying cash around”. Appearing on the ABC following his budget speech on Tuesday night, Mr Chalmers rejected the argument his relief measures, such as $300 energy rebate for every household andContinue Reading
Treasurer Jim Chalmers is betting a $75 quarterly rebate will be enough to calm household anger about rising power bills and the cost of living crisis, as the federal government gears up for an election in the next 12 months. Hamstrung by persistently high inflation, Labor is hoping voters willContinue Reading
Queenslanders will get a $1000 energy bill rebate, paid for by coal royalties. Premier Steven Miles and Treasurer Cameron Dick announced the $2.5bn payment on Thursday. The upfront, per-household cash splash will be applied from July 1, and the Premier says it means people won’t pay a cent for electricityContinue Reading
Treasurer Jim Chalmers is all but assured of delivering back-to-back surpluses, with new figures showing thumping revenue flows and tightened federal purse strings are set to keep the budget in the black. The figures, released by the Department of Finance on Friday, showed the 2023-24 underlying cash balance to theContinue Reading
Anthony Albanese has defended his support for young Australians, arguing that the relief measures rolled out to date by his government are helping take the pressure off the continued cost of living crunch. Speaking in an interview on ABC’s youth radio station Triple J, the Prime Minister said the changesContinue Reading
Energy bill relief, better fuel price reporting and home loan reforms should be considered as part of Labor’s next cost-of-living package, David Koch says. A major remodel of the stage 3 tax cuts will be unveiled by Anthony Albanese when he addresses the National Press Club on Thursday. The changes,Continue Reading
One state government is delivering a $500 boost to some families and small businesses as its second round of energy bill relief payments begin. The second instalment of relief is now flowing to thousands of South Australians, providing vital support in the lead up to Christmas. Worth approximately $254 million,Continue Reading