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
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
Millionaire Kyle Sandilands has demanded to know, “Will I get a tax cut?”, as the Prime Minister dodged questions over whether he’s planning to take the axe to promised tax cuts for people earning over $180,000. Anthony Albanese has offered no guarantees over tax cuts for the top end ofContinue Reading
Anthony Albanese has opened the door to new cost of living measures for struggling families in the May budget amid soaring rents and mortgage increases. The Prime Minister has dangled the hope of further relief at a press conference in Sydney where he signalled he remained “positive” about the NewContinue Reading
A hot summer requiring gas to top up electricity generation coupled with power station outages risks triggering an LNG supply shortage, the competition watchdog has warned. A new report released by the Australian Competition and Consumer Commission (ACCC) found that although gas supply to Australia’s east coast market was expectedContinue Reading
Australians frustrated with aggressive interest rate hikes are being warned the alternative is for the government to slash its spending, or demand more in tax. Economists are divided over whether the Reserve Bank should continue to hike up rates to get inflation back on track, with some supporting a turnContinue Reading
A massive number of Australian households are missing out on up to $1072 in rebates offered to assist with the cost-of-living crisis. Queensland Energy Minister Mick de Brenni on Saturday called on the state’s residents to check if friends and family are eligible to avoid missing out. “It’s the biggestContinue Reading
Anthony Albanese has left the door open to providing further cost of living relief for struggling Australians but cautioned against expectations of a looming “cash splash”. The Prime Minister confirmed the government planned to bank the most of the savings from the inflated budget surplus and said the support measuresContinue Reading
A community-led project in western Sydney has revealed the reality for struggling families as energy prices soar. Hundreds of thousands of households and small businesses are paying up to 27 per cent more for electricity across the country as of July 1. The Voices of Power project team have spentContinue Reading
Outrage is continuing to grow at Philip Lowe after the Reserve Bank governor’s “out-of-touch” comments suggesting Aussies work more and spend less to cope with rising interest rates. The 61-year-old economist made the comments at the Morgan Stanley summit on Wednesday, a day after the central bank delivered its 12thContinue Reading