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
Amendments to the later overhauled stage 3 tax cuts were examined by the federal government as early as June 2022, correspondence between Treasury and Treasurer Jim Chalmers’ office has revealed. A two-page ministerial submission, released under freedom of information laws, shows Treasury officials presented three separate options to amend theContinue Reading
The Greens will go to the next election promising to scrap tax handouts and invest billions of dollars for a public property developer to build homes to plug critical housing gaps for renters and first-home buyers. Against a backdrop of a housing battle with Labor over the government’s shared equityContinue Reading
There are growing concerns Anthony Albanese is preparing to break another promise which the property industry says will only hurt renters. In the wake of the prime minister’s backtracking on support for the stage three tax cuts, which he pledged to keep during the last election but last month overhauled,Continue Reading
Anthony Albanese will use a major address to justify unravelling legislated stage three tax cuts in order to help “middle Australia”, arguing that policy must pivot to address the cost of living crunch. Despite guaranteeing dozens of times during the 2022 election, and in the 19 months since, that Labor’sContinue Reading
The Albanese government is poised to overturn its pledge to deliver the stage 3 tax cuts in full as it seeks to assist low and middle income earners facing the ongoing cost-of-living crunch. But while all Australians will receive a tax cut under the Albanese government’s updated tax package, setContinue Reading
Anthony Albanese has been put on notice over expected changes to tax cuts. Shadow treasurer Angus Taylor put the Prime Minister on blast over modifications to the stage 3 tax cuts, accusing him of “waging class warfare”. Cabinet met on Tuesday and approved the updated tax plan that will slashContinue Reading
Baby Boomers who can afford to should be required to pay more for aged care, a federal government taskforce has advised the government. The taskforce has advised Aged Care Minister Anika Wells to change means-testing for aged care services to require wealthier Australians to pay more out of their ownContinue Reading
A push to legalise recreational cannabis use in Australia has been opposed by the country’s peak medical body, which argues it will send the wrong message about potential social and health-related harms. In its submission to the Greens’ Legalising Cannabis Bill, the Australian Medical Association (AMA) said legalising recreational useContinue Reading
The business lobby has been met with fierce resistance over its attempts to “bust the big Australia myth”, amid accusations migration has aggravated the nation’s chronic housing shortage. Releasing a paper on migration reform on Thursday, the Business Council cautioned that major changes are needed to unblock the country’s immigrationContinue Reading