A budget of “must-haves,” not “nice-to-haves” was how NSW Treasurer Daniel Mookhey handed down his second state budget of Tuesday. While the state is forecast to record deficits over the forward estimates to 2027-28, the budget centrepiece was a $5.1bn investment to create new public housing, with half of theContinue Reading
NSW Treasurer Daniel Mookhey will hand down his second budget on Tuesday, flagging fiscal responsibility, and deflating any hopes of any cash splashes. While Australians living in Queensland were treated to billions in cost-of-living relief – like a $1000 electricity rebate and 50 cent flat public transport fare – NSWContinue Reading
Billionaire media mogul James Packer has given an extraordinarily candid interview, delving into both his personal life and his views on the broader business world. Speaking to The Nightly, a newly launched newspaper, Mr Packer said he would never do business in China, nor would he dabble in the casinoContinue Reading
When the stage three tax cuts were originally designed back in 2018 by Scott Morrison’s government, a major motivation was cracking down on tax-avoiding tradies. That’s the view of finance expert and leading commentator Alan Kohler, who offered a fascinating insight into how millions of Aussies get around high taxContinue 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
From the 1940s radio addresses of Liberal Party founder Sir Robert Menzies to the legendary film The Castle, ideals of ownership of the family home have long been central to everyday Australian life. But in the almost 60 years since home ownership rates peaked back in 1966, the role ofContinue Reading
A financial planner’s advice for Aussies to minimise their tax after the government’s stage three tax cuts has sparked a war of words online. James Wrigley, principal at First Financial in Melbourne, shared his thoughts on the changes kicking in from July 1, 2024, in a viral TikTok video onContinue Reading
A Gold Coast woman has been torn apart online after taking to social media to complain about her whopping $13,000 tax bill. Just have many workers have done before her this tax period, when Marina Askew-Panetta was told that she owed the ATO money she jumped on TikTok to ventContinue Reading
A tax expert has quickly dismantled a woman’s TikTok rant about her $13,000 tax bill, claiming the figures are “basic maths”. Gold Coast woman Marina Askew-Panetta copped a huge backlash after she took to social media to vent her frustration over her massive tax bill from the Australian Taxation OfficeContinue Reading
The opposition has accused the Albanese government of walking away from an election promise after the announcement of “modest” changes to the superannuation system. Australians with more than $3 million in their superannuation accounts will have their concessional tax rate doubled from July 1 2025, in a move predicted toContinue Reading