Australian News

Raid Future Fund 'at your peril'

Governments need financial ‘insulation’ when times are tough, says Future Fund chair Peter Costello.

3.6m households pay no net tax

Government to target working households receiving more in benefits than they pay in tax.

Rate cut won't deliver growth: RBA

by AAP
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Stevens says too much has been expected of monetary policy around the world.

'Big-bang' tax reform gone

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The government has rejected mammoth tax reform that could deliver personal income tax cuts worth $30bn a year.

$9bn 'boost' from GST lift: BCA

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Australia stands to gain a $9bn boost if leaders have the courage to embrace ‘transformational’ tax changes.

Negative gearing next tax target

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The federal government is looking at ways to cap the use of negative gearing without harming average workers.

Power sale an option: Barnett

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WA Premier concedes he may need to consider the potential $15bn privatisation of the state's electricity poles and wires.

WA 'running out of options' to fix budget

by AAP
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Premier says sale of Western Power could become an option if GST push proves fruitless.

Labor pressured on negative gearing

by AAP
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NSW members pressure federal Labor to seek wind back of negative gearing, super tax breaks.

Budget can lose $90bn: Keating

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It should be possible to strip $90 billion out of the federal budget — a cut of 20 per cent — Paul Keating claims.

Push to end super rate rises

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The government is preparing to scrap an expensive rise in compulsory super that has been damned by employers.

Super plan could hit 9.5m savers

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Malcolm Turnbull risks punishing more than nine million workers with higher taxes on their retirement savings.

Turnbull urged to tone down tax talk

by AAP
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PM faces calls from nervous backbenchers to steer the tax debate away from GST.

NAB's 'out of cycle' rate hike

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National Australia Bank has ­quietly raised interest rates on short-term loans for business and farming customers.

Silver lining to business gloom: D&B

by AAP
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Koukoulas says survey indicators bode well for December quarter GDP, despite business pessimism.

Land tax a key part of GST debate: ACOSS

by AAP
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Welfare group says GST hike to 15% would be unfair on lowest income earners.

Govt must admit revenue problem: Weatherill

by AAP
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SA premier says Australia has a revenue problem, not a spending problem.

Downturn is time to get 'match fit'

Government tells Australian execs to use the downturn to secure future projects.

China still the only show: Carr

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World financial markets have overreacted to news of the slowdown in the Chinese economy, says Bob Carr.

PM warned AAA rating in jeopardy

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Treasury secretary John Fraser warned AAA-credit rating is in jeopardy unless urgent efforts are made to cut spending.

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