Chalmers rebuffs recession suggestions amid weak economic growth Australia is not expected to fall into a recession, Treasurer Jim Chalmers has assured, even as interest rate hikes slow the economy to a crawl.
“Most appalling” to blame lowest-paid workers for inflation: Tony Burke Australia's lowest-paid workers shouldn't be blamed for inflation, the employment minister said, after the industrial umpire announced a bump to the minimum wage.
Budget predictions show inflation to return to target soon Australians could soon breathe a sigh of relief as federal budget forecasts reveal inflation may temper a year earlier than previously predicted.
Supermarket inquiry recommends divestiture powers, mandatory code of conduct A parliamentary inquiry into supermarket prices handed down its final report on Tuesday, backing laws to break up big players in the grocery sector.
Minimum wage hike could force many small businesses to shutter: Opposition Small businesses could be forced to shutter if Australians on minimum and award wages receive a pay rise, the opposition has warned.
Tax cuts will be in addition to FWC’s minimum wage decision: Chalmers Tax cuts are not a substitute for much-needed wage boosts and Australia's lowest-paid workers cannot have their pay go backwards during a cost of living crisis, the Treasurer says.
Stage 3 tax cuts under the spotlight as opposition decides position While the government has come under fire for breaking an election commitment to leave the Stage 3 tax cuts untouched, the opposition is expected to cement some form of support for the changes at a joint party room meeting.
Governments must improve protections to unlock AI’s full potential The latest report from the Productivity Commission says the popularity of artificial intelligence (AI) and generative AI technologies will pose significant issues.
A hundred thousand financial services complaints in 2023, up 23% as cost of living surges Every two minutes, Australians made a complaint about financial services, with reports involving monetary hardship surging as cost of living pressures loomed large.
Albanese heightens speculation over Stage 3 tax cut changes As speculation swells over possible changes to controversial stage three tax cuts, Albanese said average-income earners would be the focus of relief measures.
Telco slapped with $260,000 fine over customer ID rules breach Australians who lost tens of thousands to SIM card fraud now have retribution after their telco was fined over compliance failures that led to the scam.
Shoppers loosening their purse strings as consumer confidence returns Online shopping, finance and insurance, and travel were the main drivers of spending growth, increasing by 3.9%, 3.6% and 7.6% over the year.
