economy
Oil crisis not over: warnings of diesel over $4 a litre
6 May
Diesel prices could surge above $4 a litre in coming months under a scenario modelled by economists at National Australia Bank, potentially spelling a much more severe economic fallout than forecast by the Reserve Bank. Fears of service stations...[Read More]
PM rubbishes budget tax speculation as home prices slow
6 May
Tax changes in the upcoming budget are designed to help young people own a home, the prime minister says, as a downturn in Australia’s largest property markets gathers steam. Asked about reported changes to negative gearing and the capital gains...[Read More]
Worse to come as oil crisis adds fuel to rate-pain fire
29 April
Australia’s headline inflation rate has climbed to a two-and-a-half year high due to the Iran war but Treasurer Jim Chalmers warns the worst is yet to come. The jump in the Australian Bureau of Statistics’ annual consumer price index, to 4.6 per...[Read More]
Inflation levels surge following war in Middle East
29 April
The impact from the Iran war has led to a surge in inflation, in the first major piece of economic data since the conflict began: * Headline inflation rose from 3.7 per cent to 4.6 per cent in the year to March * It’s the highest headline...[Read More]
More fuel on the way to bolster Australian reserves
29 April
An extra 500 million litres of fuel will enter the country’s reserves in coming weeks, as dozens of cargo ships are en route to Australia. Energy Minister Chris Bowen on Sunday confirmed 4.6 billion litres will enter the country in the coming four...[Read More]
Aussie travellers on the go as Asian airport hubs shine
29 April
Airlines in Australia and around the world have trimmed flight numbers and increased airfares on the back of the Middle East crisis, but that hasn’t stopped Aussies from heading overseas. The nation’s biggest airport has revealed the March...[Read More]
Payday Super Reforms: A Summary of the ATO’s Updated Position and Employer Obligations from 1 July 2026
22 April
Paul Zenkteler Client Relations Manager - Oracle Insolvency Services On 1 July 2026, significant reforms to Australia’s superannuation payment regime will commence following the Federal Government’s introduction of “Payday...[Read More]
Warning for borrowers as RBA frets over its credibility
22 April
Australia could be heading back to the runaway inflation of the 1970s and 1980s if people lose faith in the Reserve Bank, a top central bank official says. Speaking at a panel of economists during the International Monetary Fund spring meetings in...[Read More]
‘Pretty severe’: warnings for Australia ahead of budget
22 April
Treasurer Jim Chalmers is en route to the US for crucial talks as the IMF delivered a dire forecast for Australia’s inflation rate and warned of a global recession. Dr Chalmers will discuss the economic maelstrom with international counterparts at...[Read More]
Fuel pump prices to ease amid shipping breakthrough
22 April
Motorists are cashing in on falling petrol prices following a ceasefire in Iran but relief may be short-lived, with the scenario expected to remain volatile for months. Prices at the bowser have dipped below $2.10 a litre and under $3 for diesel for...[Read More]
Job market yet to feel impact of Iran war, rate hikes
22 April
The Iran war has yet to hit Australia’s robust labour market, but a double-blow to unemployment from higher oil prices and the Reserve Bank is on its way. The jobless rate held steady at 4.3 per cent in March, despite the Middle East conflict...[Read More]
Record defence spend to counter ‘more dangerous world’
22 April
Australia will drastically increase spending on missile defences, drones and AUKUS nuclear submarines in a significant change to the nation’s defence posture to meet a “more dangerous and uncertain world”. Defence Minister Richard Marles laid...[Read More]
‘We won’t be spared’: inflation warning to Australia
15 April
The treasurer is jetting to the United States for talks as the International Monetary Fund warns Australia is is projected to have one of the highest inflation rates as the Middle East conflict threatens a global recession. Jim Chalmers will head to...[Read More]
Spoils of Iran war to deliver Chalmers a budget boost
15 April
The Iran war is set to deliver a $36 billion windfall for Treasurer Jim Chalmers, but increased spending on cost-of-living measures could derail efforts to get the budget back in black. Even with a fragile ceasefire holding in the Middle East, the...[Read More]
RBA’s stagflation nightmare: prices up, confidence down
15 April
The Reserve Bank board will have to earn its money to navigate Australia through a “nightmare” stagflation shock, a top central bank official says as confidence tanks and prices soar. The RBA was still “feeling its way” through the energy...[Read More]