NSW government considers increasing coal royalties, says power prices shouldn’t increase
Australia Today The NSW government will investigate increasing royalty rates on the coal industry ahead of next year’s expiry of a price cap. On Thursday, NSW Treasurer Daniel Mookhey announced he would write to stakeholders in NSW’s coal sector, including…
Comm Bank predicts rates to rise at next RBA board meeting
Australians are tipped to be hit with another rate rise when the Reserve Bank board meets on Tuesday, despite the latest figures revealing a drop in inflation. The central bank has whacked homeowners with 12 rate rises since May last…
Corporate giants targeted in new plan to rake in billions worth of tax to boost housing stock
Australia Today Billions of dollars would be collected from big businesses and funnelled into new housing stock should a bold plan to fix the national crisis be adopted by the federal government. The Construction, Forestry, Maritime, Mining And Energy Union…
Phil Lowe’s final plea to boost productivity growth after being dumped as RBA governor
Australia Today Phil Lowe has made one final plea to Australia’s major economic decision-makers as he finishes his term at the Reserve Bank. In a world obsessed with inflation, the Reserve Bank (RBA) governor used his time at his final…
Philip Lowe announced RBA is changing and reveals how it will affect interest rates
Australia Today The Reserve Bank will cut the number of times it meets in a year to set interest rates but make the meetings longer, as the central bank begins the process of implementing recommendations of a wide-ranging review. From…
Senior Liberal backs in ‘poor old Philip Lowe’ amid speculation of his replacement as RBA governor
Australia Today A senior Liberal has said the government should give “poor old” Philip Lowe another chance amid fevered speculation his replacement could be named within weeks. Treasurer Jim Chalmers is expected to make a call on the fate of…
Anthony Albanese mulling over further cost-of-living relief but denies it would be a cash splash
Anthony Albanese – Economy – Australia Today Anthony Albanese has left the door open to providing further cost of living relief for struggling Australians but cautioned against expectations of a looming “cash splash”. The Prime Minister confirmed the government planned…
Petrol prices at lowest level in months but hike expected soon
Petrol prices – Victoria – Australia News Petrol prices are the lowest they have been in many months, with the average national price of unleaded sitting at $1.75 per litre. It’s expected to continue falling over the next few days…
Bill Shorten and Dan Tehan trade barbs ahead of Reserve Bank interest rate call
Australia Today A fired-up Bill Shorten and Dan Tehan have traded barbs in a lively interview in which the former Labor leader likened his sparring partners’ views on wage growth to being “half-pregnant”. The senior politicians fronted up on the…
$20bn surplus will be spent on paying debt rather than cost of living relief, Assistant Treasurer says
Australia Today The federal government has dashed hopes it will use a bigger-than-expected surplus to fund additional cost-of-living relief for Australians doing it tough. Monthly figures, released by the Finance Department last week, showed that in the first 11 months…
