While all workers benefit from the 9% superannuation guarantee, those on middle incomes benefit significantly less than lower and upper incomes.
Bill Shorten has said a Labor government would repeal already-legislated tax cuts for companies with an annual turnover between A$10 million and $50 million, but left its position up in the air for those between $2 million-$10 million.
Even though Australia has enjoyed 25 years of economic growth, many regional communities have either struggled to recover or never recovered from factory closures, declining commodity prices, or a drop in tourists.
According to Finkel, his national energy plan could save households up to $90 a year and businesses even more.
One of Australia‘s most senior cyber crime investigators has warned that the country’s “critical infrastructure and systems of national significance” are being targeted by international hackers.
The International Monetary Fund (IMF) has noted that the global economy has recovered in investment, manufacturing and trade.
An updated report about underpaid superannuation has been handed to senate inquiry by former federal treasury director of the retirement income modelling taskforce Phil Gallagher.
Australian shares experienced a downslide on Wednesday. While prices of copper and iron ore showed a regressive growth, gold prices remained steady.
The Australian dollar has witnessed a significant downslide against its US counterpart. The development comes amid a forecast in the increase of US interest rates supporting the US currency.
Australian stocks are expected to open slightly lower on Tuesday as investors await the decision of the Reserve Bank of Australia (RBA) for its second monetary policy of 2017.
The Organisation for Economic Cooperation Development (OECD) has warned that expanding household debt could bring about a recession. The findings come in the organisation’s first review of the Australian economy since August 2014.
Australian shares witnessed an increase on Tuesday, helped largely by buying in financial stocks. The S&P/ASX 200 index increased 0.5 percent (or 26.5 points) to reach 5750.5 points. Meanwhile, the benchmark on Monday had seen a downslide of 0.3 percent.
Marriott International has planned to open a 128-room hotel in Hobart in 2018.
The Aussie dollar soared against the US currency on Friday, climbing past 77 US cents. The Australian dollar reached 77.14 US cents.
The Reserve Bank of Australia released the newly designed $10 banknote on Friday featuring the famous Australian writers Andrew Barton "Banjo" Paterson and Dame Mary Gilmore.
The National Australia Bank (NAB) has released a survey in January showing that the country's economy was stronger compared to last year's Q3 report.
Alibaba founder Jack Ma said during the opening of the first Australian and New Zealand branch of his company on Saturday that Australia is a gold mine.
Fewer Aussie CEOs has expected business conditions to improve in 2017 than in the previous year. However, they were cautious optimistic in the improvement according to AI Group's Business outlook survey.
Donald Trump’s first press conference after winning the presidential election in which he addressed his alleged Russian connection has caused the Australian dollar to surge by one US cent. It is expected to surge further up to 78 US cents.
Data shows that job vacancies increased by 2 percent to 181,000 in the three months until November. Compared to the same period of time last year, this rise is 7 percent more.
Australia’s retail sales figures are out, and they are not even near to what was expected. The AUD saw a relative declined in value in early local trade on Tuesday.
Publicly funded RAAF jets cost Australian taxpayers a $600,000 bill from July to December 2015 for picking up and dropping off federal politicians.
Experts fear of a possible $5 trillion meltdown for Australia if global trade flows are disrupted due to the South China sea dispute.
NAB will increase the variable interest rates for home loans from Monday.
Shortage of gas is threatening the existence of Australia's largest wool manufacturer, Victoria Wool Processor. The company was unable to acquire a natural gas dealer.
Rethink Success, a National Australia Bank whitepaper, revealed that 57 percent of Australians consider happiness as the basis for success in life. It was followed by having strong relationships, feeling fit and healthy, being a good person, having a good marriage, having good mental health and being control in own's life. More than 2000 people participated in the survey between ages 16 and 70.
The United Kingdom’s Brexit can bring new opportunities for Australians, according to Alexander Downer, Australia’s high commissioner to the UK. He said the UK’s exit from the European Union shouldn’t affect Australia’s chances of entering trade deals with the UK.
As the EU referendum comes to a close, the Australian market is preparing for a possible Brexit (Britain Exit from the European Union) win, which would have implications in the local market. Many Australian stock investors are waiting for the official outcome to arrive before buying or selling stocks.
Scott Morrison presented his first budget plan as treasurer on Tuesday, outlining the need for a more diverse economy and announcing a ten-year enterprise plan to support jobs and growths.
Negative gearing and capital gains tax are a looming battleground in the federal election, with a report last month showing that reforms would lead to rent increases of between 4% and 10%.
