Australians move to regions seeking affordable housing
House prices in the regions are growing faster than the capitals as Australians abandon big cities in search of affordability. In the three months to April, regional dwelling values increased…
Chalmers puckers up for fight over investor tax stings
Labor is readying for a bruising fight with property investors and wealthier Australians as it begins making the case for major tax reforms, including a crackdown on property investments. Jim…
Pressured media sector boosted by broadcast tax cuts
Australian media organisations including the nation’s independent newswire will receive a government funding injection to safeguard against industry upheaval. Tuesday’s federal budget included funding boosts to the ABC, SBS and…
Electric car owners dodge road charge but pay more tax
Australia’s electric car drivers may escape a road-user charge for another year but will pay more tax under measures revealed in the federal budget. The changes are part of several…
Small beer: revenue from gas export tax set to plummet
Australia’s gas export tax take is set to crater, despite a surge in liquefied natural gas prices driven by the Iran war. Higher commodity prices are set to boost company…
Chalmers’ budget. From landlord paradise to clever country?
Hailed as the biggest reform since the GST, Treasurer Jim Chalmers promises cheaper houses through first home buyer support, negative gearing and Capital Gains Tax changes. Harry Chemay reports from…
Small businesses win as popular supports made permanent
Millions of businesses feeling the economic pain of the Middle East crisis will get some of their tax back along with extra money to buy equipment to help them weather…
Tax relief for workers and pain for investors in budget
All workers will get a $250 tax cut from as part of the federal budget, funded by a raid on investment properties, trusts and other investments. In a budget framed…
Labor MP ‘interfered’ with Hillsong fraud allegations
A Labor MP has been accused of trying to stop fraud allegations against the Hillsong megachurch being aired in parliament. Natalie Louise Moses has sued the federal government claiming she…
Sharp slowdown looms if war lingers, budget papers warn
Lingering conflict in the Middle East could cause Australia’s economy to briefly contract and unemployment to spike to pre-pandemic levels, Treasury warns in the nation’s fiscal blueprint. While Treasurer Jim…