Health, welfare compliance and aged care have been targeted for savings in a budget update that forecasts deficits bigger than forecast in May and pushes out further the return to surplus.
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State and federal leaders seem as far away as ever from an agreement on the direction of tax reform.
Treasurer Scott Morrison has declared that differences between federal and state governments over tax reform may be “irreconcilable” because states want to use funds from a GST change to spend more.
Malcolm Turnbull is looking to an “ideas boom” to be the new source for Australia’s growth, prosperity and jobs now the mining boom has faded.
Transforming Australia into an innovation powerhouse will require overcoming these 10 key challenges.
The government will pledge more than $1 billion in new spending over four years on measures to foster an innovative, risk-taking culture in Australia.
Former ASIO director-general David Irvine has been appointed to the Foreign Investment Review Board.
A last-minute compromise between the government and the Greens will remove the secrecy around the tax affairs of an estimated 281 private companies.
Treasurer Scott Morrison has blocked Chinese attempts to purchase the vast Kidman empire - which amounts to 1.3% of Australia’s total land area.
Business Council of Australia president Catherine Livingstone has told Malcolm Turnbull he has had an “almost unparalleled” impact on national sentiment since becoming prime minister.
The Australian Council of Social Service has released modelling on the regressive effects of increasing or broadening the GST.
Revelations of underpaying by 7-Eleven franchises add to evidence that some franchises are prone to abuses. But why?
The Turnbull government will ban businesses from charging consumers excessive surcharges on their credit cards, and move to inject more competition into the superannuation industry.
Submissions to the government’s taxation white paper show support for reducing concessions for superannuation but with no clear agreement on how to do this.
Finance Minister Mathias Cormann says government spending needs to be reduced in the long term to 24% of GDP “at the most”.
GST will be applied to all online goods, starting from 2017, following a meeting of state and federal treasurers.
The Productivity Commission has recommended paring back Sunday penalty rates, more consideration to economic circumstances in setting minimum wages, and a new form of statutory employment contract.
Reserve Bank governor Glenn Stevens has left open the possibility of another rate cut, but warned against expecting monetary policy to do too much of the work in encouraging economic growth.
A new IMF report predicts a crackdown on cheap credit in China will help reduce China’s real GDP growth rate from 7.4% last year to 6.8% this year and further weaken demand for Australian commodities.
Treasurer Joe Hockey is considering a Google tax similar to that introduced in the UK, but experts warn it could derail global action on tax avoidance.
The federal government has signed its first agreement under its asset recycling initiative – with the Labor government in the Australian Capital Territory. The ACT government is selling nearly A$400 million…
The Australian dollar fell to US77.17¢ overnight on the back of strong US jobs data, hitting values not seen since the GFC in 2009. The currency recovered slightly over the course of Friday morning, tracking…
Bank competition, increased capital levels and poorly designed taxes, such as capital gains tax and negative gearing, have been singled out for reform in the final report of the Financial System Inquiry…
The G20 summit must “go structural, go social and go green”, says OECD secretary-general Angel Gurria. Speaking at Griffith University’s pre-summit conference in Brisbane, Mr Gurria said trade, investment…
International marketing expert Philip Kotler is in Melbourne this week telling Australian companies how best to position their brands in the face of new global challenges. These challenges include the…