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Latest news: Economic Policy

Labor shrugs off claim tax shift will sink house prices

Labor shrugs off claim tax shift will sink house prices

The government is selling controversial investment tax changes as an attempt to rebalance the playing field between young and old Australians.

Angus Taylor draws 'battle lines' in key party address

Angus Taylor draws 'battle lines' in key party address

Angus Taylor draws 'battle lines' in key party address

Angus Taylor draws 'battle lines' in key party address

Liberals leader Angus Taylor has declared his party the only one capable of replacing the Labor government during a key federal council meeting address.

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.

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Labor happy with softer housing market since budget

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

Investor tax cut call as opponents fight Labor plan

Investor tax cut call as opponents fight Labor plan

A Labor plan to reduce investor incentives has been branded a "productivity tax" as opponents call for lower taxes for those with money to put aside.

Temporary fuel tax cut likely to remain temporary

Temporary fuel tax cut likely to remain temporary

A three-month cut to the fuel excise, prompted by soaring prices caused by the US-Israeli-led war on Iran, appears unlikely to be extended.

Concerns, doubts over Tasmania budget cuts

Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

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Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

'Out of touch': businesses blast ex-PM's budget backing

'Out of touch': businesses blast ex-PM's budget backing

'Out of touch': businesses blast ex-PM's budget backing

'Out of touch': businesses blast ex-PM's budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

Treasurer blames 'misinformation' for war on tax change

Treasurer blames 'misinformation' for war on tax change

Treasurer blames 'misinformation' for war on tax change

Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

'Making more': why young people will keep investing

'Making more': why young people will keep investing

'Making more': why young people will keep investing

'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

Budget brawl escalates over rival tax cut proposals

Budget brawl escalates over rival tax cut proposals

Budget brawl escalates over rival tax cut proposals

Budget brawl escalates over rival tax cut proposals

The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.

Land levy planned despite anti-'forever tax' pledge

Land levy planned despite anti-'forever tax' pledge

Land levy planned despite anti-'forever tax' pledge

Land levy planned despite anti-'forever tax' pledge

A bid to overhaul emergency services funding could result in property owners paying hundreds of dollars for a land tax in one state.

How housing became a generational budget battleground

How housing became a generational budget battleground

How housing became a generational budget battleground

How housing became a generational budget battleground

Pitting investors against first home buyers in the name of intergenerational equity, Labor's fifth budget aims to address young people's housing struggles.

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Rent hikes, more homelessness as climate change bites

Climate change has the potential to widen the gap between renters and homeowners without fairer policy support directed at the worst off.

Coalition's bracket creep plan to cost tens of billions

The coalition's economic plan for Australia would hand back more money to workers by indexing tax rates to inflation at a cost of tens of billions of dollars.

Tax, migration and NDIS in coalition's economic sights

Opposition Leader Angus Taylor has unveiled a raft of economic policies aimed at winning back voter support and countering the rise of One Nation.

Taylor faces 'strategic error' in seizing on migration

Angus Taylor is set to face one of his biggest challenges as opposition leader when he hands down his budget reply amid a growing challenge from One Nation.

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Liberals drop signature insurance company promise

A premier and his government are copping political heat after a decision to tweak a key election commitment around insurance.

Labor tucks away $77b war chest for further tax cuts

A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.

Up in smoke: budget loses $8b more to illicit tobacco

Treasurer Jim Chalmers has continued to resist calls to lower the tobacco excise despite the cigarette black market causing another downgrade in budget revenue.

Budget spending stokes fears of further rate rise pain

An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.

'These geniuses': PM's generational housing gamble

A fight is brewing over housing policy and tax after the federal government handed down a controversial budget, paring back concessions for landlords.

Labor faces parliament challenge to budget tax reform

The treasurer will need to get the Greens or the coalition on board in order to make sweeping changes in his fifth budget a reality.

Budget lacks energy for big renewable project reforms

Households with solar panels and batteries could benefit from changes in the budget but big renewable energy changes were overlooked.

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