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Latest news: Economic Policy

Australia's love of big vehicles comes with big costs

Australia's love of big vehicles comes with big costs

The popularity of large SUVs and utes is driving higher costs, a report reveals the average household's annual spending on transport has risen by 10 per cent.

Crocodile cuddles as regional leaders snap family photo

Crocodile cuddles as regional leaders snap family photo

Crocodile cuddles as regional leaders snap family photo

Crocodile cuddles as regional leaders snap family photo

Australia will launch a $2 billion program to turbocharge trade with Southeast Asia, as regional leaders get up close and personal with crocodiles and koalas.

Aussies to keep more of what they earn as tax cuts pass

Aussies to keep more of what they earn as tax cuts pass

Aussies to keep more of what they earn as tax cuts pass

Aussies to keep more of what they earn as tax cuts pass

Low and middle income earners are guaranteed bigger tax cuts after changes championed by Prime Minister Anthony Albanese cleared federal parliament.

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Price gouging is everywhere, on everything, all at once

Price gouging is everywhere, on everything, all at once

Leading economist Allan Fels says a lack of competition and exploitative practices are just a few reasons why Australia needs to look more closely at prices.

'We'll see': Albanese throws down gauntlet on tax cuts

'We'll see': Albanese throws down gauntlet on tax cuts

Prime Minister Anthony Albanese is putting pressure on the coalition to back Labor's stage 3 tax cut changes, as federal parliament returns for the new year.

Dutton signals support for Labor's changes to tax cuts

Dutton signals support for Labor's changes to tax cuts

Australians in need of greater assistance are soon expected to get some relief, with signs the coalition is unlikely to oppose reworked tax cuts.

Tax talk turns negative as Labor gears for relief

Tax talk turns negative as Labor gears for relief

Changes to tax cuts that increase the returns of lower to middle-income earners have spurred speculation about whether negative gearing changes are next.

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Middle income earners primed for extra tax relief

Middle income earners primed for extra tax relief

Middle income earners primed for extra tax relief

Middle income earners primed for extra tax relief

The prime minister says middle income earners are at the centre of an income tax overhaul that he will flesh out in a speech on Thursday.

Storm clouds loom for economy as rain, floods take toll

Storm clouds loom for economy as rain, floods take toll

Storm clouds loom for economy as rain, floods take toll

Storm clouds loom for economy as rain, floods take toll

The fallout from severe storms in Queensland could lead to consequences for the economy and budget bottom line, Treasurer Jim Chalmers has warned.

NZ government axes $7b in projects as forecasts worsen

NZ government axes $7b in projects as forecasts worsen

NZ government axes $7b in projects as forecasts worsen

NZ government axes $7b in projects as forecasts worsen

New Zealand Finance Minister Nicola Willis says the previous government were "economic and fiscal vandals", revealing a worsening set of economic forecasts.

Transport costs accelerate by more than $900 a year

Transport costs accelerate by more than $900 a year

Transport costs accelerate by more than $900 a year

Transport costs accelerate by more than $900 a year

Households in some parts of Australia are paying more than $27,000 a year for transport after costs in the industry rose again.

Hints of cooling inflation as next rates call looms

Hints of cooling inflation as next rates call looms

Hints of cooling inflation as next rates call looms

Hints of cooling inflation as next rates call looms

Aggressive interest rate hikes are working to slow the economy, timely measures of price movements and the jobs market suggest.

B-word missing in NT chief's speech on economic future

B-word missing in NT chief's speech on economic future

B-word missing in NT chief's speech on economic future

B-word missing in NT chief's speech on economic future

The NT chief minister has talked up the Top End as a "large part of the answer" to some of Australia's biggest economic issues in a major speech on its future.

'No vision': Libs lash first NSW Labor budget in decade

'No vision': Libs lash first NSW Labor budget in decade

'No vision': Libs lash first NSW Labor budget in decade

'No vision': Libs lash first NSW Labor budget in decade

The NSW opposition has delivered a scathing reply to the state budget, as the government faces questions over a missing drug reform summit.

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Calls to cut flight caps to lower prices, boost tourism

Removing a cap on the number of international flights coming into major airports would lower ticket prices and increase quality, an inquiry has heard.

Call to bring forward net-zero to future-proof economy

Australia needs to transition to net-zero emissions by 2035 if it wants to avoid a climate and economic catastrophe, science and engineering groups say.

Public sector reforms may spell budget blues for NSW

NSW Treasurer Daniel Mookhey's budget figures could be in jeopardy, with interest rate rises impacting inflation in the year ahead.

Aussies falling off fixed mortgage to higher rate peaks

About a million Australian mortgage holders have come off low fixed interest rates to a higher variable one since they started increasing.

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Gig workers could be delivered billions in unpaid wages

Gig and labour hire workers could receive billions of dollars in unpaid wages as part of the government's latest raft of workplace reforms.

Super to shield coffers from pension hit as Aussies age

The $3.5 trillion superannuation pool is predicted to grow and shield the budget from higher aged pension payments as Australians age and live longer.

Budget's $20b sugar hit won't be shared with households

Households dealing with cost-of-living pressures are unlikely to get any extra relief despite a budget surplus shaping up to be much larger than forecast.

Employees with disability tiny fraction of senior staff

Australia has one of the lowest employment rates for people with disability in the OECD and the Business Council believes the untapped talent is an opportunity.

Reserve Bank governor pledges 'significant' overhaul

Reserve Bank governor Philip Lowe has laid out a major shake-up of the central bank in the wake of a wide-ranging review into the institution.

Cost-of-living relief on the way for some households

A pay rise for aged care workers, cheaper childcare and energy bill relief are set to come into effect at the start of the new financial year.

'Get on with the program': PM's blunt housing message

A stoush over Labor's $10 billion housing fund has boiled over in parliament, with the prime minister sending a direct message to the Greens.

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