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Latest news: Economy, Business and Finance

Coalition budget reply to link housing, migration rates

Coalition budget reply to link housing, migration rates

Opposition Leader Angus Taylor will outline further details of a promised crackdown on migration in his first-ever budget reply speech.

Trump arrives in Beijing for talks with China's Xi

Trump arrives in Beijing for talks with China's Xi

Trump arrives in Beijing for talks with China's Xi

Trump arrives in Beijing for talks with China's Xi

US President Donald Trump has arrived in Beijing for talks with counterpart Xi Jinping that are set to cover the Middle East, trade and Taiwan.

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

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

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

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.

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Rinehart legal saga reignites, Hancock lodges appeal

Rinehart legal saga reignites, Hancock lodges appeal

The epic legal battle between the company owned by billionaire Gina Rinehart and the heirs of iron ore pioneer Peter Wright is set for another chapter.

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

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

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

'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.

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Aussie shares log fourth session of losses, banks drag

Aussie shares log fourth session of losses, banks drag

Aussie shares log fourth session of losses, banks drag

Aussie shares log fourth session of losses, banks drag

Commonwealth Bank shares recorded their worst day in history after an earnings miss and new tax reforms have investors questioning its valuation.

CBA shares suffer biggest drop ever after earnings miss

CBA shares suffer biggest drop ever after earnings miss

CBA shares suffer biggest drop ever after earnings miss

CBA shares suffer biggest drop ever after earnings miss

Australia's largest bank turned a smaller-than-expected quarterly profit of $2.7 billion because it set aside more cash to protect from loans that go bad.

Labor faces parliament challenge to budget tax reform

Labor faces parliament challenge to budget tax reform

Labor faces parliament challenge to budget tax reform

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

Budget lacks energy for big renewable project reforms

Budget lacks energy for big renewable project reforms

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.

Green groups warn climate courage missing from budget

Green groups warn climate courage missing from budget

Green groups warn climate courage missing from budget

Green groups warn climate courage missing from budget

Budget announcements for green industry and nature protection fall short as climate costs mount and opportunities to extract more fossil fuel income go missed.

Business sector urges Canberra to tackle red-tape cuts

Business sector urges Canberra to tackle red-tape cuts

Business sector urges Canberra to tackle red-tape cuts

Business sector urges Canberra to tackle red-tape cuts

A powerful alliance of business groups has given the federal budget a tick but says Labor needs to take bigger steps to rid the sector of costly red tape.

Canberra embraces AI data crunch for medicines to tax

Canberra embraces AI data crunch for medicines to tax

Canberra embraces AI data crunch for medicines to tax

Canberra embraces AI data crunch for medicines to tax

Artificial intelligence tools will be used in unexpected ways by the government, from finding tax-return mistakes to assessing environmental projects.

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Targets and tests firm up for migrants under budget

A push for fewer, more skilled migrants and a more robust migration system has been outlined in the 2026/27 federal budget.

Australians move to regions seeking affordable housing

Australians are leaving the cities for inland areas as growing house prices shift migration patterns, bringing positive and negative flow-on effects.

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

Tax relief for workers and pain for investors in budget

Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.

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Pressured media sector boosted by broadcast tax cuts

Television and radio stations will pay lower tax bills for the next two years, while news outlets will get funding increases to navigate a changing industry.

Small beer: revenue from gas export tax set to plummet

The petroleum resource rent tax is projected to raise $1.85 billion less in revenue than the beer excise by 2029/30, heaping pressure on Labor to tweak the tax.

Electric car owners dodge road charge but pay more tax

Electric vehicle drivers will not have to pay an annual fee to use Australia's road network under budget changes but a tax discount will be wound back.

Pacific nations secure more funding for climate and aid

Australia will provide a range of aid measures to neighbours in the Pacific as the region prepares to help host a major climate change summit.

Michelin Guide arrival may boost Australian hospitality

The prestigious Michelin Guide is coming to Australia for the first time, but it will only cover restaurants in one state.

Aussie shares wobble ahead of budget, oil surges again

Deteriorating US-Iran relations and concerns over flagged tax reforms weighed on the local share market, which has fallen in 15 of the past 19 sessions.

Last-minute budget pitch to 'level field' for young

Labor has made a pre-budget pitch to young Australians on social media as the government shakes up the tax system to help more people buy homes.

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