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Latest news: Economy, Business and Finance

One in three first-home buyers tap into federal scheme

One in three first-home buyers tap into federal scheme

More first-time home buyers are jumping on a federal government scheme as borrowing costs surge, according to the federal government's housing agency.

Solution to energy transition might be over our heads

Solution to energy transition might be over our heads

Solution to energy transition might be over our heads

Solution to energy transition might be over our heads

Australia could use a "secret weapon" to share the country's wealth of sunshine, kickstart the stalled energy transition and permanently reduce power bills.

Energy operator backs transmission network overhaul

Energy operator backs transmission network overhaul

Energy operator backs transmission network overhaul

Energy operator backs transmission network overhaul

The head of the Australian Energy Market Operator says new transmission lines are a core part of a low-carbon energy system fit for the 21st century.

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Future Fund boss Peter Costello won't seek third term

Future Fund boss Peter Costello won't seek third term

Australia's former federal treasurer Peter Costello won't seek a third term as chair of the Future Fund and recruitment for his replacement is underway.

Talks begin on looming pay day super changes

Talks begin on looming pay day super changes

A plan to claw back billions of unpaid superannuation to workers could force businesses to pay super into employees' funds on the same day as their salary.

Resilience of Australian businesses under a microscope

Resilience of Australian businesses under a microscope

A health check on the business sector and consumers will reveal how well the economy is holding up as price pressures persist and interest rates remain high.

Food delivery firm let poorly trained riders on streets

Food delivery firm let poorly trained riders on streets

A food delivery service operating in four cities has been fined for not properly training hundreds of riders, leading to a warning for other app-based firms.

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Tradies, skilled workers needed for clean energy shift

Tradies, skilled workers needed for clean energy shift

Tradies, skilled workers needed for clean energy shift

Tradies, skilled workers needed for clean energy shift

Tradies and uni graduates with clean energy skills and sustainability credentials are in demand but Australia needs tens of thousands more to hit climate goals.

ATO to name and shame businesses over unpaid debts

ATO to name and shame businesses over unpaid debts

ATO to name and shame businesses over unpaid debts

ATO to name and shame businesses over unpaid debts

The tax office is coming after businesses owing more than $100,000 by threatening to name and shame them in a bid to recoup more than $5 billion it is owed.

CFMEU blasts industry 'hysteria' on workplace reforms

CFMEU blasts industry 'hysteria' on workplace reforms

CFMEU blasts industry 'hysteria' on workplace reforms

CFMEU blasts industry 'hysteria' on workplace reforms

Tradies have no reason to be worried the federal government's workplace reforms will force them to become employees, the construction union says.

Santos in the dock over 'clean gas', net-zero by offset

Santos in the dock over 'clean gas', net-zero by offset

Santos in the dock over 'clean gas', net-zero by offset

Santos in the dock over 'clean gas', net-zero by offset

Australia's biggest gas supplier Santos faces many months of costly wrangling with shareholder activists in the federal court over allegations of greenwashing.

Higher repayments eating deep into borrower incomes

Higher repayments eating deep into borrower incomes

Higher repayments eating deep into borrower incomes

Higher repayments eating deep into borrower incomes

Mortgage holders are funnelling more of their incomes into monthly repayments but are well placed overall to weather challenging economic conditions.

Transport spending accelerates as cost of petrol surges

Transport spending accelerates as cost of petrol surges

Transport spending accelerates as cost of petrol surges

Transport spending accelerates as cost of petrol surges

Australians are forking out more on transport and less on alcohol, tobacco and household furnishings and equipment.

Tax cuts not 'all or nothing' in mooted middle ground

Tax cuts not 'all or nothing' in mooted middle ground

Tax cuts not 'all or nothing' in mooted middle ground

Tax cuts not 'all or nothing' in mooted middle ground

The Australia Institute has proposed changes to looming tax cuts to reduce bracket creep and improve the budget bottom line.

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Farm incomes to tumble as drier conditions take hold

Farm incomes are expected to fall this financial year due to drier conditions and lower prices, the federal government's agricultural forecaster says.

Bill shock set to continue amid immense energy change

Volatility has eased after the energy shocks of past years but cost pressures remain and progress on new assets has stalled, an energy market update shows.

Vegan cats and dogs could help to save the planet

Feeding cats and dogs a nutritionally-sound vegan diet could unlock significant environmental and food energy savings, research by a veterinary professor shows.

Renters hit affordability limit as pace of growth eases

Australian renters are getting closer to the maximum they can afford, with as many as 70,000 rentals needed to bring the market into a healthier balance.

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Wide disparity in gender pay gap across businesses

Australia has made steady progress on closing the gender pay gap but it has started to stall, with some businesses taking leaps and others doing the minimum.

Companies surprisingly busy despite slowing economy

The Australian services sector continues to bring in a lot of new business even as interest rates remain high and consumers start to pull back.

Australia experiencing 1960s-era skills shortage

Australia is experiencing skills shortages not seen since the 1960s and will need to take urgent action if it wants to meet its economic ambitions.

No vacancy tax despite 'unprecedented' NSW homes crisis

A federal fund is due to deliver 1500 extra social houses for NSW, but that represents a tiny fraction of the demand for affordable properties in the state.

Lending to buy homes lifts as prices continue comeback

More investors and owner-occupiers took out new housing loans while dwelling approvals also improved a little in August.

New bank chief holds rates but a rise is still in play

Borrowers have been spared further mortgage pain but one more interest rate hike or a longer stretch on hold may be needed to wrangle inflation under control.

Carbon 'bottom line': Don't trade integrity for offsets

Carbon offsets should be used as a last resort and limited to Australia's heaviest polluters, conservationists warn the federal government.

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