government

Lifting the super guarantee would mean more superannuation in retirement but lower wages today, according to the findings of the long-awaited Retirement Income Review. The report found that lifting the super guarantee (SG) rate to 12% would lead to ... More

Victims of the Centrelink robodebt saga will share in a further $1.2 billion compensation after a landmark class action was settled on Monday. The settlement from the Gordon Legal class action, the largest in Australian history, includes an additional ... More

Treasurer Josh Frydenberg says Australia's Budget faces the most severe "economic crisis since the Great Depression". So just how far are we away from recovery? COVID-19 means the Australian government had to spend, spend and spend - to the tune ... More

More than 11 million low and middle income earners are set to save thousands in future and backdated tax, in what is one of the key pillars of this year's historic Federal Budget. Previously announced "stage two" tax cuts, originally slated for ... More

When Australians took to Twitter during tonight's Budget Speech, it was less to celebrate what was included in the government's spending plan, and more to point out just what was missing. No increase to JobKeeper or JobSeeker While Treasurer ... More

Ten thousand additional first home buyers will be able to access the First Home Loan Deposit Scheme (FHLDS), allowing them to get into their first home with a deposit as small as 5%. The new places will be available from today until June 30 next year. ... More

The Australian economy generated 111,000 new jobs in August, lowering the unemployment rate to 6.8% from its 22 year high of 7.5% in July. The shock result sees full-time employment lift from 36,200 to 8.58 million people, while part-time employment ... More

Best and worst performing sectors this week Materials and Consumer Staples have been the best performers so far as they both up nearly 2% with Communication Services not far behind up more than 1.5%. The worst performing sectors include Energy, which ... More

The government support you are relieved to receive - or irked not to receive - has come at a cost of $289 billion. The help this has provided in weathering the COVID-19 storm is yet to be seen. Still, that hasn't stopped the government taking us ... More

The federal government is set to return more than 470,000 robodebts valued at $720 million, after admitting that its method for assessing the income of welfare recipients was flawed. But how do you know, and what should you do, if you're due for ... More