<strong>Cost-of-living help branded ‘Band-Aid on bullet wound’</strong>
Shadow Treasurer Angus Taylor speaks during a television interview at Parliament House in Canberra. By Tess Ikonomou Power bill relief for struggling households will sail through parliament but manufacturing subsidies face a more uncertain path. The federal coalition has delivered an initial response to Treasurer Jim Chalmers’ budget, with Opposition Leader Peter Dutton to hand down […]
<strong>Economists warn budget could ‘poke inflationary bear’</strong>
By Poppy Johnston A pitch to bring inflation back to target by as soon as Christmas has been muddied by economists worried about new spending and energy bill relief for all. Forecasts embedded in the Albanese government’s third budget show inflation will go back within the two-to-three per cent range targeted by the Reserve Bank […]
Australian Federal Budget: Winners And Losers
Winners Losers
Households to get energy bill relief, rent help goes up
Federal Treasurer Jim Chalmers delivers his third Budget to Parliament in Canberra on Tuesday. By Dominic Giannini and Andrew Brown Every household will receive an energy rebate and there will be an increase in commonwealth rent assistance in the federal budget as the treasurer promises to help struggling Australians without making inflation worse. Jim Chalmers had […]
<strong>Budget 2024: Conveyancers welcome home building package, but is it enough?</strong>
AIC Victoria president Shakila Maclean questions the Budget’s support for home owners. By Sam McKeith, Australian Conveyancer Magazine. Key players in the Australian conveyancing sector have cautiously welcomed the federal government’s 2024/25 budget, backing extra investment in housing while flagging a lack of new support for homebuyers trying to get into the property market. Tuesday’s […]
‘No frills’, ‘stable’ budget draws mixed response
By William Ton Stakeholders have described the 2024 Victorian state budget as a subdued and stable spending plan compared to previous years. REACTION TO THE VICTORIAN BUDGET “This is much more of a responsible spend and they’re recognising that it’s time to live within the means so in all, a no frills budget for business” […]
Budget billions to flow for neglected Sydney roads
By Sam McKeith The federal government has pledged $1.9 billion for road works in Sydney’s west after fears the area would lose out due to a infrastructure spending shake-up. Almost $2 billion will be spent on roads in Sydney’s west after some projects in the fast-growing area were put at risk in a federal infrastructure […]
<strong>Anti-money laundering gets budget boost</strong>
Australia is at risk of becoming a money laundering haven, the attorney general says, with the federal government to allocate $170 million of budget funding for regulators to stamp out the practice. Lawyers, accountants, trust service providers, precious stone dealers and real estate agents may soon need to do due diligence on customers and report suspicious matters to […]
Inflation Warnings Ahead: Impact on the Federal Budget
By Poppy Johnston The Reserve Bank has warned the path to bring inflation down will be bumpy, complicating the economic backdrop for the upcoming federal budget. Inflation has not been beaten, as the Reserve Bank has reminded Australians, and the federal treasurer will be under pressure to help not hinder the central bank as he […]
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