Yesterday
Why Trump needs to know about Australia’s super funds
Super funds can help fund America’s AI race against China. This could be Australia’s bargaining chip with the president on tariffs, Daniel Mookhey says.
- Matthew Cranston
December 2024
Home sales, tax blunder push out NSW budget gap
Sluggish home sales, more help with energy bills and a $440 million tax miscalculation have increased the budget deficit in Australia’s most populous state.
- Luke Costin
November 2024
NSW braces for Trump trade turbulence and bond market shocks
The state’s treasurer has warned an erosion in free trade could make Australians poorer, as the incoming administration weighs imposing costly tariffs.
- Michael Read
October 2024
Fund private hospitals or risk patient safety: surgeons
Surgeons and other medical specialists say the government must help bail out private hospitals and reform the way insurers fund the system.
- Michael Smith
August 2024
Non-compete clauses under scrutiny in competition reform
Jim Chalmers says boosting dynamism in the economy and lowering barriers to labour mobility are key priorities for a national policy reset.
- Tom McIlroy
July 2024
NSW premier backs independent administration of CFMEU
Chris Minns will suspend the union and ban any donations from it after a hidden police camera captured a union leader being passed $5000 in a suspected kickback deal.
- Updated
- Gus McCubbing
June 2024
- Opinion
- The AFR View
Mookhey’s NSW budget misinformation
The truth is NSW doesn’t have a revenue black hole. It has a problem with limiting the size of government.
- The AFR View
Fights over pay rises challenge a bold prediction in NSW budget
A $10.7 billion windfall from soaring property taxes will pay for more public servants but won’t stop NSW posting deficits for nine straight years and risking its AAA credit rating.
- Updated
- John Kehoe and David Marin-Guzman
- Analysis
- NSW budget
NSW budget shows a $6b GST hit, but Mookhey says it’s double
NSW Treasurer Daniel Mookhey insists the state budget has been “ripped off” $12 billion in GST, even though his budget papers show a shortfall of half that amount.
- John Kehoe
- Opinion
- NSW budget
Mookhey may need a wages miracle to land this budget
NSW is sucking extra tax out of the asset-rich, property-owning class that has enjoyed a massive asset price boom, to spend more on government services, housing and public sector employees.
- John Kehoe
NSW’s ambitious plan to build 30,000 new homes
The NSW government will intervene in the construction sector by releasing surplus land that will be used for home building.
- Campbell Kwan
Winners and losers in the NSW budget
Prospective homeowners, essential workers and developers are the biggest winners, while middle-income households facing cost of living pressures lost out
- Campbell Kwan
‘Stealth’ land tax could drive investors from NSW and push up rents
Propertybuyer founder Rich Harvey says the land tax threshold freezes are a tax grab and he is “thinking twice” about buying more properties in NSW.
- Campbell Kwan and Nila Sweeney
- Exclusive
- NSW budget
The secret reason behind NSW’s ‘nonsense’ claim on $12b GST shortfall
NSW’s AAA credit rating is on the line. The federal government, other states and rating agencies believe NSW made an error forecasting GST revenues.
- John Kehoe
- Exclusive
- NSW budget
NSW $113b fund manager faces shake-up
NSW’s TCorp is a top 10 Australian institutional investor and is the central borrowing authority of the state.
- John Kehoe
Shock property tax rise hits landlords, holiday homes
Investment properties in NSW will be hit by a $1.5 billion increase in land taxes, which the real estate industry warns could cost thousands of dollars a year and be passed on to renters.
- John Kehoe
Home ownership is this Labor treasurer’s great middle-class goal
NSW Treasurer Daniel Mookhey, who hands down his second budget on Tuesday, says building wealth and financial security through home ownership must be a core objective of the modern Labor Party.
- John Kehoe
May 2024
The instigator of WA’s GST deal says it is failing
Colin Barnett says there was no need for the prime minister to lift WA’s minimum GST “floor” from 70¢ to 75¢ in the dollar, as is set to occur from July.
- John Kehoe
April 2024
Chalmers stares down NSW funding threat in GST row
NSW Treasurer Daniel Mookhey says an inequitable GST allocation will likely cost the state its remaining two AAA credit ratings.
- Samantha Hutchinson
NSW set to lose its AAA credit ratings: Mookhey
The NSW Treasurer has blamed a $12 billion budget hit on the GST carve-up, as he conceded the state would be stripped of its top-tier ratings.
- Tom McIlroy