June
- Opinion
- Bonds
Are state governments on the brink of a debt crisis?
Victoria and Queensland have caught the infrastructure fever from NSW and have super-sized it. But financial discipline is in short supply.
- Tim Hext
NSW’s new $47b fund loads up on equities to chase returns
NSW’s TCorp will combine more than six funds into one big fund and shoot for higher returns. It will lean on equities to do the heavy lifting.
- Anthony Macdonald
- 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
- GST
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
- Daniel Mookhey
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
‘Grow a backbone’: Dutton accuses PM of misleading public
The opposition leader claimed the PM must have known how Chinese officials had treated reporter Cheng Lei when he plead ignorance. How the day unfolded.
- Updated
- Nick Bonyhady
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
NSW budget winners; Bitcoin ETFs arrive in Oz; 15 ASX stock picks
Read everything that’s happened in the news so far today.
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
- GST
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
- Daniel Mookhey
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
April
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
- Opinion
- Opinion
An unwise treasurer is losing NSW’s prized AAA rating
Treasurer Daniel Mookhey cannot blame GST payments. It’s his own rash spending and pay deals that are at fault.
- Updated
- Matt Kean
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
March
- Opinion
- The AFR View
GST system is paying for lost principles
The GST formula was meant to take the politics out of the system. Now we should be asking if the incentives were wrong in the first place.
- The AFR View
February
NSW Libs used $5b fund for ‘pork-barrelling at public’s expense’: Auditor-General
The state’s audit office found the signature WestInvest program was poorly designed and put the state’s AAA credit rating at risk.
- Samantha Hutchinson