Key details as millions in for cash boost
Millions of Australians will have thousands of dollars slashed from their student debt after parliament passed new laws on Thursday. Here’s what you’ll get – and when.
Australian Economy
Text that will save Aussies thousands
Aussies with student debt will have thousands of dollars taken off their bill, with Labor passing one of its key election promises to young voters.
Must-have item sparks Aussie shopping spree
End-of-financial-year sales and Australians flocking to one electrical item have triggered an unexpected retail boom.
‘Very welcome’: Huge August rate cut hint
A key Reserve Bank official has hinted at an August rate cut after welcoming new inflation figures showing the lowest rate since 2021.
Australia’s fresh shot at Trump on tariffs
Jim Chalmers has taken a fresh shot at Donald Trump’s tariffs, partly blaming them for higher inflation in the US.
‘Scary’: 2025 scam anyone could fall for
A simple screenshot of an official-looking email has exposed a wild ATO scam that is leaving Aussies panicked.
Chalmers’ warning ahead of rate cut hopes
The “important reminder” comes after the RBA disappointed homeowners after it held rates in July despite market expectations of a cut.
Hundreds of mining jobs in jeopardy
Hundreds of mining jobs are at risk after a Queensland coal miner appointed administrators after struggling to pay royalties and investors.
‘Sensible’: Bank calls for big rate cut
Mortgage holders are expected to get some much-needed rate relief in August, but one of Australia’s biggest banks is calling for an outsized rate cut.
‘Make them pay’: Algal bloom storm grows
Protesters tried to confront the CEO of South Australian oil and gas giant Santos on Wednesday, demanding money to clean up the state’s algal bloom disaster.
Young Aussie finds big parking fine loophole
This Aussie student is taking his $97 parking fine to court because he wasn’t given the option to pay cash at the meter.
Claims $776m spent on Treaty negotiations
The Victorian government has hit back at “cherry-picked analysis” that claimed it has spent more than $776 million on treaty negotiations.
Aussie dollar climbs to 9-month high
Record-breaking Aussie dollar could smash through 66 cents this week as markets await make-or-break trade deals and inflation data.
‘Prepare for the worst:’ Urgent tax warning
The former Treasury boss has warned the case for lifting taxes is “much, much stronger” now than in 2002, with the current tax system unfairly punishing young Aussies.
ASX drops on banks and miners
Falling iron ore prices and profit taking on the major banks drove the ASX lower on Friday for the third straight trading day.
Warning ‘nervous’ RBA could hold rates
The Reserve Bank’s monetary policy board “clearly remains nervous about inflation”, with a major bank warning a rate cut is not a lock in August.
Plan to make Aussie workers $14k better off
Changing company taxes, making it easier for Australians to upskill or change roles and embracing new technology are just a few of the ways we can all be better off, a new report finds.
Iconic Aussie retailer’s legal stoush
An iconic fashion label with more than 50 stores in Australia and New Zealand is facing legal action over alleged unpaid debts.
Farmer’s Albo jab over beef shock
A central Queensland cattle farmer has hit out at the Prime Minister over the shock decision to permit US beef imports into Australia.
Musk’s satellites hit by global outage
The internet network powered by Elon Musk’s fleet of satellites was knocked out of action across the globe, with thousands of Australians impacted.
Beef industry’s brutal reaction to US move
The huge call to finally allow US beef into Australia has been met with a blistering reaction from the $75 billion industry.
Why unemployment may stop rate cut
The RBA boss has given another major clue as to why the central bank held interest rates during their July meeting, and what will move the needle in August.
Why your living standards will fall by $75k
A major bank has sounded the alarm on Australia’s living standards as it says the “Lucky Country’s” good fortune is running out.
Birth rate plunge sparks migration warning
New research reveals that rising costs of living are affecting Australia’s fertility rates, and it could have long-term implications for the workforce and economy.
Surprise Aussie winner in Trump turmoil
Despite being called out by US President Donald Trump, Australia’s beef producers have emerged as the major winner from his tariff policy.
RBA boss makes grim prediction
The Reserve Bank has revealed the reason behind its shock decision to hold the cash rate, leaving homeowners waiting a bit longer for much-needed relief.
‘Too long’: Plan to crack huge housing hurdle
Ahead of major Australian economic meetings next month, a big change to housing has been floated. This is how it could impact your future tax bills.
‘Survive’: Aussie chocolatier’s big battle
A beloved boutique chocolate retailer is battling through a whopping rise in global cocoa prices, but Australia’s sweet tooth is helping out.
‘Dirty secret’: Big bank’s call on rate hold
Struggling mortgage holders could be waiting an additional five weeks for a rate cut just so the RBA can prove its independence, a former employee says.
Australia’s disturbing new jobs boom
Shock jobless figures that sent the Aussie dollar crashing and pushed the share market to a new record high have exposed a stunning reality.
Original URL: https://www.news.com.au/finance/economy/australian-economy