Clive Palmer in fight over Labor’s election finances law shift
The billionaire mining magnate has vowed to challenge Labor’s mooted election finance laws in the High Court, declaring the Albanese government is ‘eliminating democracy in Australia’.
The billionaire mining magnate has vowed to challenge Labor’s mooted election finance laws in the High Court, declaring the Albanese government is ‘eliminating democracy in Australia’.
A Coalition-led Senate inquiry investigating the recent rise in the cost of living has delivered its findings, as the opposition claims Labor has not done enough to stem elevated inflation and an increase in interest rates.
Labor is closing in on a deal for a suite of electoral reforms that would set a cap on how much an individual such as Clive Palmer could donate to political parties to $600,000 a year.
NAB has become the first major lender to push back its forecast of an interest-rate cut to May, as Reserve Bank governor Michele Bullock issues a warning on the labour market.
Peter Dutton has played down the prospect of going to the election with tax cuts for workers earning more than $150,000, in a backflip from the Coalition’s plans flagged earlier this year.
Public sector pay rose faster than private sector wages for the first time since 2020, as concerns over stubbornly persistent price pressures prompted investors to push out their expectations for interest rate cuts to next August.
State and territory governments are set to vie for $900m in federal funding to advance productivity-enhancing reforms, as the rapid expansion of the care economy threatens to exacerbate Australia’s productivity malaise.
Growth in promising small and medium-sized businesses could be turbocharged if tax benefits for investors were broadened, spurring them to pour much-needed funding into enterprises that traditionally struggle to access capital.
Drawing criticism from economists who claimed he was attempting to hoodwink the public, Jim Chalmers on Thursday doubled down on his emphasis of headline inflation despite the stance of the Reserve Bank.
Jim Chalmers has claimed Reserve Bank governor Michele Bullock is focused on the headline inflation rate, despite the central bank looking past this measure when considering interest rates because it has been temporarily lowered by state and federal electricity rebates.
Original URL: https://www.theaustralian.com.au/author/jack-quail/page/8