All the changes coming next month
From tax to minimum wage, the financial landscape for Australians will change dramatically from July 1. Here’s what’s coming.
Federal Budget
Aussie state people are flocking to
A massive net overseas migration number has pushed Australia’s population to 27 million in the latest population figures from the ABS.
ANZ makes horror 2025 rates prediction
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
Millions of Aussies set for pay rise
Australia’s workplace umpire has revealed its reasons for increasing the minimum wage for 2.6m workers by another 3.75 per cent.
ASX snaps losing streak in broad rebound
Aussie shares shrugged off a grim night on Wall St to end a three-day losing streak and finish the week with a broadbased rebound.
More bad news for the housing crisis
With the commencement of the Albanese government’s 1.2 million homes target less than one month away, housing approvals continued to disappoint.
ASX falls on Wall St worries, BHP tumble
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
‘Still strength’ in inflation, RBA warns
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Aussie shares slump on CPI shock
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
‘Everyone wins’: Surprise company tax call
Labor’s Industry Minister is advocating for a cut in corporate taxes to help companies have the capital to invest in the future.
Aussie shares rebound in broadbased rally
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
Taylor sinks deeper into migration mess
Shadow treasurer Angus Taylor appears to have contradicted his own party’s proposed cuts to the net migration intake, after indicating a completely different figure to one proposed just days ago.
‘Vampires’ costing Aussie homes hundreds
Aussie households are being ripped off at an astonishing rate by energy “vampires” that rack up charges on household power bills even when turned off.
‘Shambolic’: Coalition muddies migration
While attempting to lay out the Coalition’s economic credentials, shadow Treasurer Angus Taylor confused the opposition’s cut-through line on migration.
Major bank’s call on pending tax cut
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
Woolies boss’ big call on monster profits
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
Gina’s controversial solution to housing crisis
Australian billionaire Gina Rinehart has offered some advice for Prime Minister Anthony Albanese as he struggles to secure a budget bounce.
‘Failed budget’: Dutton digs in on migration
Opposition Leader Peter Dutton has backed in his plan to overhaul Australia’s migration intake to help end the housing crisis.
‘One click’ to save Aussies hundreds
Energy retailers will be forced to help customers pay less for their electricity.
‘Damage’: Dutton migration plan slammed
The Treasurer said the Opposition Leader Peter Dutton’s plan to slash migration would cause major damage to the Australian economy.
More than one third of Covid jabs thrown out
The government is spending an eye-watering amount of money to continue the national Covid vaccine program, even as more than one third of the jabs are wasted.
Why NDIS and child care fraudsters make my blood boil
We know the NDIS is rife with fraud, the taxpayer is losing at least a billion dollars a year there. Now child care has similar issues. Something must change, writes Julie Cross.
‘Quick quiz’: Question Dutton can’t answer
Peter Dutton has stumbled on breakfast TV over his new migration policy, conceding he wasn’t able to answer a simple question.
Advocates call out budget imbalance
The Treasurer has been blasted for providing a budget that does not adequately support Australia’s poorest people amid the ongoing cost-of-living crisis.
Dutton makes huge migration promise
The Coalition will ban foreign investors and drastically reduce migration numbers in a pre-election pitch that has accused Labor of being “disconnected” to everyday Australia.
Proof that no-one wants to live in Sydney
Aussies are leaving NSW in droves as Sydney’s status as the country’s most expensive city drives its residents to greener pastures.
‘At odds’: Albo slammed over Gaza vote
Politicians clashed on the first sitting day over a controversial UN resolution to grant “rights and privileges” to Palestine.
Awkward detail in new tax cuts
New detail on the much-anticipated stage 3 tax cuts has revealed their short-lived effect, with Aussies to be slammed by income tax once more within two years.
‘Unlikely’: $32 billion housing gamble doomed
The government has gone all-in and upped the stakes on its $32 billion plan to solve the housing crisis — a goal experts say can’t possibly be met.
1 million Aussies set to abandon Albo
A leading pollster has warned Anthony Albanese that one million Aussies are set to turn their back on him unless “something drastic” happens.
ASX slips in ‘risk-off’ trading day
Australian shares dipped lower on Tuesday as investors continue to tread cautiously before a flood of data comes this week.
Federal budget preview: Toowoomba leaders reveal their wishlists
Toowoomba mayor Geoff McDonald and Groom MP Garth Hamilton have outlined their wishlists for tonight’s federal budget — and they have differing views on a key issue.
Huge group of Aussies abandoned by budget
The budget is set to see struggling Aussies left behind, with little immediate relief for millions buckling under one particular bill.
Chalmers to unveil big surplus surprise
Despite forecasting a second consecutive surplus, Tuesday’s budget will show the nation’s finances falling further into the red from next financial year.
Warning to Albo: Go big or risk majority
A former Labor strategist has warned the federal government that without a bold policy vision in the budget voters could ditch the major parties.
ASX flat as investors eye inflation data
Australian shares were flat on Monday before important inflation data is released midweek.
Consumers keep wallets shut in April
With family budgets coming under further strain, consumers heavily wound back on spending on non-essential items in April.
Consumers keep wallets shut in April
With family budgets coming under further strain, consumers heavily wound back on spending on non-essential items in April.
‘For all Australians’: Albo’s budget boast
The Prime Minister says Tuesday’s federal budget is one Labor can be proud of, as the Coalition demands it explain its optimistic forecast for inflation.
What we know is in the budget so far
Tuesday’s federal budget will focus on easing pain and bolstering near term growth without making inflation worse. Here’s what we know so far.
What we know is in the budget so far
Tuesday’s federal budget will focus on easing pain and bolstering near term growth without making inflation worse. Here’s what we know so far.
Huge call on Aussie price hike crisis
Jim Chalmers’ Treasury department has delivered a glimmer of hope for inflation crunched households ahead of the federal budget on Tuesday.
Huge call on Aussie price hike crisis
Jim Chalmers’ Treasury department has delivered a glimmer of hope for inflation crunched households ahead of the federal budget on Tuesday.
Huge change for overseas students
Overseas student arrivals will be slashed as Australia looks to halve its migration intake over the next two years.
Major hope for millions of struggling Aussies
While the Treasurer admits the inflation fight “isn’t finished yet”, there’s hope coming – and it could have major implications for homeowners, too.
Here’s what you’ll get in budget ‘spend-a-thon’
Tomorrow’s budget has been described as a Labor “spend-a-thon” as the government throws billions at housing, health and young people.
Aussie tax group finally being ‘recognised’
Treasurer Jim Chalmers has pledged to deliver a budget for young Australians, and a telling picture of his own youth has emerged.
Gross debt set to rise above $1 trillion
In a media blitz on Sunday morning, Treasurer Jim Chalmers has flagged key measures that will form part of the May 14 budget.
Gross debt set to rise above $1 trillion
In a media blitz on Sunday morning, Treasurer Jim Chalmers has flagged key measures that will form part of the May 14 budget.
Aussies reveal their biggest budget worries
New data reveals just how much Australians are feeling the cost-of-living crunch, and how that’s driving young people back to their parents.
Original URL: https://www.thechronicle.com.au/business/economy/federal-budget/page/2