After pushing for a delay, one of Australia’s leading business organisations has joined a call for the rapid passage of laws on compulsory reporting of climate risks. The Business Council of Australia on Monday joined a coalition of influential investors, senior executives, accountants and superannuation funds to support the passage of the climate reporting bill. […]
Life is unpredictable, and financial surprises can arise when you least expect them. This is where an emergency fund comes in. This financial safety net is designed to cover unexpected expenses, like car repairs or medical bills, or provide support if you lose your job or source of income. If you’re unsure about how […]
Estate planning is a crucial but often challenging aspect of managing familial wealth and assets, particularly as parents age. The process involves making decisions about how to allocate assets such as businesses and property among siblings, which can be complicated by differing perspectives and emotional attachments. Given these complexities, seeking legal advice is not […]
Rising demand for electricity has been met by more solar and wind generation, which is keeping a lid on prices and carbon emissions, the market operator says. Renewable energy generation drove down wholesale prices in the first three months of 2024 despite higher temperatures pushing up electricity demand, according to the Australian Energy Market Operator’s […]
Tweaking property investor taxes could save the federal budget billions and boost home ownership, even with exemptions for those operating under the old rules, analysis commissioned by two senators suggests. Independent senators David Pocock and Jacqui Lambie want changes to capital gains tax and negative gearing back on the agenda, commissioning an analysis on the […]
Financial help might be offered to university students completing unpaid placements as part of their degrees, as unions warn failure to provide support will result in greater workforce shortages. Treasurer Jim Chalmers said the federal government was considering relief for people with university debts and students undergoing required practical placements in their courses. “We are […]
The Australian Defence Force is a step closer to getting a next generation air and missile defence system capable of detecting and stopping threats. The Albanese government on Wednesday announced the next phase of the integrated air and missile defence capability which has been taken up by US defence giant Lockheed Martin under a $500 […]
Cost of living help in addition to well-signposted tax relief remains on the cards if the federal government can find room for it in the upcoming budget. Treasurer Jim Chalmers says the tax relief, due to kick in midway through this year, will be the centrepiece of his government’s financial support plan. “And if we […]
Industrial sites across five states will be given a multi-million dollar funding boost for projects to transition to cleaner energy. Nine facilities – including alumina and cement refineries, iron ore mines and cobalt and nickel sites – will share in $330 million in federal funds for initiatives to reduce emissions. The funding forms part of […]
Australia’s housing crisis is expected to get worse before it gets better and the federal government is facing growing pressure to do more to fix it in the May budget. Deloitte Access Economics partner Stephen Smith said the nation had not been building enough homes to keep pace with population growth, and new dwelling starts […]
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