Flooded businesses file average insurance claim of $71,000, peak body says, as insured losses grow to $5.1 billion
The devastating floods which afflicted northern New South Wales and southeast Queensland in February and March this year have officially become the second-costliest weather event in Australian insurance history.
Fuel, groceries and housing: Where is inflation hitting us hardest?
Current inflation levels in Australia have only been seen once in the past three decades. Where is being hit hardest?
Chalmers’ gloomy economic update proves need for action on skills and productivity, industry groups say
Australian industry groups have urged the federal government to ramp up efforts to boost productivity after Treasurer Jim Chalmers delivered a bruising update to the nation's economic outlook.
Treasurer to name inflation and global slowdown as causes of drop in Australia’s growth forecast
Treasurer Jim Chalmers will tell Parliament that estimated growth has been cut by half a percentage point for last financial year, this financial year and next year.
Builders call for support as housing costs rise 9%, while Jim Chalmers prepares to dampen economic expectations
The federal government should keep the Australian Building and Construction Commission in place and compensate building contractors for projects which skyrocket in price, construction industry organisations say.
The annual inflation rate is now 6.1%, as the cost of everyday essentials hits businesses and households
The cost of housing, fuel, and furnishings all drove inflationary pressures, the Australian Bureau of Statistics says.
Labor claims Coalition left Australia’s business registry project $1 billion over budget
An unexpected billion-dollar increase to the cost of modernising Australia's business registry system will heap pressure on the new Labor government, Assistant Treasurer Stephen Jones says, foreshadowing tough budget cuts in the months to come.
As Parliament resumes, $1.55 billion in SME tech and training offsets remain in legislative limbo
Prime Minister Anthony Albanese has outlined his legislative agenda as Parliament resumes, without mentioning a massive tax offset scheme.
Cash-in-hand leniency is well and truly over, ATO says, after receiving 43,000 ‘shadow economy’ tip-offs
The ATO has unveiled new data on its 'shadow economy' enforcement activities, as it cracks down on unregulated transactions estimated to keep $11 billion from the taxpayer each year.
“Work from home” was the top search term on SEEK in the June quarter, surpassing job titles or locations
The shift highlights how essential remote work allowances have become for Australia's workforce.
The RBA board is being reviewed. Is it time to change who decides monetary policy?
The composition of the RBA board is to be considered in the review now underway. Should it be more representative, or left to the experts?
The industries most vulnerable to rising COVID-19 cases and rising costs
Australia's retail, hospitality, and service sectors appear more susceptible to the financial impact of rising COVID-19 case numbers than other industries.
