Posts tagged "rate"

Australia's minimum wage will rise 8.6% to $882.80 per 38-hour work week from July 1, lifting small business wage bills while bringing the nation's lowest-paid employees closer to the runaway cost of living.

The 2023-2024 federal budget halves a scheduled 12% tax instalment increase to 6%, a move the federal government says will improve small business cashflow.

The Reserve Bank of Australia today lifted the cash rate target 0.25% to 2.6%, undercutting market predictions of a sharper 0.5% hike and signalling a slowdown of the central bank's inflation-busting strategy.

Australia's youth unemployment rate has fallen to just 7%, new data shows, suggesting businesses reliant on junior staff may find it difficult to build their headcount ahead of the looming Christmas rush.

Small and medium-sized businesses are planning how to handle a larger-than-expected hike to the minimum wage as other costs soar.

Australia's minimum wage will rise by 5.2% to $21.38 an hour, the Fair Work Commission has ruled.

The introduction of a so-called “Google tax” on large multinationals that are suspected of shifting profits to low-tax jurisdictions is …