Outgoing ATO boss calls for greater tax office powers

22 February

The outgoing head of the ATO has called for the tax office to have the power to collect evidence as part of criminal investigations. In a speech to the National Press Club, ATO commissioner Chris Jordan said the organisation should be given powers...[Read More]

Rate hike case scuttled by improving inflation outlook

22 February

The Reserve Bank of Australia is growing more confident it can conquer inflation in the time-window it has given itself. Yet it’s still too early for it to consider interest rate cuts, with board members discussing another 25 basis point hike or...[Read More]

Investment markets and key developments – Weekly market update 16/02/24

22 February

Global shares were buffeted over the last week with hotter than expected US inflation data but better than expected profits results. While US shares hit a new record high, they fell 0.4% for the week. Eurozone shares reached new highs and rose...[Read More]

Data could end year-long holiday home tax breaks

22 February

New data collection methods could end the days of short-term rental property owners claiming tax deductions when the home is not being rented. Prime Minister Anthony Albanese has vowed to raise the issue of the owners of holiday rentals or Airbnbs...[Read More]

Wages outrunning inflation in win for household budgets

22 February

Wages are growing faster than inflation and this milestone has been reached earlier than expected. The official wage price index rose 4.2 per cent in the 12 months to December, a little above forecasts and up from the 4.1 per cent annual growth in...[Read More]

Consumers, productivity still cloud outlook: RBA

22 February

Stubbornly high inflation, a failure to revive productivity growth and a deeper consumption slowdown are all live possibilities keeping the Reserve Bank on guard. Cutting interest rates was not discussed at the February cash rate meeting, with board...[Read More]

Saving for the Future: Building Financial Security Step by Step

15 February

In an era where the allure of instant gratification is stronger than ever, the art of saving money seems to be fading into the background. Yet, the truth remains: most of us have aspirations that extend beyond our immediate reach, be it a new car,...[Read More]

Ultimate Road Trip Checklist: Navigating Your Next Adventure with Ease

15 February

Planning a road trip can be an exciting adventure, offering a unique blend of freedom, discovery, and bonding opportunities. Whether you’re exploring familiar landscapes or venturing into unknown territories, preparation is key to ensuring a...[Read More]

Oliver’s insights – investment outlook Q&A

15 February

Recession risks, rates and inflation, valuations, geopolitics, the US election and Swiftonomics   Key points – Rate hikes have worked in helping slow inflation and rate cuts are likely this year. Expect a bumpy ride though. – The risk of...[Read More]

Investment markets and key developments – Weekly market update 09/02/24

15 February

Global share markets rose over the last week. For the week the US S&P 500 rose 1.4% taking it above 5000 for the first time supported by ongoing confidence in a “goldilocks” landing for the US economy and strong earnings results. Eurozone...[Read More]

PM delivers big pitch on tax cuts as crucial vote nears

15 February

Anthony Albanese has laid out his pitch for revamped income tax cuts as the changes reach a major hurdle. The prime minister told parliament the tax changes would not leave people behind, saying the measures represented meaningful change. “We want...[Read More]

Economy ‘not dying’ but firms ready for tough times

15 February

Promising economic news has lifted the spirits of Australian consumers though businesses are more cautious and bracing for a lean six months ahead. The business sector has proved resilient to economic challenges locally and abroad, but recent...[Read More]

Treasury eyes ‘rare’ full employment opportunity

15 February

Australia has a chance to keep the gains in the jobs market generated by the pandemic recovery, Treasury says, provided it plays its cards right. “With the right policy choices, there remains a rare opportunity to sustain the economy closer to...[Read More]

Stamp duty costs climb as home buyers struggle to save

15 February

Saving for a house deposit is hard enough but it turns out other associated costs are soaring too, making home ownership more elusive. States and territories charge buyers stamp duty on most property purchases. The tax is up to six times more...[Read More]

Understanding the five key areas of personal finances

8 February

When it comes to managing your money, it’s crucial to have a comprehensive understanding of the five key areas of personal finance: income, spending, saving, investing, and protection. Mastering these elements can be the difference between...[Read More]