It includes an increase of the Low and Middle Income Tax Offset (LMITO), meaning 10 million Australians will receive a one-off 420 Australian dollars (314.2 U.S. dollars) cost of living tax offset. The government will spend on one-off cost of living payments to provide an income-tax-exe...
Treasurer Josh Frydenberg on Tuesday night handed down the budget for the financial year 2022/23. He said the budget is focused on reducing cost of living pressures for Australians, with one-off 250 AUD (187.9 USD) payments for 6 million Australians. It also includes an increase of the Low...
Total profits as a share of total factor income rose close to a record high of 32 per cent. The increase was driven by the wholesale trade, manufacturing and accommodation and food services industries. An easing of supply chain disruptions, falling petroleum prices and increased activity across ...
One of the biggest challenges facing the Australian economy is the current cost-of-living crisis. While Australian wages rose by 4% last year, these hard-won gains fell short of a 5.3% increase in consumer prices. Some workers have responded to the higher cost of living by working more tha...
Advisory in the Gartner HR practice, said, “Job vacancies in Australia have continued a downward trend over the past year, making the hunt for a new job extremely tough, especially considering the added pressure on Australians from the current cost-of-...
The government expects that these initiatives, like its tax exemptions, will increase the adoption of more full-efficient cars. If so, this is likely to lead to a higher proportion of EVs in auto loan ABS receivable pools. Resale Values Of EVs Under Pressure Across The World ...
SYDNEY (Reuters) -Australian Prime Minister Scott Morrison was dealt an election blow on Tuesday after the country's central bank raised rates in the middle of a tough campaign, which could further increase living costs and hamper his party's prospects at the polls. ...
The announcement has been backed by environmental groups and the property and construction sectors but the opposition has warned the change could increase household energy bills fuelled by higher demand for electricity. The Victorian government announced the major energy reform on Friday as part of its...
(142.4). Accommodation costs also started to decrease at the end of last year after a sharp increase in the first part of 2008. The next European cities in the ranking are Geneva and Zurich in fourth and sixth place, up from eight and ninth respectively. Copenhagen remains in sevent...
Australian Retailers Association (ARA) CEO Paul Zahra flagged the increase as a sign of "robust performance" despite ongoing disruptions. "Retailers have navigated the worst of the pandemic, however, we've now entered a period of global economic uncertainty, which has strained global energy supplies...