Explore the National Accounts December 2023 in Ten Charts PDF(1 MB) Households pull back on non-essential spending as cost-of-living pressures bite Household consumption remained subdued as the impact of higher interest rates and ongoing cost of living pressures continue to flow through the economy...
Paul, Mark
Transurban reported profit after tax for 2024 of $326 million, an increase of 414.2% over 2023. In part because of an agreement that toll fees rise at CPI rates. Governments, wanting to demonstrate economically responsible by not having budget deficits to meet their commitments, pass their respo...
Every income earner in Australia should have a tax reference number, called a Tax File Number, and when this is quoted to Employees and Banks (for interest payments), etc., tax is deducted from income at the current rates. If a Tax File Number (TFN) is not quoted, then tax is deducte...
Rent, mortgage interest rates, or land tax related to the business owner’s home. Payments to a spouse or associate the support work such as secretarial and bookkeeping duties. Expenses that could not generally be deducted by an employee. ...
Unlike CFDs, forex trading offers the opportunity to benefit from interest rates associated with currencies and it is legal in the US. You can also trade spot metals in the forex market because they are considered a form of currency. For example, you can tradegold,silver,platinum, orpalladium...
rates from 0.10% to 4.35% in 2023, loan growth slowed, and financial firms’ margins compressed as the country’s yield curve flattened. As a result, Australian Financials and Real Estate stocks, which had peaked from higher levels in 2021, were rangebound throughout 2022 and 2023 an...
Australian EconomyMay 30, 2023 Economic recovery: Many economies now booming post-COVID The governments which best safeguarded the material well-being of their people were generally those which prioritised care for low-income earners and welfare recipients, maintained adequate tax collections from corpor...
If the second part is voted down by the Senate, it has been speculated that it will be re-introduced as part of a package that will also deliver personal tax cuts. Mathias Cormann, leader of the government in the Senate and acting Prime Minister while Turnbull is on an official visit to...
Instead,we recommend using a specialist currency exchange provider. You’ll almost always pay lower fees, and you’ll get more competitive exchange rates. Fees and Weak Rates With High Street Banks For example, if you’re sending a transfer from Citibank in the U.S. to Australia, you can...