NEWS UPDATE
NEWS UPDATE
Australia will drastically increase spending on missile defences, drones and AUKUS nuclear submarines in a significant change to the nation’s defence posture to meet a “more dangerous and uncertain world”. Defence Minister Richard Marles laid out the path for Australia’s armed forces for the next...
Key points Introduction The past week provided welcome relief in the Iran War, with Trump delaying for two weeks his threat of the “complete demolition” of Iran’s power plants and bridges. So far its all very shaky, but whether the “ceasefire” holds or not and...
Deputy Commissioner Emma Rosenzweig busts some Payday Super myths. With just 3 months to go until Payday Super begins, I’ve been hearing a lot of questions from employers, and a few common myths too. Let’s clear up a few of the biggest misconceptions I’m hearing....
The treasurer is jetting to the United States for talks as the International Monetary Fund warns Australia is is projected to have one of the highest inflation rates as the Middle East conflict threatens a global recession. Jim Chalmers will head to Washington on Wednesday...
Ups and downs are a part of life and especially when it comes to your superannuation pool. The past month has seen heightened volatility in financial markets, where much of Australians’ super is invested. Some have seen their funds drop thousands of dollars since the...
The Iran war is set to deliver a $36 billion windfall for Treasurer Jim Chalmers, but increased spending on cost-of-living measures could derail efforts to get the budget back in black. Even with a fragile ceasefire holding in the Middle East, the disruption to key...
The Reserve Bank board will have to earn its money to navigate Australia through a “nightmare” stagflation shock, a top central bank official says as confidence tanks and prices soar. The RBA was still “feeling its way” through the energy crisis and what it meant...
Financial markets have see-sawed over the past month since the war in the Middle East began, impacting the balances of superannuation accounts. If this is causing stress, here are four things you can do: * Stay focused on the longer term – market ups and...
Australia has avoided disruption to its international fuel supplies but that won’t stop the government considering all options to shore up provisions, including extracting more oil and gas. Fifty-seven ships laden with crude oil, jet fuel, diesel and petrol were en route to Australia –...
Top Gear presenter Jeremy Clarkson once proved that the 414-horsepower, V8-engined, bellowing petrolhead pin-up BMW M3 could be even more eco-friendly than the famously thrifty Toyota Prius. To do this, in 2008 he ran an experiment in no way coloured by the fact he loathed...
More Australians than ever are choosing buy now, pay later financial schemes, with families looking for new ways to cover daily essentials as cost-of-living pressures bite. New data shows consumer spending via instalments has surged 26 per cent in three years, from $469 per month...
Superannuation is one of the most powerful long-term wealth-building tools available to Australians. Yet, despite its importance, it’s often misunderstood—particularly during periods of market volatility when balances fluctuate and confidence can be shaken. The reality is that superannuation works best when paired with time, discipline,...
As the financial year draws to a close, April and May are two of the most important months for small business owners across Australia. Rather than scrambling in June, this is the ideal window to get organised, optimise your position, and potentially reduce your tax...
Launching a business is an exciting step, whether you’re turning a passion into profit or building something from the ground up. But before you register a name and start trading, there are important legal and strategic considerations that can make or break your venture. Getting...
Overseas trips and hotel stays funded through credit reward schemes could be in trouble as Australia’s central bank cuts fees on card transactions. The Reserve Bank has revamped card usage by banning surcharge payments and cutting interchange fees, in a move experts said has levelled...
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