Economy

Tax reform measures for Australian businesses, unveiled by Treasurer Jim Chalmers, amount to “the worst possible plan for a country in need of more jobs, and more economic growth”, according to one professor.

Among a host of reactions to recent ABS unemployment data, experts can’t agree on how or when the central bank will react.

Economists predict a “slightly softer labour force print” in April’s employment figures, a delayed rebound in retail spending, and the positive contributions of upcoming investment upswings, which will impact cost ...

Consumer confidence rose 3.5 per cent in May, recovering from only a small fraction of April’s sharp decline, as higher fuel prices and the lingering impact of March’s interest rate rise continued to weigh on perceptions of ...

Financial reporting, compliance activities, sustainability reporting and assurance focus areas will also be targeted.

Commonwealth Bank says the 2026 budget delivers “major improvements” to the nation’s longer-term fiscal position, but that more could have been done to reduce spending in the coming financial year.

The body is calling for supply chain resilience and fuel support to save sinking businesses as the fighting continues.

Inflation is forecast to remain persistent in the coming months as rising petrol prices continue to move through the economy.

The government must treat the upcoming budget as more than just a crisis management exercise despite the challenging economic landscape, Deloitte Access Economics has warned.

Annual CPI climbed to its highest level in over two years in March, and trimmed mean inflation remained above the RBA’s target range.