Download IPFS The growing trend of “mini-retirements” career breaks taken every few years instead of waiting for traditional retirement is raising red flags among financial experts, who warn the practice could leave younger Australians tens of thousands of dollars worse off in retirement. With Gen Z and Millennials leading the[Read More…]

Download IPFS The Reserve Bank of Australia (RBA) has unveiled radical plans to eliminate card surcharges and cut payment processing fees, potentially saving Australians $2.4 billion annually. In a landmark consultation paper released today, the central bank proposes banning surcharges on debit and credit card transactions while slashing interchange fees[Read More…]

Download IPFS The Australian sharemarket surged to a historic high on Tuesday, with the benchmark ASX200 climbing 0.7% to close at 8630.3 points, eclipsing its previous July 4 record. The rally was fueled by strong performances in technology and healthcare stocks, mirroring overnight gains on Wall Street. Ten of eleven[Read More…]

Two former employees of the Australian Taxation Office have been sentenced in connection with one of the country’s largest public sector fraud investigations, marking a major step in a long-running legal probe.Two former employees of the Australian Taxation Office (ATO) have been sentenced for their involvement in a large-scale fraud[Read More…]

SYDNEY—Independent meat producers across Australia are sounding the alarm over what they describe as dwindling access to meat processing plants, a development they say is favoring the interests of major supermarket chains and undermining competition in the agricultural supply chain. In regions such as northern New South Wales and parts[Read More…]

SYDNEY—A local butcher has sounded the alarm over Australia’s deepening skilled labor crisis after receiving more than 140 job applications—all from overseas—for a high-paying position no one was suitably qualified to fill. Despite offering an annual salary of AUD 130,000  for a senior butcher role, the business owner was unable[Read More…]

CANBERRA—Treasury officials have warned Treasurer Jim Chalmers that Australia is falling short of its ambitious 1.2 million new homes target, casting doubt on the Albanese government’s housing policy credibility. In newly released internal briefings, the Department of the Treasury has recommended a review of current tax policy, including potential tax[Read More…]

SYDNEY—Australia’s stock market slumped on Monday after former United States President Donald Trump reignited global trade concerns by pledging to reintroduce sweeping tariffs on Chinese imports if returned to office. The ASX 200 (Australian Securities Exchange 200) fell by over 1.2%, marking one of the sharpest single-day declines in recent[Read More…]