Posts filtered by tags: Australian economy[x]


 

The Coalition can choose not to revert to trickle-down economics in the budget | Peter Lewis

Instead of cutting taxes for high-income earners, the money could go on social housing or maintaining welfare payments While the health and economic challenges our governments have confronted over the past six months of the pandemic have been profound, the actual politics have been remarkably straightforward.Governments at both state and federal level acted on advice from experts to contain the virus, worked collaboratively and invested behind people and businesses to soften the impact of the co...
Tags: Housing, Australia news, Coalition, Australian politics, Welfare, Australian economy, Peter Lewis, Essential poll


Labor accuses Coalition of stalling its own reforms to crack down on payday loans

Coalition-controlled Senate committee asks for reform bill to be blocked – despite the fact it originated as a government draft legislationLabor has accused the Coalition of failing to back its own plan to crack down on payday lending by opposing a bill designed to protect vulnerable Australians.On Monday the Coalition-controlled Senate economics legislation committee called for the small amount credit contract bill to be blocked to give the government time to enact “sensible reform” – despite t...
Tags: Business, Labor, Senate, Australia news, Banking, Coalition, Australian politics, Labor party, Australian economy, George Christensen


Coronavirus Australia latest updates: Victoria's health department boss to front hotel quarantine inquiry

Department of Health and Human Services secretary Kym Peake took control of the state’s response to the coronavirus pandemic in July, as Victoria’s second wave took hold. Follow liveFull Australian Covid stats; Covid restrictions state by stateNSW cases map; Vic cases mapSign up for Guardian Australia’s coronavirus email 10.30pm BST While New South Wales authorities keep a watchful eye on any cases linked to a taxi driver who worked while infectious with Covid, Victorian authorities are stil...
Tags: Health, Business, Australia, Australia news, Australian politics, Queensland, New South Wales, Victoria, Tasmania, Scott Morrison, South Australia, Daniel Andrews, Western Australia, Northern Territory, Annastacia Palaszczuk, Australian economy


Superannuation calculator: how would scrapping the planned increase affect you?

The government is considering ditching the superannuation increase from 9.5% to 12% by 2025. Find out what that would mean for your retirementThe Morrison government’s looming decision on whether to proceed with promised increases in superannuation contributions could have a big effect on the amount of money saved for your retirement.The superannuation guarantee contribution is legislated to increase from its current rate of 9.5% of income to 12% by 2025 – and the Coalition promised at the last ...
Tags: Business, Australia news, Coalition, Australian politics, Australian economy, Morrison, Superannuation


Government paid 10 times too much for land at Western Sydney airport to be used after 2050

Investigation found department’s operations ‘fell short of ethical standards’ after land was valued at just $3.1m Taxpayers stumped up $26.7m too much for land to build a second runway at Western Sydney airport after 2050, the auditor general has found.In a scathing report, released on Monday, the Australian National Audit Office (ANAO) found the $30m price tag paid by the infrastructure department was almost 10 times its fair value. Continue reading...
Tags: Australia news, Infrastructure, Australian politics, Air transport, New South Wales, Australian economy, Western Sydney, Australian National Audit Office ANAO


Robodebt: fresh claims against federal minister Alan Tudge delay court trial

Commonwealth needs to prepare for new argument former human services minister knew scheme was unlawful, court saysA federal court trial set to decide whether robodebt victims are entitled to compensation has been delayed after fresh claims were levelled against government minister Alan Tudge.The court heard at a pre-trial hearing on Monday that Gordon Legal plans to argue Tudge, who was human services minister in 2016-17, either knew or was “recklessly indifferent” to the fact the botched progra...
Tags: Australia news, Unemployment, Australian politics, Welfare, Australian economy, Commonwealth, Centrelink, Centrelink debt recovery, Alan Tudge, Gordon Legal


Housing demand to take dramatic hit as Australia's net migration slumps

Demand for housing could fall by 232,000 dwellings over next three years due to international border closures and decline in population growth The coronavirus pandemic could cut demand for housing in Australia by between 129,000 and 232,000 dwellings over the next three years, research by a federal government agency shows.The National Housing Finance and Investment Corporation’s study found that population growth could be cut by 214,000 between 2019 and 2021, a 0.8% decline only surpassed by the...
Tags: Australia, Housing, Australia news, Population, Australian economy, Australian Universities


Paul Keating savages Reserve Bank governor's superannuation comments

Former Australian PM says Philip Lowe fails to comprehend ‘the key income facts’ when he says increasing the super guarantee could affect wages growthPaul Keating has accused the Reserve Bank of Australia governor, Philip Lowe, of failing to comprehend “the key income facts of the last eight years” when he argued that lifting the super guarantee would create lower wages growth.Keating was responding to comments Lowe made to a parliamentary committee in the middle of August. The governor said if ...
Tags: Business, Reserve Bank of Australia, Australia news, Industrial relations, Australian economy, Paul Keating, Morrison, Lowe, Reserve Bank, Keating, Superannuation, Philip Lowe


Young Australians and the property market: 'Less like The Castle and more like a Mad Max hellscape'

The Australian economic miracle may have seen real net wealth triple over three decades, but it hasn’t been shared evenly – thanks to the housing marketThe house in West Hoxton is about as far west as you can go from Sydney before you hit cow paddocks. It is further west than Parramatta and Lakemba, further than Liverpool. Just getting there without a car takes an hour-plus train ride, a 30-minute-plus bus trip and a 10-minute walk along a network of six-lane highways. Head another few kilometre...
Tags: Housing, Australia news, Liverpool, Sydney, Australian economy, Parramatta, Lakemba, West Hoxton


Coronavirus Australia live update: Victoria reports 51 new cases and seven deaths as NSW records seven cases

Greg Hunt says Melbourne curfew should be lifted if ‘there is no medical basis’ for it as two more Sydney healthcare workers test positive. Follow liveThere are 51 new cases of Covid in Victoria and seven deathsFollow our global coronavirus live blogAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 4.28am BST Q: Firstly - do you think a royal commission into the COVID outbreaks in aged care would be warrants...
Tags: Health, Business, Australia, Australia news, Australian politics, Queensland, New South Wales, Sydney, Victoria, Melbourne, Tasmania, Greg Hunt, Scott Morrison, South Australia, Daniel Andrews, Western Australia


Coronavirus Australia live update: Daniel Andrews holds press conference as Victoria reports 51 new cases and NSW records seven

Greg Hunt says Melbourne curfew should be lifted if ‘there is no medical basis’ for it as two more Sydney healthcare workers test positive. Follow liveThere are 51 new cases of Covid in Victoria and seven deathsFollow our global coronavirus live blogAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 3.27am BST The funeral was to be held at 2pm.Qld’s Chief Health Officer, Jeannette Young, will give a Canberra ...
Tags: Health, Business, Australia, Australia news, Australian politics, Queensland, New South Wales, Sydney, Victoria, Melbourne, Tasmania, Greg Hunt, Canberra, Scott Morrison, South Australia, Daniel Andrews


Coronavirus Australia live update: Daniel Andrews holds press conference as Victoria reports 51 new cases and NSW cluster grows

Greg Hunt says Melbourne curfew should be lifted if ‘there is no medical basis’ for it as two more Sydney healthcare workers test positive. Follow liveThere are 51 new cases of Covid in Victoria and seven deathsFollow our global coronavirus live blogAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 2.30am BST There are 30 workplace investigations on-going at the moment - but no prosecutions as yet (the inves...
Tags: Health, Business, Australia, Australia news, Australian politics, Queensland, New South Wales, Sydney, Victoria, Melbourne, Tasmania, Greg Hunt, Scott Morrison, South Australia, Daniel Andrews, Western Australia


Coronavirus Australia latest update: Victoria reports 51 new cases and seven deaths as NSW hospital cluster grows

Greg Hunt says Melbourne curfew should be lifted if ‘there is no medical basis’ for it as two more Sydney healthcare workers test positive. Follow liveFollow our global coronavirus live blogAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 12.29am BST Clear as mudHe says it wasn’t a decision he was involved with. 12.22am BST It is no secret that women’s employment has been hit harder by the pandemic - wo...
Tags: Health, Business, Australia, Australia news, Australian politics, Queensland, New South Wales, Sydney, Victoria, OECD, Melbourne, Tasmania, Greg Hunt, Scott Morrison, South Australia, Daniel Andrews


Coronavirus Australia latest update: Greg Hunt calls for end to Melbourne curfew as NSW hospital cluster grows

Federal health minister says curfew should be lifted if ‘there is no medical basis’ for it as two more Sydney healthcare workers test positive. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 10.28pm BST Here is how the Greg Hunt comments played out in that Sky interview:Q: Now you mentioned the situation in Victoria, your home state. The most draconian measure that Premier Daniel Andrews has pu...
Tags: Health, Business, Australia, Australia news, Queensland, New South Wales, Sydney, Victoria, Melbourne, Tasmania, Greg Hunt, Scott Morrison, South Australia, Daniel Andrews, Western Australia, Northern Territory


Victoria's Covid roadmap could wipe out 50% of small businesses, retail boss warns

Australian Retailers Association head Paul Zahra says Andrews government ignored ‘progressive reopening’ strategyFollow the Australia live blogVictoria cases trend map; Full Australian Covid statsMelbourne stage 4 restrictions; Vic stage 3 rulesSign up for Guardian Australia’s coronavirus emailRetail boss Paul Zahra has warned Victoria’s roadmap out of lockdown could wipe out 50% of small businesses in the state as he accused the state government of failing to consider alternatives such as “prog...
Tags: Business, Australia, Tax, Australia news, Coalition, Australian politics, Welfare, Victorian politics, Victoria, Melbourne, Canberra, Scott Morrison, Daniel Andrews, Australian economy, David Jones, Andrews


Coronavirus Australia live update: Victoria premier Daniel Andrews holds press conference as vaccine trial paused

Victoria reports 76 new cases, NSW has nine and Queensland records eight. Follow the latest news and updates todayAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 2.19am BST Wastewater testing will be rolled out across 25 sites in Victoria, after testing of the wastewater in Apollo Bay found traces of the virus.People in Apollo Bay are being urged to come forward for testing.This seems to be a media release...
Tags: Health, Business, Australia, Australia news, Queensland, Victoria, Daniel Andrews, Australian economy, Apollo Bay, NSW, NSW Health, Coronavirus outbreak


Coronavirus Australia live update: Victoria reports 76 new Covid cases and Qld eight as vaccine trial paused

Daniel Andrews says officials will visit NSW this week to look at its contact-tracing system. Follow the latest news and updates todayAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 1.08am BST Daniel Andrews will hold his press conference at 11am 1.08am BST We still don’t know if the participant had the vaccine as part of the trial, or the placebo. It might be sometime until we get all the information,...
Tags: Health, Business, Australia, Australia news, New York Times, Victoria, Daniel Andrews, Australian economy, NSW, Coronavirus outbreak


Coronavirus Australia latest update: Victoria reports 76 new cases and 11 deaths as vaccine trial paused

Daniel Andrews says officials will visit NSW this week to look at that state’s contact tracing system. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 12.18am BST The international blog with Helen Sullivan is up and running: Related: Coronavirus live news: Oxford Covid-19 vaccine trial put on hold; England bans gatherings over six 12.11am BST The development of a promising Covid-19 vaccin...
Tags: Health, Business, England, Australia, Australia news, Oxford, Astrazeneca, Victoria, Oxford University, Daniel Andrews, Australian economy, NSW, Helen Sullivan, Coronavirus outbreak, Oxford Covid


Coronavirus Australia latest update: Victoria enlists NSW to boost contact tracing as hotel inquiry continues

Victorian premier Daniel Andrews says officials will visit NSW this week to look at that state’s contact tracing system. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 10.21pm BST Victorian contact tracers are off to New South Wales to study that state’s contact tracing system, as the debate over Victoria’s preparedness to deal with the pandemic, continues.Daniel Andrews said yesterday that the...
Tags: Health, Business, Australia, Australia news, New South Wales, Victoria, Daniel Andrews, Australian economy, NSW, Coronavirus outbreak


Coronavirus Australia latest update: health officials front Victoria's hotel inquiry as NSW and Qld try to stem clusters

More than 100 health workers at two Sydney hospitals and 200 staff at Ipswich hospital are in isolation. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 11.23pm BST Then we get this exchange. Lisa Millar: Last night on Q & at the Deputy Prime Minister linked the Victorian lockdowns with the second wave. It doesn’t help, that a senior member, is perpetuating that myth. 11.18pm BST Greg Hunt i...
Tags: Health, Business, Australia, Australia news, Queensland, New South Wales, Sydney, Victoria, Tasmania, Greg Hunt, Scott Morrison, South Australia, Daniel Andrews, Western Australia, Ipswich, Northern Territory


Coronavirus Australia live update: Victoria Covid cases drop below 50 for first time since June as NSW records four – as it happened

Melbourne’s stage 4 lockdown extended by two weeks in ‘roadmap’ as Victoria pursues aggressive suppression strategy. This blog has endedAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 11.49am BST Thanks for following our live coverage of the coronavirus coverage in Australia. You can continue to follow our rolling global coverage here.A quick recap on what happened today: 11.04am BST Asked if he would ...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Queensland, New South Wales, Sydney, Victorian politics, Vaccines and immunisation, Victoria, Melbourne, Tasmania, Scott Morrison


Coronavirus Australia live update: Victoria Covid cases drop below 50 for first time since June as NSW records four

Melbourne’s stage 4 lockdown extended by two weeks in ‘roadmap’ as Victoria pursues aggressive suppression strategy. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 4.24am BST Queensland’s deputy premier, Steven Miles, has announced two new Covid-19 cases. He said the first is a woman in her 20s, a household contact of a known case. The second is a woman in her 30s and is a further healthcare wo...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Queensland, New South Wales, Sydney, Victorian politics, Vaccines and immunisation, Victoria, Melbourne, Tasmania, Scott Morrison


Coronavirus Australia live update: Scott Morrison holds press conference as Victoria records 41 Covid cases

State records nine deaths as Melbourne’s stage 4 lockdown extended by two weeks and Victoria pursues aggressive suppression strategy. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 3.24am BST The prime minister, Scott Morrison, health minister, Greg Hunt, and health department secretary (and former chief medical officer) Brendan Murphy are speaking about the $1.7bn vaccine deal for two promisin...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Queensland, New South Wales, Sydney, Victorian politics, Vaccines and immunisation, Victoria, Melbourne, Tasmania, Greg Hunt


Coronavirus Australia live update: Daniel Andrews holds press conference as Victoria records 41 Covid cases

State records nine deaths as Melbourne’s stage 4 lockdown extended by two weeks and Victoria pursues aggressive suppression strategy. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 2.31am BST Brett Sutton has said the date for easing restrictions on 28 September will need to be “locked in”.However he left the door open for further restrictions to be eased earlier than expected, including the 26...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Queensland, New South Wales, Sydney, Victorian politics, Vaccines and immunisation, Victoria, Melbourne, Tasmania, Scott Morrison


Coronavirus Australia live update: Victoria cases drop below 50 for the first time since June

State records 41 new Covid cases and nine deaths as Melbourne’s stage 4 lockdown extended by two weeks and Victoria pursues aggressive suppression strategy. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 12.21am BST Relief for businesses hit hard by the Covid-19 pandemic will be extended until the end of the year. In a joint statement on Monday morning, treasurer Josh Frydenberg and industrial ...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Queensland, New South Wales, Sydney, Victorian politics, Vaccines and immunisation, Victoria, Melbourne, Tasmania, Scott Morrison


Coronavirus Australia latest update: Victoria risks lockdown fatigue as state pursues aggressive suppression strategy

Victoria’s chief health officer Brett Sutton says alternative to lockdown is ‘too awful to contemplate’ after Melbourne’s stage 4 lockdown was extended by two weeks. Follow liveAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 11.31pm BST A woman whose parents both died after being infected with Covid-19 has called for a coronial inquest into their deaths.My colleague Melissa Davey has this report, where she...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Queensland, New South Wales, Sydney, Victorian politics, Vaccines and immunisation, Victoria, Melbourne, Tasmania, Scott Morrison


Australian companies getting jobkeeper shouldn't be paying bonuses, business council head says

Jennifer Westacott also says such firms should ‘exercise some very careful judgment’ about paying dividendsCompanies receiving jobkeeper wage subsidies should not give executive bonuses and should think twice before paying dividends, the head of the Business Council of Australia has said.Jennifer Westacott made the comments in a wide-ranging interview on ABC’s Insiders program on Sunday during which she also decried the mooted extension of Melbourne’s lockdown and called for investment in renewa...
Tags: Business, Abc, Australia news, Australian politics, Welfare, Melbourne, Australian economy, Business Council of Australia, Jennifer Westacott, Coronavirus outbreak


WA only state not to agree to open borders by Christmas while Queensland has 'hotspot' concerns

‘Not everyone has to get on the bus for the bus to leave the station,’ Scott Morrison says, playing down dissent in national cabinetVictoria’s roadmap out of lockdown to be based on traffic light systemMelbourne’s stage 4 restrictions explainedState by state restrictions explainedWestern Australia has refused to sign up to Scott Morrison’s plan to reopen state borders by Christmas while Queensland has expressed reservations after the prime minister declared most states and territories had backed...
Tags: Australia, Australia news, Australian politics, Queensland, New Zealand, Scott Morrison, Western Australia, Australian economy, WA, Jacinda Ardern, Coronavirus outbreak


Coronavirus Australia live update: Victoria records 59 deaths and 81 new Covid cases as NSW reports eight

Victoria reports nine deaths in the past 24 hours and 50 people added to total who died in aged care facilities in July and August. Follow live news and updates todayThe prime minister outlines national cabinet discussionsAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 8.05am BST The AFL has acted quickly and decisively on this morning’s Covid breach on the Gold Coast. Richmond’s Sidney Stack and Callum Co...
Tags: Health, Business, Abc, Australia, Australia news, Queensland, Victoria, Tasmania, Western Australia, AFL, Richmond, Australian economy, NSW, Queensland Tasmania, Mahar, Tony Mahar


Coronavirus Australia live update: Scott Morrison holds press conference after national cabinet meeting on borders and hotspots

Victoria records nine deaths in past 24 hours and 50 people added to total who died in aged care facilities in July and August. Follow live news and updates todayAustralian stats interactiveNSW cases map; NSW hotspots listQueensland hotspots listSign up for Guardian Australia’s coronavirus email 5.24am BST Gladys Berejiklian on the hotspot definition:There was no definition agreed but a consistent definition of what is a hot spot could ensure states had no excuse to keep their borders up. Th...
Tags: Health, Business, Australia, Australia news, Queensland, New South Wales, Victoria, Scott Morrison, Australian economy, NSW, Gladys Berejiklian, Coronavirus outbreak