Tag #Australian Economy

Showing 13 to 24 of 82 results

smh.com.au
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Australia Scales Back Ambitious Economic Reform Summit

Australia's government, led by Prime Minister Albanese and Treasurer Chalmers, downsized its planned economic reform summit due to concerns about voter backlash from potential tax changes, shifting focus to a smaller set of readily achievable policies.

Progress

48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Australia's Productivity Reform Faces Political Headwinds

Australia's Treasurer Jim Chalmers launched a productivity reform process, proposing a novel cashflow tax system to boost the economy, but faces significant internal political opposition.

Progress

56% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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NSW Unemployment Hits Four-Year High

NSW's unemployment rate climbed to 4.4 percent in June, the highest in nearly four years, with over 45,000 jobs lost in two months, impacting western Sydney disproportionately, exceeding government forecasts and raising concerns about future economic prospects.

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Australian Comedian's Documentary Highlights Housing Crisis

Comedian Mark Humphries' new documentary, "Sold! Who Broke the Australian Dream?", explores Australia's housing crisis, detailing his five moves in seven years due to unaffordable and unliveable rental properties, and arguing for systemic change to address the imbalance between homeowners and renter...

Progress

36% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Unemployment Hits 4.3%, Highest Since 2021

Australia's unemployment rate climbed to 4.3 percent in June, its highest since November 2021, driven by a 34,000 increase in unemployed individuals, challenging the Reserve Bank's assessment of a tight labor market and prompting concerns about a broader economic slowdown.

Progress

36% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Australia's GST: A Politically Sensitive Tax Reform

Australia's Treasurer Jim Chalmers is hesitant to propose changes to the Goods and Services Tax (GST) due to the political risks involved, despite economists suggesting increases or broadening its base could improve the budget; past leaders faced significant backlash over tax reforms.

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Business Lobby Groups Reject Company Tax Reform Proposal

Twenty-four Australian business lobby groups rejected the Productivity Commission's proposal to reform company taxes by cutting rates for most firms while adding a 5% tax on net cash flow, citing potential increased consumer costs despite the potential for increased business investment and productiv...

Progress

60% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Australia's Productivity Crisis: Inefficient Bureaucracy, Excessive Taxes, and Regulatory Hurdles

Australia's productivity is stifled by bureaucratic inefficiencies, excessive taxes (like stamp duty on insurance), and regulatory hurdles in areas such as AI and airport security; substantial policy changes are needed to boost economic growth.

Progress

56% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Australia's Tax Reform Debate: GST Remains Off the Table

Australian Treasurer Jim Chalmers is advocating for economic reform but has ruled out increasing the GST, despite economists suggesting it could improve tax efficiency and analysis showing its regressive impact on low-income earners, creating political challenges for implementation.

Progress

40% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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ABS Delays Housing, Income Data Release Due to Data Collection Flaws

The Australian Bureau of Statistics (ABS) has delayed the release of its 2023-24 survey of income and housing due to flaws in data collection and questionnaire design, impacting policy-making and economic analysis during a housing affordability crisis, creating a five-year data gap.

Progress

48% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Divergent Investment Strategies Amidst Market Uncertainty: Retail vs. High-Net-Worth Investors

In the first half of 2025, Australian retail investors heavily invested in mining stocks like BHP, while wealthier SMSFs diversified globally using ETFs, showcasing contrasting strategies in response to market uncertainty.

Progress

40% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Record High for ASX Despite Weak Retail Sales; Rate Cut Expected

The Australian sharemarket hit a record high (8597.70) on Wednesday despite weaker-than-expected retail sales growth (0.2% in May), fueling expectations of another interest rate cut. Several companies experienced significant share price changes, including Domino's (down 15.8%), Qantas (down 2.2%), a...

Progress

36% Bias Score

Decent Work and Economic Growth

Showing 13 to 24 of 82 results