On one hand, strong employment growth suggests more people are finding work and getting extra hours. On the other hand, it has sharply increased the chance that interest rates could rise again as early as next month, adding further pressure to already stretched household budgets. New data from the Australian…

Recent data from Domain indicates the market is beginning to rebalance after years of rapid rent increases, with growth becoming more uneven and selective depending on location and property type. Over the December quarter, house rental asking prices either fell or remained unchanged in cities including Melbourne, Adelaide, Perth and…

Karen McDonald, Accountancy Insurance Cybercrime is now one of the fastest-growing threats facing Australian accounting firms of every size. Small and mid-sized firms are being targeted because they hold valuable financial data, process large volumes of payments, and rely heavily on email, cloud platforms, and third-party software. Criminals know that…

Audit activity by the Australian Taxation Office (ATO) and other government revenue authorities continues to be shaped by targeted compliance programs, leveraging advanced data matching and artificial intelligence tools. These technologies enable authorities to identify discrepancies with unprecedented precision, ensuring that businesses, self-managed superannuation funds, and individuals remain under scrutiny.…

Data released for November shows the cost of living is rising more slowly than before, but not enough to clearly rule out another rate increase in the months ahead. Inflation rose 3.4 per cent over the year to November, down from 3.8 per cent in October. This easing was stronger…

One key concern is the rise in underemployment. The share of people who have a job but want more hours climbed to its highest level in more than a year. At the same time, the number of people actually employed fell by more than 21,000. Even the overall labour force…

The S&P/ASX 200 closed 0.3 percent stronger at 8618.40 after a midday dip, with just under half of the index’s sectors finishing in positive territory. The Australian dollar held steady around US66 cents late in the session. A decisive move in bond markets shaped much of the day’s activity. Yields…

With the subsidy scheduled to finish at the end of 2025, many households are anxious to know whether assistance will continue. Treasurer Jim Chalmers has indicated that a final decision will come in December. He explained that the timing allows the government to incorporate the most up-to-date data before locking…

The latest figures from the Australian Bureau of Statistics (ABS) show strong job creation and continued workforce participation. However, the improvement also means Australians are unlikely to see any cuts to interest rates before the end of the year. According to the ABS, the number of people employed rose by…

Announced in September and launched on 24 October, the review forms part of the government’s broader strategy to streamline regulation, lift productivity, and support business efficiency. Treasurer Jim Chalmers has tasked the Board with identifying practical, measurable opportunities to cut unnecessary tax-related red tape. The review will focus specifically on…