Focus
Angus Taylor
Minister Issues New Directive to Cut International Student Numbers into Australia
New ministerial direction limits international student numbers with revised forecast pushing net migration to 340,000.
The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed
The Opposition said now was not the right time to ’sack and stack' the Reserve Bank Board.
Treasurer Says Australians Under ‘Substantial Pressure’ as Economy Underperforms
Australia’s economic growth has been sluggish for several quarters now.
Australian Economy Grows Slightly, Falls Short of Expectations
On an annual basis, the economy grew by 0.8 percent, down from 1 percent in June, and below the expected 1.1 percent growth.
Australia’s Inflation Rate Continues Steady Decline at 2.1 Percent
ABS data says this is the lowest annual inflation since July 2021.
Labor to End Debit Surcharge Fees for Government Services
Shadow Treasurer Angus Taylor voiced concerns over the surcharge policy but pledged support in the House, awaiting Senate discussions for a final stance.
Opposition Accuses Labor of ‘Raiding the Nation’s Nest Egg’ in Future Fund Shift
The Labor government has directed the Future Fund to consider investments in housing, infrastructure, and green energy.
Labor to Mandate Cash Option for Buying Essentials
The opposition has called for clarity regarding what ‘essential’ items will come under the proposed law.
Coalition Backs Merger Law Reform but Raises Concerns About Red Tape, Unneeded Costs
Shadow Treasurer Angus Taylor cautions that while the bill may tackle competition issues, it risks adding red tape, compliance costs, and stifling innovation.
Treasurer Celebrates Dropping Inflation Amid Opposition Criticism
Australian Bureau of Statistics on Oct. 30, revealed a drop in inflation to 2.8 percent, the lowest level recorded in almost 4 years.
IMF Reports High Inflation, Opposition Criticises Government for Mismanagement
Taylor accused the government of mismanaging inflation, while Gallagher claimed it has dropped by half since the Liberals’ departure.
Angus Taylor Challenges PM’s Surplus Claim, Citing Increased Taxation and Spending
In contrast to Taylor’s claims, Chalmers stated that the surplus was achieved not by increasing taxes but by reducing spending.
Treasurer Says Labor Not ‘Artificially’ Lowering Inflation
The minister’s comments come as new ABS figures reveal a 3-year-low for Australia’s inflation rate.
RBA Governor Explains Why Australia Lags Behind in Interest Rate Cuts
Bullock stated that Australia sets its interest rates based on domestic circumstances, noting that we have been less restrictive compared to some others.
Treasurer Jim Chalmers Open to Negotiating with Greens on RBA Legislation
The opposition warns the reform may result in a ’sack and stack' approach.
Government Defends Sluggish GDP Numbers in Parliament
The treasurer said the UK, Canada, and NZ had higher unemployment, and interest rates than Australia.
Australians’ Standard of Living Declined Nearly 10 Percent: Shadow Treasurer
‘Our focus is on making the right decisions for the right time,’ Finance Minister Katy Gallagher said.
Australia’s Current Account Deficit Hits $10.7 Billion in June Quarter 2024
‘This quarter’s current account deficit reflects continued falls in bulk commodity prices and higher income paid to non-residents,’ ABS’s Tom Lay said.
Government Eyes Bipartisan Support for RBA Reform Amid Fears of Board ‘Stacking’
Chalmers aims for the Bill to pass this year so the new Reserve Bank board can be operational from the start of 2025.
New Climate Reporting Laws Passed: Businesses Face New Disclosure Requirements
The Opposition has warned the new measures could create an extra $2.3 billion in compliance costs for Australian businesses.
