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As of March 31, 2026, the scheme reported 774,456 participants with an annual cost of $50.7 billion (US$35.1 billion) over the 2025-26 financial year.
Jim Chalmers said service stations and oil suppliers would be monitored closely for price rises in the wake of tax relief measures being rolled back.
New analysis shows national home value fell by 0.4 percent in June, the largest month-on-month fall since December 2022.
Australians can expect a range of changes to fees, wages, taxes, and welfare.
Analysis by Universities Australia found the cost of maintaining a basic student standard of living has increased by 29 percent since 2021.
Auction clearance rates have fallen to pandemic-era lows across the country in recent weeks.
The McKinsey ConsumerWise report finds rising living costs are the dominant concern, driving consumers to cut spending across all categories except fuel.
Treasurer Jim Chalmers said the reforms were worthwhile but admitted Labor had suffered from a ‘big partisan political campaign’ against them.
A housing group based in South Australia has called on the Australian government to add cooperatives to its long-term housing plan.
The Real Estate Institute of Australia says the government’s planned capital gains tax and negative gearing changes will make housing less affordable, not more.
The head of a peak seniors body warns many older Australians struggle with cost of living and that younger generations face a tough future.
The housing sector has warned that Labor’s tax reforms would increase the tax burden on property businesses, affecting consumers and reducing housing supply.
The Business Council of Australia says the country already falls behind in terms of investment competitiveness.
Charities Minister Andrew Leigh says Australia is entering a historic $5.4 trillion wealth transfer and is urging more Australians to leave charitable bequests.
‘We’ve all been there, trying to cancel a subscription before. And before you know it, you’re six screens deep,’ said a consumer affairs advocate.
The company was placed into voluntary administration in February.
“A car is stolen or broken into every 42 minutes in Victoria,” Insurance Council of Australia CEO Andrew Hall said.
The budget includes a partial freeze of public service hiring.
Greens Senator Barbara Pocock argues the 4.75 percent rise isn’t enough as Labor’s Murray Watt acknowledges ongoing inflation issues.
Beverage giant Lion cited the ’significant cost inflation' along with the long-term decline in the national beer market as reasons for the decision.
