Business

The Economy

Treasurer Scott Morrison says it is not clear what position he will take over the extra revenue.

Budget battle as Treasurer won't commit to saving mining windfall

Australia's top economic bureaucrat has begged the government not to spend the coming windfall from soaring coal and iron ore prices, saying if it did it would repeat the mistakes of prime minister John Howard and treasurer Peter Costello in the early 2000s.

RBA governor Phil Lowe is unhappy with the prospect of continued low wages growth.

It's what they wanted, but it hurts

Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.

Small Business