Health

Medibank float gets boost from Audit Commission

Jessica Gardner The value the Abbott government could earn from the float of Medibank Private would be boosted by recommendations in the National Commission of Audit that could dramatically increase the number of...

Online

Jimmy Choos cheaper at home, thanks to $A

The Jimmy Choo 'Evelyn' can now be had more cheaply online from Australian retailers than from the US.

David Fickling With a falling Australian dollar and local retailers sharpening up, some online fashonistas are shopping less offshore.

Economy

Commission of Audit: What's in it for business?

Australia Post

Peter Martin Australia Post, Snowy Hydro, the Moorebank Intermodal company and the Australian Rail Track Corporation are among the prizes for businesses in the government's National Commission of Audit report

Real estate

Chinese buyers mean rate rises won’t burst housing bubble: UBS

Detached housing

Sally Rose The rising influence of Chinese investors in the Australian property sector means the Reserve Bank of Australia has lost its ability to use the official interest rate as a tool to protect Australian...

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Real estate

Australian home values cool down

Rp Data

Antony Lawes and Toby Johnstone There is more evidence that surging property prices are turning buyers away, with the latest data suggesting only nominal growth over the past month.

PMI

Manufacturing slumps again

An employee of Electrolux adds components to a fridge at the Electrolux Factory in Orange, NSW. The future of the factory is unclear at this stage but managment is trying to improve efficiency and production to keep the factory open. generic factory manufacturing fridges industry union employment photo taken on the 11th of June 2013 PHOTO DOMINIC LORRIMER

Manufacturing activity has slumped again, sparking warnings that any tax hikes in the government's May budget could pile more pressure on the industry.

Tax

Google Australia's tax bill jumps tenfold

Google

Nassim Khadem Google Australia's tax bill has risen more than tenfold to $7.1 million.

Eco

Tax returns to be axed for 1.4m Australians

ATO

Fleur Anderson Up to 1.4 million taxpayers will be freed from the hassle of completing a tax return and will receive a "thank you" receipt from the Treasurer for paying their taxes from July 1 this year.

Food

Call for food export tax breaks

agriculture farming farm australia tractor

Jared Lynch Tax breaks on the export earnings of food and beverage companies are needed to attract much needed foreign investment and earn Australia a bigger slice of Asia's dining boom, a business advisory firm...

Economy

Australians living the high cost life

Australia flag

Australia has been named the world's fourth most expensive country to live in by a study that also indicates China is poised to overtake the US as the world's biggest economy.

Tax

Deficit levy would wipe out a decade of tax cuts

Joe Hockey

John Collett If the government does announce a deficit levy in the budget on May 13, almost all of the reductions in income tax over the past 10 years will be clawed back.

Economy

Foreign tourists spend record $29b in Australia

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Jamie Freed International visitors to Australia spent a record $28.9 billion last year – a 6 per cent rise from the prior year

Eco

Public service is Australia's hidden jobs boom

BUSINESS GLC010109.001.001  FIRST USE AFR  PHOTOGRAPH BY GABRIELE CHAROTTE GENERIC BUSINESS MAN BUSINESSMAN WHITE COLLAR WORKER INVESTMENT BANKING BANKER EMPLOYMENT UNEMPLOYMENT SUIT WAGES SALARY MEETING APPOINTMENT pedestrians
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Twice as many public servants than mining workers were hired in Australia's 10-year resources boom, enlarging the bureaucracy and inflating public spending.

Gerry Harvey criticises proposed deficit levy

Gerry Harvey

Gareth Hutchens Gerry Harvey says the proposed deficit levy will do nothing to fix the big economic problem facing Australia.

Economy

Weaker dollar? Not so fast

Aussie dollar

Bianca Hartge-Hazelman Despite calls for a weaker dollar many businesses want the Australian currency to stay above US90¢.

Economy

New deficit levy would hit consumer sentiment but effects on spending unknown, say economists

Treasurer Joe Hockey.

Gareth Hutchens The Abbott government's proposed "deficit levy" expected to be introduced in the May budget will hit consumer sentiment at a sore time for Australian retailers.

Retail

Tough budget won't hurt spending, says Wesfarmers chief Richard Goyder

NEWS  -  Richard Goyder, Managing Director of WestFarmers at the Coles Floreat, 250th renewal store in Floreat, Perth. Photo Ross Swanborough. 270612

Eli Greenblat Wesfarmers boss Richard Goyder said he wasn't fearful of a dive in consumer demand if the federal government introduced a raft of tax hikes, new levies and spending cuts as part of what it is touting...

Legal

Bank-owned super funds rebuffed by Fair Work Commission

superannuation

Georgia Wilkins Bank-owned super funds have lost a bid to thwart a review into super funds which could see them lose control over the more than $9 billion made in default super contributions each year.

Eco

Australia's business confidence falling

Bianca Hartge-Hazelman Australian businesses are less confident about the future than they were at the end of last year, a new report has found, with many worried about higher interest rates and an Australian dollar that...

Economy

Tourism investment on the rise

Jamie Freed The investment pipeline for Australian tourism grew by $5.2 billion to $49.4 billion in 2013, but most of the gains were from the weaker Australian dollar raising the value of forward aircraft orders...