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Peter Martin

Peter Martin is the Economics Editor for The Age.

Medibank and Calvary resolve health insurance dispute at 11th hour

Peter Martin, John Thistleton Customers of Medibank Private will be free to use hospitals run by Calvary Health Care after agreement over a new contract

National Reform Summit: Recession wake-up call from ex-Treasury head Martin Parkinson

Former Treasury head Martin Parkinson warned that Australia could sacrifice as much as 5 per cent of the economy in missed economic growth.

Mark Kenny, Peter Martin A former Treasury head has told a historic coalition of business, unions and welfare lobbyists that the equivalent of a recession is looming in the next decade unless Australia boosts productivity.

National Reform Summit: We are 'sleepwalking into a real mess', says ex-Treasury boss Martin Parkinson

Former Treasury head Martin Parkinson:

Peter Martin Australians are "sleepwalking into a real mess", facing the equivalent of a recession in the next ten years as income growth looking far lower than officially forecast, the National Reform Summit has...

Comments 104

Joe Hockey offers the tax cuts we neither need nor can afford

Peter Martin Why pick now, of all times, to cut income tax? Bracket creep - Joe Hockey's stated reason for wanting to cut rates - is at a record low.

Comments 53

GST to apply to all imports into Australia from July 2017

The GST will apply to all products and services sold by vendors overseas into Australia from July 2017.

Peter Martin and Gareth Hutchens State and territory treasurers have agreed to apply the GST to offshore sales into the Australian market.

Treasurers' tax summit set to impose GST on all online imports

Treasurers are set to approve subjecting all imported parcels to the GST.

Peter Martin State and Commonwealth treasurers meeting in Canberra are set to agree on a zero tax threshold for online purchases, a move that would subject all imported parcels to goods and services tax.

Treasurers' tax summit: Victoria wants a bigger Medicare levy, NSW wants a bigger GST

Victorian Treasurer Tim Pallas says that after compensation a proposed increase in the GST from 10 to 15 per cent would raise very little for states.

Peter Martin NSW and Victoria are at loggerheads going into Friday's tax reform meeting, with NSW wanting an increase in the GST, while Victoria wants a higher Medicare Levy.

Comments 8

Productivity Commission to look at intellectual property reform

Treasurer Joe Hockey has asked the Productivity Commission to examine Australia's intellectual property system.

Peter Martin Australia's last unexamined monopolies are about to face public scrutiny.

Andrew Robb: It's crunch time for the Trans-Pacific Partnership

Trade Minister Andrew Robb speaks to the National Press Club in Canberra on Wednesday.

Peter Martin The giant Trans-Pacific Partnership trade deal could be signed within days according to Australia's Trade Minister Andrew Robb. But he says if it's not, "the chances are it will fall apart".

Comments 9

Wage Price Index: Pay growth hits record low, but prices are weak too


Peter Martin It might not be the best time to ask for a pay rise. Wage growth has slumped to a record low. New figures from the Bureau of Statistics show wages grew by just 2.

Labor hardens its stance on China-Australia Free Trade Agreement

Labor's trade spokeswoman Penny Wong called on Trade Minister Andrew Robb to work with the opposition to ensure the deal serves the national interest.

Peter Martin Labor has opened the door to voting down the China Australia Free Trade Agreement saying it isn't satisfied it will protect Australian jobs.

Comments 8

Census 2016 to be $100 million cheaper and all digital, on August 9

Census thumb

Peter Martin The census is back by popular demand, and it happens a year from tonight.

Reserve Bank forecasts fall in unemployment

Treasury secretary John Fraser.

Peter Martin The Reserve Bank has dramatically scaled down its forecast for unemployment, predicting the rate will quickly fall from the present 6.

Employment figures: Jobless rate rises, but more get work

Treasurer Joe Hockey says of the economy's growth rate, 'I think we can get back up to 3.25 per cent, 3.5 per cent.'

Peter Martin Australians face their best chance of finding work since the election of the Abbott government in 2013 following a pickup in the jobs market.

Comments 69

Cut negative gearing, trim capital gains tax concession and save $9 billion, Parliamentary Budget Office says

Negative gearing and capital gains tax have been examined in a Parliamentary Budget Office inquiry.

Peter Martin Limiting negative gearing to new properties and cutting the discount on capital gains tax would save the budget $9 billion over four years, the Parliamentary Budget Office has found.

Comments 135

The Productivity Commission's workplace relations finding: nothing much wrong

Peter Martin dinkus

Peter Martin The most important finding of the Productivity Commission's workplace relations inquiry is perhaps the most surprising, given how keen the government was to set it up: "Australia's recent labour...

Trans-Pacific Partnership deal in doubt

US President Barack Obama met members of the TPP on the sidelines of Apec.

Peter Martin The giant Trans-Pacific trade talks were in danger of breaking up without agreement as the United States withdrew an offer it had previously made to Australia on dairy access and gave no ground on...

Trans Pacific Partnership to impose new rules on Australia Post, NBN

 Trade Minister Andrew Robb: searching for a compromise.

Peter Martin Leaked details of the Trans Pacific Partnership talks underway in Hawaii suggest that government-owned firms such as Australia Post, the Clean Energy Finance Corporation and the National Broadband...

Comments 81

ABS Living Cost Index suggests we are less financially stressed

Fuel pumps

Peter Martin Wages are climbing at their slowest pace this century, yet few Australians seem concerned.

Australia faces $50m legal bill in cigarette plain packaging fight with Philip Morris


Peter Martin Australia's legal bill for defending its cigarette plain packaging legislation is set to hit $50 million as it battles to contain a case brought by tobacco giant Philip Morris before a tribunal in...