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Peter Martin

Peter Martin is the Economics Editor for The Age.

AFR Tax Reform Summit: Labor says no to a higher GST, yes to lower company tax

Peter Martin Labor has flatly rejected co-operating with the Coalition on boosting the goods and services tax, whatever the outcome of next year's tax white paper and negotiations with the states.

Malcolm Turnbull's reshuffle is bigger than it seems

Malcolm Turnbull will skip next week's United Nations meeting and send Foreign Affairs Minister Julie Bishop instead.

Peter Martin There's more to Malcolm Turnbull's reshuffle than a change of ministers. There has also been change in the nature of ministries.

Turbulent times ahead despite Malcolm Turnbull's strong start

Australia Prime Minister Malcolm Turnbull announces his new cabinet as Foreign Minister Julie Bishop, left, looks on during a press conference at Parliament House in Canberra, Australia, Sunday, Sept. 20, 2015. Turnbull announced sweeping changes to his first Cabinet and promoted more women from two to five, including Australia?s first female Defense Minister Marise Payne. (AP Photo/Rob Griffith)

Mark Kenny, Peter Martin Malcolm Turnbull is facing a perfect storm in coming weeks with unhappiness in the party room over the dropping of "big "C" conservatives threatening to boil over.

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RBA's Glenn Stevens says investor housing under control, interest rates about right

Glenn Stevens

Peter Martin The Reserve Bank says it's "content" with the level of interest rates and increasingly content with the state of housing market.

Joe Hockey's reckoning: budget outcome $8b worse than forecast

Treasurer Joe Hockey.

Peter Martin Joe Hockey has concluded his first and only financial year as treasurer with a budget outcome $8 billion worse than forecast.

Malcolm Turnbull might take GST hike to the next election, says Josh Frydenberg

Peter Martin Assistant Treasurer Josh Frydenberg has raised the prospect of the Turnbull government taking an increase in the goods and services tax to the next election.

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Joe Hockey has been a good treasurer with our best interests at heart

Peter Martin dinkus

Peter Martin Defending his record in what may be one of his last days as Treasurer, Joe Hockey told Parliament on Tuesday that the Australian economy was $68 billion bigger than when it had been entrusted into...

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Liberal leadership spill: Tony Abbott's annual pension to top $300,000, plus extras

Tony Abbott faced a leadership showdown at Parliament House on Monday night.

Peter Martin Tony Abbott is set to go off into the sunset with an annual pension of $307,542 per year.

Liberal leadership: the Malcolm Turnbull doctrine - telling the truth about economy


Peter Martin Malcolm Turnbull has promised to tell us the truth. He says he is offering a new style of leadership that "respects people's intelligence, that explains complex issues and then sets out a course of...

Don't panic if the unemployment rate hits 6.5 per cent

Peter Martin Prepare to be shocked. On Thursday the Bureau of Statistics is likely to tell us that the unemployment rate has scaled new heights, climbing from 6.3 per cent to as much as 6.5 per cent.

Abbott government plan to make young unemployed wait for dole blocked in the Senate

If unemployment hits 6.5% today, it will mark a 13-year high.

Peter Martin A surprise Senate defeat will allow young Australians to continue to claim Newstart within days of losing work, after the Greens, Labor and most independents united to block a bill that would have...

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Coalition auditor for 2013 election costings breached standards

The simple sums on the car industry make this Joe Hockey decision look suspect at best, and bloody-minded 
at worst.

Peter Martin Two years on from the Coalition's 2013 election victory, one of the three experts who "independently verified" its campaign costings has been found guilty of breaching auditing standards.

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GDP: The twin peaks that show our economy no longer riding high

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Peter Martin The Twin Peaks that reveal why Australia's economy is struggling.

A 60 cent Australian dollar. Why it's just what we need.

moneypenny000731 pic by Tanya Lake first use  AFR
 generic money counting red nails women cash ten dollars $10 Australian currency Banjo Patterson


Peter Martin The Australian dollar has dipped below 70 US cents twice in the last two days. Next time, it's set to stay below 70 and keep falling.

Medibank and Calvary resolve health insurance dispute at 11th hour

Calvary and Medibank have settled their dispute but neither party will reveal the terms of the new agreement.

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...

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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.

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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.