Oliver’s Insights – The economic impact of the 2024 Federal Budget

15 May

The 2024-25 Budget – another surplus, but bigger medium term deficits with more big spending, including on a “Future Made in Australia”   Key points   – The budget this year is expected to show a surplus of $9.3bn thanks to a...[Read More]

States query GST carve-up despite ‘constructive’ budget

15 May

States are split on the federal budget as the two most populous jurisdictions question their GST shares, while resource-heavy Western Australia counts its riches. NSW will be the biggest loser from the annual GST distribution set out in the budget...[Read More]

Treasurer absorbs warnings on budget fuelling inflation

15 May

While the federal government says its budget will lower inflation, analysts counter that broad cost-of-living relief, such as energy rebates and tax cuts, could make things worse. An expanded version of the energy-bill relief delivered in last...[Read More]

Investment markets and key developments – Weekly market update 10/05/24

15 May

Global shares mostly rose again over the last week, helped by ongoing confidence that major central banks are on track to cut rates this year and strong US earnings results. For the week US shares rose 1.9%, Eurozone shares rose 3.1% making a new...[Read More]

Workers’ wages grow 4.1 per cent, silver lining for RBA

15 May

Workers saw their wages outpace inflation during the first three months of 2024, but a lower-than-expected increase will encourage the Reserve Bank board as they mull their next interest rate move. Wages grew 4.1 per cent annually in the March...[Read More]

Top 10 Essentials for Lifelong Health and Wellness

16 May

Creating a sustainable approach to health and well-being involves habits and practices that enhance physical, mental, and emotional health over the long term.    Here’s a top 10 list to help maintain ongoing health and well-being:   Balanced...[Read More]

5 Tips for an amazing life after retirement

16 May

Have you ever thought about life after retirement? If you have, you most likely think about the best things in life: a happy family, good health and wealth. The only way to make this dream retirement a reality is to have the right retirement...[Read More]

Workers to enjoy real wages growth, despite inflation

15 May

Workers will see their pay packets grow in real terms for at least the next five years, flying in the face of ingrained inflation fears, the federal government predicts. Continuing strength in the Australian labour market is expected to result in a...[Read More]

Cost-of-living relief and more homes in federal budget

15 May

FEDERAL BUDGET SUMMARY   ECONOMY * Budget surplus of $9.3 billion in 2023/24 * Deficits of $28.3 billion in 2024/25, $42.8 billion in 2025/26, $26.7 billion in 2026/27 and $24.3 billion in 2027/28 * Commonwealth net debt rising to $552.5 billion...[Read More]

Economists warn budget could ‘poke inflationary bear’

15 May

A pitch to bring inflation back to target by as soon as Christmas has been muddied by economists worried about new spending and energy bill relief for all. Forecasts embedded in the Albanese government’s third budget show inflation will go back...[Read More]

Annual power bill rebates for homes, businesses

15 May

Households will receive hip-pocket relief with $300 knocked off their quarterly energy bills, as the federal government seeks to ease price increases fuelled by Russia’s invasion of Ukraine. The package is part of cost-of-living measures in...[Read More]

Incentives set to fuel green hydrogen growth

15 May

Tax breaks to supercharge the production of renewable hydrogen for use as a fuel and other applications are part of the federal budget’s push for net-zero prosperity. The global renewable hydrogen race is already well underway as advanced...[Read More]

Australia boosts funding for Pacific to counter China

15 May

Australia will spend an extra $206 million to boost ties and increase its presence in the Indo-Pacific as a counter to China’s growing influence in the region. Canberra is increasing its footprint through security deals and infrastructure...[Read More]

Refugee support services get budget boost

15 May

Transitional services for refugees and migrants have been topped up amid a federal budget scant on immigration details. The government has put aside $27 million in refugee and migrant funding over three years towards youth support, specialised...[Read More]

Federal Budget at a glance: focus on power bills, medicines and rent relief

15 May

THE BUDGET Budget surplus of $9.3 billion in 2024/25 Commonwealth net debt to rise to $552.5 billion (20 per cent of GDP) in 2024/25 Economic growth to rise to two per cent in 2024/25 Unemployment rate to rise to 4.5 per cent in 2024/25 Inflation...[Read More]