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30 October 2024 • By Maja Garaca Djurdjevic • 1 min read

Assistant Treasurer defends ‘fairer’ super tax as opposition pushes back

Assistant Treasurer Stephen Jones has defended the government’s plan to modestly cut tax concessions for Australia’s wealthiest superannuation ...

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Bitcoin surges above US$70k as market bets on record highs

Cryptocurrency prices are hovering at levels not seen in nearly five months, and market experts believe that bitcoin is on the verge of breaking free ...

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Aussie investors skip on US election woes, opt for long-term outlook

Local investors are homing in on fundamentals and sticking to their long-term investment horizons, according to new market research. Australian ...

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ANZ faces $196m hit on Suncorp acquisition

ANZ has disclosed a substantial $196 million impact on its second half 2024 results due to one-off accounting adjustments linked to its recent ...

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New defence ETF ignites investor interest amid Australia’s latest $7bn defence deal

Australia’s $7 billion missile deal with the US is set to fire up the local defence sector, as the country’s new defence ETFs spark strong interest ...

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Westpac leads in climate commitments, but banks face growing action gaps

While the country’s largest banks are making progress on their climate strategies, one has emerged as the winner, and another, the laggard

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Chalmers puts the brakes on negative gearing reforms

Chalmers has put the brakes on any changes to negative gearing and capital gains tax discounts, emphasising that the solution to Australia’s housing ...

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HMC to acquire Sydney data centres in $1.9bn infrastructure play

A local asset manager has unveiled key initiatives to establish a global digital infrastructure platform. HMC Capital is establishing a global ...

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Big 4 reveals $123m hit to profit

Ahead of the bank’s full-year results, Westpac has said that its NPAT will be impacted. Westpac’s reported net profit after tax (NPAT) for ...

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Aussie private credit poses low direct risk, but transparency concerns persist, says RBA

Australia’s central bank has assessed that the local private credit market poses low direct risks to financial stability, but transparency concerns do ...

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