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04 May 2016 • By Tim Stewart • 1 min read

Cuts to super tax concessions 'counterproductive'

Last night’s federal budget reduced a number of super tax concessions, but the Financial Services Council has labelled the changes "counterproductive"

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ANZ first-half profit down 22%, dividend cut

ANZ has continued a week of disappointing bank results by announcing a slump in its net profit to $2.7 billion and a 7 per cent cut to its ...

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Weak inflation forces RBA's hand

Reserve Bank of Australia governor Glenn Stevens has pointed to "unexpectedly low" inflation data as the reason for yesterday's surprise cash rate cut

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Tax concessions for small business expanded

Millions of Australians could benefit from budget reforms which aim to lower tax and provide access to tax concessions for small business, according ...

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Tax cut for middle-income earners

Taxpayers earning between $80,000 and $87,000 will receive a tax cut after the government moved to address 'bracket creep' in the federal budget

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Infrastructure to receive $50bn boost

The government has pledged to invest $50 billion in roads, rail and dams infrastructure between 2013-14 and 2019-20 in tonight's federal budget

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Tough tax avoidance reforms target multinationals

The government says it will raise $3.7 billion from tough budget reforms targeting tax-avoiding multinational companies and high wealth ...

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RBA cuts cash rate to 1.75 per cent

The Reserve Bank of Australia has cut the cash rate by 25 basis points to 1.75 per cent – the first time the cash rate has been changed in 12 ...

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Rate cut 'not warranted': RBA Shadow Board

The RBA Shadow Board, made up of industry and academic economists, has warned the RBA against cutting interest rates today in response to last week's ...

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Westpac posts $3.9bn first-half profit

Westpac has announced a first-half profit of $3.904 billion for 2015-16, up 3 per cent on the prior corresponding period but slightly below analysts' ...

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