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The Albanese government is facing backlash for proposed reforms it says the country needs to fix intergenerational inequity.

Looming five-figure tax hit for young Aussies

The Albanese Government is facing backlash for proposed reforms it says the country needs to fix intergenerational inequity.

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The ASX has made gains after a seven-week low. (Joel Carrett/AAP PHOTOS)

Aussie shares rebound after Trump postpones new attack

The ASX was up 0.8 per cent at midday, recovering from a seven-week low, after Donald Trump said he was scrapping plans for another attack on Iran.

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onsumers are still down in the dumps despite easing fuel price shocks.

Consumers still down on the dumps despite fuel shock easing

Australian consumers are still very much down in the dumps despite lower fuel prices at the pump.

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Prime Minister Anthony Albanese has been smashed with memes made by small business owners across the country, who are slamming changes in the Federal Budget.

‘New partner’: Memes mocking Albo go viral on social media

Prime Minister Anthony Albanese has been smashed with memes made by small business owners across the country, who are slamming changes in the Federal Budget. 

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Wealthy expats seek alternatives as Middle Eastern tax haven tarnished by war The Nightly

Where Dubai expats are ending up as war tarnishes tax haven

THE ECONOMIST: Many hoped to return once the hostilities ceased. As these drag on, however, plenty are casting around for a new, more peaceable bolt-hole. Where are they headed? And will they ever return?

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Asked about changes to business taxes, Treasurer Jim Chalmers defended the Budget.

Small businesses face double tax blow under CGT changes

The Federal Government’s changes to capital gains taxes could see small businesses cop a double tax bill if they restructure to cope with the overhaul.

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RBA Governor Michele Bullock and Treasurer Jim Chalmers.

RBA chief economist sounds alarm on a rate hikes recession

The Reserve Bank of Australia’s chief economist Sarah Hunter has warned entrenched inflation could lead to punitive rate hikes that would spark a recession.

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LNG exporters will be forced to quarantine 20 per cent of their gas exports from July 1, 2027 for the domestic market, under the plan unveiled in last week’s Federal Budget.

Albo Government promises to get gas reservation plan ‘right’

But it doesn’t rule out taking more dramatic steps to ensure domestic supply if Australia’s outlook worsens, amid ongoing disruptions from the Middle East conflict.

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Treasurer Jim Chalmers has copped criticism for some of the tax changes in the recent budget.

All eyes on RBA for Federal Budget response

Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank's May meeting and a speech by the RBA's chief economist.

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Elon Musk’s lawyer say he may appeal but a judge has suggested he may have an uphill battle.

Verdict delivered in Elon Musk heated battle against OpenAI

The federal jury made a unanimous decision on Elon Musk’s legal battle against OpenAI after less than two hours deliberation.

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Recently I’ve noticed a pattern— not in spreadsheets or rate charts, but in the quiet, honest conversations taking place not only all over Perth, but in homes across Australia. It’s the 2am wake-up.

Why Aussies are waking up worried about money

Recently I’ve noticed a pattern— not in spreadsheets or rate charts, but in the quiet, honest conversations taking place not only all over Perth, but in homes across Australia. It’s the 2am wake-up.

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The ASX fell 110.1 points by midday, dropping 1.28 per cent. (Bianca De Marchi/AAP PHOTOS)

Aussie shares tumble as bonds sell-off and oil soars

Resurgent oil prices are weighing on the local stock exchange, with only the energy sector making positive progress to start the new trading week.

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Northern Minerals Browns Range project site.

‘National interest’: Chalmers orders rare earth sell-off

The mysterious shareholding of Northern Minerals has again raised the ire of Federal Treasurer Jim Chalmers, who has issued yet more disposal orders for the rare earths miner.

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After last week’s Budget, I am now weighing up my options on whether I should sell an East Perth investment unit. Can I park the proceeds in super to dodge the tax blow?

Should I sell my rental unit now to dodge CGT changes?

Q+A: After last week’s Budget, I am now weighing up my options on whether I should sell an investment unit. Can I park the proceeds in super to dodge the tax blow?

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Irrespective of your personal income tax rate, a super fund deducts at least the 15 per cent contributions tax when the payment is a concessional contribution.

Why you can skip super top-ups if you earn this much

New income tax rates that take effect in six weeks mean it’s time for many superannuation members to revisit their voluntary contribution levels, or risk wasting up to $3400 in unnecessary tax.

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