Business

An Australian Taxation Office ruling should send a shiver down the spine of anyone who owns a holiday home, claims hefty deductions during the year but, conveniently, only rents it out at certain times.

The taxman is coming for you and your ‘rented’ holiday home

YOUR MONEY: A Taxation Office ruling should send a shiver down the spine of anyone who owns a holiday home, claims hefty deductions but, conveniently, only rents it out at certain times.

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You don’t need to be a finance expert to teach these lessons. Start with age-appropriate concepts and build from there. Here’s what to focus on at each stage.

The money lessons to teach your kids at every age

YOUR MONEY: Financial literacy isn’t just about numbers. It’s about building skills that will shape your child’s decisions. And the good news? You don’t need to be an expert to teach these simple lessons.

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In a damning report released late last year, ASIC conducted a review of 100 SMSF client files of selected financial advisers recommending the DIY route.

Early access and illegal loans: ATO puts SMSFs on notice

YOUR MONEY: Self-managed superannuation fund members (and their advisers) have been warned the taxman is coming to weed out bad behaviour, including illegal loans and early access to savings.

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Share markets whipsawed on Monday in response to the US attack on Iran. There are the stocks copping the biggest sell-off.

Oil, gas prices surge as Middle East crisis hits ASX

Share markets whipsawed on Monday in response to the US attack on Iran. There are the stocks copping the biggest sell-off.

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The unfolding violence between Iran and Israel has already caused a spike in global oil prices.

Oil price tipped to climb as traders react to Middle East

Worries that a rising oil price will push global inflation higher are in focus, ahead of what’s expected to be a volatile day on the S&P/ASX 200.

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Anthropic CEO Dario Amodei.

Pentagon declares Anthropic a threat to national security

The Trump administration has placed AI firm Anthropic on a far-reaching national security blacklist, effective immediately.

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The Matildas are massively popular and fans have no doubt about the shape of the football.

Retail giant roasted for ‘disgraceful’ Matildas blunder

‘I can’t think of another place on the planet that would make this mistake.’

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Warner Bros Discovery has sealed a deal to be acquired by Paramount Skydance. (AP PHOTO)

Warner Bros signs $US110 billion deal with Paramount

Warner Bros Discovery has agreed to a $A155 billion takeover deal by Paramount Skydance.

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Fly-in fly-out miners re the only labour force category where the average worker can afford the typical $1 million home with a backyard.

The only group of Aussies that can afford a typical house

There’s only one broad labour market group that can afford the typical $1 million house. Here’s why the housing crisis could spark something else underground.

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Traditional mining and banking stocks have been favoured while the tech sector has slumped.

Boomers win as banks and miners surge, tech slumps

Analysts highlighted an exceptionally volatile profit reporting season on worries about the impact of AI, as traditional miners and banks favoured by older generations jumped higher.

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The Commonwealth Bank has reported a possible mortgage fraud. (Morgan Sette/AAP PHOTOS)

Commonwealth Bank reports $1 billion mortgage fraud scheme

If proven, it will be the largest fraud case against one of Australia’s major banks.

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Executive chairman of Harvey Norman Holdings Gerry Harvey.

AI-led computers, mobiles help lift Harvey Norman profit

Harvey Norman chair Gerry Harvey reckons consumers have cast aside cost-of-living pressures to stock up on AI-led computers and mobile devices, helping it deliver a 15 per cent increase in half-year profit.

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Coles CEO Leah Weckert.

Coles says RBA rate hike ‘knocked’ shopper confidence

Coles chief Leah Weckert says while this month’s interest rate rise has knocked consumer confidence, the supermarket giant is yet to see the impacts on shopping behaviour.

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 With a more focused approach, America could break China’s chokehold on critical minerals.

America’s dangerous pursuit of critical-mineral dominance

With a more focused approach, America could break China’s chokehold on critical minerals

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Coles has recorded a $511m profit for the second half of 2025.

Aussie supermarket giant announces huge profit

Coles has revealed a huge profit for the first half of the financial year, but the result fell short of last year’s figure.

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