Business

In simple terms, a recent change prohibits an aged care facility from accepting a refundable accommodation deposit until the resident can furnish a means test assessment, issued by Services Australia.

The ‘sneaky’ change slugging pensioners moving to aged care

What’s been described as a ‘sneaky’ addition to new aged-care legislation could see some seniors about to move into facilities lose their age pension and cost them thousands of dollars in daily fees.

Updated
Read more (3 min) →
The ‘sell-up everything’ approach to shifting Mum or Dad into aged care can really stuff up the finances — not only for them but possibly for their beneficiaries when they eventually die.

Selling your folks’ home to fund aged care a costly mistake

The ‘sell-up everything’ approach to shifting Mum or Dad into aged care can really stuff up the finances— not only for them but possibly for their beneficiaries when they eventually die.

Updated
Read more (3 min) →
The performance of global share markets at the moment might not be the only reason  your superannuation fund is bleeding right now, particularly if you’re in this type of fund.

There’s a few reasons your super fund is hurting right now

Q+A: The performance of global share markets at the moment might not be the only reason your superannuation fund is bleeding right now, particularly if you’re in this type of fund.

Updated
Read more (3 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
Boral names Matt McKenzie as new CEO

Boral names new CEO for next phase of growth

Vik Bansal, the man credited with transforming Boral into a leaner, Australia-focused building materials business, is giving up the job of chief executive but will remain a key part of its next phase of growth.

Updated
Read more (1 min) →
Video
Accelerating inflation will drive official interest rates to 4.85 per cent, investors believe

ASX nears correction, shares plunge after Trump ultimatum

Shares clawed back heavy losses on Monday to finish down 0.7 per cent at the closing bell. 

Updated
Read more (3 min) →
Video
Fuel prices to hit supermarket shelves by April

Aussie shoppers warned higher grocery prices are just weeks away

‘The cost of fuel has to be worn by the end customer or people can’t actually operate in business.’

Updated
Read more (2 min) →
Payday super reform will mean workers receive their superannuation faster. Picture NewsWire / Monique Harmer

‘Dodgy’: 30,000 workers stung by super payment lag

Nearly 30,000 young workers have missed out on superannuation payments, prompting new laws forcing employers to pay super on payday in weeks.

Updated
Read more (3 min) →
The surge in petrol prices is only expected to continue.

War-driven fuel spike raises inflation fears in Australia

February consumer price data to be released on Wednesday will shape the Reserve Bank's thinking on interest rates ahead of a crucial meeting in May.

Updated
Read more (2 min) →
Treasurer Jim Chalmers and  Chris Bowen at the Ampol Lytton Refinery - one of two petroleum refineries left in Australia.

Petrol industry warns Aussie refineries at risk of closing

Australia’s petroleum industry is warning the two remaining refineries in Queensland and Victoria are still at risk of closing down despite more generous Federal Government subsidies.

Updated
Read more (4 min) →
The economic phenomena that dares not speak its name is on the horizon and closing in on Australia fast. Recession.

Why your cheapskate ways might plunge us into a recession

The economic phenomena that dares not speak its name is on the horizon and closing in on Australia fast. Recession.

Updated
Read more (4 min) →
Gold and base metals including copper continue to slump.

Miners reel as gold, copper slumps point to global slowdown

Base and precious metals have tumbled since the Middle East war started as investors sold to move into cash on worries about global growth.

Updated
Read more (3 min) →
St Barbara’s Simberi gold mine in Papua New Guinea.

The ASX gold miners at biggest risk from rising fuel prices

Some ASX-listed gold miners will bear the brunt of higher fuel prices far worse than others, according to fresh analysis.

Updated
Read more (2 min) →
Chevron’s Gorgon LNG plant on Barrow Island.

Massive cash grab looms for gas producers’ war gains

Canberra is under renewed pressure to raise taxes on LNG producers to ensure a bigger take from surging gas prices and relieve Budget stress.

Updated
Read more (3 min) →
Video
Building costs are soaring in Australia amid the Middle East war.

Leaked email reveals cost of building supplies to skyrocket

An email from a major plumbing supplier in Australia, obtained by The Nightly, has told tradies prices are soaring due to the conflict in the Middle East as the cost crisis expands.

Updated
Read more (4 min) →
Reports say the Prime Minister’s department is quietly exploring options for a new gas export levy.

The one thing our resources sector warns Albo must not do

Australia’s resources sector is alarmed at reports the Prime Minister’s department is quietly exploring options for a new tax.

Updated
Read more (3 min) →