A Treasury official has admitted Labor’s plan to tackle the housing affordability crisis has failed to see a necessary lift in the completion of new homes.
The clock is ticking on the US’s war powers statute, which sets a 60-day limit on any president using military force without congressional authorisation.
The Albanese Government is removing the private health insurance rebate for older Australians as it grapples with rocketing NDIS costs, a move that has been slammed as ‘a kick in the teeth’ for seniors.
Australia has secured an additional four shiploads of diesel using a new government financing scheme, as several Iran-linked oil tankers bound for Malaysia have reportedly changed course to avoid the US Navy.
About 160,000 people receiving support from the National Disability Insurance Scheme will lose it by 2030, under a major reset of the runaway taxpayer-funded program.
A call by the Greens and independent senator David Pocock to slap a 25 per cent tax on Australia’s third biggest export could end up hurting everyday consumers reeling from soaring electricity bills.
In 2006, then Treasurer Peter Costello celebrated Australia becoming debt-free. Now, 20 years on, he has issued a warning as the country’s national debt nears $1 trillion.
Health Minister Mark Butler has unveiled a sweeping overhaul of the NDIS, aiming to curb its rapid expansion and rein in long-term costs amid warnings its ‘social licence is slipping away.’