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Economic News

Trimmed Mean Still 3.5% by June 2027: The Stubborn Core Explained

Ask most people about inflation and they will think of the headline number: the overall change in consumer prices. The Reserve Bank of Australia (RBA) watches that closely too, but when it wants to understand the underlying trend, it pays particular attention to the …

Sonal Goyal | 12 November 2026

The 15% Tax Rate Is Here: What the One-Point Cut Is Worth in Your Pay — and Why It Falls to 14% in 2027

The cut applies to income between $18,201 and $45,000. For the 2026–27 income year, that band is taxed at 15% instead of 16%. This is enacted law, not a proposal.

Sonal Goyal | 12 November 2026

From 2.1% to 1.3%: Charting the Economy's Deliberate Slowdown

Most of the attention after the Reserve Bank of Australia's (RBA's) 3 November decision has focused onInflationand the cash rate target, now 4.85 per cent. But the November 2026 Statement onMonetary Policy(SMP) also contains a quieter set of numbers that describe what the RBA …

Sonal Goyal | 12 November 2026

Lodged Your Own Return? DIY Tax Bills Are Generally Due 21 November — Here's What to Know Before You Pay

In a media release on 19 October 2026, the ATO said: "Bills for self-preparers are generally due 21 November." That applies to people who lodge their own return, typically through myTax, rather than through a registered tax agent.

Sonal Goyal | 12 November 2026

Below Potential: What the RBA Means When It Says Growth Has Slowed

• Inflation remains high, with trimmed mean at 3.7% in the September quarter.

Sonal Goyal | 12 November 2026

More Than 10,000 Returns Stopped and $170 Million in Claims: The ATO's Crackdown on Unregistered Tax Preparers

The figures come from an ATO media release dated 19 October 2026, issued as part of its end-of-tax-time reminder to lodge.

Sonal Goyal | 12 November 2026

68.78 US Cents and a 63.8 TWI: The Dollar Slips Below the RBA's Assumption

Every set of Reserve Bank of Australia (RBA) forecasts relies on assumptions about things the RBA does not control. One of the most important is the exchange rate. In the November 2026 Statement onMonetary Policy(SMP), the RBA assumed the trade-weighted index (TWI) of the …

Sonal Goyal | 12 November 2026

Barrister Fined $25,000 for Failing to Hand Over Tax Returns He Had Never Lodged

The case is ACLEC Pty Ltd v Bates (Penalty) [2026] NSWSC 1385, with judgment delivered on 5 November 2026.

Sonal Goyal | 12 November 2026

55% Trust, 12,000 Surveyed: Hauser's Case That Credibility Must Be Earned

• Independence gives aCentral Bankfreedom to make unpopular decisions, while trust helps those decisions work.

Sonal Goyal | 12 November 2026

Union Income Protection Through Salary Packaging Can Be a Reportable Fringe Benefit, Court Rules

The court dealt with union income protection contributions that the employer reimbursed through a salary packaging arrangement.

Sonal Goyal | 12 November 2026
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