Economic News

The changes apply where a foreign vendor provides a non-IARPI vendor declaration to a purchaser in relation to an asset disposal, including related transactions, valued atA$50 million or more.

The Review states that Australia’s financial system continues to demonstrate a good degree of resilience. At the same time, the RBA noted that global and operational vulnerabilities are increasing, reinforcing the need for financial institutions to maintain their capacity to withstand financial, operational and …

The ATO said most small businesses meet their obligations, but it continues to identify cases where income is not fully reported or claims are made incorrectly.

A BAS obligation can remain in place even when an entity has not traded during the relevant month or quarter. If a BAS has been issued, the lodgment requirement still applies unless the entity is otherwise dealt with through the appropriate process.

Two numbers framed much of what Governor Michele Bullock said about jobs after the Reserve Bank lifted the cash rate target to 4.60% on 29 September: 3.5 and 4.6. At her media conference, she said "the unemployment rate has risen from 3.5 per cent …

When Monetary Policy Board member Iain Ross AO addressed the University of Melbourne on 22 September, his subject was historical and institutional: whether Australia faces the kind of self-reinforcing loop between wages and prices that marked the 1970s. Yet among the data points he …

"Wage-price spiral" is one of those economic phrases that sounds self-explanatory. Prices rise, workers demand higher pay to keep up, businesses pass those higher labour costs on as higher prices, and the cycle repeats. It is a vivid image, and it tends to surface …