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The Reserve Bank could deliver a rate cut by Christmas if fresh inflation forecasts from the federal budget prove correct, but billions of dollars of additional spending unveiled by Treasurer Jim Chalmers on Tuesday evening could risk stoking price pressures. Updated inflation forecasts show consumer price growth could return within the Reserve Bank’s 2 to […]

Highly skilled migrants will be targeted while the total migration intake is slashed over coming years, as the government tries to reduce pressure on the stretched housing sector while building out its Future Made in Australia plan. After a record net overseas migration intake of 528,000 in 2022-23, Treasury is forecasting that figure will decline […]

Eighty per cent of Australia’s workforce will have tertiary qualifications by 2050 under an ambitious target announced by Labor in Tuesday night’s budget, in a bid to meet the shortages of a changing economy. Treasurer Jim Chalmers used his budget to announce the government would spend $1.1bn over five years from 2023-24 to make changes […]

The price of prescription medications listed on the Pharmaceutical Benefits Scheme will be frozen for a year. In delivering the federal budget on Tuesday, Treasurer Jim Chalmers reaffirmed the government’s support for strengthening Medicare and increasing the country’s bulk-billing capacity with a range of measures intended to keep the nation’s health bills down. Additional funding […]

The Treasurer is hiding a dirty secret in the budget that’s so X-rated it’s not even available in a personal income tax cut sealed section. And let’s just say it involves having something done to you that sounds good in the short-term, but may not prove quite so enjoyable over the medium term. Spoiler: It […]

The number of international students universities can enrol will be tied to their construction of suitable accommodation under a major immigration crackdown by the federal government. Labor is under pressure to assure voters it can halve the net overseas migration intake from a record 528,000 last year to a promised 260,000 next year to ease […]

Labor will spend $7.8bn to give Australians struggling with the cost of living “targeted” help that won’t put further pressure on inflation, coupling broad power bill relief with targeted changes to welfare payments in addition to the pre-announced stage 3 tax cuts revamp. As he handed down his third budget on Tuesday night, Treasurer Jim […]

A claim from Chris Dawson that he should be freed on the basis of his “good character” has been spectacularly shut down on the second day of the wife killer’s court appeal, as the 75-year-old fights to have his murder charge quashed. Dawson appeared at the NSW Supreme Court via AVL on Tuesday wearing prison […]

Keeping Territorians safe and reducing crime was the message from the Northern Territory Chief Minister Eva Lawler when she handed down the 2024-25 budget on Tuesday. In recent years, the NT has witnessed shocking incidents of youth crime that erupted in March when 180 people rioted through the streets of Alice Springs. The horrifying events […]

Former treasurer Josh Frydenberg wants universities to follow Deakin’s lead in ending pro-Palestine encampments on campuses across the country. Deakin University’s Burwood campus in Melbourne has hosted a relatively small camp of about 20 people each night since early May. A standoff could eventuate this week; the deputy vice-chancellor has told them: “The right to […]