Although the national unemployment rate increased to 4.1 per cent, it still beat forecasts of a sharper rise to 4.2 per cent. This reflects the labour market’s resilience despite global economic headwinds and lingering domestic challenges. The latest data from the Australian Bureau of Statistics highlights a modest correction following…

Investors welcomed a surge of optimism, leading to a $120 billion jump in market value across Australian equities. The ASX 200 index soared by 4.5 per cent, finishing at 7,710 points. The broader All Ordinaries index leapt 4.7 per cent to close at 7,914 points. Despite the impressive performance, the…

This move comes in response to Australia’s long-standing restrictions on fresh US beef imports. The decision has raised concerns among Australian cattle farmers and industry leaders, though the impact may not be as severe as initially feared. Some had speculated that tariffs could be as high as 25 per cent.…

The 2025–26 Australian Federal Budget includes nearly $1 billion in additional funding for the Australian Taxation Office (ATO) to ramp up tax compliance activity. With increased scrutiny on tax avoidance, the shadow economy, and personal income tax compliance, accountants and their clients are more likely than ever to be contacted…

The market has lost more than $60 billion over the past three trading days. The losses have been driven by continued falls in banking, consumer, and mining stocks. Concerns over the economic impact of Donald Trump’s tariff policies have weighed heavily on investor sentiment, prompting a broad-based sell-off. Despite an…

The S&P/ASX200 index fell 57 points, or 0.7 per cent, closing at 8141.1 points and most sectors saw losses. Nine out of the eleven sectors suffered declines, particularly consumer staples and energy stocks, which took the biggest hits. This decline followed a 0.6 per cent drop the previous day, reflecting…

Australian businesses with a history of filing late or incorrect GST reports will be moved to monthly reporting from quarterly reporting. This change is designed to improve compliance and reduce the GST tax gap which has been widening in recent years. The rule changes also apply to businesses that have…

Despite this, the S&P/ASX 200 index finished 14.8 points higher at 7865.5. However, the day’s performance was largely impacted by setbacks in the utilities sector, with Origin Energy, the 32nd largest company on the ASX taking heavy losses. Origin Energy experienced share price declines after a surge in annual electricity…

Sigma Healthcare enjoyed a strong debut as a merged entity with Chemist Warehouse, marking a significant milestone for the pharmaceutical industry. The S&P/ASX 200 edged up 4.7 points, or 0.1 per cent, briefly touching an intraday peak of 8575.20 points. Mining stocks offset losses in eight of the 11 industry…

While inflation appears to be easing, analysts caution that a rise in unemployment is possible when the latest jobs data is released on February 20. Businesses across the country are struggling with a combination of declining revenues and rising costs. The latest reports from Deloitte Access Economics, JP Morgan, and…