Jim Chalmers’ changes to the capital gains tax could have an even bigger impact on the sector than his mentor Wayne Swan’s controversial resources super profits tax, mining executives warn, and could imperil the future of arguably the most important arm of the Australian economy.
A socialist manifesto-style class war will cost the nation dearly
Shell and Santos bosses have warned Labor’s domestic gas reservation scheme could ‘kill companies’ and damage relationships with key Asian trading partners.
A report commissioned by Woodside Energy estimates its mammoth Browse gas project would deliver $147 billion for WA’s economy and more than $50b directly to Australian taxpayers.
The number of working-age Australians relying on welfare payments has surged to almost 1.4 million, as the Albanese government manages an increasing share of young men and women who are considered unable to work.
Victoria’s public service wages bill continues to spiral despite the government slashing hundreds of jobs, prompting warnings from international rating agencies that employee costs are undermining the state’s finances.
I know an economic slam dunk when I see one,” Industry Minister Tim Ayres told a Hunter business audience last week, defending the Tomago aluminium smelter rescue package
The true cost of Snowy Hydro 2.0 has spiralled to $42bn and should be the subject of a Royal Commission into “one of the biggest disasters” in Australian infrastructure, economist Bruce Mountain and energy executive Ted Woodley said.
When it comes to the ancient art of wool pulling, our federal Labor government is up there with the world’s best, writes Mike O’Connor.
