The Minerals Council of Australia says the nation’s industrial relations laws and the rise of union power are incompatible with federal Labor’s new-found focus on productivity.
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Capital expenditure crash: it’s a distress signal from companies, Jim Chalmers warned
Jim Chalmers’ hopes of a recovery in the business sector have been dealt a blow after private investment recorded its biggest annual contraction since 2020, in a shock to economists.
Read moreHere’s a miner problem, Jim Chalmers: your unrealised capital gains tax will kill companies
Miners and critical minerals producers will be hit by Labor’s unrealised capital gains tax as self-managed superannuation funds will pull millions of dollars out of higher-risk businesses, warn resources company CEOs.
Read moreUS eyes Darwin Port prise from Chinese-owned company Landbridge Group
A US private equity firm with strong ties to the Trump administration is poised to make an offer to buy the Port of Darwin from its Chinese owner, in a test of Anthony Albanese’s resolve to bring the port back under Western control.
Read moreAustralia limiting its role as a global energy superpower
When it comes to resources, Australia is the Saudi Arabia of the southern hemisphere.
Read moreAEP report details gas market intervention’s effect on investment, calls for policy reset
The Albanese government’s intervention in the gas market in 2022 is directly responsible for Australia’s appeal for investment falling substantially in recent years, a new report says.
Read moreUnfair tax shows a darker side of Labor’s big agenda
The latest warnings have come from former Reserve Bank of Australia governor Philip Lowe and former Treasury secretary Ken Henry. Their message to Jim Chalmers is that taxing unrealised capital gains is not good policy and should be scrapped.
Read moreALP unrealised gains tax condemned: ‘it’s not good policy’, says economic heavyweights
The Reserve Bank’s immediate past governor Philip Lowe and former Treasury secretary Ken Henry have spoken out for the first time against Labor’s planned tax on unrealised capital gains, declaring it’s not good public policy and that key recommendations to make the superannuation system fairer have been ignored.
Read moreSCRAP THIS TAX ON FAMILY ENTERPRISE AND AMBITION
With the new Labor government sworn in and cabinet now formed, critical economic decisions are being progressed – and one policy looms as a serious threat to Australia’s entrepreneurial spirit and economic stability: the so-called Better Targeted Superannuation Concessions Bill.
Read moreATO debt to become more expensive for SMEs from 1 July
Australian small businesses carrying ATO debt have less than seven weeks before the General Interest Charge (GIC) on tax debt becomes significantly more expensive due to the removal of tax deductibility from 1 July 2025.
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