Australian BNPL sector touts $14.3 billion in economic benefits as lawmakers weigh the fate of pay-in-four providers
As Australian lawmakers consider how best to regulate the BNPL sector, a leading industry group claims pay-in-four systems provide a massive boon to local retailers and benefit local consumers.
NSW budget capitalises on recovering economy and GST to spend big
Inflated by GST revenues and mining royalties, the NSW government is able to spend while keeping its fiscal credentials intact.
Renewables, environment and women: What we know about the 2022-23 NSW budget
The NSW government has announced funding for a number of programs in advance of its June 21 budget. Here’s what we know so far.
Inflation to peak at 7% by year end before easing: RBA Governor Philip Lowe
The governor of the Reserve Bank of Australia (RBA) has predicted headline inflation is likely to hit highs of 7% and peak by the end of the year.
Interest rate rises: What’s happening, and what could be next?
If you want to know what the Reserve Bank will be watching to work out how fast to slam on the economic brakes, here's a helpful guide.
Jim Chalmers is Australia’s first Labor Treasurer in nearly a decade. So who exactly is he?
The Queenslander is the first Labor Treasurer since Chris Bowen left office in 2013, and the burden on him is great.
RBA hikes cash rate by 50 basis points, Chalmers flags “cost of living package” in October budget
The Reserve Bank of Australia has increased the cash rate by 50 basis points, bringing it up to 85 basis points or 0.85%.
Envato confirms redundancies are underway with as many as 100 roles on the line
In a statement to SmartCompany, CEO Hichame Assi confirmed "approximately 100 roles globally" have been affected by changes to Envato's business structure.
Saul Eslake: If Labor wants to actually create a lasting difference, here’s how it should manage the economy
Labor has inherited an economy with a full head of steam, but one that is also is experiencing a sharp acceleration in inflation.
Saul Eslake: The Coalition’s new housing scheme will lead to higher prices, not greater ownership
We now have almost 60 years of unequivocal evidence telling us that anything that allows Australians to pay more for housing than they otherwise would results, primarily, in higher house prices.
Global inflation is likely to stick around, RBA says, as wages and business lending come to the fore
Global inflation is "high and is likely to remain so for a while", but the outlook for domestic investment and wage growth remain somewhat positive.
John Durie: Banks could raise interest rates faster than RBA, as small business confidence expected to slump
The message has come loud and clear that more rate hikes are coming, and history says the banks will raise rates at a faster rate than the Reserve Bank to cover wholesale funding costs.
