The inspector-general of taxation is investigating the theft and hijacking of personal information that has allowed millions of dollars of tax fraud by professional scammers.
New analysis from industry super funds shows the Morrison government’s early release of superannuation scheme could hit future taxpayers with as much as $85 billion in additional costs, as people who dipped into their super savings are forced to rely on the aged pension.
Superannuation funds warn that tens of thousands of Australian women are being left tens of thousands of dollars worse off in retirement due to career breaks triggered by severe menopausal symptoms.
Economic modelling from Super Members Australia shows withdrawing superannuation for a housing deposit might only fuel the property price boom, erode retirement nest eggs and force more people on to the aged pension.
Australia’s supermarket giants face multi-billion dollar fines under a mandatory code of conduct being proposed to protect suppliers and consumers - and to rein in the power of the sector.
The failure of Peter Costello to properly address his run-in with a journalist at Canberra Airport has ended his long tenure at the media company and handed a “toxic baton” to his replacement, writes Peter Ryan.
Australian households continue to be resilient in the face of aggressive interest rate rises and the high cost of living - though a small but growing number of borrowers are experiencing financial stress.
Major changes in US economic policy have been cited as a potential risk to the Reserve Bank's stance, in keeping interest rates higher for longer to fight persistent inflation.
