Victorian households will pay about $100 less for electricity, with the state’s regulator lowering its recommended pricing for power companies. More than 340,000 or 12 per cent of customers on default offers will pay an annual bill of about $1655 from July 1, representing a 6 per cent cut, the Essential Services Commission confirmed on … Read more
The penalty for lodging a tax return after the deadline in Australia is set to increase, if proposed legislation passes before the end of the financial year on July 1. The 5.4 per cent increase will bring the existing $313 penalty up to $330, and the penalty will continue to go up every three years … Read more
The Canada Revenue Agency will not go after tenants for tax owed by their landlords living out of the country, according to a statement from the minister of national revenue. The clarification comes after confusion swirled online this week about whether a tenant is responsible for withholding taxes paid on rent to their landlord, if … Read more
“Except for oil and gas and metals, I think we stand good as far as the earnings growth is concerned. It will broadly be 13% to 15% sort of earnings growth for this quarter sectorally except for metals and oil and gas,” says Manish Sonthalia, CIO, Emkay Investment Manager.How are you observing the markets right … Read more
Peter Dutton has promised to slash the annual migration rate to 140,000 and cut back international student numbers to address the nation’s housing crisis – if elected next year. In his third budget reply speech delivered on Thursday night, the opposition leader announced a number of policies across migration, housing energy, health and community safety … Read more
A number of changes have been made to the mutual obligation rules to improve Centrelink’s JobSeeker payment, according to the federal budget. The relaxation of the rules is likely to result in fewer people being cut off from the payment. Among the changes, comes an expansion to the grace period before a Jobseeker recipient gets … Read more
All new coins featuring the effigy, or profile, of King Charles III are set to enter circulation from May 21 — with the final proof coin now minted. The proof base metal set, containing all six Australian standard coins featuring the King’s effigy, will be sent to the King as a gift. Gifting the first … Read more
A high-profile Sydney real estate agent has lashed the government for not doing enough to help Australians through the housing crisis, as he claimed it would take a typical first home buyer 40 years to save for a deposit in Sydney. Tom Panos filmed himself in a café, highlighting one of the staff members working … Read more
A family forced to pay $120,000 after a teenager slipped and broke their arm while getting out of a hot tub on a US trip is just one of many horror stories that experts say prove that travel insurance in essential when holidaying. While the increased cost of living means Australians are increasingly cutting out … Read more
Drivers looking to hit the brakes on soaring cost-of-living pressures are in luck, with petrol going for 99c per litre at a service station in NSW. Snaking lines of cars are expected to queue at Metro Petroleum on Bellevue Rd in Figtree, in Wollongong’s inner west, on Tuesday. Motorists will be able to fill up … Read more
