Finance

It comes even as the ATO collected a record amount of income tax from large corporations.

Commonwealth Bank has revised its prediction that mortgage holders will be treated to a pre-Christmas interest rate cut.

Despite the good news, an interest rate cut is unlikely to follow.

The number of building companies showing signs of financial distress is up 31 per cent in just the last six months.

The offer hasn't been extended to everyone – only borrowers considered to be low-risk are eligible for the new lower rate, while rates have increased for high-risk customers.

More than a million Australians are yet to lodge their tax return and are at risk of being fined, with the deadline only a week away.

The four entities that make up the Harrolds Group were placed into liquidation at the start of October.

It predicts that in wealthy countries global inflation will fall to two per cent - the target range - by next year.

A new report has compared affordability here to the rest of the world. It's predictably grim reading.

The fees cost shoppers hundreds of millions of dollars every year, so why do they even exist in the first place?

And it could soon be in use all over the nation, according to one expert.

Recent rate hikes may not be to blame for higher rents, the RBA says.

Ten million Australians have a full-time job for the first time in the nation's history.

Customers, employees and even family and friends are dobbing in dodgy businesses.

The iconic biscuits cost more in Australia than they do in the UK, but the supermarkets claim they're not to blame.

The cautious messaging highlights the uncertainty facing the economy – and the central bank as it decides what to do with the cash rate.

Long weekend prices are biting drivers. One comment threatened to make it worse.

Millions are better off, but a major international body says a total overhaul would be better for the country.

The treasurer today announced a $15.8 billion budget surplus in a final economic update for the previous fiscal year.

Recent figures from Bloomberg's Billionaire Index show Zuckerberg has grown his personal fortune by a whopping $US73.4 billion in 2024.

The debate surrounding negative gearing and capital gains tax has reignited as a federal election looms.

The data also revealed that 45 per cent of Sydney service stations are staying in the top end of the petrol price cycle for longer, and are charging the maximum prices possible.

"My concern with the proposals that have been put forward from time to time about negative gearing is that they won't have a positive impact on supply."

EnergyAustralia has been fined $14 million by the Federal Court for misleading hundreds of thousands of consumers about electricity prices.

The beleaguered gaming company has secured a $200 million lifeline from to help it through financial challenges.

Just days after they were taken to court over allegedly misleading discounts, a government-funded report has found Woolworths and Coles are far from the best-value supermarket in Australia.

Struggling university student Megan Guy and a friend approached Amanda Bardwell for answers at Woolworths Warrawong in the NSW Illawarra region.

Inflation is now within the Reserve Bank's target range - but mortgage holders are still unlikely to see relief just yet.

After losing her son, Rhys, to the illegal scheme, Jennifer is pleading for the sealed section to be made public.

Negative gearing is looming as a political flashpoint after the PM didn't rule out changes to generous property tax concessions.

First home deposits have risen an incredible 99 per cent in 12 years - and wages haven't kept up.

It said pandemic-era debt, high interest rates and operating costs, and uncompetitive milk prices had forced it into the decision.

The slew of borrowers desperate for a cut were left disappointed for the seventh meeting in a row.

Rising prices were behind the grim outlook felt by millions of Australians, new research has found.

As it stands, Afterpay enforced an estimated spend limit for users based on payment history including how many late repayments there have been.

A staggering 66 per cent of the $14.5 billion figure in June were interest charges, Canstar found.

There's been a slight dip in households struggling to make their payments thanks to tax cuts, but that could change.

Single households on JobSeeker are feeling the cost of living crisis the worst, spending a seemingly impossible 110 per cent of their income on rent.

It has been in the hands of the famous retailing family for more than 100 years, but they say it is time to pass the keys to new owners.

Soaring property prices and high interest rates have created a perfect storm – and there's no sign of relief in sight.

"It's the largest it's ever been, and it's money that could be benefitting all Australians."

It might seem like a lot, but parents and grandparents had it way better than today's kids.

Michele Bullock has poured cold water on the prospect of an interest rate cut anytime soon, raising the spectre of a potential hike in a speech today.

New GDP figures show the economy is growing at the slowest rate since 1992, outside of pandemic disruptions.

Over the weekend, videos appeared on the app showing people depositing checks for large sums of money at Chase ATMs and then making a withdrawal for a smaller yet substantial amount, leading them to believe they had discovered a bug and were hitting the jackpot.

There's a new member of the $1 trillion company club — and for the first time, it isn't a technology company.

The iconic Tea Gardens pub at Bondi Junction in Sydney's east has sold for $75 million - doubling in value since it last changed hands ten years ago.

The Gold Coast is now trailing only Sydney as the second most expensive property market in Australia with house prices growing more than 9 per cent in 12 months.

The RBA has held its nerve amid wild market swings and grim economic forecasts.

Australian markets will open nervously this morning after Wall Street tumbled overnight as fears about a slowing US economy prompt a global stock sell-off.