Economy

Change ahead graphic

July 1 changes. What you need to know

Monday is July. More specifically it’s July 1 and a raft of changes come into effect that signal the start of a new financial year. Newsreel has done the hard work for
Read more 1 July 2024
Queens Wharf Brisbane | Newsreel

August opening date for Queen’s Wharf

The first phase of the Queen’s Wharf entertainment precinct, on the banks of the Brisbane River, will open in August. Star Entertainment Group announced on the
Read more 30 June 2024
Woman using phone to pay in shop. | Newsreel

Mobile payments surge past cash withdrawals

The value of purchases made with mobile phones in Australia has passed the amount of cash withdrawn from ATMs. A new report from the Australian Banking Association (ABA)
Read more 29 June 2024
Suncorp building Brisbane. | Newsreel

ANZ-Suncorp deal to boost disaster resilience

Federal Government approval of the ANZ purchase of Suncorp’s banking operations will mean a boost to Queensland’s disaster resilience. State Treasurer Cameron Dick
Read more 28 June 2024
Image with coin piles and house. | Newsreel

Hot property lifts wealth by $1.5 trillion

Rising property prices continue to fuel growing household wealth in Australia. The latest Australian Bureau of Statistics (ABS) statistics, released today, show
Read more 27 June 2024
Australian bank ATMs. | Newsreel

New banking code enhances protections

A new Banking Code of Practice will see changes to the definition of a small business and expand financial difficulty provisions. The Australian Securities &
Read more 27 June 2024
Inflation target remains elusive - Newsreel

Inflation spikes to 4.0 percent

Australia’s inflation rate once again has a 4 in front of it. The latest Australian Bureau of Statistics (ABS) data shows the monthly Consumer Price Index (CPI) rose
Read more 26 June 2024
Snorkeling on the Great Barrier Reef. | Newsreel

Tourists pump $90m into economy each day

Visitors to Queensland over the past year spent more than $90 million a day. New figures from Tourism Research Australia show the state’s visitor economy reached $34.1
Read more 26 June 2024
Armaguard truck. | Newsreel

Banks and retailers chip in $50m to support cash carrier

A decline in the use of cash in Australia has led to major banks and retailers stepping in to financially support the private cash transportation sector. An agreement to
Read more 25 June 2024
ATO warns of dangers of filing too-early tax returns - Newsreel

Tax Office warns against over-speedy returns

The Australian Taxation Office has warned that people who lodge their tax returns early are twice as likely to make costly mistakes. ATO Assistant Commissioner Rob
Read more 24 June 2024