Economy

Unhappy cafe worker. | Newsreel

Wage exploitation rife among young Aussie workforce

Almost a third of young people in Australia have been ripped off by employers. A new study from the Melbourne Law School found 33 percent of almost 2900 workers under 30
Read more 17 July 2025
ATO Assistant Commissioner Rob Thomson. | Newsreel

ATO beefs up app security as tax-time scams increase

A 150 percent increase in scams impersonating the Australian Tax Office has prompted the ATO to beef up security on its app. ATO Assistant Commissioner Rob Thomson said
Read more 17 July 2025
Couple receiving advice in home. | Newsreel

Advisers disappearing as millions seek guidance

A more than 40 percent drop in the number of financial advisers in Australia in just over five years is threatening to impact the lifestyles of retirees. CPA Australia
Read more 17 July 2025
Rising housing price graphic. | Newsreel

Brisbane rents up 65 percent over 10 years

Rents in Brisbane have risen by more than 65 percent over the past decade. New research shows the Queensland capital had the third highest rate of increases of all
Read more 17 July 2025
Credit card payment. | Newsreel

RBA recommends removal of card surcharges

The Reserve Bank of Australia (RBA) has recommended surcharges be removed for payments made by credit cards. A RBA consultation paper, released as part of its review of
Read more 15 July 2025
Angry couple. | Newsreel

Breaking up is expensive to do in 2025

Dual housing and cost-of-living crises are consigning couples to remain into failing marriages. Leading family lawyer Kylie Burke said financial issues were more than
Read more 14 July 2025
People gambling on roulette. | Newsreel

Gamblers back off and land turnover in the red

Business turnover in Australia has fallen for the first time in seven months. The latest Australian Bureau of Statistics (ABS) showed a fall of 0.1 percent, in
Read more 10 July 2025
Person putting money in piggy bank. | Newsreel

Kiwi plan to divert income tax into personal accounts

A former New Zealand finance minister is pushing tax reform in our nearest neighbour, which may give Australian policy makers pause for thought. Sir Roger Douglas, who
Read more 10 July 2025
Interest rate graphic. | Newsreel

Rates on hold. Why is the RBA so cautious?

By Stella Huangfu The Reserve Bank of Australia has kept the cash rate at 3.85 percent, after cutting it in February and May. Those earlier moves were aimed at
Read more 9 July 2025
Crowds outside the Louvre in Paris

Growing pains for $16 trillion tourism industry

The global tourism sector will need to employ 100 million more people to meet demand within the next decade. A new World Economic Forum report also found the $16
Read more 9 July 2025