Population level on a lower track: RBA
RBA assistant governor for economics Luci Ellis does not expect the population level to catch-up to the numbers lost during the period of closed borders.
Economy, Business and Finance
Fiery debate over Qld rental bond changes
The Queensland government is defending claims changes to how rental bonds are managed are designed to prop up the state's budget.
Tech lags, but ASX still up 0.2pct at noon
The volatile technology sector was down 2.4 per cent at midday, but gains by the big banks and miners was keeping the market slightly above water.
Chalmers to deliver economic update soon
Treasurer Jim Chalmers will deliver an economic update when parliament resumes in June or July and ahead of his first budget in October.
ASX finishes flat but miners, Elders gain
The Australian share market started up by as many as 50 points after the weekend's federal election, but faded by the end of the day.
Punishment at the petrol pump: Chalmers
New federal treasurer Jim Chalmers says motorists are being punished at the bowser again, but won't promise to retain the fuel excise cut beyond September.
ASX edges higher at noon after Labor win
The ASX200 is up 0.2 per cent at midday, with mining stocks gaining and Codan and Elders posting strong gains on earnings updates.
Chalmers brings crisis experience to role
Jim Chalmers has been sworn in as the nation's treasurer, a role he brings a wealth of experience to having been advisor and chief of staff to Wayne Swan.
Aussies sizzle to democracy sausage high
The democracy sausage has made a triumphant return at the 2022 election, with even more snags sizzling at polling booths than at the last vote three years' ago.
Forrest flays fossil fuel ‘greenwashing’
Billionaire Andrew Forrest says any hydrogen made from fossil fuels is part of the problem, and welcomes Europe's moves to boost renewable energy usage.
Labor says promises add $7.4b to budget
Federal Labor's election promises will add $7.4 billion to the budget bottom line over the next four financial years.
Woodside shareholders back BHP oil merger
Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.
ASX falls1.7 pct with retailers slammed
The Australian stock market has fallen sharply, with major retailers hitting multi-year lows on fears of rising fuel and freight costs.
Miners lead ASX as market climbs 1.0 pct
The major miners have led the ASX higher, with iron ore prices rising as China reopens.
Albanese hits out at Liberal attack ads
Anthony Albanese has taken a swipe at prominent coalition attack ads during a speech to the Italian community in Sydney.
Big miners lead ASX higher at noon
The major miners are leading the market higher as iron ore prices rise as China reopens.
Viagogo loses appeal over $7m penalty
Viagogo has lost its bid to avoid a $7 million penalty for misleading consumers when reselling music and sports tickets in 2017.
Sluggish wage growth won’t stop rate rises
The Australian Bureau of Statistics said its wage price index rose by an annual rate of 2.4 per cent, less than half the rate of inflation.
Qld govt contract shortfalls cost millions
Queensland government infrastructure projects are blowing out by tens of millions of dollars due to poor contract management, the auditor-general says.
Morrison scoffs at suggestion of recession
Prime Minister Scott Morrison has rejected any suggestion Australia faces a recession given the unemployment rate is set to fall below four per cent.
Coalition targets public service cuts
Treasurer Josh Frydenberg and Finance Minister Simon Birmingham say the 35 policies announced by the government during the election campaign are fully costed.
Why are Queensland wholesale spot prices for electricity up 150% this year? It’s complicated
So far this year, average spot prices have been about 50% higher than last year and 150% higher in Queensland.
Health, resources key to Labor’s pitch
Anthony Albanese has visited regional Queensland to promote Labor's battery manufacturing plan, before travelling to the northern Brisbane seat of Lilley.
Tech stocks savaged as ASX drops 1.8pct
The ASX has fallen under 7000 points and hit a 14-week low amid carnage in the tech sector, which has suffered its worst single-day losses since March 2020.
Coalition commits $1bn for naval facility
A billion-dollar naval centre will be built to maintain Australia's warships, with Scott Morrison campaigning in regional NSW following alarming polling.
Battery tech firm builds own supply chain
An Australian pioneer in big battery systems is building its own local supply chain, as well as CSIRO-backed sovereign technology.
CBA Q3 profit steady amid margin pressure
Australia's biggest lender says volume growth has been offset by margin pressure in a competitive market.
Mask rules ditched for flyers in Europe
Australians travelling in Europe this northern spring will not have to wear masks on planes or at airports inside the EU, as COVID-19 restrictions ease.
Qld to set up new Public Trustee board
Queensland has passed laws to set up a new board to monitor the Public Trustee, but opposition and crossbenchers say the reforms don't go far enough.
Qld councils broke finance reporting law
Queensland's auditor-general says 60 per cent the state's local councils are at moderate or high risk of not being financially sustainable.
NSW premier commits to extra ICAC funding
NSW Premier Dominic Perrottet has pledged more funds to the states anti-corruption watchdog, hours after the prime minister launched new attacks on the agency.