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Australians preparing tax returns are being warned not to lodge too early, overclaim deductions or rely on AI for tax advice. The ATO is checking income and claims against wider data sources.
Fortescue shares have dropped 17% over six weeks as iron ore futures slip below US$100 per tonne due to weak Chinese steel demand and high port inventories.
Australian activewear empire Stax has entered receivership after facing severe financial pressures, high interest rates, and a sharp drop in consumer spending.
National Australia Bank shares have plunged 24% from their peak to $37.68. As the RBA warns of potential interest rate hikes and bad debts rise, major institutional brokers are completely split on whether the ASX banking giant is an income bargain or an expensive risk.
Hundreds of thousands of Australians have received letters from the ATO warning that their cryptocurrency, share trading, and gig economy income has been tracked via data-matching.
Australia’s proposed negative gearing and CGT changes are already shifting investor behaviour, with Westpac loan applications down 20 per cent and builders urging Senate amendments.
The High Court has ruled for Steven Bendel in a landmark Division 7A case, rejecting the ATO’s view that unpaid trust entitlements automatically count as loans.
Australia's unemployment rate has taken an unexpected leap to 4.5 per cent, marking its highest level in over four years. This sudden cooling of the labor market has sent shockwaves through the financial sector, forcing top economists to quickly scrap their predictions for future interest rate hikes.
The federal budget debate has reignited Australia’s long-running fight over capital gains tax and negative gearing reforms. The government says the changes could help first-home buyers, while investors warn of rent pressures and market disruption.
Dalaroo Metals is nearing key approvals in Greenland while raising fresh funds to accelerate exploration. The move highlights growing Australian interest in Arctic critical minerals.
The Reserve Bank of Australia has raised the cash rate to 4.35%, warning of potential recession risks while prioritizing the fight against persistent inflation.
Kris+ dining rewards are heating up in Sydney and Melbourne, with up to 12 mpd on offer. The rivalry now extends beyond food to who earns more travel miles.
