Australian politics
The ACT has long been a Labor stronghold. But the independent movement, which has decimated once-safe Liberal seats, views the capital as its next frontier.
Labor’s 1942 centralisation of income tax stripped the states of their fiscal sovereignty. As it courts Australian startups and businesses, New Zealand is exploiting the vacuum.
The prime minister has significantly sharpened his rhetoric against One Nation to convince the Labor support base the maverick party is no friend of battlers.
More KPMG clients are reviewing their arrangements with the firm, as Greens Senator Barbara Pocock called for it to be banned from providing whistleblower hotline services.
Treasurer Jim Chalmers isn’t backing down over his sweeping tax reforms, which are aimed at solving the housing affordability crisis but have upset the business community.
The government aims to have rammed through the key elements of its budget by the end of the month, despite concern in the startup sector.
The chief executive of ANZ says, whatever its merits, the government’s tax plan is having the desired effect on property investment.
Anthony Albanese wants the CGT fight over and done with in less than a fortnight. But unless there’s careful consideration of business, and significant carve outs, the blows will keep coming.
CSIRO, AEC, BoM and the ATO are demanding KPMG confirm their data has not been misused as the fallout from its audit leaks scandal continues.
Australia needs to develop new, high-tech industries. But critics warn the 2026 budget will inhibit growth by punishing risk-takers.
Foreign Minister Penny Wong has appeared to concede that Australia’s exorbitant passport fees are about revenue raising.
While the budget expanded tax incentives for venture capital funds, the concession built for Australia’s angel investors was left untouched for a tenth year. Now angels are pressing for a fix.
Governments keep promising to cut red tape, and sometimes they do. But the far harder job is changing the incentives that make regulation the easy answer.
KPMG has assured the Australian National Audit Office its information has remained confidential, but the office is seeking more details.
China’s ambitions in the region explain why Anthony Albanese rolled out the red carpet for newly elected Solomon Islands Prime Minister Matthew Wale.
In a scathing statement on Thursday, Meta echoed the White House and blasted the Albanese government’s News Bargaining Incentive as ‘discriminatory’.
Just 20% of tobacco sold in Australia is legal and nicotine use is on the rise. MPs from across the spectrum want sky high excise rates to be reconsidered.
Michele Bullock has all but confirmed the central bank won’t renew a contract with KPMG to supply its whistleblower hotline, and a separate deal for immigration services.
The startup sector is cautiously hopeful of a CGT carveout, but first it has to navigate a rapid-fire Senate inquiry and Canberra’s consultation queue.
The tax reform in the budget deserves scrutiny. But it won’t end aspiration, entrepreneurship, equity markets or Australia as we know it.
Labor backbencher Ed Husic broke ranks with the government to question the AUKUS submarine pact, amid growing disquiet over the agreement within the party’s membership base.
For decades, Labor and the Coalition built their political strategies around attacking each other. But One Nation’s continued rise demands a change of tactics.
The ASX-bound startup is building a $2.1 billion AI factory in Tasmania with the support of the state government. But political opposition is mounting.
Optimism about the Australian economy has plummeted to record lows leaving top executives increasingly risk averse and preparing for a volatile 12 months.
