10 result(s) for “Tax”
The Albanese government announced a $10 million funding package on October 24, 2026 to complete upgrades at Cloncurry Airport in north west Queensland. The investment aims to prevent an operational downgrade that would have constrained fly in fly out mining services, freight and aeromedical links, with wider implications for regional supply chains and local labour markets.
National Australia Bank’s plan to cut up to 2,500 roles and Westpac’s separate reduction of about 140 positions underline a wider wave of workforce change across Australia’s banking sector, raising questions about technology, regulation and the short term impact on the labour market.
Official labour data released October 18, 2026 shows unemployment climbed to 4.7 percent in September as employment fell, complicating the Reserve Bank of Australia’s policy outlook and increasing pressure on federal economic policy makers.
The NSW Coalition has unveiled a plan to lower payroll tax and raise the tax-free threshold, promising relief for small and mid sized employers. The move injects a tax battleground into the state election campaign and forces scrutiny of budget trade offs and economic impact on jobs and services.
The federal government has overruled the Australian Taxation Office and will fund a transition that allows credit card payments for tax liabilities until 30 June 2027, after small business pressure and political backlash.
S&P Global Ratings warns that near record federal and state spending, combined with rising interest bills, has left Australia more exposed to economic shocks, complicating the Reserve Bank of Australia’s path back to inflation targets, rating commentators and Australian outlets reported on October 8, 2026.
Major Australian asset managers are cutting exposure to domestic stocks and reallocating to overseas markets as higher interest rates and a deepening housing slump weigh on the ASX. The move poses fresh risks for local companies seeking capital and could deepen the disconnect between Australia and global markets.
From October 5, PayPal will no longer allow merchants in Australia to add a separate fee for accepting PayPal, completing a policy shift that began with card networks on October 1. Businesses face immediate decisions about whether to absorb processing costs, restructure prices, or stop taking card payments altogether, with regulators watching for new fees disguised as service charges.
Treasurer Jim Chalmers told business audiences on October 4 that global shocks, rising bond yields and higher fuel costs are imposing ‘‘very substantial and intensifying’’ pressure on Australia’s budget, and he signalled a savings package to be announced in the government’s mid year economic and fiscal update.
Rising oil and gas prices are colliding with higher borrowing costs across major economies, creating a difficult combination for households, businesses and central banks as concerns about persistent inflation and weaker growth return.