A tax exemption on superannuation earnings supporting pensions and annuities will be capped at $100,000, and anything above that level taxed at a rate of 15 per cent, the federal government has ann
Prime Minister Julia Gillard has touted Australia's friendship with China on the eve of her visit to the regional powerhouse, saying only Labor has a plan to engage with fast growing Asian markets.
Opposition leader Tony Abbott has indicated a federal coalition government would not invest in state urban rail projects, insisting the Commonwealth should “stick to its knitting” of funding roads.
Australia's trade deficit has shrunk by more than $1 billion and demand for its mineral resources is set to increase as China's manufacturing and services sectors continue to expand.
Revenue from the federal government's controversial mining tax is likely to remain modest unless there is a sizeable spike in coal and iron ore prices.
Resource companies either want the federal government's controversial mining tax scrapped, or left as it is, as Treasury tries to work out how it got its revenue forecasts for the impost so wrong.
Deputy Prime Minister Wayne Swan would be the highest-profile casualty as the coalition cruises to victory at the September 14 federal election, according to analysis of recent polling.
Visitors to the Sculpture by the Sea exhibition on Cottesloe Beach have been slugged more than $100,000 in parking fines, the local council has revealed.
It's official: Perth is now home to four of Australia's five most advantaged suburbs, and people are flocking to share in Western Australia's wealth boom in record numbers.
Federal Labor could lose at least 24 seats at the next election, according to an opinion poll of marginal seats taken for the Australian Financial Review.
Prime Minister Julia Gillard has left open the possibility the federal government will raid wealthy people's superannuation tax concessions in the May budget.
Superannuation Minister Bill Shorten says people's retirement nest eggs should be "above politics", but the opposition continues to press the government to reveal what changes it intends to make to
The federal government is not surprised by another slump in Labor support after what Prime Minister Julia Gillard described as an appalling week for the party.
Animal welfare protesters calling for a halt to live exports and exporters angry over new supply chain checks will rally outside a community cabinet meeting in Perth.
Western Australian junior minister Gary Gray has been promoted to federal cabinet, taking the pivotal Resources and Energy portfolio in a reshuffle announced by Prime Minister Julia Gillard this mo