Treasurer Jim Chalmers says the budget bottom line is set to improve by $8 billion over the next four years, as he hailed the "progress" made in the first year of the Albanese government's second term.
Paddy Gregg says he's disappointed Austal was excluded from the decision-making process, and was given no insight into the "strict conditions" placed on Korean giant Hanwha's bid to double its stake in firm.
South Korean chaebol Hanwha has been given the greenlight to double its stake in Australia's sovereign shipbuilder Austal following months of deliberation by Treasurer Jim Chalmers.
As the USS Vermont undergoes a landmark overhaul in WA, the prime minister faced questions over Austal's future ownership and the broader industrial readiness needed for Aukus.
Treasurer Jim Chalmers used an event in Perth today to urge industry leaders to advocate for Coalition senators to pass EPBC reforms when they enter parliament next week.
Paddy Gregg says he'll "be a little mischievous" and probe Anthony Albanese on the Foreign Investment Review Board decision on the company's ownership at a dinner in Perth tonight.
Australia's sovereign submarine builder and sovereign shipbuilder have signed an agreement to collaborate on workforce development and 3D printing opportunities.
Richard Marles found out the US greenlit South Korean companies to build submarines on US soil via a Trump social media post, as an update on Hanwha's bid to increase its Austal stake continues to be delayed.
A commissioner appointed to oversee the Productivity Commission's GST distribution review is on record with her concerns over the “inequalities” created by the current tax arrangement.
Anxiety over the protracted Foreign Investment Review Board decision on Hanwha Group's proposed increased stake in Austal was central to shareholder concerns at the shipbuilder's AGM today.
The federal government will explore ways of cutting red tape in the business tax system, in a bid to ease compliance burden on business and make the economy more productive.
Treasurer Jim Chalmers has set the parameters for the Productivity Commission's long-awaited GST review, as the state's battle to retain its current distribution share past 2026 heats up.
The backer of WA's biggest active biorefinery plan wants to see the federal government's $1.1 billion biofuels fund used to stimulate domestic demand for low carbon fuels.
Treasurer Jim Chalmers has lauded today's national accounts figures, which revealed a higher-than-expected uptick in gross domestic product off the back of increased household spending.
Regulation of AI risks preventing the technology from boosting Australia's weaning productivity, a new report from the Productivity Commission has found ahead of this month's roundtable.
Sussan Ley has urged the PM to reveal changes to tax policy after Treasury advice, which warned the goal to build 1.2 million homes would fail and that tax hikes were needed, was leaked.
The Reserve Bank of Australia has kept the cash rate unchanged at 3.85 per cent, shocking markets which predicted a 90 per cent chance of a 25 basis point cut.
Federal Treasurer Jim Chalmers has escalated a dispute over Northern Minerals shares, taking legal action against one of the company's foreign investors.
The Australian Bureau of Statistics has reported surprisingly strong jobs growth in the month of April while the country's seasonally adjusted unemployment rate was steady at 4.1 per cent.
Opposition leader Peter Dutton says US President Donald Trump has treated Anthony Albanese with disdain, and vowed to “not give anything away” in any negotiations with the US.
Treasurer Jim Chalmers and shadow Treasurer Angus Taylor traded barbs over their respective plans for the Australian economy, in the second debate of the election campaign.
Technology sector leaders have lambasted the lack of investment in the federal budget, labelling it a missed opportunity to enhance competitiveness and productivity.
The federal government has unveiled a $27.6 billion deficit in its last budget before the May election, but insists the economy is on track for a soft landing.
Australia's major supermarket chains have consistently increased profit margins over the past five years, but it's not enough to warrant breaking up of the big chains, the ACCC says.
The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn't over.
Anthony Albanese says an exemption from the US' 25 per cent steel and aluminium import tariffs is “under consideration” by the Trump Administration, after the two leaders spoke.
Australia's trimmed mean inflation fell to 3.2 per cent in November, but jobs figures suggesting a tightening of the labour market have dashed hopes of a February rate cut.
Treasurer Jim Chalmers has appointed a former banking executive and an economics professor to the Reserve Bank board, following a six-month review into monetary policy setting.
