Booming iron ore exports are supercharging Australia’s pandemic recovery, helping to deliver the Federal Government a company tax windfall this year that’s almost $9 billion higher than forecast.
More prospective first-homeowners will have the chance to buy or build a property with a 5 per cent deposit after an extra 10,000 places in the scheme were announced in the Budget.
‘Our plan is working.’ That is a key message Josh Frydenberg wants us to take away from the Budget, which delivered figures not thought possible seven months ago, writes Sarah-Jane Tasker.
Sarah-Jane TaskerBusiness Editor
Australia’s economy has roared back to life, with the Federal Budget revealing it’s rebounded at its fastest pace on record and outperformed all major advanced economies. But debt will still spike.
Prime Minister Scott Morrison's government is in a better place economically than it expected just six months ago but experts warn reform must happen.
Young Territorians like apprentice Henry Playford are the big winners in the Morrison Federal Government Budget.
NT CLP federal senator Sam McMahon said an estimated 100,000 low and middle income earners in the NT will receive tax relief of up to $1080 for the 2021-22 financial year.
Building and construction industry forecasts for the NT predict good health is ahead.
This week we are going to find out just how well Territory mines can cope with a major onsite emergency in the Minerals Council of Australia’s NT Northern Australia Emergency Response Competition.
A $1.1bn mine planned for the Territory has had an offer of a multi-million-dollar cash injection from the Australian Government.
The aviation and tourism sectors, which have been hit hardest by the COVID-19 pandemic, will receive a $1.2 billion support package.
The sweetener was due to be phased out on June 30 but will be retained at a cost of $7.8 billion ahead of next year’s Federal election.
Danielle Le Messurier
The Budget push to put business in the driver’s seat of the recovery has been backed by WA’s peak industry body but it also warns further investment incentives are needed to diversify the economy.
Tourism bosses are angry about the federal budget, with international borders closed until 2022 and domestic travel remaining in jeopardy.
“Our plan is working” — that’s Josh Frydenberg’s key message from the Budget, which delivered figures not thought possible just seven months ago when he first revealed pandemic-impacted forecasts.
The two parties will work on a pre-feasibility study that could kick-start stalled magnetite project in the Mid-West via the use of shared infrastructure.
Treasurer Josh Frydenberg has announced major funding increases for aged care, roads and training in his second pandemic-era federal budget. Here’s how industry and community leaders reacted.
Josh Zimmerman, Annabel Hennessy and Sarah Ison
WA business owners say the Federal Budget could have included more support for small and medium enterprises but are confident the commitments handed down will keep overall sentiment high.
Comet Resources has added geographic and commodity diversity to its portfolio with a deal to acquire large tracts of prospective copper-gold and base metals exploration ground in the Northern Territory. Limited past exploration has turned up promising precious and red metal results.
Virtually every business in the nation will benefit from a huge tax break package, while a new umpire will mediate debt disputes between the ATO and some companies.
Tax cuts, health, education, welfare, tourism and more. Find out what the 2021-22 Federal Budget means for you with our 5-minute guide.
The federal government’s has resisted the temptation to bring forward its third stage of tax cuts, but some workers will benefit from a $1080 boost.
Here are Treasury's forecasts for the underlying cash deficit, starting with an improved $161 billion this year.
Australia broke records during the coronavirus pandemic when it sold the biggest amount of bonds in a year in its history.
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