Australia intends to loosen its business and push tax reform

ACB News “Australia Finance Online” May 6th As the new cases of the epidemic are under control and companies are returning to work, the focus of the Australian government will shift to assisting companies to increase business confidence and optimize market competitiveness. The Federal Finance Minister said that deregulation and tax reform will help boost…

Australia pledges donations for anti-epidemic

A coalition of world leaders convened a virtual summit, vowing to invest 7.4 billion euros in coronavirus testing and treatment and developing vaccines. Australia also participated in the meeting hosted by the European Union on Monday and said it would contribute 352 million Australian dollars. But the United States, which recorded more than 67,000 deaths…

Victoria has set up a new working group to maintain the operation of the construction industry

The Victorian State Government has established a dedicated task force to help maintain the operation of Victoria’s construction and development industry during the coronavirus crisis. The Victorian Government has set up a dedicated working group to help make the state’s construction and development industry function in the coronavirus crisis. Planning Minister Richard Wynne and Finance…

Home prices soar in February

Home prices have risen in every Australian capital city except Darwin, with nationwide home prices rising 1.1 per cent last month and five now at record highs. Prices in Melbourne rose 1.2 per cent last month to a record high, erasing an 11 per cent fall from their peak at the end of 2017. Despite…

Three major banks cut savings rates

Entering 2020, although the market is expecting the RBA to further cut interest rates, the latter has not yet taken action. Nevertheless, three of Australia’s four largest banks have quietly lowered savings account rates. According to data provided by the Australian interest rate comparison website Mozo, since 2020, the National Australia Bank (NAB) has reduced…

NBN revenue grows 39%

in the six months to December, NBN Co’s revenue increased by 39%, while earnings before interest, tax, depreciation and amortization reached 775 million yuan. The company said that it is expected to complete a large number of laying work by June 30, and it is expected that the revenue in the same period will increase…