Beginning next year, the Victoria and New South Wales governments are considering charging roadside fees for electric vehicles as a starting point for tax reforms for car users. Victoria is likely to be a pioneer, and sources confirm that in order to prepare for the state budget for May next year, government and industry executives…
Prime Minister Morrison said that the current environmental reporting approval process is too complicated and requires comprehensive reforms. He said that it is necessary to streamline the environmental reporting approval process and make room for the country’s economic development. When he attended the meeting of the Australian Chamber of Commerce on Wednesday night, he told…
Sweden’s central bank said it sold bonds issued by Alberta, Canada’s oil-producing province, and parts of Australia, citing high greenhouse gas emissions in both countries. Suddenly Australia was seen as an investment bank at the central bank level. Last week Martin Floden, deputy governor of Sweden’s riksbank, announced the sale of bonds issued by the…
Former prime minister timothy keating says China will overtake the United States as the world’s largest economy and the world will need to accept that. Mr Keating spoke on Monday at a strategic BBS hosted by the Australian in Sydney about how he thinks relations with China should be handled. “President trump’s big fear is…
New research suggests Melbourne’s property market will reverse its decline and prices will peak again in January, realestate.com.au reports. CoreLogic, a property-data firm, suggests that this spring’s surge in single-home and single-home prices may have fully corrected by early next year. Tim Lawless, head of research at CoreLogic, said Melbourne house prices peaked in November…
With trade tensions between China and the United States continuing unabated, federal Treasury secretary Josh Frydenberg will renew his call for reform of the world trade organization. Josh Frydenberg said he would like the WTO to have a better dispute settlement mechanism. He also wants the wto to be given the power to handle and…
Property professionals say first-time buyers are flooding back into the market and the Morrison administration’s first home loan deposit scheme, due to start in January, will put further upward pressure on prices. Banks have said the interest rates and other features of the loans will give them high market competitiveness, the sources said. The documents…
Former Australian prime minister John Howard said he was surprised that all australians were suggesting phasing out the country’s coal industry in a speech to a conference of Chinese and Australian entrepreneurs. ‘this is one of our biggest assets,’ he said at the china-australia business summit. Exports of iron ore and coal are the foundation…
Australia’s central bank (RBA) announced a small cut in consumer spending and economic growth, this is the fourth cut this year. The reserve bank of Australia blamed a combination of drought, high taxes and low investment for continuing weak incomes. Unconventional monetary policy may be in advance The reserve bank of Australia said it was…
According to the latest polls, both parties are now tied at 50 percent. Labor’s fortunes have changed as prime minister Morrison has mishandled his handling of drought and the recession. The government’s multi-billion dollar drought relief package failed to impress voters, according to Australian reports. Labour, for its part, last week released a report into…