Federal Politics

Peter Martin

Peter Martin is the Economics Editor for The Age.

David Kalisch says: "We are now being more transparent about it."

Code Red: inside the census debacle

Last February, at what ought to have been the height of preparations for this year's census, its head, Duncan Young, sent the Bureau of Statistics executive a crisis memo.

Treasurer Scott Morrison says he is prepared to write in exemptions in the superannuation proposals.

Morrison softens super stance

Treasurer Scott Morrison has confirmed plans to water down some of the superannuation changes announced in the budget, but says he'll hold the line on the most important elements.

Glenn Stevens oversaw the central bank's rate cut this week in his last major move as RBA Governor.

Banks respond to the Reserve Bank rate cut as one

Our biggest banks move fast. Either that, or they collude. At 2.37 pm on Tuesday within minutes of the Reserve Bank cutting its cash rate to an all-time low, the Commonwealth Bank announced a completely different way of responding. Instead of passing on some of all of the cut, it would only pass on half and hand some of the rest out to customers as higher term deposit rates.

"It's the new norm": Treasurer Scott Morrison.

Banks short-change mortgage customers

The Commonwealth and National Australia Banks have short-changed their mortgage holders by passing on only a fraction of the Reserve Bank's 0.25 per cent cut in interest rates, choosing instead to reward depositors by lifting the rate they offer on term deposits.