Victoria, NSW penalised for outlawing fracking under Grants Commission plan
States that fail to permit coal seam gas mining would be penalised under Grants Commission proposal to change the method of distributing goods and services tax revenue.
Peter Martin is the economics editor for The Age, based at Parliament House
States that fail to permit coal seam gas mining would be penalised under Grants Commission proposal to change the method of distributing goods and services tax revenue.
It's easier to find a job than it has been in years and the odds are best in NSW.
The Reserve Bank is being asked to do far too much, its deputy governor Guy Debelle has told a conference in London. From the time it was granted independence in the mid-1990s, it came to be seen as "the only game in town" for economic management, a view that was reinforced as it was forced it to do more and more.
Reserve Bank Governor Philip Lowe has handed over the baton of economic management, declaring there's not much more low interest rates can do to boost the economy.
Each Australian company director will be assigned a unique ID number under tough new laws designed to prevent them deliberately scuttling their companies and then reappearing phoenix-like, debt-free.
Australia's economy expanded by 0.8 per cent in the June quarter and grew 1.8 per cent over the 12 months to June, official figures show.
Wages are about to stir, says Reserve Bank governor Philip Lowe
The Reserve Bank board has kept its cash rate on hold at a record low of 1.5 per cent for the 13th consecutive month, amid a host of signs that the economy is picking up.
RBA governor Philip Lowe has identified low wage growth as one of the key risks to the Australian economy
Most of us would need hundred of dollars per year to change electricity suppliers.
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