Tax warning Tax claims to avoid this year

Finance and Wealth - Tax Return Forms
THINKING of fudging your tax return deductions? Think again. The ATO is cracking down on fake claims that could be costing billions. Here’s what you should know.

Interest rates Time running out for cheap money

31 Stoda St, Heathmont
THE Reserve Bank has kept the official cash rate on hold at 1.5 per cent, but the “days of cheap money could be numbered”.

Note taking Your cash could have an expiry date

Two Up - the Rocks
THE man charged with cracking down on the “black economy” has revealed how he would like to keep track of your $100 and $50 notes.

North Korea Kim’s untouched treasure worth trillions

This undated photo released by North Korea's official Korean Central News Agency (KCNA) on May 30, 2017 shows North Korean leader Kim Jong-Un inspecting a test-fire of a ballistic missile at an undisclosed location in North Korea. / AFP PHOTO / KCNA via KNS / STR / South Korea OUT / REPUBLIC OF KOREA OUT ---EDITORS NOTE--- RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO/KCNA VIA KNS" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS THIS PICTURE WAS MADE AVAILABLE BY A THIRD PARTY. AFP CAN NOT INDEPENDENTLY VERIFY THE AUTHENTICITY, LOCATION, DATE AND CONTENT OF THIS IMAGE. THIS PHOTO IS DISTRIBUTED EXACTLY AS RECEIVED BY AFP. /
NORTH Korea has long been regarded as a poor country that’s sitting on a goldmine worth trillions of dollars.

Energy crisis ‘This is the biggest crisis I’ve seen’

Supplied Money electricity account, moneysaverHQ
BUSINESSES will be forced to cut staff or shut down altogether as crippling energy price hikes begin sweeping across the nation this month.

Slowing down Property market reverses slump

46 Myrtle Street, North Sydney passed in at auction on Saturday. NSW real estate.
AUSTRALIA’S property market is “slowing, not crashing”, with capital city prices reversing May’s dip to record a 1.8 per cent rise in June.

Tax change The country ‘terrified’ of GST

This photo taken on June 30, 2017 shows Indian traders protesting against the forthcoming Goods and Services Tax (GST) during a demonstration outside a tax office in Amritsar. India is bracing for its most significant reform in a generation as the world's fastest growing major economy is unified into a single market for the first time with the introduction of the Goods and Services Tax (GST) on July 1. / AFP PHOTO / NARINDER NANU / TO GO WITH AFP STORY INDIA-ECONOMY-TAXATION-GST
THE Indian government says it will transform the economy, but for this shopkeeper who has never used a computer, the GST is terrifying.

Spending habits Gen Y has found its signature drink

Claude Ponte with customers and espresso martinis
STEP aside, smashed avocado. There’s a new trend swallowing the spare dollars of young Australian adults: espresso martinis.

Hip pockets Big changes coming for your penalty rates

Barista giving you a cup of fresh coffee
TODAY will be a grim one for many low-paid workers across the country, with the first of several cuts to penalty rates coming into effect.

Mega rate hike Rates ‘could rise eight times’

West Hobart Housing
YOUR mortgage payments could get a lot more expensive if this scary prediction by a former Reserve Bank board member comes true.

New year All the changes coming on July 1

Smartphone
IT’S nearly the start of the new financial year, which means, as always, a raft of important changes. Here’s what you should know.

Debt risk ‘Lucky country’ at risk, bank says

The information boards at the Australian Securities Exchange (ASX) in Sydney, Wednesday, June 21st, 2017. (AAP Image/Craig Golding) NO ARCHIVING
DANGEROUS levels of household debt could put Australia’s economy at risk of slipping into recession, the peak global banking authority warns.

Not pleased Australians have a lot to worry about

Donald Trump
SHOCKING statistics have painted a depressing picture of the national mood — and it’s got a lot to do with Donald Trump.

Day overkill Just stop with the ‘days’ already

GYM SELFIE
TODAY is National Selfie Day. Tomorrow is Onion Rings Day. This Sunday is Colour TV Day. It’s hard to go a day these days without it being a “Day”.

NT Intervention Australia’s $1 billion mistake

SEPTEMBER 19, 1999 : Still of Australian PM John Howard during 19/09/99 address to nation regarding Australia's leading role as international peacekeeping force deployed in East Timor to restore peace. Pic Ray Strange. P/
A FORMER political head has called out the federal government for what she has described as its most ineffective “political stunt”.

Global power The great fall of China is coming

Chinese paramilitary guards prepare prior to the welcome ceremony for Luxembourg's Prime Minister Xavier Bettel and Chinese Premier Li Keqiang at the Great Hall of the People in Beijing on June 12, 2017. Bettel is on a four-day visit to China. / AFP PHOTO / FRED DUFOUR
CHINA may be witnessing the beginnings of its own end. Could the world’s new superpower be on the verge of collapse?

‘Fleeing Sydney’ People are ‘fleeing’ Sydney for Melbourne

Flinders Street Staion
MELBOURNE has struck further blows in its battle against Sydney, with more and more companies and people ditching the Harbour City.

Great fire The sleeping disaster in poshest suburbs

In 2015, London had nine of the ten unhappiest suburbs in Britain.
THEY’RE the vertical ghettos next door to the homes of lords and their devastating secret has been exposed in the worst possible way.

Labour force Unemployment rate falls again

Dismissal at work
THE jobless rate has beaten expectations yet again, allaying concerns of an economic downturn and spelling good news for the Turnbull government.

Economic confidence US Fed raises interest rates again

FILE - In this Monday, April 10, 2017, file photo, Federal Reserve Chair Janet Yellen speaks on stage as part of a conversation put on by the Gerald R. Ford School of Public Policy at the University of Michigan's Rackham Auditorium in Ann Arbor, Mich. On Wednesday, June 14, 2017, the Fed is set to announce that it’s raising its benchmark short-term interest rate for the third time in six months, a vote of confidence in a slow-growing but durable American economy. (Melanie Maxwell/The Ann Arbor News via AP, File)
THE US Federal Reserve has raised its benchmark interest rate by a quarter of a percentage point for the third time in six months.

Vinnies CEO sleep-out ‘Are you a junkie? Are you a loser?’

Gold Coast author Nikki McWatters
NIKKI was broke, alone and raising two young boys in a rat-infested apartment. Her worst day happened when she walked to the shops and asked for a handout.

Energy saver Woman slashes power bill to $64

Enviro house dr kim loo
MEET the Sydney mum whose home only generated a $64 power bill last quarter. Here is how she did it.

Finkel report Can we afford to keep doing nothing?

Abbott
THE backlash has begun against the plan to fix Australia’s looming energy crisis but with power prices rising and warnings of blackouts, can we afford to ignore it?

UK election Is Corbyn’s policy as crazy as it sounds?

Supporters of Britain's main opposition Labour Party hold placards as the leader Jeremy Corbyn speaks during a campaign visit in Colwyn Bay, north Wales on June 7, 2017, on the eve of the general election. Britain on Wednesday headed into the final day of campaigning for a general election darkened and dominated by jihadist attacks in two cities, leaving forecasters struggling to predict an outcome on polling day. / AFP PHOTO / Oli SCARFF
THE young people in the UK have spoken and what they want is free university education. So is it possible? And can Australia do the same?

Education What our universities are getting wrong

Generic picture of University of Sydney Students on graduation day 24 Apr 2009.
AUSTRALIAN universities have been given an ominous warning to drastically overhaul their courses as graduates keep leaving with the wrong skills.

It matters Night that could change your life

Jeremy Corbyn Tours The UK On The Final Day Of The Election Campaign
WHEN Australians wake up tomorrow, a momentous decision will have been made, and it’s going to affect us all.

Argument flaw The big Saudi lie about Qatar

The Pearl of Doha in Qatar aerial view
THE world hears Qatar’s support of terrorism is behind the Middle East’s biggest diplomatic crisis in decades. But is this the whole truth?

Qatar crisis Qatar’s make or break decision

A general view taken on June 5, 2017 shows the corniche in Doha. Arab nations including Saudi Arabia and Egypt cut ties with Qatar, accusing it of supporting extremism, in the biggest diplomatic crisis to hit the region in years. / AFP PHOTO / STRINGER
WITH land and sea ports cut off and neighbours threatening jail for online sympathy, Qatar faces a difficult choice.

GDP results Truth about Australia’s ‘income growth’

The only part of the economy that matters
MORE money is going to actual Australians. But don’t put on your party hat just yet. It’s still bad news for most of us.

Adani mine ‘The only backlash is from the cafe latte set’

‘The only backlash is from the cafe latte set’
FOR days we’ve heard nothing but doom and gloom about the $21 billion coal mine that could cripple Australia. This is what you missed.

Markets FX Cross Rates

Market AUD USD EUR GBP HKD NZD SGD
AUD AUD 75.96 67.06 58.82 7.7423 1.05 1.2769
-0.16 0.07 -0.02 0.01 0.0 0.01
USD 1.0063 USD 0.88 0.77 7.7911 N/A 1.2851
-0.0 0.0 0.0 -0.0 0.01
EUR 1.3698 1.13 EUR 0.858 10.6049 1.7612 1.7492
-0.02 0.0 -0.0 -0.1 -0.02 -0.01
GBP 1.5964 1.5864 1.1655 GBP 12.3595 2.0524 2.0388
-0.01 -0.01 0.01 -0.06 -0.01 0.0
HKD 0.1292 0.1284 0.943 N/A HKD 0.1661 0.1649
-0.0 0.0 0.01 -0.0 0.0
NZD 0.7778 0.773 0.5679 0.4872 6.0215 NZD 0.9932
-0.0 0.0 0.01 0.0 0.01 0.01
SGD N/A 0.7782 0.5717 0.4905 6.0632 1.0068 SGD
-0.0 0.0 -0.0 -0.03 -0.01