Cash payments over $10,000 banned
Cash payments of more than $10,000 will be outlawed under a crackdown on the cash economy expected to raise more than $7 billion.
High Court boots Gallagher, Labor under pressure
Labor is under pressure to get its house in order on dual citizenship after a critical ruling by the High Court on Wednesday.
Rates slashed as APRA ends loan growth cap
Rates on interest-only investment loans are being slashed by up to 30 basis points following APRA's decision to lift lending caps on borrowers.
Morrison moves quickly on income tax cuts
Treasurer Scott Morrison has moved swiftly to legislate the government's seven year income tax cut plan, introducing legislation into the Parliament first thing this morning.
CBA pays $25m to settle bank bill swap rate
CBA will admit to attempting to engage in unconscionable conduct as part of its settlement, and acknowledge its systems weren't adequate to monitor staff.
Markets Live: ASX up on miners, banks fall
Australian shares have risen this morning but CBA has fallen following a trading update.
Zenith lowers Blue Sky funds rating to worst category
More Blue Sky-managed funds have been re-rated due to governance concerns.
CBA says home loan arrears tick higher
In a third-quarter trading update, CBA says its unaudited cash profit was $2.35 billion but consumer arrears were seasonally higher.
AMP rebuild gets tougher
The resignation of three female AMP directors could open up a raft of new problems for the wealth manager.
Blue Sky faces performance fee reckoning
Blue Sky faces adoption of a new accounting standard that will affect the way the fund manager treats performance fees.
Incitec's fertiliser plant may survive deadline
Incitec Pivot says the 1500 jobs at its Gibson Island fertiliser plant in Brisbane may get a lifeline beyond the expiry of a crucial gas contract in September.
Sydney rail investors knew of delays
Equity investors in Sydney's troubled George Street light rail project were told in September 2017 it would not be finished on time – even though the public was not informed until April.
Economy gets an endorphin hit
Hear that sound? The dull roar of an economy slowly coming good?
ASX poised to open firmer
Australian shares are set to open firmer one day after the federal budget. President Trump's decision to axe Iran's nuclear deal came as no surprise.
Argentina seeks $US30b in IMF funding
Argentina has gone cap in hand to the IMF for $US30 billion to stabilise its finances as the peso sank and the central bank jacked up rates to 40 per cent.
Buoyant commodity prices help boost corporate tax take
Stronger than expected coal and oil prices will help boost the corporate tax take by $5.2 billion over the next four years.
Opinion
A powerful call to voters - stick with us
Budgets are always a contest between politics and economics; how close the next election call usually set the priorities.
Morrison aims to make the politics add up
Scott Morrison is determined to show Australians the Coalition government has a PLAN. The budget is the down payment.
O'Dwyer right to lose patience with insurers
The superannuation and insurance industries developed a code about how super should be dealt with inside the retirement savings system, but it was only voluntary and failed to deal with the plight of younger savers.
Bid pushback has Eramet on a Limb
A $287.5 million French bid for an Australian-listed Senegalese mineral sands miner is becoming particularly hostile.
ABC will fight Turnbull government cuts
ABC managing director Michelle Guthrie will fight the government's decision to leave the broadcaster with $84 million less in funding over the three years.
Morrison delivers an election-winning effort
It's a brilliant budget that could be a game-changer by tapping into the deep discontent the public has with political weasel-words.
Treasury undershoots RBA on economic outlook
Treasurer Scott Morrison reckons the Reserve Bank of Australia is a touch too optimistic about the economic outlook.
Taxpayers on $200,000 to save $7225 a year
Under the Turnbull government's tax plan, people earning $200,000 will save as much as $7225 from their annual tax bill but the bulk of the cuts will not show up until 2024-25.
Personal tax crackdown to raise $1.1b
Over-claiming of deductions such as work expenses and rental losses will be targeted in a Tax Office crackdown designed to raise $1.8 billion in additional revenue.
Trump goes for 'nuclear' option with Iran
In the eyes of the presidential negotiator, tearing up Obama's 'weak' Iran nuclear deal sends a message to North Korean dictator Kim Jong-un. Critics argue Trump has weakened his own hand.
Comcast may beat Disney to Murdoch's Fox assets
A major battle of media titans is brewing as Comcast considers a deal to push Disney out of the running to buy 21st Century Fox assets.
NZ accountants backdated Malta documents
Malta's Energy Minister Konrad Mizzi ordered New Zealand trust documents to be backdated at the time the Panama Papers were being published.
Trump trade threat to budget numbers
Donald Trump's protectionist agenda is casting a shadow on the budget's forecasts.
What next if a Trump-Kim deal actually happens?
Success in Donald Trump's high stakes meeting with the North Korean dictator will produce one unambiguous winner: China.
Personal Finance
Young savers win in life insurance crackdown
Super fund members under 25 and those with balances under $6000 will no longer be forced to take out life insurance, as part of changes that will add $700 million to budget coffers.
Boomer plan blunts housing policies
A plan to help up to 20,000 more older Australians stay in their homes longer conflicts with policies to free up housing stock, experts say.
Tax hit for foreign investors
Multinationals will no longer be able to claim tax deductions for debt financing based on inflated asset values.
NAB not walking the shared value talk
The misconduct that has emerged in the royal commission hearings is not in line with shared value principles.
Australia to be a medical technology leader
New spending on taxpayer-subsidised drugs, rual health programs and regional medical schools are in Tuesday's budget.
Bill Ferris body gets ATO-like power on R&D; claims
Innovation & Science Australia will set precedent on claims for the R&D; tax incentive, as start-ups face uncertainty around Budget reforms.
NY's top law official resigns on sex abuse allegations
New York Attorney General Eric Schneiderman has resigned his office after four women accused him of physical violence when intimate.
Lifestyle
The Echo Spot speaker is so smart. Pity about Alexa!
The Echo Spot – an Echo Dot smart speaker with a small screen added – is easily the best Echo device Amazon has ever released.
