Opposition Leader Bill Shorten has promised to double the government tax cuts in the first year.

Labor's $928 tax rebate for battlers

Labor will better the Coalition's tax cuts for 10 million low-and-middle-income earners by $400 a year while keeping alive the option of matching the government's cuts for those on higher incomes.

Banks defend adviser pay

The big four banks have accepted claims they have mistreated customers but are standing by vertical integration even as they scale back their exposure to wealth management.

Opinion

Karen Maley

Murray's long AMP to-do list

AMP's incoming chairman, David Murray, may not have attended the company's annual general meeting in Melbourne's Grand Hyatt on Thursday, but he cast a long shadow over the meeting.

Government rejected cash amnesty

Tuesday's budget included a proposed ban on cash transactions over $10,000 but the government is open to setting an even smaller limit, Revenue Minister Kelly O'Dwyer says.

What Walmart will do next

In less than two weeks, Walmart has agreed to cede control of its British business to a competitor and spend $US16 billion to acquire India's e-commerce leader in its biggest-ever deal.

Personal Finance

"There is certainly a lot of vested interests and money at stake," Kelly O'Dwyer said.

Super changes non-negotiable: Kelly O'Dwyer

The government says new rules to protect the balances of young superannuation savers from fee erosion are non-negotiable, no matter how loud the objections from 'vested interests'.

Link Group CEO John McMurtrie has spooked investors with a vague statement on budget and client changes.

Link suffers budget blues

Link Group is under pressure to provide a more meaningful earnings update at an investor day next week, after fears around superannuation changes in the budget pummeled its shares.

Investing in the current crop of market darlings may not be the best strategy, says Martin Conlon of Schroders.

Beware the market darlings

Investing in the current crop of market darlings may not be the best strategy in a world of uncertainty, says the head of Australian equities at Schroders.

A key aspect of a common tax-reduction strategy employed by partners in legal, accounting and other professional service ...

Crackdown on partnership tax rort

A key aspect of a common tax-reduction strategy employed by partners in legal, accounting and other professional service firms has been cut off in this year's budget.