Industry News
Australia’s economy grew by 0.4% in the June quarter and 2.1% over the year, slightly exceeding economist forecasts and matching the performance of major economies like the United States. The stronger-than-expected economic data has increased the probability of a September interest rate hike to approximately 70% according to market pricing. Despite the growth, economists expressed […]
The Essential Services Commission has suspended the accreditation of Royal One Pty Ltd following allegations of fraud within the Victorian Energy Upgrades program. An investigation by a fraud taskforce found that the business submitted digitally altered photographs and falsified customer details to claim certificates for energy efficiency projects. The company’s accreditation has since expired without […]
Proposals to extend superannuation to workers under 18 are intended to boost long-term retirement savings but may create unintended consequences for youth employment. Small business groups warn the added cost and administrative burden could discourage employers from hiring younger workers, reducing entry-level job opportunities. Critics argue policymakers must balance retirement policy goals with the need […]
