Mr Turnbull during a cabinet meeting at Parliament House.

Turnbull government sides with small business,agrees to implement controversial'effects test'

The Turnbull government has adopted the most controversial recommendation from the Harper review of Australia's competition laws.

  • Gareth Hutchens

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Treasurer Scott Morrison is preparing to hand down his first budget.

Treasurer Scott Morrison signals possibility of no tax cuts this budget

Treasurer Scott Morrison has given his clearest signal yet that voters now may not get any tax cuts this budget,despite indicating for months that tax cuts would be his priority.

  • Gareth Hutchens
Shadow Treasurer Chris Bowen says the move would change the ability of small businesses to bring private litigation.

Labor wants to make it easier for small business to litigate large businesses

Labor says it will remove one of the "biggest barriers" to small businesses trying to challenge large rivals in court for anti-competitive behaviour.

  • Gareth Hutchens
Christine Lagarde,managing director of the IMF,warns that governments around the world must start confronting the reality of ageing populations.

IMF managing director Christine Lagarde warns of demographic timebomb

According to the International Monetary Fund,older workers will have to retire much later in the future to help pay for rapidly rising pension costs.

  • Gareth Hutchens
Treasurer Scott Morrison has come under fire for his use of BIS Shrapnel modelling.

Call for code of conduct for economic modellers after saga surrounding BIS Shrapnel negative gearing modelling

The use and abuse of economic modelling has become so bad in Australia that we need to adopt a code of conduct for economic consultants,similar to those followed by auditors and actuaries,the Australia Institute says.

  • Gareth Hutchens
Brisbane Lord Mayor Graham Quirk addresses a G20 press conference.

OECD:G20 commitment to boost GDP by 2 per cent in doubt

Australia's quality of education has been singled out as one of the policy areas most in need of improvement by the Organisation for Economic Cooperation and Development.

  • Gareth Hutchens
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Former Australian prime ministers and treasurers:John Howard&Peter Costello,Kevin Rudd&Wayne Swan.

Governments not economic factors to blame for current budget woes,says Parliamentary Budget Office

Policy decisions by government,stretching back to the Howard government in 2002-03,have been more responsible for driving federal spending higher than any "external" economic factors,the Parliamentary Budget Office says.

  • Gareth Hutchens
It's a balancing act for the RBA as it takes into account the high levels of household debt and the impact higher interest rates have on financial stability and the economy.

Reserve Bank says Australian dollars could come in digital form in future

Could the Reserve Bank issue its own version of bitcoin?

  • Gareth Hutchens
AUCKLAND,NEW ZEALAND - FEBRUARY 04:Anti TPP protestors outside the Sky City Convention Centre ahead of the signing of the document on February 4,2016 in Auckland,New Zealand. The signing ceremony marks the end of the TPP negotiation process to create one of the world's biggest free-trade zones. (Photo by Phil Walter/Getty Images)

Trans-Pacific Partnership:Trade agreement will not be modelled by the Productivity Commission

Others apparently know best when it comes to assessing benefits from Australia's biggest trade deal.

  • Gareth Hutchens
Continued strength in commodity prices has buoyed the ASX.

Iron ore recovery offers budget boon hopes

A recent rally in the price of iron ore has put it above official Treasury estimates,offering a possible future windfall to Treasurer Scott Morrison.

  • Mark Mulligan andGareth Hutchens