Former Reserve Bank governor Bernie Fraser has backed up Philip Lowe’s view that high levels of immigration have contributed to low wages growth.
The future of billions of dollars in tax relief for high income earners has created a rupture in Labor with internal rivalry and conflicting positions on display from MPs,amid fears mishandling the policy debate threatens to cost them the election.
Policy experts Bernie Fraser and Andrew Podger say the government’s next tax cuts to start in 2024-25 must be re-thought given the demands for aged care
The role and importance of the central bank is little understood,but a number of economists and experts are claiming it has failed the country.
Former RBA governor Bernie Fraser said there are “more than enough reasons” for current governor Philip Lowe to speak up about the JobSeeker rate.
The former prime minister says the"opt-in"super proposal being considered by the government has been"prompted by zealots in its backbench".
The former RBA governor says low-income workers should be allowed to withdraw some of their super early to buy a first home,while former PM Kevin Rudd,super funds and Labor warn such a scheme would push up property prices.
State and territory premiers are under pressure to follow the NSW government's plan to give home buyers a choice between paying a one-off stamp duty or an annual fee,risking a hit to the budget bottom line while interest rates are low to scrap the widely disliked tax.
Former Reserve Bank governor Bernie Fraser has defended the central bank's actions during the coronavirus pandemic following a scathing attack by ex-Prime Minister Paul Keating.
The shortfall in the Morrison government's JobKeeper program is prompting calls to bring forward shovel-ready projects,tax cuts and stimulus for shoppers.
After years of scandal,banks are now key members of"Team Australia".