Australia's first female Prime Minister, Julia Gillard has won the support of investors, but with a caution that any postponement to a compromise agreement with miners over the RSPT would stoke an investor revolt.
The Australian Chamber of Commerce and Industry (ACCI) urged the federal government to continue with its planned business tax breaks amidst the emerging possibility that the government would not be able to forge a deal with resources companies on its proposed resource super profits tax.
Declaring that negotiations with the mining industry members are "good," Australian Prime Minister Julia Gillard will likely unveil a compromise with the sector on its planned tax measures.
Workers will keep more of their incomes beginning on Thursday as the federal government gives out the final stage of income tax cuts on July 1.
Prime Minister Julia Gillard has denied allegations the Federal Budget is dishonest because it includes $12 billion in earnings forecast to come from the controversial RSPT.
Australian Prime Minister Julia Gillard will make an announcement on July 2 regarding a possible election in August, the Australian Broadcasting Corp. cited on its website.
Fortescue Metals Group executive director Andrew Forrest yesterday revealed he was within 24 hours of reaching an initial agreement with former prime minister Kevin Rudd on the government's proposed RSPT.
Westpac Group’s permanent employees are set to enjoy superannuation benefits as the banking group announced Tuesday that beginning July 1, company staffs would be entitled to a nine percent superannuation payment with options of taking up to 39 weeks of unpaid parental leave.
The Association of Mining and Exploration Companies has warned that it will continue with an advertising campaign against the Australian government’s proposed super-profits mining tax beginning next week should new negotiations buckle down.
Greens Leader Bob Brown has offered new Prime Minister Julia Gillard a solution to the impasse on the emissions trading scheme. If Labor is re-elected, the Greens would help the government pass a carbon tax through the Senate within three months of polling day, Senator Brown said.
Greens Leader Bob Brown has offered new Prime Minister Julia Gillard a solution to the impasse on the emissions trading scheme. If Labor is re-elected, the Greens would help the government pass a carbon tax through the Senate within three months of polling day, Senator Brown said.
Japan has recorded an unexpected 5.2 percent increase in its unemployment rate further weakening household spending for the second month.
The International Monetary Fund has foreseen a steady and gradual impact of the Chinese currency’s recent revaluation and would not be the “quick-fix” in all the global economy’s ills.
Opposition Leader Tony Abbott has asserted his plan to reduce government spending by as much as $47 billion should he triumph in the next election.
Water distributors have announced a 10.7 per cent water price hike on south east Queensland communities yesterday.
Federal Labor MP Bill Shorten said forcing out Kevin Rudd as prime minister last week was the hardest decision he made in his political career. He was among a group of leaders who asked Julia Gillard to contest Mr Rudd as Labor head.
New prime minister Julia Gillard is rushing to meet a Friday deadline to conclude the damaging debate over the resource super-profits tax.
New prime minister Julia Gillard might consider an early election after the government received a solid lift in the polls, which was largely a result of the ousting of Kevin Rudd.
Premier Colin Barnett is pushing for a big surge in electricity charges in his campaign to bring utility prices in line with their production costs even as he convinced Rio Tinto and BHP Billiton to pay higher royalty rates that would further boost the coffers of Western Australia.
Australia's immigration will slacken under the new leadership, New Prime Minister Julia Gillard signalled yesterday, amid rising concerns on the nation's swelling population.
Prime Minister Julia Gillard did not include her predecessor Kevin Rudd in her new Cabinet. She said in a news conference that she would be ''absolutely delighted'' to see him serve as a senior minister if the government is re-elected.
Opposition finance spokesman Andrew Robb said today that the federal government would have to issue an emergency mini-budget if it plans to re-study the proposed mining tax as he scored Treasurer Wayne Swan’s claim that reconsidering the tax measure would not impact the national budget.
Starting Thursday this week, the Australian Securities and Investments Commission (ASIC) will be granted the authority to void skyrocketing home loan exit charges that are not directly related to expenses banks actually shouldered in closing accounts, a clear benefit for consumers and home owners.
Australian Greens head Bob Brown reaped praises Friday from outgoing Finance Minister Lindsay Tanner even as his party sets eye on the Melbourne seat, long held by the Labour Party since 1904, which would be vacated by Mr Tanner following his decision on Thursday to quit politics.
With the sudden change in leadership, Australia's representative to the G20 meeting this weekend is Deputy Prime Minister Wayne Swan.
International mining firm Rio Tinto is cautiously encouraged by the invitation sent by new Australian Prime Minister Julia Gillard for the industry to begin full and open engagement on all aspects of tax reform.
Mining stocks improved amid hopes that new Prime Minister Julia Gillard will have a more favourable tax regime than the proposed resource super-profits tax.
Leading gas producer Santos welcomed comments by Julia Gillard about RSPT negotiations, while Queensland mining billionaire Clive Palmer called on the new prime minister to formally abandon the controversial proposal.
Finance Minister Lindsay Tanner informed the parliament today that he is set to forego the next federal election as he clarified that his decision was not based on the recent events that saw the ousting of Kevin Rudd as prime minister.
A modernised bankruptcy law is now in the offing as the Senate passed a legislation today that reduces to $5000 the minimum amount required for a creditor to file a petition for insolvency.
