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AusPost ‘confident’ about Xmas boom

Australia Posts insists it is “confident” in its ability to deliver tens of millions of parcels in time for Christmas. “We are in good shape this year for Christmas,” chief executive Paul Graham told Senate estimates late on Monday evening.…

Confusion over millions paid to fat cats

The federal government has been accused of being too late to question why tens of millions of dollars in taxpayer-funded bonuses were paid to top executives.Last week, the Australian Financial Review reported that at least 24 public…

Whopping pollie power bill revealed

Australian taxpayers forked out close to $6m to cover Parliament House’s power bill, officials have revealed. But the department in charge of running the building has vowed it is looking at ways to cut the eye-watering amount, amid concerns…

Why fat cats are pocketing $6m in bonuses

Australia Post and NBN Co have hit back at the federal government’s call to explain why tens of millions in taxpayer-funded bonuses are flowing to top executives. The organisations said the cash handouts were critical in order to stop…

Why millions of Aussies are struggling

More than six million Australians are struggling to make ends meet despite working more hours than they were before the Covid-19 pandemic, new analysis has found.More people are also feeling financial stress now than at any other time since…

Major crypto change hidden in budget

Bitcoin will no longer be treated as a foreign currency for tax purposes under a sweeping change included in the federal budget. The government wants to clarify Australia’s treatment of digital currencies after El Salvador adopted bitcoin…

Labor unveils major $21bn saving plan

Labor’s federal budget will save up t0 $21bn after an audit revealed ways to claw back savings by cutting costs in many government departments.Among the cuts to be made are $2bn worth of grants and $3.6bn that would have been spent on…

Aussies set for cash boost

Australians have been promised a “bread and butter” budget on October 25 – one which will be “resilient” but “won’t be fancy”.With the world teetering on the brink of a recession, Jim Chalmers has sought to downplay expectations about the…

Floods’ huge toll on grocery prices revealed

The price of fruit and vegetables is expected to leap by 8 per cent in the next six months in the wake of major flooding.The production of fruits, grains such as wheat and barley and dairy and livestock is expected to be affected by the…

Reason hospital bills could skyrocket

Australians could soon be forking out thousands more for private treatments if a scheme which requires insurers to pay default benefits to hospitals is abolished. In its submission to the federal government’s review of default benefits,…