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Productivity Commission

Albo caves to states’ tax threat

Anthony Albanese has paid a hefty sum for reforms to share the costs of the National Disability Insurance Scheme with the states and territories. The Prime Minister hosted leaders for the final national cabinet meeting of the year in a bid…

Money mindset to boost your productivity

Whether you’re a university student, employee or jobseeker, knowing how to effectively manage your time is crucial but not always easy. In fact, with the recent report by the Productivity Commission revealing that Australia is experiencing…

Shock sacrifice young Aussies will make

Nearly three quarters of Australians would sacrifice their inheritance so their parents and grandparents can spend the money on aged care instead, new research has found.Australians are dying wealthier than ever and have gifted almost $1.4…

One thing off the table for working Aussies

The Albanese government doesn’t want Australians working harder for less money despite a fall in the country’s productivity. That’s the message from Treasurer Jim Chalmers ahead of the Productivity Commission – an independent agency that…

‘Problem’: Productivity at woeful level

Australia’s productivity growth has fallen to its lowest level in 60 years, averaging just 1.1 per cent a year. The new figures are part of the Productivity Commission Report, which Treasurer Jim Chalmers says confirms “Australia has a…

Treasurer’s top priorities amid rates pain

Jim Chalmers says inflation is still unacceptably high and too persistent but he’s optimistic it’s slowing down after the Reserve Bank hiked interest rates for a tenth consecutive time.The Treasurer has named the cost of living as the…

Trillion-dollar company’s Aussie bombshell

A multi-trillion dollar global company has just launched a new low-fee superannuation fund for Australians under the age of 47.On Friday, Vanguard announced it had entered the Australian superannuation market. The company claims it offers…

Aussies lose $1.6b in just 12 months

There were 850,000 Australians who missed out on a whopping $1.6 billion in the past year by failing to leave their dud superannuation fund after the government identified the worst performing providers.Around 90 per cent of members stayed…

‘Tough’: Aussies missing out on $283k

The average Australian misses out on a whopping $283,000 worth of superannuation over their lifetime, jeopardising their retirement and putting them at risk of homelessness, simply by becoming a parent.New data shows that women’s…