Annual inflation in Australia has edged down to 3.6 per cent in the March quarter, but is still well above the Reserve Bank’s target range of 2-3 per cent.
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Deputy Prime Minister Richard Marles has released the inaugural National Defence Strategy, a new approach in developing an integrated force to meet emerging security challenges.
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New legislation – a Future Made in Australia Act – will underpin the Federal Government’s active role in investing in industry and building sovereign capability in areas of national interest.
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Deputy Prime Minister Richard Marles says that Australia’s Defence funding will rise to around 2.4 per cent of Gross Domestic Product by 2033-34, with a spending increase “of historic proportions”, up from an original projection of 2.1 per cent of GDP.
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Australia’s annual inflation rate has levelled out, with the cost of living increasing at 3.4 per cent in each of the past three months.
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Voters in Tasmania have delivered a hung parliament, with the final outcome of Saturday’s State Election still to be decided.
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New South Wales and Queensland are the major losers and Victoria and Western Australia the winners in the distribution of revenue from the Goods and Services Tax pool of an estimated $89.4 billion in 2024-25.
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Australia’s economy has just kept its head above water, with official figures showing a flat 0.2 per cent growth, seasonally adjusted, in gross domestic product during the December 2023 quarter.
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Australia’s head of security and intelligence has warned that the nation is the priority target of a particular team – the so-called ‘A-team’ - in a particular foreign intelligence service.
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A high-level review of Australia’s university sector has recommended a sharp lift in the number of graduates to meet the future demands of the national economy.
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Australia’s jobless rate has passed the four per cent mark for the first time in two years, according to official figures.
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Foreign investment into Australia remains dominated by the US, with the mining sector attracting the bulk of foreign funds, according to latest official figures.
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New Zealand is sizing up opportunities to contribute to the three-nation AUKUS defence partnership, through its space and technology sectors.
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Labor has opened a major assault on cost-of-living pressures, proposing to provide greater relief for low-income earners through legislated tax changes.
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Anthony Albanese’s Labor Government faces re-election in the next 16 months. Exactly when that election occurs will be determined by the state and territory electoral calendar
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Australia is poised to record its second successive Budget surplus in 2023-24, with continued low unemployment and higher taxation revenue contributing to an improved fiscal position.
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Queensland Labor Premier Annastacia Palaszczuk has announced her resignation, after serving as the state’s leader for almost nine years.
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Future distributions of revenue sourced from the Goods and Services Tax will be an issue of contention when National Cabinet meets this week.
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Home Affairs Minister Clare O’Neil has released the Federal Government’s Cyber Security Strategy, committing almost $587 million until 2030 to build the nation’s cyber defences.
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Infrastructure Minister Catherine King has released an Infrastructure Policy Statement that sets tougher criteria for Federal funding of transport projects.
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