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The Latest Breaking News from Susie Dodds

KPMG chairman, partners to exit scandal-tainted firm

Two KPMG audit partners who allegedly accessed confidential information are leaving the accounting firm, along with its national chairman.

AAP

Investment overhaul to pass despite 'taxmaxxing' claims

Controversial changes to negative gearing and capital gains tax will get a parliamentary green light after Labor made a handful of concessions.

AAP

Buyer blow as rising rates offset dip in home prices

Despite property prices falling, the annual income required to afford a median house has risen by thousands of dollars in Sydney and Melbourne since January.

AAP

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Man questioned in probe into cop killer's time on run

Slain police killer Dezi Freeman likely travelled interstate during his time on the run, police say, as they release a man without charge following questioning.

AAP

Australia's fiscal metrics 'broadly weaker' than peers

A top rating agency has reiterated its confidence in Australia's ability to pay its bills, while hinting at potential longer-term issues with its NDIS spending.

AAP

Reserve Bank meets with rates tipped to stay on hold

Borrowers can finally expect relief from quickfire interest rate rises with the Reserve Bank poised to maintain the status quo for the first time in 2026.

AAP

Better but 'not perfect' tax reform wins expert support

Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.

AAP

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Minister accuses states of exaggerating NDIS criticism

State and territory ministers have hit out at looming reforms to the National Disability Insurance Scheme, but the minister in charge says they're posturing.

AAP

Tax changes spark house listings boom but fewer rentals

A split is opening in the housing market, with more homes for sale as owners react to controversial tax changes but fewer becoming available to rent.

AAP

Data centre boom fails to boot up lagging economy

A fourth Reserve Bank rate hike is still on the cards for 2026, despite a slowdown in economic growth, falling productivity and high labour costs.

AAP

Treasury chief defends Labor's beleaguered budget

Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.

AAP

Liquor firm cuts back on wine to focus on pubs growth

Endeavour Group, which owns Dan Murphy's, BWS, and hundreds of pubs, plans to take $300 million in costs out of the business to support its future growth.

AAP

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

AAP

Climate change risks billions in roads, hospitals bills

A state has been warned climate change-linked weather hazards endanger almost a fifth of the value of major infrastructure assets.

AAP

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AAP

Rates revelation: why RBA dissenter voted against hike

The lone Reserve Bank board member who voted against lifting the cash rate in May was less concerned about inflation expectations than the bank's economists.

AAP

How housing became a generational budget battleground

Pitting investors against first home buyers in the name of intergenerational equity, Labor's fifth budget aims to address young people's housing struggles.

AAP

Bank plunge could spell end of an era for ASX investors

Big retail banks have driven returns on the ASX for years, but global asset manager VanEck believes they are overpriced and mid-caps offer better opportunities.

AAP

Labor tucks away $77b war chest for further tax cuts

A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.

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AAP

Electric car owners dodge road charge but pay more tax

Electric vehicle drivers will not have to pay an annual fee to use Australia's road network under budget changes but a tax discount will be wound back.

AAP

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

AAP

Last-minute budget pitch to 'level field' for young

Labor has made a pre-budget pitch to young Australians on social media as the government shakes up the tax system to help more people buy homes.

AAP

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

AAP

Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

AAP

Right tax moves matter more than mandates: treasurer

Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.

AAP

Close call tipped as Reserve Bank mulls third rate hike

Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.

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