The bank's chief economist Bill Evans is forecasting a budget deficit for 2020-21 of $240billion, which would see net debt as a proportion of the economy climb from 19 per cent a year ago to 37 per cent now. … [Read more...] about How the first recession in three decades could have an unexpected silver lining with $2,565 tax cuts brought forward to early next year – here’s how YOU could be in for a windfall
Australian tax return
On an annual basis, the economy shrunk by 6.3 per cent. The quarterly slump was an worse than the 1930s Great Depression while the annual decline at a level unseen since the aftermath of World War II in 1945 … [Read more...] about EXCLUSIVE: The grim news coming this Christmas: Why thousands MORE Australians stand to lose their jobs in December as the country plunges into its worst recession since WWII under the weight of COVID-19
Al-Araibi, while he also had a phone and was able to speak directly to journalists and send photos in the first days of his detention, did not attract the instant focus. Some media was far slower – particularly in Australia – to pick up on it, despite the story’s stronger links to the country than Qunun. … [Read more...] about Rahaf and Hakeem: why has one refugee captured the world’s attention while another is left in jail?
On Monday, FFA’s chairman Chris Nikou, who this year will seek a place on the Asian Football Confederation executive, expressed the federation’s gratitude to the governments of Thailand and Bahrain for releasing Al-Araibi, and congratulated the football community for uniting in the cause. … [Read more...] about He’s free, but who’s to blame for Hakeem al-Araibi’s ordeal?
Smorgon Consolidated Industries operated across a number of industries but was best known in later years for Smorgon Steel, which was sold to OneSteel in 2005 for A$2.5 billion. The consolidated business was split in 1995 into several entities, allowing each of the brothers to exercise more control on behalf of their own families. … [Read more...] about Aussie rich-list family heads to court over dispute with ‘step-child’