Australia faces 40 years of slower economic growth, rising spending pressures in welfare and defence, and sustained budget deficits, according to a major report by the Department of Treasury.
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Federal Labor has formally supported the Albanese Government’s commitment to the AUKUS defence partnership, after debate at the party’s national conference.
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Plans for a national radioactive waste management facility in South Australia have been abandoned, after the Federal Government declared it would not proceed.
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Home Affairs Minister Clare O’Neil has called on corporate Australia to share more information on the nature and level of cyber-attacks on business.
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A meeting of US and Australian foreign and defence ministers has reaffirmed their commitment to strengthen force posture co-operation across land, maritime, and air domains, with a special focus on northern Australia.
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Education Minister Jason Clare says the Federal Government will act on five immediate actions recommended by a major ongoing review into Australian universities.
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Reserve Bank of Australia veteran Michele Bullock has been appointed Governor of the RBA, replacing Dr Philip Lowe, whose seven-year tenure has not been renewed.
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A meeting of the nation’s education ministers has agreed in principle to major reforms of teacher training, in a bid to improve teacher recruitment and retention.
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After an interval of almost 24 years, Australians will soon again be asked to vote in a referendum to change the nation’s Constitution.
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Six weeks after the May Budget, the Federal Government has reported another surge in the budget surplus, thanks to higher corporate taxation and lower payments.
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Queensland’s Palaszczuk Government is on course to deliver a $12.3 billion budget surplus for 2022-23, thanks to a sharp uplift in coal and oil royalties for the state.
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Prime Minister Anthony Albanese says further adoption of technology is critical in driving an improvement in Australia’s level of productivity.
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Surging commodity prices and continued low unemployment have contributed to the Federal Budget producing a surplus for the first time in 15 years.
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Annual inflation in Australia eased to seven per cent in the 12 months to the end of March, after reaching a 32-year high of 7.8 per cent in the December quarter.
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Australia will develop a longer-range strike capability for the Defence Force, with a greater focus on co-operation with the Pacific region, under the Federal Government’s response to the Defence Strategic Review.
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Foreign Affairs Minister Penny Wong says China’s economic growth has been a driver of Australian prosperity, but in its China relationship, the Albanese government would co-operate where it could and disagree where it must.
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Skills shortages remain a pressing issue for governments across Australia, as public and private sector employers struggle to fill critical roles.
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Australia’s annual inflation rate is trending down, falling to 6.8 per cent in the 12 months to the end of February, according to latest monthly figures.
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After 12 years in opposition, Labor has been returned to government in New South Wales.
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