15/12/2022

Relief is coming to help with high energy bills

Federal and state governments have agreed to cap coal and gas prices and provide additional rebates for Australians on low and middle incomes as part of a $1.5bn intervention.

Reserve Bank sceptically launches new program to explore digital currency

The Reserve Bank has started a pilot program for a digital eAUD currency, but assistant governor Brad Jones is unsure of its role in Australia.

Was your tax refund less than expected?

The ATO has started to offset credits as part of recommencing collection action after a pause due to COVID-19. This may include reactivating debts that have been on hold. Find more details here.

Inflation rate drops just in time for the holidays

Australian inflation fell to 6.9 per cent in October, well below market expectations, due to a significant fall in the costs of fruit and vegetables. The drop has some economists feeling optimistic that inflation has peaked sooner than expected.

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