15/09/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
15/09/2022
Calls to extend fuel excise cut go unanswered
The fuel excise cut is set to expire on September 29, and the government has made it clear that it won’t be extended. Many are concerned about an economic ripple effect – people may stop spending in retail in restaurants if they can’t afford to drive anywhere.
Government seeks to ease housing crisis with new law
Labor is expected to introduce a new law this week that would seek to encourage pensioners to downsize, freeing up their large homes for younger families.
How the government could help small businesses as inflation rates rise
Inflation is painful for small businesses, but there are ways to ease the sting. SmartCompany has rounded up three ways the government could help protect Australian businesses from inflation.
All big four banks now aligned with Reserve Bank’s rate rise
After last week’s decision by the Reserve Bank to raise the official cash rate to 2.35 per cent, Westpac is the last of the big four banks to raise its interest rate to align.
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