Battery electric vehicles (BEVs) are massively subsidised in Australia. The Fringe Benefits Tax (FBT) exemption for BEVs costs the federal government more than $500 million in lost tax revenue each year—a figure that will increase alongside the take-up of BEVs. Under the FBT exemption, somebody leasing a $60,000 car can save more than $12,000 per
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Honestly, we couldn’t cook a snag at a barbie, these days. Ross Gittins has finally discovered Australia’s number one economic problem. Or, rather, he’s aping someone else’s take. SMH. Earlier this year, the boss of the Australia Institute, Dr Richard Denniss, caused a stir by claiming that the government takes more money from uni students
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Albo is not a policy coward. He is a do-nothing backroom bovver boy with the economic instincts of a brick. Jim Chalmers knows better what to do, but he is a policy coward. It is a worst-case scenario for living standards. AFR. Anthony Albanese and Jim Chalmers held private talks to agree on the need
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There is accumulating bad news in the Aussie jobs market. As we know, there is supposed to be a handoff underway from public to private sector jobs. But it isn’t happening. Moreover, AI appears to be hitting entry-level positions for youth, a key job leading indicator. We also know that it takes roughly 25k per
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The Australian Bureau of Statistics (ABS) released wage growth data for Q2 2025, which came in slightly above the Reserve Bank of Australia’s (RBA) forecasts outlined in its August Statement of Monetary Policy (SoMP): Nationally, wages increased by 0.8% in the second quarter, resulting in a year-on-year growth of 3.4%. Wages in the private sector
In the years since the Albanese government came to power and the sugar hit of pandemic driven stimulus and so called ‘Revenge Spending’ drew to a close in the middle of 2022, the Australian economy has become more and more reliant on employment growth in non-market sectors of the economy. The ABS defines non-market sectors
On Tuesday, the Reserve Bank of Australia (RBA) cut the official cash rate (OCR) by 0.25% to 3.60%. The RBA has now cut the OCR by 0.75% from its peak of 4.35%, and most economists and financial markets expect another two rate cuts to be delivered by mid-2026. The following chart from CBA shows that
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