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Private sector abandons broken Victoria

October 14, 2025 - 10:00 -- Admin

Bureaucracy and waste are drowning the state of Victoria. Victoria’s wage bill was $19.5 billion in 2014-15. The most recent state budget projects that wage costs will reach roughly $44 billion by 2028-29. The massive blowout in bureaucratic headcount is behind Victoria’s gargantuan wage bill. Labor costs are the state’s biggest expense and a key

Macro Morning

October 14, 2025 - 09:00 -- Admin

Wall Street was able to rebound from the Friday night slump with all markets expected another TACO trade setup in the latest bruhaha with the Chinese over rare earth exports. Meanwhile the USD was able to rebound against some of the majors with gold soaring another 2% to above the $4100USD per ounce level while

Labor’s superannuation policy tweaks are excellent

October 13, 2025 - 14:14 -- Admin

The Albanese government has responded to widespread concerns and dumped its proposal to tax unrealised gains on superannuation balances of above $3 million without indexation. Instead, Treasurer Jim Chalmers announced the following significant changes to the Division 296 extra tax on superannuation balances: The tax will no longer apply to unrealised gains. This was poorly designed

3.2 million Aussies are unemployed or underemployed

October 13, 2025 - 14:00 -- Admin

Roy Morgan has released its labour force estimates for September, which reported a solid decline in both unemployment and underemployment. According to Roy Morgan, unemployment decreased by 37,000 to 1,739,000 (down 0.3% to 10.8% of the workforce) while under-employment dropped 243,000 to 1,499,000 (down 1.6% to 9.3%). However, as illustrated below, both unemployment and underemployment

Australia rushes towards golden 1890s

October 13, 2025 - 13:30 -- Admin

Michael Hartnett at BofA has good news for Australia. Zeitgeist:“Having lunch with X and he is asking should he invest in physical gold or silver or is it too late as his wine investments have been tanking?”–brother-in-law. The Price is Right: price action since Fed cut good for cash-needy not-for-profit tech(XBI, ARKK), bad for rate-sensitive

Labor botches superannuation reform

October 13, 2025 - 13:00 -- Admin

Update: Treasurer Jim Chalmers announced this afternoon that Labor has dumped its unrealised superannuation tax proposal, as well as made several other worthwhile changes. A full breakdown of these changes is available here. Original article below: ———————————————————————————————– The head of Treasury’s revenue group, Diane Brown, has told Senate estimates that the Prime Minister’s office had

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