Opposition Leader Peter Dutton says that a senior public servant should not be appointed as the next Reserve Bank governor to avoid any connection with past governments. As speculation mounts on whether Philip Lowe will be replaced as the head of the RBA once his term expires, Mr Dutton said the potential successor should not…

Australians earning under $126,000 a year are bracing for one of the largest tax hikes in history as the federal government’s low- and middle-income tax offset (LMITO) comes to an end in July this year. This means people taking home less than $126,000 (US$84,000) a year will be $1,500 (US$1,000) worse off, while those earning…

Mortgage holders are likely to be hit with another lift in their monthly repayments if Australia’s Reserve Bank delivers its 10th likely interest rate hike in a row this week, as is widely expected. The nation’s central bank is tipped to deliver another 25 basis point rise after communications following the February decision struck a…