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BREAKINGPremiumDavid Jones collapses into administration

Iconic Australian department store David Jones has collapsed into voluntary administration after nearly two centuries of trading.

Cameron Micallef

Uber has lost a long-running and potentially landmark legal case against the NSW tax office over whether Uber drivers are working for ‘wages’, and therefore whether Uber is liable for payroll taxes. NewsWire / David Geraghty

AT WORKPremiumUber hit with staggering $81m tax blow

Uber has been ordered to pay a staggering $81m in payroll tax after the High Court ruled driver payments were were wages.

Blair Jackson

Australian telco SpinTel has been fined more than $650,0000. NewsWire / Christian Gilles

NewsPremiumTelco fined $653k for spam emails

An Australian mobile and internet company has been fined more than $650,000 after spamming former customers up to 13 years after leaving the telco.

Blair Jackson

Household spending has come in broadly flat, as rate hikes and a spike in oil prices hurt. NewsWire/ Gaye Gerard

UPDATEDPremium‘Borrowed time’: Rate fears on spending hike

Household budgets have so far held up to higher interest rates and rising oil prices, but economists warn Australia’s spending spree could be over.

Cameron Micallef

Small businesses are being hit in three main ways according to COSBOA. NewsWire/ Gaye Gerard

RetailPremium‘Make things worse’: Brutal call to Albo

Small businesses have made a big call to the Albanese government after the Reserve Bank of Australia lifted the cash rate to its highest point since 2008.

Cameron Micallef

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UPDATEDPremiumLolly run nets dad $60m lotto jackpot

They mystery winner of the entire $60m Oz Lotto jackpot has been found and has revealed he has his kids to thank for the win.

Andrew Hedgman and Alexandra Feiam

Australians say they are just weeks away from running out of money: NewsWire/ David Crosling

FINANCEPremium‘Vulnerable’: Cash crisis as rates rise

Millions of Australians could be a single missed pay cheque away from not being able to cover their bills as cost-of-living pressures continue to bite hard.

Cameron Micallef

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ECONOMYPremiumBig four banks start move on rate hikes

The Reserve Bank of Australia has raised the cash rate to its highest level since 2008, with banks moving to pass on the pain to mortgage holders.

Cameron Micallef

Michele Bullock will address media later today to outline the RBA’s reasons for a hike.

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RBA
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RBA chief admits Australia feels like it’s in recession

The Reserve Bank has raised interest rates to the highest level since December 2008 - with governor Michele Bullock hinting at more pain.

Stephen Johnson

Reserve Bank governor Michele Bullock says the rate hike was necessary and ‘the right thing’.

RBARBA RECAP: Startling number say they can’t pay a fifth hike

RBA governor Michele Bullock has announced a Melbourne Cup day rate hike to 4.85 per cent. Follow live for what it means for your household budget.

Daniel Newell

Opening up super could help prevent Australia becoming a nation of retired renters, a senator says. (Steven Saphore/AAP PHOTOS)

Personal FinancePremiumEarly access to super deepens cracks between Liberals

The opposition insists a proposal to grant early access to superannuation is under review after a backbencher claimed most Liberals want to abandon the idea.

Will Nicholas

Nine in 10 older Australians applying for aged care are on social welfare payments, a study shows (Alan Porritt/AAP PHOTOS)

HealthPremium'Asset-rich' Aussies could struggle to afford aged care

In-home aged care risks becoming less accessible, with most applicants for subsidised assistance already receiving social welfare to get by.

Duncan Murray

When one door closes, investors inevitably start looking for another. For some SMSF investors, that door could be commercial property. Here’s five things to know before you jump in ...

Your MoneyPremiumFive red flags for investors shifting to commercial property

When one door closes, investors inevitably start looking for another. For some SMSF investors, that door could be commercial property. Here’s five thing to know before you jump in ...

Raymond Pecotic

Boomers are often accused of benefiting and exploiting the system to the detriment of younger Australians. But there’s one thing that sets them apart, and it’s a lesson everyone can use to grow their wealth.

opinion
opinion
Your MoneyPremium
opinion
In defence of boomers, and one thing that sets them apart

Boomers are often accused of benefiting and exploiting the system to the detriment of younger Australians. But there’s one thing that sets them apart, and it’s a lesson everyone can use to grow their wealth.

Nick Bruining

Keeping the family finances in check is tough enough these day, even more so when one parent loses a job. But a special discount card is available. See if you’re eligible, and what you can get ...

BRUINING Q+APremiumLost a job? Here’s the card your family needs to stay afloat

Q+A: Keeping the family finances in check is tough enough these day, even more so when one parent loses a job. But a special discount card is available. See if you’re eligible, and what you can get ...

Nick Bruining

Computershare APAC CEO Marnie Reid.

BusinessPremiumThese two ASX giants lead $23b WA dividend payday

The fortunes of WA’s mines and corporate giants reach into share portfolios across the country. Five big names paid shareholders $23.1bn in a year, though some investors received less than a year earlier.

Ryan Johnson

WA operations manager Jake Curnow estimated a venue such as Midland cost “more than $5 million and probably less than $10m” to build. He expected the opening to create 60 to 70 jobs.

RetailPremiumVarsity’s Midland pub bet as WA tightens its belt

More than half of WA households plan to cut spending at pubs, bars and clubs. But Varsity is betting there’s still room for a night out, opening a multimillion-dollar venue in Midland.

Ryan Johnson

NewsWire / Monique Harmer

Cost of LivingPremiumColes issues warning, share price dives 11pc

Coles has extended two of its key programs ahead of the busy Christmas period, as shareholders sell its stock at the start of trading.

Cameron Micallef

Woolworths chief executive Amanda Bardwell announced strong sales growth. NewsWire / Nikki Short

Cost of livingPremium‘Tighter Christmas’: Woolies warns of pain

Woolworths has warned many Australians face a “tighter Christmas” as the supermarket giant revealed four in 10 customers struggle to make ends meet.

Cameron Micallef

A third of Victorians seeking homelessness services are full time workers. NewsWire / David Crosling

AT WORKPremium‘Slipping’: Alarming Aussie worker crisis

Alarming new figures have revealed why full-time employment no longer guarantees Aussies will have a roof over their head.

Emma Kirk

A fifth cash rate rise for 2026 is on the cards.

RBAPremiumBig banks make call on next rate hike

Australia’s biggest banks are now all expecting a Melbourne Cup day rate hike following the worst inflation data since the start of the Iran war.

Stephen Johnson

Woolworths sales in the first quarter were boosted by Ooshies collectables.

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RetailPremium
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Ooshies mania sends Woolies sales through the roof

A successful Disney collectables campaign has pushed Woolworths sales growth higher as budget-conscious shoppers drive increased demand for private label groceries.

Adrian Lowe

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UPDATEDPremiumOz Lotto jackpots to staggering amount

Two consecutive weeks without a Division 1 winner have pushed the Oz Lotto jackpot to an eye-watering figure.

Andrew Hedgman

Centrelink is chasing about 150,000 welfare recipients over debts. NewsWire / David Geraghty

NewsPremium‘Disgrace’: Centrelink targets 150k Aussies

The welfare system’s previous method of calculating debt was found to be unlawful but has since been renewed – now they’re chasing almost 150,000 Aussies.

Alexandra Feiam