The federal government’s plan to cap international student numbers has split the tertiary education sector, drawing uproar from prestigious urban universities but cautious optimism from their regional and suburban competitors. Education Minister Jason Clare on Tuesday proposed a limit of 270,000 new international enrolments in 2025, covering both universities and VET providers. International student commencements...
Tag: Federal Government
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Administrators for Rex to axe another 73 jobs at troubled regional airline
More than 70 jobs will be cut at troubled regional airline Rex as administrators continue to evaluate the business and search for an appropriate buyer. Rex collapsed into voluntary administration in late July, after days of speculation about the airline’s future. Since administrators from consulting firm EY were appointed, a total of 594 jobs have...
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‘One hell of a legacy’: The seismic shifts behind Paris game-changer as Aussie women dominate
When it comes to Australia’s stunning success in Paris, 32 is the magic number that affirms a major change in the way our champion women are coached. At an Olympics where Australia finished fourth overall, produced our best Games away from home shores in track and field, almost knocked off the USA in the pool...
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Gambling reform advocate says Labor MPs would speak out if PM doesn’t deliver Peta Murphy ad ban
Labor would risk an internal rebellion if it waters down gambling reforms recommended by the late Labor MP Peta Murphy, according to a leading campaigner. The government is still preparing its response to a 2022 inquiry into online gambling harm, which Ms Murphy chaired prior to her death last December from cancer, aged 50. Gambling,...
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Why migrants are $140,000 worse off than people born in Australia
If you migrate to Australia, your superannuation might not be so super. The average balance for those from a non-English speaking background at retirement is about 30 per cent lower than the general population, at $320,000 compared to $460,000. The gap starts to emerge as early as your mid-20s and widens as you age. And...
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Aldi stores 25pc cheaper than Coles, Woolworths, Choice report finds
In short: Consumer advocacy group Choice says there is a difference of just 75 cents for the same basic grocery items at Coles and Woolworths. Choice found that German supermarket chain Aldi was substantially cheaper, with items around $15 less at the check-out. What’s next? Australia’s highly concentrated supermarket sector is the subject of a...
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Australia Market extends losses on Tuesday
Last Updated : Jun 12 2024 | 3:51 PM IST Australia stock market finished lower for second straight session on Wednesday, 12 June 2024, following the mixed cues from Wall Street overnight, with utilities, tech, materials, industrial, and consumer goods stocks leading losses. The drop came as investors braced for US inflation data that could...
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2.6 million workers to benefit from 3.75pc increase to minimum wage next month
In short: The Fair Work Commission has increased both the minimum and award wages by 3.75 per cent. The decision means the national minimum wage will be $24.10 per hour or $913.91 per week, based on a 38-hour week. What’s next? The increase to minimum and award wages will take effect from July 1. Australia’s...
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The world is retreating from globalisation. What does it mean for us?
The evidence is everywhere, the trend clear. From riots among farmers from Europe to India, to a shift towards the political extremes across the developed world and ongoing conflict in the Middle East and Africa, political unrest appears to be on the rise. In the US, once the bastion of free market enterprise, a man...
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Australia is set for a $9.3 billion surplus, but deficits for next three financial years
In short: The federal budget will reveal a $9.3 billion surplus for the 2023-24 financial year, which ends next month. The next three years will all have larger deficits than expected in December. What’s next? The budget will be handed down this evening. Today’s federal budget will deliver a $9.3 billion surplus for the current financial year...
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Back in business? PwC Australia wins new taxpayer-funded contract as government sets date for potentially more
In short: PwC Australia is winning more government work, despite multiple investigations continuing into potential criminal behaviour by members of the firm. The Australian Federal Police, Tax Practitioners Board and the Senate have concurrent probes into a tax leaks scandal that could have cost Treasury millions. What’s next: The Finance Department reminded bureaucrats not to give PwC...
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New ‘high-performance centre’ set to be built at Australian Institute of Sport ahead of Olympics
In short: The federal government has committed $249.7 million in next week’s budget to upgrade the Australian Institute of Sport in Canberra. The long-awaited upgrade will include building a new high-performance training and testing centre, a multi-sport indoor dome, and an accommodation facility. What’s next? The government said the funding will be in the budget, but a detailed...
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