/ 06 February 2024

Moving forward with finances

Australian Opposition Leader Anthony Albanese speaks to the media during a press conference on Day 1 of the 2022 federal election campaign, in Launceston, Monday, April 11, 2022. (AAP Image/Lukas Coch) NO ARCHIVING
Australian Opposition Leader Anthony Albanese speaks to the media during a press conference on Day 1 of the 2022 federal election campaign, in Launceston, Monday, April 11, 2022. (AAP Image/Lukas Coch) NO ARCHIVING

Money matters are in focus today with the Albanese Government’s proposed changes to the Stage 3 tax cut legislation to be put before the House of Reps. Reports say the Coalition is tipped to support the plan, while the Greens are still deciding, but either way, PM Anthony Albanese wants it sorted by Easter. Albanese copped a lot of flak after breaking his election promise to leave the tax cuts be, but the changes look set to pass with polling showing they’re popular with voters. Meanwhile in Sydney, the Reserve Bank board is expected to leave interest rates on hold as their new format 2-day meeting wraps up today. Whatever happens, Governor Michele Bullock will front a press conference this arvo to explain as part of moves to improve transparency.

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