Older Australians wanting to work can earn up to $11,800 before their pension is affected as stated in the new employment white paper released Monday. The 252-page paper outlined 190 policies with 70 already implemented and 80 underway; 31 with ...

The growing reliance on personal income taxes to prop up government coffers is an “intergenerational tragedy”, former Treasury boss Ken Henry has claimed. Mr Henry, who authored the landmark Henry Review of Australia’s tax system that was commissioned by the ...

The government will be forced to slash spending or hike taxes for Australians if it wants to avoid a widening hole in the nation’s balance sheet over the next 40 years, a new report has revealed. Released by Treasurer Jim ...

Australia might have just recorded a $19 billion surplus, but the Treasurer has warned that the cost of servicing debt and an ageing population is predicted to balloon government spending in the decades to come. The Intergenerational Report, to be ...

Prime minister Anthony Albanese has said increased spending on aged care would mean 'some sacrifices need to be made', avoiding the question of whether Labor is planning to raise taxes. The risk of a tax increase became even more likely ...

Aged care advocates and experts have said the federal government's first budget fulfilled key election promises but does not financially support true reform. Treasurer Jim Chalmers handed down Labor's budget this week, with $3.9 billion earmarked for the aged care ...

The 2022-23 federal budget, to be announced tomorrow, will outline the government's plans for the coming term and treasurer Jim Chalmers has said aged care is high on the priority list. The government has spent its first $18.8 billion on ...