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Economics

APRA cracks down on lax regulatory reports

The trustees of over 300 superannuation funds face prosecution following moves by the Australian Prudential Regulation Authority (APRA) to dissolve uncontactable superannuation funds.

OECD leading indicator data reveals moderate to strong recovery ahead

The Organisation for Economic Cooperation and Development (OECD) has said that its 30-member states are likely to experience moderate to strong recovery ahead according to the latest composite leading indicators (CLIs).

Increase in newspaper and internet job advertisements: ANZ

The latest ANZ job advertisement series, for November, reveals an increase in major metropolitan newspaper job advertisements by 0.1 per cent to an average of 22,148 per week (the highest level since November last year) and internet job advertisements ...

Government revises budget surplus forecasts

AAP  |  MONDAY, 8 DEC 2003
Bumper company taxes have given the federal government a war chest worth almost $5 billion in the lead up to next year's election.

Macfarlane optimistic on GDP growth in 2004

AAP  |  MONDAY, 8 DEC 2003
Australia's gross domestic product should grow at 3.5 per cent in real terms over the course of 2003, governor of the Reserve Bank of Australia (RBA) Ian Macfarlane said today.

Macquarie research shows housing remains affordable

Despite escalating housing prices - exacerbated by the two recent interest rate increases by the Reserve Bank - research by Macquarie Mortgages and Macquarie Property has shown that housing is still within reach for many Australians.

Brisbane has highest housing price increase for the year: ABS

Brisbane leads the nation's capital cities by recording the highest increase in housing prices with a 27.8 per cent rise in its house price index for the year to September 2003, the Australian Bureau of Statistics (ABS).

Worst over for the economy: TD Securities

TD Securities Chief Strategist Stephen Koukoulas has said the latest national accounts confirm that the worst is over for the Australian economy, but the recovery is anything but robust.

ALP deputy leader Senator Conroy criticises Costello's stance on HIH audit reforms

The Deputy Opposition Leader in the Senate and Shadow Minister for Financial Services and Corporate Governance, Senator Stephen Conroy has fired a volley at the Treasurer saying that the latter had backed down on implementing key HIH recommendations ...

ALP to announce retirement income goals soon

The shadow minister for retirement incomes and savings Senator Nick Sherry has told the Financial Standard that the two upcoming speeches by the ALP on its superannuation policy will focus primarily on retirement income goals and packages of assistance ...