Tax

The Australian share market is trading lower on Friday, while a report by the ACCC has warned that the eastern states could face a gas shortfall by 2027 — a year earlier than it had previously predicted. Follow live.

Reactions to the parliament's ASIC inquiry, a look at what's brought wheat prices down and the ASX closes trading higher: as it happened with our business reporters on the ABC News markets blog. 

With official estimates putting the number of vacant and derelict homes above 100,000 across Australia, local governments and property lawyers argue they could be part of the solution to Australia's apparent housing shortage.

About 14 million Australians will be prepping their tax returns in the coming weeks. But the ATO is warning taxpayers not to jump in too soon.

Australia's largest online bookstore, Booktopia, has collapsed and been placed into voluntary administration. Meanwhile, Australian stocks ended higher on Wednesday after a rally on Wall Street overnight.

Every worker will receive more money as the modified stage 3 tax cuts take effect from July 1.

The new financial year will bring a suite of changes for Australians. Here's a breakdown of what's taking effect. 

The craft beer scene's biggest festival of the year became an inadvertent staging point for the many intersecting issues facing the industry. Brewers tried to put on a brave face but admitted "vibes were down."

Some frame Julian Assange as a free press warrior and others a reckless hacker. As Anthony Albanese backed quiet diplomacy to free him, this unusual move to wield political influence over the legal systems of our democratic allies seems to have been lost in the haze. 

Nine Entertainment has announced it'll cut up to 200 jobs, ASX trading higher in midday trade. Catch up on the day's events and insights as they happened.

Kenyan police have fired rubber bullets and tear gas at protesters, as they return to the streets despite President William Ruto scrapping a finance bill following deadly protests across the country this week. 

The electoral cycle rollercoaster has Labor holding on for dear life, with the federal party going through its lowest of ebbs this term.

A global minimum tax on billionaires would help to fix the problems of our broken income tax systems, a new report says.

President William Ruto says he will not sign the finance bill that would have seen taxes hiked across the country.

Property prices in Perth have reached record highs in recent months and are expected to rise even further in the coming year, with a prediction they will increase between 8 and 11 per cent.

Inflation rose to 4 per cent in the 12 months to May, according to the latest data by the Australian Bureau of Statistics. Economists had broadly expected inflation to rise slightly to 3.8 per cent. Catch up on the day's news in the business blog. 

Contentious tax changes sparked protests across Kenya, with demonstrations turning deadly in the capital Nairobi.

Australia's share market closed 1.36 per cent higher on Tuesday after Collins Foods, the local operator of KFC and Taco Bell in Australia, reported a 500 per cent net profit increase during last financial year. Catch up on the day's news in the business blog.

About 14 million Australians will be prepping their tax returns over the coming weeks and months come July 1. Here's what you need to know. 

The Beyond Reach report has found affordable housing — where housing costs are 30 per cent or less of income — has "almost ceased to exist" for essential workers in south-east Queensland. 

The Australian share market closed higher on Friday, despite losses on Wall Street that saw chipmaker Nvidia lose its title as the world's most valuable company to Microsoft. And more foreign buyers are buying up Australian residential property according to new ATO data. Follow live.

It wasn't until Marc Ypinazar fell in love with his now wife Elle Roberts, and the couple began combining their finances, that he realised his super accounts were in disarray and he was losing money. The ATO says there is $16 billion in unclaimed superannuation.

ATO whistleblower Richard Boyle loses his appeal to secure immunity from prosecution under protection laws in South Australia's Supreme Court.

Australian stocks traded lower the day after the Reserve Bank kept interest rates on hold at a 12-year high. Catch up on the latest updates in our live blog.

Women who have left financially abusive situations can be saddled with massive debts they never incurred and advocates say the ATO is often unsympathetic in their pursuit of those funds.