A European Union-style tax on plastic packaging could raise almost $1.5bn every year, according to the Australia Institute.

Australia’s chronic shortage of rental properties eased slightly in December, yet the number of homes available remains near record lows.

AMP Chief Economist Shane Oliver says the risk of recession in Australia remains high at around 40 per cent as demand continues to slow. Mr Oliver’s remarks come after the annual CPI fell from 4.9 per cent to 4.3 per cent in November. “It’s hard to believe that after such a massive rise in i...

Australian shares slipped on Wednesday even as fresh inflation figures undershot expectations.

AMP Chief Economist Shane Oliver says annual inflation data for December could possibly fall “as low as 3.3 per cent”. His remarks come after the annual rate of inflation fell to its lowest level in two years. The annual CPI fell to 4.3 per cent from 4.9 per cent in November. “The likeliho...