Politics & the Economy

Wyatt cautious on bank tax

Treasurer Ben Wyatt has all but ruled out the introduction of a bank tax in the September budget but has kept the option open for a future decision, while the industry has called on the state government to protect Western Australia’s economic growth by not bringing in the levy.

Inflation rate cools in June quarter

Australia's inflation rate has cooled in the June quarter, dragging the annual headline rate below the central bank's target in the 2 to 3 per cent range.

More IPOs, less raised

About a quarter of ASX floats in the six months to June were undertaken by Western Australian companies, but the total amount raised is falling according to a new report.

Fracking moratorium hit to under-pressure gas plays

SPECIAL REPORT: Ongoing uncertainty over state government policy and a lengthy approvals process are muddying the waters for local energy hopefuls.

Rising dollar guards petrol pump: CommSec

A rising Australian dollar should protect motorists against any nasty surprises at the pump, according to the latest research by CommSec.

WA economy lags nation, again

Western Australia has achieved the unwanted title of Australia's worst performed economy for a fourth consecutive quarter.

CSR closes Perth factory

Building products company CSR has closed its Jandakot glass factory resulting in the loss of 58 jobs, though growth by competitors including Walshs Glass and Tough Glass will mitigate the impact.

Steele-John to replace Ludlam in Senate

The 22-year-old disability advocate set to fill the Greens seat left vacant by Scott Ludlam has vowed to smash stereotypes and represent the interests of the young and disabled in federal parliament.

Signs of growth in WA economy

There are signs of recovery in the local economy, with employment and sales activity numbers showing improved performance in June and a major report predicting further recovery next year.

Foster to head Premier's department

Darren Foster has been formally confirmed as director general of the Department of the Premier and Cabinet, making him arguably the state's most powerful public servant, in a move forshadowed by Business News in March.

PM labels Labor GST document 'waffle'

Prime Minister Malcolm Turnbull has dismissed as "complete and utter waffle" Western Australian federal Labor MPs' submission to an inquiry into the GST.

Citizenship rules claim another Greens senator

Greens co-deputy leader Larissa Waters has resigned from the Senate after revealing she holds dual citizenship, just days after Scott Ludlam left federal parliament for the same reason.

WA biggest winner from Inpex project

Tokyo-based Inpex’s Ichthys LNG project will provide a $34 billion boost to incomes in Western Australia across the period to 2050, and generate about $73 billion of tax revenue, according to an economic impact report by Acil Allen Consulting released today.

Greens senator quits federal parliament

Greens senator Scott Ludlam is leaving federal parliament after finding out he was improperly elected more than a decade ago.

Libs need to mend some fences

OPINION: The ball is in Malcolm Turnbull’s court if the Liberals want to shore up seats in WA.

WA Police 'in the trenches' in pay dispute

The state government has warned police the public expects them to do their job, as new industrial action started, including officers issuing cautions for minor offences instead of fines.

Discounts grow in gas battle on AGL entry

Sydney-based AGL made its long-awaited entry to the Perth gas market this week, with price cuts and a range of customer incentives underpinning the company’s offering as the sector’s newest player in the domestic gas sector.

WA new car sales end FY17 on a downer

End-of-financial-year specials failed to maintain May's positive tone on new car sales for Western Australia, with numbers for June down 5.5 per cent as the financial year ended with a whimper.

State funds for Geraldton co-working space

The state government has awarded Geraldton-based social enterprise Pollinators $110,000 in grants to promote startup initiatives in the region.

Nahan expects Barnett to retire this year

State opposition leader Mike Nahan expects former premier Colin Barnett to retire from politics this year but believes he first wants to ensure his legacy is not trashed.