Labor leader Bill Shorten has backed down from his ‘captain’s call’ to roll back company tax cuts for businesses with turnovers between $10 million and $50 million a year, after a leadership meeting today.
The state government is aiming to decide the future of the TAB by the end of this year, following today's release of a Treasury paper warning that failure to sell the state’s betting agency could create a major risk for the longevity of the local racing industry.
The state government will partially privatise title registry agency Landgate in a move expected to raise at least $640 million, with the money to be used to fund the state's share of the National Redress Scheme for child abuse victims.
Stavely Minerals, Prodigy Gold, Chalice Gold Mines and St George Mining are among the Western Australian miners that will share in $31 million allocated through the federal government’s Junior Minerals Exploration Incentive announced today.
A greater proportion of Western Australian taxpayers are likely to benefit from immediate changes to tax thresholds passed through parliament yesterday than other states, according to Business News analysis of Australian Taxation Office data.
Nearly three in four taxpayers will pay a marginal tax rate of 32.5 per cent from 2025, with the government’s plan to flatten the income tax system approved by the Senate today, despite moves to lower company tax still stalled.
Western Australia’s population growth remains subdued, with the state recording a 0.8 per cent increase for the 12 months to December, according to the latest data from the Australian Bureau of Statistics.
Western Australians still have higher median incomes than those in other states despite recent softening, according to data released today, with Ashburton and Peppermint Grove the nation’s top local government areas by the measure.