Three months ago there was much optimism about the Australian economic outlook. GDP regained its pre pandemic level, confidence was strong, the jobs market was roaring, there was minimal community coronavirus & vaccines were providing optimism of a more sustained reopening.

Much of the recent focus among the economist fraternity has been on Australia’s economic performance during the September quarter, and whether an expected contraction will extend into the December quarter.

KPMG is proposing a plan that would enable a parent returning to work to catch up on their “lost” superannuation while they have been looking after the children.

Despite lots of worries – around the resurgence of coronavirus driven by the Delta variant, peak growth, peak monetary and fiscal stimulus and high inflation – global and Australian shares are around record levels.

Nearly half of Australia’s accounting fraternity are worried about the state of the economy over the next three months and are only fractionally less concerned on their six-month view.

The current environment seems to be one of extreme uncertainty. We have seen a strong economic recovery from last year’s global and Australian recessions – but there are worries about the resurgence of coronavirus driven by the Delta variant, peak growth, peak monetary and fiscal stimulus, high inflation, and high debt levels.

More than three quarters of Australians believe there should be an unconditional basic income to keep people above the poverty line. A survey conducted by social welfare peak body Anglicare Australia found two in five people of the 1000 polled said it would put them in a more secure financial position.

Researchers are calling for tax breaks on home charging to help businesses to run fleets of electric cars, utes and vans. Zero-emission vehicles in the fleet mix is an area where Australia is lagging behind much of the world, according to research released on Wednesday.

The treasurer was providing a briefing on Treasury’s modelling in conjunction with that of the Doherty Institute, which has set vaccination levels of 70 and 80 per cent to lessen the need for lockdowns and free-up state and international borders.

If you are carrying on an enterprise renting out commercial residential premises, such as a commercial boarding house, you will have different income tax and GST obligations. However, just because you provide services in addition to providing a room (for example, provide breakfast or cleaning services)