Insights

SA senator-elect Bob Day is set to play a surprisingly large role in government affairs, and his vision for middle-class Australia will clash with the proposals outlined in the Commission of Audit.

Bob Day's speech to the Tax Institute of Australia

New data predicts China's economy will overtake the US in purchasing power parity by the end of the year. But there is a vast difference between quantity and quality.

Wall Street turned a blind eye to solid manufacturing and spending numbers as investors await key jobs data.

Many of America's working poor borrow from non-mainstream sources to get by. As Australia gears up for potentially dramatic cuts, the broader economic drawbacks of financial exclusion can't be ignored.

The commission's ideas go beyond ending the 'age of entitlement' to paint a dry-as-dust world most Australians would not want. They're not an excuse to ditch pre-election tax promises.

Government assets could be shopped around if the Commission of Audit recommendations take hold, while a wave of IPOs hit and miss with investors.

The scale of Australia's public debt comes under heavy scrutiny in the Commission of Audit's report, which suggests that government spending is out of control. The evidence indicates otherwise.

HSU secretary has tried to justify using union members' money to support campaigns of allies.

Labor Left leader believes party reform can help make Tony Abbott a one-term PM.

Mirvac mulls acquisitions after offloading seven properties to Blackstone and reaffirming guidance.

Liquor giant has acquired its first US winery in a move the company says will accelerate sales of labels.

ASX-listed firm makes first international acquisition in seven years with $2m buy in Ireland.

Few investment bankers expect some of the most high-profile assets identified for sale by the National Commission of Audit -- Snowy Hydro and Australian Post -- will be sold off.

IT industry set for a windfall with the Commission of Audit strongly urging a complete overhaul of Centrelink's ageing payments system.

Internet giant's Australian arm hit with a $7.1 million tax bill in the 2013 financial year, just 15 per cent of its $46.5 million in pre-tax profit.