Jason Scott News
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Australia’s record-low interest rates are having a weaker impact on the housing industry than has historically been the case, as consumers shy away from taking on more debt, Treasury said.
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Australian Prime Minister Julia Gillard’s Labor party slumped again behind Tony Abbott’s Liberal-National coalition in an opinion poll that indicates a change of government in the Sept. 14 election.
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Advocates for an Australian republic need to start convincing people now that someone locally-born should replace Queen Elizabeth II as head of state, Deputy Prime Minister Wayne Swan said.
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Former Australian Prime Minister Kevin Rudd has put his five-bedroom house in Canberra up for sale with an asking price of A$2.25 million ($2.18 million) after abandoning any aspirations to again lead the country.
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Laws designed to make Australian political funding more transparent have been scrapped after a voter backlash against the changes that would have given a A$60 million ($58 million) boost to parties.
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Australia’s Labor government struck a deal with the opposition coalition to amend political party funding laws, agreeing to a new threshold for disclosure of donations to move long-stalled legislation through parliament.
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Australian Prime Minister Julia Gillard, accustomed to prevailing against the political odds, has history stacked against her quest for re-election.
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Australia’s government is wooing voters with increased infrastructure, health and education spending while charting a path to a budget surplus as it seeks to restore economic credibility four months before an election.
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Australian Prime Minister Julia Gillard’s government announced plans to upgrade infrastructure as it boosts health and education spending, in a budget seeking to woo back voters while restoring economic credibility four months before an election.
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Australia more than halved its projection for carbon prices in the year starting July 2015 to A$12.10 ($12) a metric ton as the European Union, its planned partner in a cap-and-trade system, struggles with low prices.
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