Super payments turn 30 with a boost from employer contributions to 10.5%
About 7 million workers will benefit from a boost to their super nest egg as employers stack up another 0.5% this month as the super guarantee rate increases to 10.5%, another step on the way to 12% super. From 1 July 2022 an extra $312 a year will flow into the super accounts of the […]
CBA first to respond to the Reserve Bank of Australia’s cash rate increase
The Commonwealth Bank of Australia (CBA) has advised in light of the Reserve Bank of Australia’s (RBA) cash rate decision on 3 May 2022, CBA will increase home loan variable interest rates by 0.25% p.a. And while the CBA has become the first major bank to pass on the rate rise, all four big banks […]
CPI in March 2022 quarter shows highest year-on-year food price inflation in more than 10 years
The quarterly Consumer Price Index data from the Australian Bureau of Statistics, released today, shows food price inflation accelerated in the March 2022 quarter, with food prices recording the highest year-on-year rise in more than 10 years. And consumers should be bracing for further food price rises in coming months, as the impacts of higher […]
Future Drought Fund: Round two of grants to build community drought resilience
Regional communities across Australia will share in $3.1 million for 60 projects that will help prepare for drought under the Federal Government’s Future Drought Fund Networks to Build Drought Resilience program. The 60 grants have been awarded across Australia and range from $10,000 to $150,000 to support community projects to build local drought resilience. The […]
AGCO Agriculture Foundation donates $100,000 to Ukraine emergency relief
The AGCO Agriculture Foundation (AAF), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development has announced a $100,000 donation to the World Food Program USA (WFPUSA). The donation will support the United Nations World Food Programme (WFP) emergency relief efforts to provide food assistance for families affected by the conflict inside Ukraine […]
Roma shopfront supporting drought resilience in southern Queensland
A new drought resilience shopfront in Roma will support farmers and communities in southern Queensland to prepare for and respond to drought. The Roma node of the Southern Queensland and Northern New South Wales Drought Resilience Adoption and Innovation Hub will support drought resilience and agricultural productivity in the region. The hub brings together researchers, […]
Japanese encephalitis virus has been detected in eastern Australia
Japanese encephalitis virus (JEV) has been confirmed in pigs in Victoria, New South Wales, Queensland, and South Australia. There have been confirmed cases in humans. The virus had been detected in a number of piggeries across eastern Australia. JE is a mosquito-borne viral disease that can cause reproductive losses and encephalitis in some animals. The […]
Salvation Army served over 12,000 meals in flood-affected regions
The Salvation Army has released $1 million immediately from its Red Shield Appeal funds in support of communities along the east coast of Australia. As damaging weather ravages the east coast of Australia and thousands of Aussies have become displaced from their homes, The Salvation Army continues to evacuation centres across NSW and Queensland, already […]
Future Drought Fund: $29 million to deliver innovation in drought resilience
Innovative projects to prepare for the impacts of drought will share in $29 million funding through the Australian Government’s $5 billion Future Drought Fund (FDF). Minister for Agriculture and Northern Australia David Littleproud said the applications for the Drought Resilience Innovation Grants program demonstrated strong interest in harnessing innovation to better prepare for periods of […]
Farm produce together with fisheries and forestry reaches a record $86.8 billion
For the first time, the gross value of agricultural production, including fisheries and forestry, is forecast to be a record-breaking $86.8 billion. And the value of our exports is expected to be a record $64 billion for 2021-22. Finally, the season has have been with us, and primary producers and growers have responded. It is expected […]