Rising prices and return to work lift consumer spending in June but higher interest rates making an impact
Consumer spending measured by the CommBank HSI Index rose by a modest 0.9 per cent in June to 117.3%, while there was clear evidence of weaker discretionary spending following the recent interest rate hikes. The marginal rise in the index – which combines Commonwealth Bank of Australia (CBA) payments and lending data and Google Trends […]
Nationals Leader and Shadow Minister for Agriculture says Labor must act now on catastrophic FMD threat
The Albanese Labor Government must urgently implement stronger measures to protect Australia against the catastrophic threat of foot and mouth disease (FMD) according to The Nationals Leader and Shadow Minister for Agriculture, the Hon David Littleproud MP. Mr Littleproud accused the Labor Government of being indecisive in its approach to the introduction of critical biosecurity […]
Prepare for borrowing rates cracking through 10% in a new economy being set
It’s a whole new ball game for interest rate charges and while farm loans are still to take their place in this new economy, the interest rate position of banks is clear as CBA announces new interest rates for home loans. CBA has responded today to the Reserve Bank of Australia (RBA) increasing the cash […]
H2Gro claims it will become Australia’s first industrial scale producer of green fertiliser
H2Gro has launched today with ambitions to develop Australia’s green fertiliser industry and expects to have a commercially operating production facility by Q4 2023. The company was formed after seeing the impact of the global shortage in fertilisers which has led to subsequent price increases and is threatening the supply chain for Australian farmers. “To combat […]
Nationals’ leader says the Agricultural Visa would help us feed the world
The Leader of the Nationals, David Littleproud said the Agricultural Visa would go a long way to help Australia feed the world, if only the Labor Government would listen to farmers and not their union masters and reversed the decision to scrap it. Mr Littleproud was reacting to reports the Prime Minister will tell the […]
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 […]
Farmfest holds a rural auction fundraiser to support flood victims
Following widespread flooding in Southeast Queensland and Northern NSW, Lloyds Auctions has joined forces with ACM Rural Events to host an onsite auction at the annual FarmFest event in Toowoomba to raise much needed funds for Rural Aid. The live auction will take place at FarmFest, organised by ACM Rural Events on Wednesday 8 June at […]
Incoming Albanese Cabinet has a mandate for major public health improvements says PHAA
The PHAA welcomes the appointments of Minister for Health and Aged Care Mark Butler, Assistant Minister for Health and Aged Care Ged Kearney, Minister for Indigenous Australians Linda Burney, Senator Malarndirri McCarthy as Assistant Minister for Indigenous Australians and the Assistant Minister for Indigenous Health, and Assistant Minister for Mental Health and Rural and Regional […]
Barnaby must save Tamworth Climate Change Crop scientists says PSA Secretary
Deputy PM Barnaby Joyce must step in to save a $130 million ground-breaking research project developing climate change resistant crops says the union representing the axed workers. And there is an urgency attached to this call for action as Barnaby Joyce can only guarantee he is in a position of power to intervene before 6pm […]
AWU condemns the wool industry push for cheap overseas labour
The Australian Workers’ Union says this week’s wool industry appeal for Pacific Island workers to be used to fill a supposed worker shortfall is just another attempt to undercut pay and conditions using cheap imported labour. The wool industry claims to have identified a workforce shortage of 500 shearers and 500 shed hands and wants […]