Australia’s treasurer Joe Hockey said fuel excise would not affect the poor because they “don’t have cars or actually drive very far”. Photograph: Mark Graham/Bloomberg

Australia’s capital Canberra has had its first snow of the year, the city is waking up to sub-zero temperatures and parliament is in its last sitting (...)

Australia’s treasurer, Joe Hockey. From July 1st, 2016, those on working-holiday visas will be taxed at 32.5 per cent from the first dollar they earn. Photograph: Lukas coch/EPA

Australia, which has been steadily falling in popularity as a destination for young Irish people since 2012, might just have taxed itself out of th(...)

Google is among 30 multinationals to be investigated for alleged tax avoidance. Its Australian subsidiary has denied any evasion.

The Australian government announced a world-leading crackdown on Monday on alleged tax avoidance by 30 multinational companies that will likely force (...)

Downtown Sydney: while the IMF is concerned the housing market in Australia is overheating, experts point to the ‘natural rise in capital city property’. Photograph: Saeed Khan/AFP/Getty Images

Australia’s unemployment level is at a 12-year high (though at 6.4 per cent it’s still far lower than in most developed countries), its interest rate (...)

An employee walks past a stacker as it loads crushed iron ore at a processing facility in the Solomon mining hub in Western Australia. The mining industry, along with mining-related activities,  accounts for about 20 per cent of Australian GDP, and 10 per cent of employment. Photograph: Sergio Dionisio/Bloomberg

Australia’s economic growth unexpectedly slowed last quarter as sliding export prices took a heavy toll on national income, and the outlook is even da(...)

Australian treasurer Joe Hockey speaks to the media at the close of the G20 Finance Ministers and Central Bank Governors meetings today. Photograph:   Lisa Maree Williams/Getty Images

The world’s top economies agreed today to develop stricter rules on cross-border taxation to close loopholes that have allowed multinationals s(...)

International Monetary Fund managing director Christine Lagarde  chats with Britain’s chancellor of the exchequer George Osbourne (right) and Australia’s treasurer Joe Hockey before the G20 Finance Ministers and Central Bank Governors round table meeting in Sydney today. Photograph: William West/Pool/Reuters

The world’s top economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central ban(...)

 The unexpected rejection of ADM’s A$2.2 billion takeover of GrainCorp was the first time a US company has been blocked from buying assets in that country. Photograph: Daniel Acker/Bloomberg

Archer-Daniels-Midland’s failure to win Australian approval to buy GrainCorp opens the door for share buybacks, bigger dividends or other acquisitions(...)

US Treasury secretary Jack Lew and Federal Reserve chairman Ben Bernanke assured their G20 counterparts at a dinner last night that a resolution would be reached to avoid a debt crisis. Photograph: Michael Nagle/Bloomberg

Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a US default at talks today as hopes grew (...)

Opposition leader Tony Abbott addresses the media as his daughter Francis Abbott looks on at the Rosella factory yesterday in Dandenong, Australia. Photograph: Lisa Maree Williams/Getty Images

The Liberal-National coalition, which looks set to win a landslide victory in tomorrow’s Australian election, has been sharply criticised by the Unite(...)