Australian Economy

To date, the Morrison Government has refused to permanently lift Australia’s JobSeeker unemployment subsidy from its poverty level of $40 a day because it claims that doing so would act as a disincentive for people to look for work.

According to the ABS’ Provisional Mortality Statistics, winter deaths fell below average due to COVID-19 social distancing restrictions: 92,015 doctor certified deaths occurred before 25 August.

The South Australian Government has announced an overhaul of its hotel quarantine system after systemic failures led to an outbreak numbering 29 cases: South Australia has announced urgent plans to overhaul its medi-hotel system, amid a coronavirus cluster that emerged from Peppers Waymouth Hotel in Adelaide.

Last week the Morrison Government signed the giant secret trade deal called the Regional Comprehensive Economic Partnership (RCEP).

The Victorian Government yesterday released its 2020-21 State Budget, which will see the Government embark on a massive stimulus program in a bid to support 200,000 jobs within 18 months and 400,000 by 2025.

Today, QLD Premier Annastacia Palaszczuk announced that she would open the border to all of NSW and VIC on 1 December, provided both state record zero local COVID-19 infections tomorrow: It’s been 28 days since New South Wales had an unlinked case.

Victoria has recorded a 24th consecutive day with no new COVID-19 cases, and the state now has no active cases for the first time since February.

Astonishing details have emerged about the hotel quarantine worker at the centre of South Australia’s COVID-19 outbreak and hard lockdown: At least 20 detectives are investigating the Adelaide pizza shop where an employee on a temporary graduate visa lied to contact tracers, plunging South Australia into the hardest lockdown in the country.

The Victorian Government has followed the example of the South Australia Government and announced the imposition of an electric vehicle (EV) road tax from July next year.

The Melbourne Institute’s latest Household, Income and Labour Dynamics in Australia (HILDA) report has been released, which shows that the nation’s average household assets increased by 64% to $1.37 million between 2002 and 2018.

Via Markit: Latest PMI data showed the expansion in the Australian private sector economy strengthened midway through the fourth quarter as containment measures were eased further.