Tag: Nick McKim

Government Let Gas Companies Lead the Way on Changes to Petroleum Tax: Greens

Greens Treasury spokesperson Senator Nick McKim and Senator Dorinda Cox have alleged that the federal government is letting the gas industry lead the way on its proposed changes to the Petroleum Resource Rent Tax (PRRT), accusing the government of simply appeasing the gas industry. PRRT is a profits-based tax that only taxes profits of petroleum…


Reserve Bank of Australia Governor Hints at An End to Aggressive Rate Hikes

The governor of Australian central bank, the Reserve Bank of Australia (RBA), has signalled that it might stop raising interest rates aggressively and adopt a more gradual approach. This comes after the central bank lifted the official cash rate for the fifth consecutive time in 2022 on Sept. 6, taking it to 2.35 percent from…