Posted in Economic

Why Does the Australian Dollar Move Up and Down? If you’ve ever travelled overseas, invested internationally, or even filled up your car, you’ve already been affected by the value of the Australian dollar (AUD)—often without realising it. But what actually causes the AUD to rise and fall? Let’s break it down in simple terms. What Is the Value of the AUD? The value of the AUD is simply how much it’s worth compared to other currencies—most commonly the ...

Understanding CPI: Why Inflation Isn’t Just One Number What is CPI? The Consumer Price Index (CPI) is a measure of how the cost of everyday goods and services changes over time. Think of it as a “basket” that includes things like: Groceries Fuel Rent and housing Insurance Healthcare Entertainment When the cost of this basket rises, we call that inflation. Why There Are Different CPI Measures You’ll often hear different versions o...

Why Energy Prices Matter More Than You Think When we hear about rising fuel prices or conflict in the Middle East, it can feel distant from our day-to-day lives. But in reality, changes in energy prices can have a much bigger impact on your finances than you might expect. Let’s break it down in simple terms. Energy Is in Almost Everything You Buy Most people think of energy as just petrol or electricity bills. But energy is actually built into almost everything we consume. For exa...

The federal government's JobMaker Hiring Credit stimulus package is to be available to eligible employers over 12 months from 7 October, 2020. Employers can receive up to $10,400 per new employee that has been hired to fill a new position. The key point to remember is that the position must be new, and is not applicable if the employer hires a new employee to fill an existing position in the business. Eligible employees aged 16-29 years will receive $200 per week. Eligible emplo...

Base rates of pay to increase by 3.5% The Fair Work Commission has announced an increase to minimum wages after their 2018 Annual Wage Review.  The increase applies to base rates of pay and will start on 1 July 2018. The new national minimum wage will increase to $719.20 per week (or $18.93 per hour). What to do next: Make sure your employee's details are current; Make sure your employee's are classified in their correct level of exeperience, acco...