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Money & Work
Money & Work on InSnip: the economy, cost of living, jobs, tax and business. Source-backed Australian news snippets you read in under a minute.
Today in Money & Work 1 Tank Stream Labs opens Brisbane workspace hub Startup Daily · 9h ago 2 Closed Warrnambool livestock site gets new commercial tenant The Standard · 11h ago 3 KPMG audit triggers $160m slash in Metrics funds Thenightly · 12h ago
Tank Stream Labs opens Brisbane workspace hub
Tank Stream Labs opens its Brisbane office at 215 Adelaide Street. The coworking operator is owned by ASX-listed Scalare Partners.
Closed Warrnambool livestock site gets new commercial tenant
ACE Training has leased Warrnambool saleyards temporarily. The closed site will support heavy vehicle training.
KPMG audit triggers $160m slash in Metrics funds
KPMG's delayed audit prompted $160m in value cuts across three Metrics funds.
Richard Hammond's car company fined for failing to identify driver
Hammond's restoration company was fined. It pleaded guilty to failing to provide driver identification information to authorities.
Brisbane founder launches one-stop gluten-free dining platform
Brisbane founder Lucinda Kittel built Elios Table to help more than 3 million Australians find safe gluten-free restaurants.
BYD pushes into fleet sales as it expands Australian network
BYD is pushing fleet sales from 20 per cent toward 30 per cent as it expands dealerships to 200 by 2027.
Budget deficit comes in $6b smaller than forecast
The 2025-26 deficit hit $22.3b, $6b better than predicted, thanks to extra tax revenue from income and superannuation.
Diesel could stay expensive for five years even if crude oil falls
Economist Saul Eslake warns the gap between crude oil and refined fuel prices could keep diesel expensive for three to five years, even if crude falls back to US$60-70 a barrel.
Startup investors face CGT trap if business pivots away from innovation
The Ai Group warns the expanded CGT concession still exposes investors to 30% tax if startups pivot away from innovation.
Dickson's population booms 50 per cent as new shops and light rail transform
Dickson's population surged over 50 per cent in five years as apartments, shops, and a light rail stop transformed the suburb.
Northern Star rejects $38.7 billion takeover bid from Gold Fields
Australia's biggest gold miner Northern Star rejected a $38.7 billion takeover offer from South Africa's Gold Fields as too low and opportunistic.
Age pension will shrink but stay safe, Treasury says
Australia's age pension is fundamentally secure despite fewer seniors receiving full payments as superannuation grows.
GWM targets 1500 ute sales a month to crack Australia's top five
GWM Australia must sell 1500 utes monthly by mid-to-late 2027 to crack the top five.
Dean Street Albury gets Japanese stationery store as lolly shop owner returns
Tara Caulfield reopened her old Dean Street store with Paper Mochi Albury, stocking Japanese and Korean products.
Forrestania Resources completes 24 gold acquisitions in WA consolidation drive
Since David Geraghty became chair in July 2025, Forrestania Resources has announced 24 acquisitions across Western Australia's goldfields region.
Australian farm supply chains still vulnerable despite government action
A defence force leader warned farmers that supply chain gaps from the Iran war remain unsolved.
Coalition proposes automatic fuel tax cut during price spikes
Opposition proposes automatic 27 cent per litre fuel tax cut when crude oil exceeds $US100 a barrel.
Agencies spend $4.9 billion on outsourcing in final budget month
Five federal agencies spent $4.92 billion on outsourcing in June 2026 under use-it-or-lose-it rules.
Greensteel plans 600,000-tonne mill in historic Newcastle building
More than 200 workers will be employed. They will produce steel to supply housing, transport and energy sectors locally.
Aged care provider repays $1.39m to 335 underpaid workers
Goodwin Aged Care repaid $1.39 million to 335 underpaid staff, most from non-English-speaking backgrounds and some on visas.
Why millennial mothers say they can't do modern parenthood
Australian families spend $36,500 a year raising two children, while wages grew slower over 20 years.
Tamarama beachfront plummets $9 million in forced property sale
An oceanfront Tamarama property was worth $29.2 million in 2022. It resold for $20.25 million in a mortgagee-in-possession sale.
RBA set to hike cash rate to 4.6%, highest since November 2011
The RBA is almost universally expected to raise the cash rate to 4.6 per cent on Tuesday.
Weatherlake returns to Albury roots to buy Dean Street food store
Linda Weatherlake and Chris Davis bought the Albury specialty food store Season To Taste, a homecoming for Weatherlake after years in Melbourne.
$35 billion flowed from Australia in migrant remittances during 2024
Migrants in Australia sent $35 billion overseas in 2024. Nearly $7 billion went to India. This sparked debate about the economic impact.
Leapmotor B03 cleared for Australian market
The Leapmotor B03 has won government approval to sell in Australia with two motor options and pricing expected below rivals.
Mitsubishi plans new compact and small SUVs under Pajero name
Mitsubishi's CEO announced the brand will expand the iconic Pajero nameplate. It will now include compact and small SUV models.
Australian banks raise credit card fees after surcharge ban
Banks including BankSA are raising credit card annual fees sharply after the government abolished merchant surcharges on card payments.
Former Trivett owner sells Bellevue Hill home for about $31m
Greg Duncan sold his Bellevue Hill home for about $31 million.
Rate hike would lock homebuyers out of 101 Australian suburbs
An RBA rate hike would reduce a typical homebuyer's borrowing power by about $20,000, eliminating access to 101 suburbs across Australia.
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