The ASX200 made its tenth-straight day of gains despite fresh warnings that Australia's economy may be heading towards a recession. Catch up on the day's events and insights as they happened with our business reporters on the ABC News live markets blog.
Not married or engaged? The ATO says your live-in partner counts as a spouse
Even though you may not have introduced your new partner to all your friends and family — if you live together, the ATO wants you to declare it on your tax return.
Topic:Explainer
Photo shows A young couple embrace happily inside their new home, surrounded by moving boxes.Australian shares follow Wall Street's lead after jobs data calms recession fears — as it happened
A week after US jobs data sent global financial markets into a panic, a strong rally on Wall Street has seen the S&P 500 record its best day since November 2022 — erasing almost all of the losses from earlier this week.
Photo shows A stock market watcher stands in front of an ASX board.RBA officials grilled over cost-of-living crisis, ASX gains after Wall Street rebounds — as it happened
The Australian share market has extended gains following a rebound on Wall Street. Meanwhile, RBA officials have fronted the Senate's cost of living inquiry, a day after it left interest rates on hold.
Photo shows A man and woman, with their baby in a pram, looking at the ASX stock market boards in Sydney.RBA board says no cuts expected in next six months after leaving interest rates on hold — as it happened
The Reserve Bank of Australia has left interest rates on hold at 4.35 per cent in its sixth-straight meeting. Meanwhile, the ASX has closed higher after a global sell-off. See how it all unfolded.
Photo shows The door to the RBA boardroom stands open, with board table and painting in view.ASX experiences its worst day since March 2023 as fears grow about global economy slowing — as it happened
The Australian share market traded sharply lower on Friday after global markets fell overnight, with growing concerns that the global economy is slowing at a faster pace than previously thought. See how the day unfolded on our live blog.
Photo shows A man with white hair, and a black jumper, looking at the ASX stock market boards in Sydney.ASX closes on record high, US Fed signals upcoming rate cut — as it happened
Australia's share market closed on a fresh record high after encouraging inflation data on Wednesday reduced the chances of a rate cut next week, while the Federal Reserve left US interest rates unchanged. Look back on the day's market news.
Photo shows A man looks at a share price board outside the ASX in Sydney.ASX closes higher after inflation rises 3.8 per cent in year to June — as it happened
The ASX closed higher after June-quarter inflation data was in line with most economists' expectations. See how the day's trade unfolded on the blog.
Photo shows A close-up shot of a shopping trolley full of groceries in a supermarket with a woman behind bagging apples.As it happened: Mining and energy stocks push ASX higher
Mining and energy stocks are top performers on the ASX200 today. As it happened.
Photo shows A stock market watcher stands in front of an ASX board.ASX 1.3pc into the red after Wall Street wipe-out led by tech stocks
The ASX lost 1.3 per cent after US markets plunged in their worst day since late 2022. All indices in Asia lost value today. Catch up on the day's events and insights with our business reporters on the ABC News live markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.Didn't keep the receipt? Here's what expenses you can claim without one this tax time
Taxpayers can claim up to $300 for work-related expenses without a receipt as income tax deductions.
Topic:Explainer
Photo shows Two female hands holding receiptsAs everyday people struggle with the cost of living, this group of millionaires is begging to pay more tax
As some company CEOs are receiving a salary more than 50 times higher than the average employee's, even the rich are starting to say it's time to rein in their wealth.
Photo shows A white small plane sits on the tarmac with a red carpet leading to its door.Plug-in hybrid car sales have surged but an expiring tax discount could soon end the party
A tax benefit has allowed Australians to save tens of thousands of dollars when buying plug-in hybrid cars but the motor industry warns that is set to end next year and it could slow sales and undermine emissions reduction efforts.
Expecting a HECS refund? Here's why you'll have to wait for it
The government announced it was changing the HECS indexation rates a few months ago, but the legislation hasn't passed parliament yet.
Topic:Explainer
Photo shows A woman looks at the myTax website on a computer screen, resting her head on her handIf smoking rates have 'flatlined' why are tobacconists 'popping up everywhere'? The maths, it seems, is up in smoke
Australia's tobacco excise is "well past its point of effectiveness", according to one expert, who says it's pushing smokers onto the black market, hurting retailers and taxpayers.
Photo shows Shop front with the sign 'Cignall' in black writing above the doorHow the ATO went from good cop to bad cop to claw back more than $50 billion in debt
The message is clear: the honeymoon period is now over for businesses that were extended during the COVID-19 pandemic, as the ATO works to recoup more than $50 billion in debt.
Photo shows ATO Melbourne office, logo on the wall.As it happened: Unemployment up slightly to 4.1pc in June, ASX closes lower
Unemployment has risen slightly to 4.1 per cent in June, up from 4 per cent the previous month. As it happened.
Photo shows Two women look at a share price board outside the ASX in Sydney.Australian shares hit new record high, Fortescue to axe 700 jobs — as it happened
Australian stocks have ended higher to set a new record, following a rally on Wall Street. Meanwhile, Andrew Forrest's Fortescue announced it would axe 700 jobs by the end of the month — equivalent to 5 per cent of its workforce.
Photo shows Two women look at a share price board outside the ASX in Sydney.Sydney tolls found to be 'too high, too unfair' in new report
A review of Sydney's toll roads has called on the government to lower costs for motorists but impose two-way tolls on harbour crossings.
Photo shows 'Too High, Too Unfair', Sydney Toll Review: Traffic banked up while entering a tunnel.Has Video Duration: 2 minutes 2 seconds.ATO criticised for its 'firmer' action against businesses it says owe billions in tax and super
There have been calls for the ATO to show discretion in its 'firmer' action against businesses it says owe billions in tax and super. Liquidators say the firmer action is pushing insolvencies to GFC levels.
Has Video Duration: 4 minutes 53 seconds.The ATO is cracking down on former company directors in a blitz some say will send them bankrupt
The ATO has issued tens of thousands of director penalty notices that make people personally liable for debts, and is also more commonly using garnishee notices, which allow it to take money directly from a person's bank account or employer. That's sending more businesses under.