So every household regardless of what the the person is worth gets 300 bucks. So your millionaire and billionaires will receive not just 300, but 300 x what ever amount of holiday homes they have.
What a joke.

The Reserve Bank released its updated forecasts less than a week ago
Now Treasury’s matching forecasts for inflation have been released
Reports indicate Treasury sees inflation falling rather faster than the RBA does
Whereas the RBA forecast headline CPI growth of 3.8% to June 2024, Treasury has 3½%. And where the RBA has 3.2% over the year to June 2025, Treasury has 2¾%
That’s a cumulative gap of ¾% in price levels
What happened in the week between these tw...

In brief, although the revenue write-up is smaller than those of the past couple of years, it’s still big bucks.
But there’s a catch – two of them.
Both mean that, although the government has money and families need money, that’s not a match made in heaven.
The immediate problem is inflation. That’s hanging around a bit more than the Reserve Bank forecast, so markets now don’t expect a rate cut from the RBA until a year from now – after the...

For this month at least. I still believe we will see another rate rise this year.

Justin Arzadon, head of digital assets for Sydney-based BetaShares, noted that inflows in the US “prove digital assets are here to stay,” and added the firm has secured ASX tickers for both spot Bitcoin and spot Ether ETFs.