The Latest Breaking News from Joe Hockey

Opposition Senate leader and former senior minister in the Coalition government Simon Birmingham has announced he will quit parliament. Birmingham, one of the few remaining moderates in the Liberals’ ranks, is shadow foreign minister. Now , aged 50, he’s defecting to a (yet to be announced) commercial job.

Tariffs raise prices much like the GST – and like the GST it hurts people on low and middle incomes the most

All the day’s news as it unfolded

The minds behind the satire reflect on a quarter century of politics and belters

Thirteen years ago at the tax summit called to discuss the Henry Tax Review, David Koch stopped discussion of negative gearing dead in its tracks.

Many have tried to reform Australia’s controversial tax settings and just as many have failed. Largely absent from this week’s frenetic debate: the options actually on the table

Australian businesses could be hurt no matter who wins the US presidency, with flagged economic policies aimed at China potential threats, a former envoy says.

General tells troops the wave of airstrikes is to get ready for ‘your possible entry’; NSW police investigate alleged proposition to woman on waitlist

The hit satirical revue's creators say that 25 years is enough.