Federal Opposition leader Bill Shorten claimed Prime Minister Malcolm Turnbull announced a tax cut for millionaires, and tax hike for working Australians in the 2018 budget. But his claim is over the top.

In the 2017 federal budget, the Government announced a levy on Australia's big banks, estimated to raise $6.2 billion over four years. Such levies, the Government claims, are common among developed countries.

Labor's education spokeswoman Tanya Plibersek says $22 billion worth of cuts to school funding over the next 10 years means the cuts would affect schools in the country and the city, including those in battling postcodes.

Declared donations and payments to Australian political parties are about to top $1 billion, a new analysis of data shows. But the true figure could be triple that because donations under $13,200 do not have to be declared. The current funding and disclosure scheme has been in place since the 1984 election, but the electoral...

It was an ambitious and controversial trade pact that would have covered nearly 40% of the global economy and solidified US leadership in the Asia-Pacific. But Donald Trump's victory in the United States' presidential election has likely killed off the Trans-Pacific Partnership (TPP), which the Turnbull Government promised would deliver valuable new markets for Australian...