NEWS & VIEWS
CALENDAR OF EVENTS
Tuesday, Sept 6
RBA interest rate decision
Wednesday, Sept 7
GDP growth rate
Thursday, Sept 8
Balance of trade
Tuesday, Sept 13
Westpac consumer confidence
Wednesday, Sept 14
NAB business confidence
Thursday, Sept 15
Unemployment rate
THE BUZZ
When rates go high, the results hit low
The tax office’s latest statistics, based on the returns of almost 15 million Australians for 2019-20, are a useful tool when it comes to comparing where we sit against our fellow Aussies.
Doctors continue to dominate the highest average incomes. Surgeons rank number one at $406,068, followed by anaesthetists ($388,814) and internal medicine specialists ($310,848).
In contrast, the average taxable income was $63,882, up just 2.1% on the previous tax year (men were paid on average $74,559 versus $52,798 for women). And at the other end of the spectrum, hospitality workers, who are often younger and work in part-time or casual jobs, represented occupations with the lowest incomes.
