jIt became official on Wednesday. The Australian economy is in recession for the first time in nearly three decades.
And the drop in economic activity is unprecedented. GDP fell 7% in the June quarter. The previous biggest post-War fall in Australia was 2% in June 1974.
But Treasurer Josh Frydenberg noted that in March he was told the June quarter...
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The Goods and Services Tax (GST) is one of the most important revenue streams for Australian gov...