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Restaurants charge new fee; How to save tax before June 30

You could see an unexpected fee from your restaurant soon. (Images: AAP, Getty)

Good morning, and here’s what you need to know.

Markets: Wall St was up overnight but Australian shares are expected to open lower on Wednesday morning because of reports Donald Trump is considering ramping up economic sanctions against China.

SPI200 futures was down 1.08 per cent at 8am AEST, forecasting a negative start to trade for the Australian market.

The Australian dollar was buying 65.65 US cents 7am AEST, slightly down on Thursday's closing price of 65.71 US cents.

Some restaurants that have survived the lockdown and are reopening are charging a new fee. We explain what this is and how you can avoid it.

No one likes to pay more tax than they need to. So here's what investors can do before June 30 to reduce their tax bill for the current financial year.

Australia will be 220,000 people short this year. The coronavirus-induced border closures will hammer immigration numbers – and this is bad news for everyone as more people are always required to grow the economy and to offset an aging population.

eToro just started $0 commission US share trading for Australians. The trading platform joins local startup Stake in offering this, allowing ordinary Aussies to buy a piece of Apple, Amazon, Facebook or even Warren Buffet's Berkshire Hathaway.

"We're going to give it a go", says head of Australian Council of Trade Unions Sally McManus. This is in response to the prime minister's invitation to employer and employee groups to come up with industrial relations reforms to revive Australia in the post-virus world.

Have a great day, everyone.

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