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Showing 1131 - 1140 of 1928 results for "Treasurer"

SG freeze to hit young and low income earners hardest

JAMES FERNYHOUGH  |  WEDNESDAY, 3 SEP 2014
The government's decision to hold off raising the superannuation guarantee will cost young people tens of thousands of dollars in retirement savings, according to figures released by Industry Super Australia. A 25-year-old on $40,000 a year will miss ...

SG frozen till 2021, industry 'dismayed'

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... package of reforms contained in the Minerals Resource Rent Tax Repeal and Other Measures Bill 2014. In a joint statement, Treasurer Joe Hockey and Finance Minister Mathias Cormann said the measure would save the budget around $50 billion over the next ...

Govt seeks discretion to freeze super guarantee

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
The Treasurer may soon have discretionary power to further delay the rise of the superannuation guarantee to 12%, following the passage of legislation in the lower house yesterday. The legislation was part of a large suite of amendments labelled the ...

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
There is no evidence to suggest Australians abuse their right to withdraw superannuation as a lump sum, Shadow Treasurer Chris Bowen has said. Addressing delegates at the Financial Services Council conference, the former treasurer said forcing consumers ...

Future Fund posts 13.9 pct return

STAFF WRITER WITH AAP  |  MONDAY, 4 AUG 2014
... 3.5% the Future Fund delivered more than twice that with a return of 7.2% pa. Future Fund chairman and former federal treasurer, Peter Costello, said the investment climate in the early days of the fund was challenging and returns were below target. ...

FEATURE: Guiding the way to aged care

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
... area is set to become more important. "The policies must be changed, either now or more dramatically in the future," Treasurer Joe Hockey said in April. Today, aged care is the eight largest part of government expenditure. "To put it in the simplest ...

In the throes of change

MICHELLE BALTAZAR  |  TUESDAY, 29 JUL 2014
... both sides of politics to articulate their agenda, with the Minister for Finance, Senator Mathias Corman and Shadow Treasurer Chris Bowen MP both speaking at the conference. With regulation front of mind for an advocacy organisation, one panel session ...

Most super boards have no independent trustees

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... trustees are independent. However, the consultation process was initiated by Arthur Sinodinos when he was Assistant Treasurer. Since he stood aside there has been no progress on this issue. The fact that 30% of super funds have no intention of appointing ...

Senate saves the LISC

JAMES FERNYHOUGH  |  MONDAY, 21 JUL 2014
... super accounts of working mums, many of whom are already behind on saving for retirement." However, in a joint release Treasurer Joe Hockey and Finance Minister Mathias Cormann said the move was unsustainable, claiming the three measures would cost $8.5 ...

Governments are 'out of money': Hockey

AAP, PETER TRUTE  |  FRIDAY, 18 JUL 2014
Treasurer Joe Hockey says governments are out of money and can only fund vital infrastructure with funds from the private sector. Hockey told the B20 summit of business leaders in Sydney that infrastructure is a key part of meeting a two per cent increase ...