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Showing 111 - 120 of 242 results for "Scott Morrison"

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... Supervision Act 1993. The SIS Act already has covenants on insurance and investment. On Budget night, Treasurer Scott Morrison flagged the upcoming release of the retirement covenant paper that opened for consultation yesterday. Future work on legislation ...

Budget measures to drive up super costs

ALEX BURKE  |  MONDAY, 14 MAY 2018
... charged by superannuation funds announced in this year's Budget may have unintended consequences. As per Treasurer Scott Morrison's speech, the Government will introduce a 3% annual cap on passive fees charged by funds on balances below $6000, and ban ...

Infrastructure receives $24.5 billion injection

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
... could create opportunities for infrastructure investors and managers in the future. In his Budget speech, Treasurer Scott Morrison said the $24.5 billion was a part of the $75 billion 10-year rolling infrastructure plan. Key infrastructure investments ...

Morrison sharpens blockchain, AI agenda

KARREN VERGARA  |  WEDNESDAY, 9 MAY 2018
... boost in last night's Budget, a move the Treasurer said will increase competition and create new jobs. Treasurer Scott Morrison said the funding boost will build on its Financial Technology Innovation initiatives first introduced in last year's Budget. ...

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... also be introduced for pooled lifetime income streams. Baby boomers were also a beneficiary from the Budget. Under Scott Morrison's proposed $259 million package, working baby boomers who also receive aged care pensions will now be able to earn up to ...

Personal tax cuts lead the Budget

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
Personal tax cuts were on the top of Treasurer Scott Morrison's five-point list to "strengthen the economy" as he opened his Budget night speech. The Federal Government is proposing middle and lower income earners pay up to $530 less in tax, starting ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
Treasurer Scott Morrison, in his third Commonwealth Budget reports that government receipts rising 8.6% during 2017-18, compared to expenditure rising 4.7%, leaves Australia with an annual deficit of $18.2 billion and on its way to a modest $2.2 billion ...

Budget 2018: Social media reaction

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
No sooner had Treasurer Scott Morrison uttered his first words of the 2018 Budget when social media commentators began having their say. Here's how Twitter reacted. "A stronger economy. More jobs. Guaranteeing essential services. The Government living ...

Baby boomers receive $259 million, pension work bonus lifted

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... before the Government starts to trim their pension payments. The 2018 Budget initiative formed part of Treasurer Scott Morrison's $258.6 million baby boomer package. This is an increase of $50 a week or $1300 a year from the current limit. For the first ...

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... Retirement (CIPRs) - products that provide individuals income for life - no matter how long they live. Treasurer Scott Morrison said a position paper will be released for consultation shortly, outlining its proposed approach to the covenant. From 1 July ...