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Showing 111 - 120 of 225 results for "Treasurer Jim Chalmers"

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones announced new mandatory minimum service standards for all large APRA-regulated superannuation funds. Chalmers said the reforms will improve member outcomes and how funds engage with their ...

Chalmers' claims on super tax are 'misleading': SMSFA

MATTHEW WAI  |  FRIDAY, 24 JAN 2025
The SMSF Association (SMSFA) says Treasurer Jim Chalmers' claims that the $3 million superannuation tax followed extensive consultation are misleading, accusing the Treasurer of making several ambiguous statements in defence of the tax. SMSFA chief ...

Government to streamline financial reporting

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
Treasurer Jim Chalmers has announced the release of a consultation paper to gather insights and feedback on how to restructure Australia's financial reporting architecture with the aim to make it more efficient, effective, and fit for purpose. Chalmers ...

ANZ, Macquarie bring forward rate cut expectations

ELIZA BAVIN  |  MONDAY, 13 JAN 2025
... the Reserve Bank of Australia's (RBA) target range of 2-3%. Similarly optimistic about the figures was Treasurer Jim Chalmers. Speaking at a press conference after the figures were released, Chalmers put out a positive sentiment, though stopped short ...

Chalmers boasts inflation data, experts divided

ELIZA BAVIN  |  THURSDAY, 9 JAN 2025
... Australia's (RBA) target range of 2-3%. Speaking at a press conference after the inflation figures were released, Treasurer Jim Chalmers put out a positive sentiment, pointing to the significant decrease in inflation growth since 2022. "When we came ...

New tool will streamline regulation: Chalmers

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... government has released a new tool with the aim to streamline and coordinate regulation in the financial sector. Treasurer Jim Chalmers said the tool will help build a more competitive, dynamic and productive economy. "We want to make it simpler and ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... will be $6000 better off in retirement just through receiving fortnightly super contributions. Notably, Treasurer Jim Chalmers has also announced that the government will also introduce legislation to recalibrate penalty and charges, incentivising employers ...

The productivity bubble has burst: Productivity Commission

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... living standards over time," he said. "... policymakers need to keep productivity front-of-mind," he said. Treasurer Jim Chalmers recently commissioned a series of Productivity Commission inquiries into how to boost productivity across five key areas ...

Treasury flags $23bn in CGT benefits

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... with above median income, and about 82% of the benefit was received by people in the top income decile." Treasurer Jim Chalmers added that the government has a "substantial agenda" when it comes to tax reform - including enacting the $3 million superannuation ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
Treasurer Jim Chalmers has called his government's mid-year economic fiscal outlook (MYEFO) a "responsible set of books" despite major budget deficits likely to continue for a decade. The MYEFO forecasted a budget deficit of $26.9 billion for 2024-25 ...