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Showing 121 - 130 of 203 results for "Cost of living"

Consumer confidence rises as inflation expectations drop

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
... petrol prices dropped sharply." "We think this explains much of the lift in sentiment, though the focus on relieving cost of living pressures in the Federal Budget may have also played a part. "The fall in petrol prices is likely due to lagged effects ...

Labor promises cheap childcare, climate action

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... investment in renewable energy. Like Treasurer Josh Frydenberg, Albanese focused much of his Budget reply speech on the cost of living. However, unlike the Treasurer, Albanese acknowledged stagnant wage growth as a factor and also acknowledged the impact ...

Federal Budget delivers nothing on climate

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 MAR 2022
... development. The 2022 Federal Budget, handed down last night, delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer ...

Millions to receive tax offset

TOM WATSON  |  TUESDAY, 29 MAR 2022
... this year following an announcement outlined in today's Budget. Billed by the federal government as a 'cost of living tax offset', the reduction will be combined with the existing low and middle income tax offset (LMITO) which applies to ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
... of petrol and groceries to rent and childcare seemingly on the rise, the federal government has sought to target cost of living concerns in its 2022-23 budget with a number of temporary spending measures. For starters, roughly six million eligible pensioners ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
The 2022 Federal Budget delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise ...

Tough news for those already doing it tough

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... shown much sympathy in the new Federal Budget. No payment increases were announced for the unemployed, despite cost of living pressures being felt Australia-wide. JobSeeker indexation occurs on 20 September and 20 March each year, March's indexation ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... matters cannot wait to be rolled out as election promises. Top of mind for voters is likely to be the increased cost of living, especially with petrol prices soaring to well over $2 a litre. Professor of economics at UNSW Business School Richard Holden ...

Accountants lobby for 10 budget reforms

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
... or that receive rental assistance," Grant said. "Many of these people - mostly women - are struggling with the cost of living and are under strained circumstances." Finally, CA ANZ suggests abolishing the Tourist Refund Scheme. "Australia is the only ...

Key Budget measure won't help economy: Academic

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... anything to address long-term structural issues in Australia's economy. A one-off payment to combat the rising cost of living is expected to be announced by Treasurer Josh Frydenberg when he hands down the 2022/23 Federal Budget next Tuesday. While it ...