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Showing 141 - 150 of 844 results for %22Federal Budget%22

Frydenberg bets on infrastructure for recovery

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... nation's ageing infrastructure and ultimately create more jobs to stabilise the flailing economy, according to the Treasurer. Federal Treasurer Josh Frydenberg is hoping the infrastructure spent on roads, rail and bridges will lead to more jobs and ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... independent panel on July 24 but still hasn't been published wider. The retirement income covenant, announced in the federal budget two years ago, was delayed from a 1 July 2020 start date to 1 July 2022. "[This is] to allow continued consultation ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... pensioners and other eligible recipients. Social security and welfare was predicted to make up 33.9% of the total Federal budget. Assistance for people with disabilities was the second largest social security expense at $56 billion. Expenditure on the ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
The Morrison government has handed down the 2020 federal budget, confirming Australia's largest ever deficit and announcing major changes to superannuation. As was largely anticipated, Treasurer Josh Frydenberg has revealed a record deficit of more ...

Tax concessions, infrastructure in focus for budget

ELIZA BAVIN  |  FRIDAY, 2 OCT 2020
The Prime Minister has given an indication of what will be revealed in next week's federal budget with a focus on tax cuts and increased infrastructure spending. Prime Minister Scott Morrison gave the insight during his National Press Club address ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... to 0.1%, and its three-year bond target and Term Funding Facility (TFF) to below 0.25%. October 6 is also the day when Federal Treasurer Josh Frydenberg is expected to announce a growth boosting budget that includes bringing forward income tax cuts ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
Federal Treasurer Josh Frydenberg said the medium-term effects of COVID-19 have made it necessary to recalibrate the government's fiscal strategy ahead of the budget release. Frydenberg said the government will continue to offer strong economic support ...

Chief economist update: October rate cut?

BENJAMIN ONG  |  THURSDAY, 24 SEP 2020
... likely to be, as we saw in March, a Team Australia moment where the Reserve Bank is directly supporting a bold Federal Budget..." "The prospect of the RBA "sitting back" to assess the Budget, which has been seen as the "norm" in previous years is not ...

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... public markets at the Australian Catholic Superannuation and Retirement Fund, says the super fund is not waiting on the federal government to help its members solve the financial risks they face at retirement. Five years ago, ACSRF built RetireSmart ...

Industry funds pledge $33bn for economy

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... $19.5 billion in CAPEX will create over 200,000 jobs between 2020 and 2023. ISA added that investments save the Federal budget $2.7 billion through higher tax receipts, lower pension payments and lower interest costs alone. The report expands on an earlier ...