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Showing 151 - 160 of 2469 results for "Budget"

Government makes record commitment to Medicare

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
Handing down the Federal Budget, Treasurer Jim Chalmers said the government is reducing all prescriptions available through the pharmaceutical benefits scheme (PBS), as well as investing a "record" $7.9 billion in Medicare to lift bulk billing rates. ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... will also not be able to exploit loopholes that block staff from joining competitors. Announced as part of the Federal Budget for the impact it's expected to have on wages, non-compete clauses will be banned where they "have no justification and drag ...

What to expect in the 2025 Federal Budget

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers will present the 2025 Federal Budget tonight, with years' worth of deficits expected to be revealed as well as ongoing cost-of-living relief. The ongoing cost-of-living relief is expected to take front and centre, especially as ...

Tariffs not the only inflationary risk: Colchester

MATTHEW WAI  |  WEDNESDAY, 19 MAR 2025
... horizon on when the specific technology will come into play remains uncertain, he said. Additionally in the US, the enormous budget deficit remains a critical issue. However, Simpson highlighted the gap between the US and Australia on health spending ...

Fixing retirement system an election priority: Grattan

JAMIE WILLIAMSON  |  MONDAY, 17 MAR 2025
... to further curb "overly generous" superannuation tax breaks, with better targeted concessions which would save today's budget $10 billion a year and more in future. They currently total $52 billion a year or 2% of GDP, with two-thirds of the benefits ...

Deficit to reach $26bn: Deloitte

KARREN VERGARA  |  MONDAY, 17 MAR 2025
The federal government's pre-election budget is expected to unveil an underlying cash deficit of $26.1 billion for the 2025 financial year, while revenues will deteriorate by $11.3 billion over four years, a new report from Deloitte shows. The deficit ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... government has released draft legislation to mandate payday super, a policy that was first flagged in the 2023-24 Federal Budget. The draft legislation stipulates that from 1 July 2026, employers must pay their employees' superannuation at the same ...

Australia must focus on 'friend-shoring': UNSW

ELIZA BAVIN  |  THURSDAY, 13 MAR 2025
... the nation going forward was also restoring fiscal sustainability as budgetary pressures are expected to grow. "Future budget surpluses are at the whim of iron ore prices and reliant on bracket creep," it said. "Restoring fiscal sustainability via a ...

Cost to maintain comfortable retirement increases

MATTHEW WAI  |  WEDNESDAY, 12 MAR 2025
... are a slight drop from six months prior in the same category for singles ($52,085) and couples ($73,337). Meanwhile, the budget for a modest retirement remains "basically unchanged". The higher costs for domestic holidays and vehicle insurance added ...

NZ council seeks investment manager partner

KARREN VERGARA  |  WEDNESDAY, 12 MAR 2025
... an organisation in delivering services of a similar scale and scope to the quality standards required on time and within budget". The council's total portfolio comprises leasehold property (NZ$103m), development land (NZ$50m), shareholding in Hawkes ...