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Showing 151 - 160 of 2253 results for %22Budget 2020%22

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
The government has blamed its predecessor for inheriting a budget burdened by $1 trillion in gross debt and deficits projected for at least the next decade. Consequently, new fiscal policies have largely been offset for this year and the next. "We face ...

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... his hands, the first being gas prices and the other the National Disability Insurance Scheme. In delivering the Federal Budget last night, Treasurer Jim Chalmers said the government is investing $40.9 million in increased oversight of gas markets by ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... legacy measures. These include the 2013-14 MYEFO measure that proposed to amend the debt/equity tax rules; the 2016-17 Budget measure that proposed changing the taxation of financial arrangements (TOFA) rules; and proposed changes to the taxation of ...

Plans afoot to narrow gender pay gap

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... gap, including requiring the Fair Work Commission to consider gender equity when formulating minimum wages. According to Budget documents, this year marks the first that the government has used gender responsive budgeting, trialling the use of gender ...

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
Access to affordable housing is at the core of the Federal Budget, including a new national Housing Accord struck between the government, institutional investors, and industry to help tackle the growing issue. Under the Housing Accord, one million new ...

Government to boost paid parental leave

JAMIE WILLIAMSON  |  MONDAY, 17 OCT 2022
... leave scheme to six months come 2026. Over the weekend, prime minister Anthony Albanese said the government's October 25 Budget will introduce reforms to improve the systems' flexibility and extend the scheme to 26 weeks. The changes are targeted at ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... Financial Services Council (FSC) research shows that proposed increases to super taxes will not deliver a sustainable Federal Budget position. The FSC engaged DeltaPearl Partners to perform economic modelling of six possible measures adjusting the current ...

US state public pensions fragile: Report

ANDREW MCKEAN  |  TUESDAY, 11 OCT 2022
The volatility and fragility of US pension funds makes clear that state and local retirement systems collectively aren't going to invest their way out of their poor funded status, an Equable report says. Equable's State of Pensions 2022 report says ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
Financial stability risks have increased as global financial conditions continue to tighten, according to the Reserve Bank of Australia's Financial Stability Review. The RBA cited a further tightening of financial conditions, an increase of debt-servicing ...

FPA seeks broader scope for CSLR

CHLOE WALKER  |  MONDAY, 10 OCT 2022
In its pre-budget submission, the Financial Planning Association of Australia (FPA) has called on the federal government to broaden its proposed compensation scheme of last resort (CSLR) and to extend the ASIC levy freeze for advisers for another year. ...