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Showing 161 - 170 of 4000 results for "Cut"

Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Treasurer Jim Chalmers is remaining steadfast that the Labor government will legislate the 30% tax rate on superannuation balances over $3 million. "We've made that clear that we haven't changed our policy. We announced that policy more than ...

US, China trade truce 'welcome' news for Australia: Chalmers

ELIZA BAVIN  |  TUESDAY, 13 MAY 2025
... trade tensions for a 90-day period. The move will see US tariffs on Chinese imports drop from 145% to 30%, while China will cut duties on American goods from 125% to 10%. While welcome news for investors, Treasurer Jim Chalmers said he is not "getting ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
Daniel Mulino is the new minister for financial services and assistant treasurer. Mulino was named in the position by Prime Minister Anthony Albanese yesterday. He brings a great deal of relevant experience to the portfolio. With an extensive background ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
... Financial Outcomes (DBFO) reforms and implement a standardised fee consent form; instigate a financial services "razor-gang" to cut red tape; and support new entrants to the financial advice profession "Fixing the CSLR in particular, fixing the funding ...

Fed holds rates, but RBA still poised for a cut

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
... even if they are expected to be transient." Miller added that "sticky" inflation has robbed the Fed of the flexibility to cut rates quickly, however Federal Reserve chair Jerome Powell still asserted that the US economy is holding up relatively well ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... delivering effective DBFO reforms and implement a standardised fee consent form, instigating a financial services razor-gang to cut red tape and supporting new entrants to the financial advice profession. Abood said that delivering on those priorities ...

Wealth managers' recovery looks promising: Research

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... ecosystem mindset" but forecasts that lower bank volumes and more expensive deposit funding mix will drive a -6% FY25 earnings cut. For Insignia, analysts believe there is longer-term potential for a turnaround as the firm seeks to establish a profitable ...

Coalition's super on PPL plan 'deeply worrying'

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
... working women and their families. In addition to the change to super, the Coalition's costings also contain a $556 million cut to Commonwealth Prac Payments - stripping away cost-of-living support for those studying to become teachers, nurses, midwives ...

Work from home saves employees $5308

ELIZA BAVIN  |  WEDNESDAY, 30 APR 2025
Australians who have worked from home since the COVID-19 pandemic have cut their commutes by around three hours a week, equivalent to a time saving worth an estimated $5308 a year based on average wages, new research by the Committee for Economic Development ...

Inflation figures point to May rate cut

ELIZA BAVIN  |  WEDNESDAY, 30 APR 2025
... inflation rate since the December 2021 quarter. Saxo chief investment strategist Charu Chanana said while a May interest rate cut is still widely expected from the Reserve Bank of Australia (RBA), the inflation problem remains. "Australia's inflation ...