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Showing 211 - 220 of 353 results for "Levy"

Housing is cooling

BENJAMIN ONG  |  TUESDAY, 16 MAY 2017
... depreciation and expenses that could be claimed against rental properties. Included in the Budget is a $6.2 billion bank levy that the big four banks - ANZ, CBA, NAB, WBC - say they would pass onto their depositors, which certainly could come in the ...

Advice associations respond to Federal Budget

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2017
... Gori said. Finally, the FPA warned against the cost of the new Australian Financial Complaints Authority, saying the new levy funding it may place additional cost pressures on consumers. "As a result of tonight's announcement, the FPA encourages planners ...

Federal Budget is a Ginger Spice

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
... had the popularity of a bunch of lead balloons," Breckon added. He saw the industry as being less positive about the bank levy and the fact that foreign residents will now pay more in capital gains tax withholding.

Another Budget, another promised surplus

BENJAMIN ONG  |  WEDNESDAY, 10 MAY 2017
... will be achieved through expected higher tax receipts - "as a result of policy decisions including increasing the Medicare levy, introducing a major bank levy, improving the integrity of GST on property transactions and introducing a Skilling Australians ...

Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
... stop banks and financial advisers ripping off thousands of customers, Labor noted. It will however, support the major banks levy despite disagreeing with the Coalition downplaying the need for a banking Royal Commission. Chalmers added there is no substitute ...

What the 2017 Budget means for you

DARREN SNYDER  |  TUESDAY, 9 MAY 2017
... are also provisions for newer entrants into the banking industry. The major banks will be slugged $6.2 billion via a new levy to level the playing field for the banking sector. The government said this represents a fair additional contribution from our ...

Budget for the wealthy: Labor

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... cuts for people making $1 million a year, he said, and cut funding for schools (including TAFE) and Medicare. The Medicare levy will increase on 1 July 2017 from 2% to 2.5% to fund the National Disability Insurance Scheme. Also starting July 1, Medicare ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
The major banks will be slugged $6.2 billion via a new levy to level the playing field for the banking sector. "This represents a fair additional contribution from our major banks and will assist with budget repair by at least $1.5 billion per year," ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... information resources, tools and guidance. The proposed funding will be partially offset by a $12 million increase in the statutory levy amount paid by entities regulated by ASIC. An additional $4.3 million over four years has been allocated to develop ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... by 2020-21 and a range of new levies that are expected to raise $17 billion over the next four years ranging from the bank levy, increases to the Medicare levy, the Skilled Australians levy and new restrictions on deductions available to housing investors. ...