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Showing 261 - 270 of 1266 results for "Federal government"

Ombudsman demands changes for small business insolvencies

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
... further recommendation was to establish a small business debt hibernation instrument when a state, territory or federal government declares a systemic shock such as a pandemic or significant economic downturn. During the recommended hibernation period ...

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... COVID-supplement payment post-December," Morrison said. The extension of the JobSeeker program will cost the federal government an extra $3.8 billion, bringing the total cost of the program to $16.8 billion. The JobKeeper wage subsidy scheme had been ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
... haste will have spikes buried deeper in their feet"... and deeper it has gone in Victoria. So now we have the Federal government extending its "support measures" - originally envisaged to be in effect for six months (from March to September) extended ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... employment are not counted as unemployed by the ABS. On the same day the unemployment data was released, the federal government announced its JobTrainer package. The package will support small and medium sized businesses in employing apprentices and ...

Chief economist update: We're all Victorians now

BENJAMIN ONG  |  FRIDAY, 10 JUL 2020
... tourism operators who can no longer work on Melbourne-based visitors for holidays" (news.com.au). The Australian Federal government is also expected implement spending measures in aid of Victoria. For as Prime Minister Scott Morrison declared, "We're ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... the states traditionally receive the GST revenue, in this instance the bill for the cut should be paid by the federal government," he said. "It's the federal government that is responsible for managing the national economy. State budgets, already hard ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... coronavirus outbreak shortly after the World Health Organisation (WHO) declared it a pandemic in mid-March as the Federal government imposed stricter social distancing measures. The words enunciated by other world leaders may have been different, and ...

Perpetual wins government fund mandate

KANIKA SOOD  |  WEDNESDAY, 1 JUL 2020
A new fund from the federal government has appointed a Perpetual subsidiary as its trustee while a consortium of global managers has won the investment management mandate. The Emerging Markets Impact Investment Fund (EMIIF) will invest in small to medium ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... what stimulus they can to support the economic recovery, and should avoid premature fiscal tightening, the federal government will need to fund the lion's share of any stimulus," the report said. "Such spending would not impair the federal budget in ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
... scenario" - compared with -7.3% (single-hit) and -8.4% (double-hit) for the US. But it's not luck, it's the Federal Government and the Reserve Bank of Australia's (RBA) early and pro-active intervention policies. The coronavirus pandemic ...