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Showing 281 - 290 of 1264 results for "Federal Government"

Unemployment already over 15%: Roy Morgan

KANIKA SOOD  |  MONDAY, 4 MAY 2020
... underemployment recorded by Roy Morgan is an improvement the 27.4% it recorded in last two weeks of March, before the Federal Government announced its JobKeeper package. However, Roy Morgan's April unemployment numbers is still much higher than the latest ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... retirement balances were hit by the volatility in financial markets. This was followed by enquiries about the federal government's JobSeeker payment and JobKeeper wage subsidy. AMP technical strategy manager John Perri said the government was making ...

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
... even after allowing for the extraordinary support to families and businesses that has been rolled out by the federal government," Richardson said. "The pain of lost incomes isn't equally distributed. Not surprisingly, the deeper the lockdown impacts ...

AustralianSuper pays out $320m

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
AustralianSuper has already paid out close to $320 million to members under the early release scheme as it readies to release a further $330 million. The super fund said it has received requests from about 85,000 members so far, representing about $650 ...

Calls for super funds, government to collaborate on energy security

KANIKA SOOD  |  THURSDAY, 23 APR 2020
The federal government on Wednesday took advantage of the low oil prices to establish Australia's first sovereign energy reserve, and superannuation funds can help, according to an expert. Energy minister Angus Taylor said the government will buy ...

Members begin to turn on industry funds

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... the concern for industry funds and retail funds in particular is about how many Australians will take up the federal government's $20,000 super fund withdrawal option over the next six months," Levine said. "Industry funds based on employees in hospitality ...

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... are also in line for contractions in their respective economies. While the Reserve Bank of Australia and the Federal government's stimulus measures would help limit the negative flow-on impact on the Australian economy - as they did during the GFC - ...

Australia's AAA rating at risk

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
... the government's fiscal headroom at the 'AAA' rating level." The ratings change comes after the federal government announced a $320 billion stimulus package, representing 16.4% of GDP. "The government is acting decisively in the national ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
... back, the RBA didn't have to plead its fiscal counterpart for a helping hand. Mighty Mo is on the ball. The federal government had been spending... big time - $17.6 billion on 12 March; $66.1 billion on 22 March; and, $130 billion on 30 March - so ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... "We're not simply deferring fees for six months - we're waiving 50% of the fees altogether. With the Federal Government now granting early access to super for those affected by COVID-19, we thought it was important to balance this with an initiative ...