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Showing 11 - 20 of 24 results for "Budget position"

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... 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 super ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The recovery of the Australian economy from COVID-19 has improved the budget position from initial projections, with a significantly lower than expected unemployment rate. The unemployment rate currently sits at 5.6%, which is lower than pre-pandemic ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... have an impact on the quality of their life in their retirement, but it will also have an impact on the future budget position of future governments down the track. And that's why this government's ongoing attack on superannuation will be resisted by ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... you can see, the changes to our economy that flow from this COVID recession will have a lasting impact on our budget position, even as our targeted policy support is unwound," he said. "Lower tax receipts and higher spending as a share of the economy ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... in taxation receipts of $31.7 billion in 2019-20 and $63.9 billion in 2020-21, has significantly impacted the budget position." Australia's underlying cash balance is forecast to decrease from balance in 2018-19 to an $85.8 billion deficit in 2019-20 ...

Government bond issuance to fall 20pct

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2017
Australia's slowly improving Budget position should enable the Australian Office of Financial Management (AOFM) to reduce its annual borrowings next financial year by about 20%. According to a statement released by the AOFM today, with two months left ...

Current super objective "un-Australian"

DARREN SNYDER  |  TUESDAY, 27 SEP 2016
ASFA believes it is "un-Australian" for politicians to settle on an inadequate objective for superannuation that restricts its purpose to merely substitute or supplement the age pension. The super fund representative body is urging people to take interest ...

OPINION: Super is Murray's big rock

ANDREW BRAGG  |  WEDNESDAY, 18 NOV 2015
... Firstly, how is it that people are confused about super's purpose? Simply, it is there to protect our long term budget position against increasing health, and pension costs and to provide a better standard of living in retirement than the aged pension. ...

Industry bodies call for Government LISC U-turn

MARK SMITH  |  MONDAY, 25 NOV 2013
... It recommends the Government not repeal the LISC but instead "pause" the policy until 1 July 2017 to allow the budget position to strengthen. ASFA has offered to meet with Treasury to discuss ways in which the LISC could be funded. "ASFA requested the ...

Broken 'contribs law' needs fixing: SPAA

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... contributions tax system should reduce the current tax grab, but Burgess questions its overall impact on the Government's budget position. Jemma Sanderson partner of financial services law firm Cooper Partners said that the legislation can also be particularly ...