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Showing 11 - 20 of 78 results for "Coalition Government"

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
... products in the performance tests. The bill will now be considered by the Senate mid-June. In the Senate, the coalition government holds 36 of the total 76 seats, while Labor has just 26. A bill needs 30 votes to pass or 38 to block. Greens, who sided ...

Senator remains firm on FASEA extension

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
... bill was necessary so that these companies were not allowed to engage in aggressive tax minimisation. "The Coalition Government opposed the amendment, despite Senator Hume not being able to give any policy reason for doing so," Patrick said in the email. ...

Government ignored ASIC over LIC carve-out

HARRISON WORLEY  |  MONDAY, 6 JAN 2020
... week under a freedom of information request made by The Australian Financial Review, ASIC pleaded with the Coalition government not to expand the stamping fee carve-out in the FoFA laws in late 2013. The expansion of the carve-out was designed to allow ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living ...

Super, life risk face election test

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
... past 18 months than in the last five years thanks to the constant changes in super policy. This year, the Coalition Government also announced Australians aged 65 or 66 years who don't meet the work test would be able to make voluntary contributions to ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... and companies exhausting most of their GFC tax losses, has enabled Prime Minister Scott Morrison and his coalition government to easily absorb this year's 6.6% outlays increase. This increase in outlays is about double the rate of increase experienced ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... default insurance for accounts less than $6000 did not go through, following a deal between the Greens and the Coalition Government. Two recommendations from the Royal Commission's final report also passed: introducing civil penalties for superannuation ...

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
... promise for neobanks who hope to make the transition towards their full bank licence in 2019 and beyond. "The Coalition Government has introduced a number of reforms to reduce barriers for innovative new entrants into the banking sector," Frydenberg ...

Kell resigns from ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
... ASIC and has also served on the Australian Government Financial Literacy Board since its establishment. "The Coalition Government thanks Mr Kell for his contribution to ASIC and wishes him well in his future endeavours," Frydenberg said. Kell's resignation ...

Chief economist update: Italy and Spain an emerging ECB problem

BENJAMIN ONG  |  MONDAY, 28 MAY 2018
... 2.53% - the highest level since 2014 - on concerns over the formation (or not) of a eurosceptic and populist coalition government led by Giuseppe Conte. In Spain, the prospect of early elections - on calls for votes of no-confidence in Prime Minister ...