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Showing 11 - 20 of 4000 results for "Cut"

Budget boosts fuel security, misses clean energy opportunities

KARREN VERGARA | THURSDAY, 14 MAY 2026

... executive director of policy Frankie Muskovic said this budget presents some very mixed messages to investors. The $1 billion cut to Australia's disaster readiness, no funding for the National Adaptation Plan and the $2 billion slashed from programs ...

Structural reforms necessary despite global shocks: Chalmers

RIDDHIMA TALWANI | THURSDAY, 14 MAY 2026

... security also became a much bigger part of the story. "The way we thought about cost-of-living help changed when the fuel tax cut became necessary, and we had to find almost $3 billion to fund it," he said. "Some good ideas were delayed for more work ...

Investors the biggest losers in 2026 Budget

KARREN VERGARA | WEDNESDAY, 13 MAY 2026

... harder," Waterhouse added. Experts in financial services, such as financial advisers and accountants, will have their work cut out, scrambling to help clients get their affairs in order prior to several changes slated for mid-2027. Telford warns that ...

Government pushes for investment risk taking

RIDDHIMA TALWANI | TUESDAY, 12 MAY 2026

... expense deductions. This will deliver 6.2 million workers an average tax benefit of $205 for 2026/27. "This will help workers cut back on paperwork and save them time and money at tax time. The ATO estimates the measure will collectively save individuals ...

Minimum 30% tax for discretionary trusts

KARREN VERGARA | TUESDAY, 12 MAY 2026

Discretionary trusts have been slapped with a 30% minimum tax amid a slew of "fairer tax arrangements" reforms in the 2026-27 Budget to address intergenerational inequity. From 1 July 2028, Treasurer Jim Chalmers proposes to introduce the new tax that ...

Magellan confirms job losses

ELIZA BAVIN | THURSDAY, 7 MAY 2026

Magellan has confirmed "a number of roles" will be impacted after it outsourced its global equities strategy earlier this week. The Magellan Global Fund - Open Class Units - Active ETF (ASX: MGOC) and the Magellan Global Fund Hedged investment strategy ...

RBA hikes rates, suggests more to come

ELIZA BAVIN | WEDNESDAY, 6 MAY 2026

The Reserve Bank of Australia (RBA) hiked interest rates by 0.25% at the May meeting, bringing the official cash rate to 4.35%. This hike has now fully reversed the 75bps of cuts delivered last year and the cash rate is now in-line with its peak during ...

FEATURE: Fixed income | Adjusting the lens

PENNY PRYOR | TUESDAY, 5 MAY 2026

... inflation, but we see the disconnect between the market pricing in some chance of a hike and our expectation for the Fed to cut in 2026. Higher oil prices have more of a disinflationary pulse than inflationary," he says. Shock and awe The bigger question ...

Future Fund gains nearly $2bn in March quarter despite market volatility

MATTHEW WAI | TUESDAY, 5 MAY 2026

... the Future Fund," Arndt said. It follows the group's recent review of its staffing levels and expenditure, in an aim to cut costs by $10 to $15 million in the next financial year. The fund saw three members of the investment team depart in March ...

Unpaid super costs workers $24.4bn: SMC

VINNY VUCAGO | MONDAY, 4 MAY 2026

... supporting employers adjusting to the new system. SMC chief executive Misha Schubert said unpaid super acts as a "silent pay cut" that compounds over time. "This is money Australians have earned but never been paid - and it's leaving millions significantly ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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