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Search ResultsShowing 11 - 20 of 100+ results for "Federal Government"
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 ...
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
... 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 far. ...
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 ...
COVID-19 sparks renewed fight for commissions
ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... business owners and their mostly women employees and their families," AIOFP said in the submission. "Unless the Federal Government extends concessions to the advice industry like they have done to other sectors, small business and consumers will significantly ...
Pandemic response concerns overblown
HARRISON WORLEY  |  FRIDAY, 3 APR 2020
... According to Richardson, while the numbers involved in Australia's response are high - $213 billion between the Federal government's three rounds of stimulus so far announced - they don't condemn younger Australians to a "lifetime of higher taxes and ...
Opportunities and threats amid COVID-19 crisis
ALLY SELBY  |  THURSDAY, 2 APR 2020
... somewhat defensive during the crisis, he argued. "With COVID-19 being declared a biosecurity threat by the federal government under the Biosecurity Act 2015 , virtually all Business Interruption (BI) policies written by Australian listed insurers, as ...
Super funds asked to model early release impact
KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...
ATO to verify early release requests
ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has confirmed the Australian Taxation Office will be responsible for verifying early release super requests. Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ...
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