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Showing 301 - 310 of 1276 results for "Federal government"

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 ...

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 ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
I would have described him as 'super', but I've already used that moniker in reference to former European Central Bank (ECB) president Marion Draghi when he did "whatever it took" to save the splintering of the single currency region from ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
Australians who take out $20,000 from their superannuation due to the COVID-19 economic slowdown will sacrifice nearly $79,000 from their retirement nest eggs, according to new Rainmaker modelling. Rainmaker modelled after-fee, after-tax superannuation ...

FASEA exam to go online

HARRISON WORLEY  |  THURSDAY, 19 MAR 2020
... advise April FASEA candidates of their options. "FASEA continues to receive and act upon the advice of the Federal Government Health Department and to monitor updates from relevant Australian and international health agencies," FASEA said. FASEA said ...