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Showing 311 - 320 of 757 results for "Corona"

Super reform should happen, but not now: Grattan

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
The Grattan Institute has warned that now is not the time to enact sweeping reforms as the nation battles the economic effects of the COVID-19 pandemic. Chief executive of the Grattan Institute John Daley said policy priorities need to reflect the new ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
The Australian Taxation Office's website crashed on the first day of the new financial year as Australians rushed to lodge tax returns and apply for the new round of ERS. The ATO said it was aware that a number of Australians trying to access its website ...

Chief economist update: The All Ords' ups, downs and ups

BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2020
It seemed so long ago and far away now but it was only a year ago that the All Ordinaries index broke above its all-time high recorded in 2007 before climbing to a new peak in February this year. The mood was good: The US and China have reached a trade ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
US Federal Reserve chair Jerome Powell has painted an optimistic picture of developments in the US economy while at the same time warning of extraordinary uncertainty. "As the economy reopens, incoming data are beginning to reflect a resumption of economic ...

Rest names chief investment officer

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
A former Morningstar investment lead has been appointed inaugural chief investment officer of the $54 billion industry superannuation fund. Rest has named Andrew Lill as chief investment officer, joining from Morningstar Investment Management where ...

ERS figures hit $17 billion

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The latest round of APRA data has revealed that $17.1 billion in early release of super (ERS) applications have now been paid. Billions are being withdrawn each week, despite COVID-19 restrictions easing in most Australian states. Last week $15.9 billion ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Australia will have to inject up to $90 billion of additional fiscal stimulus over the next two years if it wants to return the economy to full employment, a new report from Grattan Institute says. The $70 billion to $90 billion required accounts for ...

Former BMO head joins big four executive line-up

ALLY SELBY  |  MONDAY, 29 JUN 2020
A former business banking head at the Bank of Montreal will relocate to Australia, after he nabbed a role as the group executive of business and private banking at one of the country's big four banks. Andrew Irvine has been appointed in the role at ...

CBA donates $2m to community charities

ALLY SELBY  |  MONDAY, 29 JUN 2020
Commonwealth Bank will donate more than $2 million to community organisations across the country, with the bank's employees nominating local community charities desperate for a financial boost. It's a first in the program's 100-year history, with CBA ...

Chief economist update: This rebound is brought to you by the letter V

BENJAMIN ONG  |  MONDAY, 29 JUN 2020
The gradual easing of restrictions has unfrozen social and business activity in almost every nation that decided to do so. Central banks and governments can flood the system with all the money they have, or can print, but with consumers not allowed ...