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Showing 321 - 330 of 1757 results for "Budget 2015-16"

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has retained the low-and-middle income tax offset (LMITO) for another year and introduced a tax cut for small to medium businesses in the 2021/22 budget in a bid to create more jobs and support business investment. Low-and middle-income ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Just about everyone is a winner in this year's federal budget, with treasurer Josh Frydenberg extending tax cuts, significant measures to enhance women's economic security and a $15 billion infrastructure spend. Delivering the 2021/22 federal ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
Individuals locked into legacy retirement products will now have the chance to transfer into newer, more flexible products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The recovery of the Australian economy from COVID-19 has improved the budget position from initial projections, with a significantly lower than expected unemployment rate. The unemployment rate currently sits at 5.6%, which is lower than pre-pandemic ...

Key Treasury initiatives outlined

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Buried deep within budget documents are several steps the government will take to further boost our financial system, including greater powers for regulators and $11.2 million to enhance super fund member outcomes. While far from the headline measures ...

Infrastructure investment builds to $170bn

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
The government has announced a $110 billion infrastructure project pipeline to help fuel the post COVID-19 economic stimulus, and it's not just concrete and steel. Billed as one of the budget's cornerstone commitments, the government will spend an extra ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
After the shock of the Early Release of Superannuation scheme's COVID-19 amendment, the superannuation sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
The aged care sector is set for a major boost to address problems raised in the Royal Commission and prepare for the coming wave of aging retirees. Aged care expenditure will increase 7% during 2021-22 to $24.3 billion and by 37% over the next four ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... super as savings for retirement. But ASFA and Industry Super Australia are still hoping for more good news in tonight's budget - they want the government to address the gender gap in super by instituting the superannuation guarantee on parental leave. ...

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
The price of iron ore continues to heat up. It broke above the all-time high of US$191.70 a tonne recorded more than 10 years ago (February 2011) on 6 May 2021 and is currently fetching 215.48/tonne. This represents a 31.4% increase from end-2020's ...