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Showing 321 - 330 of 664 results for "expenditure"

Industry bodies attack SG freeze speculation

MARK SMITH  |  FRIDAY, 5 FEB 2016
... would not only reduce retirement incomes of the majority of older Australians, but also lead to increased government expenditure on the Age Pension in the near future. Currently, the SG is scheduled to increase from 9.5% to 10% in 2021, and then incrementally ...

Treasury revises cost of super tax concessions

DARREN SNYDER  |  TUESDAY, 2 FEB 2016
... billion a year," Vamos said. ASFA said with the current legislated settings for the Superannuation Guarantee (SG), expenditure on the Age Pension is projected to reach 3.6% of GDP in 2054/55. In the absence of superannuation savings, expenditure on the ...

Ageing Australia will impact budget for next decade

DARREN SNYDER  |  FRIDAY, 29 JAN 2016
... services, here and overseas," Vamos said. ASFA's research in the area says that by 2055, Australian government Aged Care expenditure is projected to rise from 0.9% of GDP in 2014-15 to 1.7% of GDP in 2054-55. Health care costs funded by the government ...

FSC calls for 22% company tax

MARK SMITH  |  MONDAY, 18 JAN 2016
... means there is no more easy money for Canberra. Australia's ageing population demands that our governments restrain expenditure. Ending bracket creep will drive better fiscal accountability. Indexing the tax thresholds also prevents compensation given ...

Minimum withdrawal rates act as default: CSIRO

DARREN SNYDER  |  MONDAY, 18 JAN 2016
... retirees are currently holding at retirement or death is far below the amount required for a comfortable level of expenditure."

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
... previous change to enable fairer assessment of a person's need for income support," the spokesman said. "At a time when expenditure on the age pension was projected to rise from $39.5 billion in 2013-2014 to $72.3 billion in 2023-2024 without any changes ...

MYEFO writes down billions in super fund taxes

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
... to $10.5 billion in 2018-19. Announcing the MYEFO, Morrison said the government's plan is to "responsibly restrain expenditure while supporting economic growth to lift revenues." "Despite revenue write downs of almost $34 billion caused by falling commodity ...

No change to super tax subsidy measure

ALEX DUNNIN  |  FRIDAY, 4 DEC 2015
Superannuation lobby groups have failed to convince a parliamentary inquiry that the Tax Expenditures Statement misrepresents the cost of superannuation subsidies. The House of Representatives Standing Committee on Tax and Revenue has just issued its ...

Fairy tales may come true

BENJAMIN ONG  |  THURSDAY, 3 DEC 2015
... now. In fact, they have already happened in the third quarter. Business investment has "collapsed". Total new capital expenditure dropped by 9.2% in the September quarter - down a staggering 20% from last year - following a "downwardly revised 4.4% decline ...

Seniors react to Commission's retirement housing idea

DARREN SNYDER  |  WEDNESDAY, 2 DEC 2015
... equity stored in family homes to defray ageing costs. "The paper is not primarily concerned with reducing government expenditure on age related services although that is likely to be an outcome," Nance said. "The recommended policy changes aim to remove ...