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Showing 331 - 340 of 1514 results for "Save"

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... 2024," MYEFO stated. As such, to Titus Maccius Plautus' quote, "You must spend money to make money", we must add, "to save money", or in the MYEFO Budget revision... to spend less money. "The underlying cash balance is now expected to be a deficit ...

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... conditions began to improve. The ABS said household deposits increased a record $63.7 billion as households continued to save at elevated levels during the September quarter. Continuing government income support packages such as JobKeeper, economic support ...

ASIC unveils school banking program review

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
School banking programs are marketed as a force for good in the community, targeting vulnerable customers in young children who don't end up improving their financial management behaviour, ASIC's two-year review found. After engaging nearly ...

How far are we from a trillion-dollar super fund?

KANIKA SOOD  |  FRIDAY, 11 DEC 2020
... have reduced by 30% over the last 10 years. AustralianSuper's internalisation of investment management has seen members save $200 million alone in the past year," he said. On the administration fee front AustralianSuper has increased the cost even ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... life, for money, for love, knowledge, has marked the upward surge in mankind and greed, you mark my words, will not only save Teldar paper, but that other malfunctioning corporation called the USA. Thank you very much." - Gordon Gekko "Greed is good". ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

Dollarmites faces more backlash

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
... would have trouble keeping track of," she said. "There are penalties if you don't deposit enough, there are penalties if you save too much. Some accounts simply stop existing when you hit high school." RateCity.com.au found CUA's youth saver to earn ...

Land tax favourable over stamp duty: Survey

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... "In an ideal market, you buy when you can afford to and you sell when you want to. Stamp duty forces first-time buyers to save up for longer, and prevents current owners from upselling." Cooke said removing stamp duty may result in a short-term boost ...

SMSF fraudster sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
Craig Gore was sentenced to five years' imprisonment with a non-parole period of two years on six counts of fraud involving $345,000. Gore was initially arrested on 14 April 2017 after being charged with fraud relating to obtaining funds from self-managed ...

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
One in five Australians who received the JobKeeper payment would not have stayed employed this year without it, according to a research paper from the Reserve Bank of Australia (RBA). The Morrison government announced a series of fiscal measures at ...