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Showing 341 - 350 of 678 results for "expenditure"

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 ...

Retirees should draw on home equity: Productivity Commission

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
... retirement income. Commissioner Karen Chester said when faced with lower incomes, older Australians are more likely to cut expenditure than draw down on their wealth and it is "a surprising tale of precautionary saving." A commission initiated survey ...

Aged care conundrum for superannuation

DARREN SNYDER  |  THURSDAY, 26 NOV 2015
... interaction between super, aged care and health care. The paper 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 are ...

Sovereign wealth funds banking on Aussie innovation

DARREN SNYDER  |  FRIDAY, 20 NOV 2015
... capital amounts 0.01% of GDP, yet venture capital backed firms account for 10% of all business research and development expenditure in Australia.

ASIC revenue and investigations decrease in 2015

ALEX BURKE  |  MONDAY, 2 NOV 2015
... this is due to a proportional decrease in government revenue as well as "a general reduction in staff and supplier expenditure." At the same time, the report cited an 8% increase in fees and charges raised for the Commonwealth compared to the previous ...

Property funds acquire Sydney, Perth property

LAURA MILLAN  |  FRIDAY, 16 OCT 2015
... the Lyon Group. Folkeston will be required to commit further funds in FY17 and FY18 to fund its share of development expenditure and settlements. At the same time, Investec Australia Property Fund has made public a $26 million acquisition in one of Perth's ...

Tax conversation in a bubble

DARREN SNYDER  |  THURSDAY, 8 OCT 2015
... put, our tax system doesn't bring in enough revenue to pay for all of the services the government provides and with expenditure on areas like health, education, aged care and the National Disability Insurance Scheme (NDIS) all expected to increase quickly ...