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Increasing SG will cost 57,000 jobs: ACCI

ALEX DUNNIN  |  THURSDAY, 14 SEP 2006
The Australian Chamber of Commerce and Industry (ACCI) has finally broken its silence regarding all the proposals to increase SG above 9 per cent, saying it will cost tens of thousands of jobs. The ACCI has, however, come out fighting now. "Reckless ...

Fund advertising is essential: Retailers Assoc

The Australian Retailers Association, the employer group that is the principal sponsor of the public offer industry fund REST, has told the Senate Super Inquiry that post-choice super funds have no choice but to advertise. "Advertising is an essential ...

Industry funds save 26 per cent in fees: study

A new study has found that industry funds deliver 26 per cent more in retirement savings than retail master trusts due to lower fees, refueling debate on how super funds deliver value-for-money to their members. Superannuation research firm SuperRatings ...

Real estate a global game: LaSalle

HAMISH MADDEN  |  WEDNESDAY, 13 SEP 2006
Globally is simply the best way to look at your listed real estate allocation, according to LaSalle Investment Management Real Estate Securities. According to managing director, Stanley Kraska, Jr, there are two simple reasons that global listed real ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 13 SEP 2006
The monthly survey of business confidence by NAB fell four points in August to a score of six having apparently peaked in March of this year at 14. The three components of the index were down with the sales index falling one point, the profitability ...

Daily economic round-up

PETER BELL  |  TUESDAY, 12 SEP 2006
Data released yesterday on lending finance up until July showed that housing finance increased 1.3 per cent in seasonally adjusted terms from the level in June. The value of dwelling purchases for rent or re-sale fell by 10.5 per cent on a seasonally ...

Daily economic round-up

PETER BELL  |  MONDAY, 11 SEP 2006
Further analysis of the national accounts data released late last week shows that the textile, clothing and footwear industry expanded by 10 per cent year on year, growing 9.2 per cent during the June quarter compared to an overall seasonally adjusted ...

Daily economic round-up

PETER BELL  |  FRIDAY, 8 SEP 2006
The number of jobs created last month rose by 23,400 in seasonally adjusted terms to take the national number of people employed to 10.2655 million. Better news was that most of the employment gain was in full-time jobs which increased by 22,600 to ...

Daily economic round-up

PETER BELL  |  THURSDAY, 7 SEP 2006
The national accounts released yesterday show that Australia's GDP grew at only 0.3 per cent on a seasonally adjusted basis. The increase in GDP was a consequence of an increase of 0.5 per cent in final consumption expenditure, 0.3 per cent in private ...

Daily economic round-up

PETER BELL  |  TUESDAY, 5 SEP 2006
Figures released yesterday by the Australian Bureau of Statistics showed that the number of dwellings approved during July increased by 8.3 per cent to reach the highest level since May 2005. The result was largely a consequence of a 13.6 per cent increase ...