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Showing 361 - 370 of 2469 results for "Budget"

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... say it is doing its job," he said. Jones explained the concessional taxation of funds like these has a real cost to the Budget and needs to be considered. "Mercer estimates that the tax concessions on a single $10 million SMSF could support 3.1 full ...

MLC Life updates retail insurance product range

CASSANDRA BALDINI  |  MONDAY, 31 OCT 2022
MLC Life Insurance has upgraded its insurance product range to strengthen customer protections. Effective today, the Income Replacement Ratios (IRRs) for both Income Assure and Income Assure+ will be raised for customers with higher incomes so they ...

Government enshrines new rule for Aussie Bitcoin owners

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
In the budget, the federal government introduced new rules for Bitcoin owners, clarifying that digital currencies are not taxed as foreign currency. The government said it will introduce legislation to clarify that digital currencies (such as Bitcoin) ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... total funds under management sits at $241 billion. Meanwhile, as previously reported by Financial Standard, in its maiden budget, the government announced that it's introducing the $10 billion Housing Australia Future Fund to increase housing supply ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
The Labor government has delivered small wins to pensioners in its Budget, but not all will reap the benefits. Treasurer Jim Chalmers has increased pensioners' earnings amount, with the temporary income bank top up to increase from $7800 to $11,800 ...

Chalmers delivers on childcare

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... economy," she said. HESTA has also supported moves to expand the Paid Parental Leave scheme announced before tonight's budget but noted that it remains the only commonly taken form of leave that super is not paid on. "Paying super on paid parental ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
The government has blamed its predecessor for inheriting a budget burdened by $1 trillion in gross debt and deficits projected for at least the next decade. Consequently, new fiscal policies have largely been offset for this year and the next. "We face ...

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... his hands, the first being gas prices and the other the National Disability Insurance Scheme. In delivering the Federal Budget last night, Treasurer Jim Chalmers said the government is investing $40.9 million in increased oversight of gas markets by ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... legacy measures. These include the 2013-14 MYEFO measure that proposed to amend the debt/equity tax rules; the 2016-17 Budget measure that proposed changing the taxation of financial arrangements (TOFA) rules; and proposed changes to the taxation of ...

Plans afoot to narrow gender pay gap

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... gap, including requiring the Fair Work Commission to consider gender equity when formulating minimum wages. According to Budget documents, this year marks the first that the government has used gender responsive budgeting, trialling the use of gender ...