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ANZ appoints two senior executives

KANIKA SOOD  |  THURSDAY, 10 MAY 2018
... director of ANZ Bank Taiwan Limited and ANZ Trustees prior to its sale. "Having Mark join the executive committee is a natural next-step in our progress to building the best bank for those who want to start, run or grow a business. His deep corporate ...

Chief economist update: We're headed for surplus (if assumptions hold)

BENJAMIN ONG  |  WEDNESDAY, 9 MAY 2018
... projections in the Budget Papers 2018-19 look rational enough - GDP growth of 2.75% this fiscal year and then 3% per annum in the next four; so are the predictions for the unemployment and inflation rates - given current domestic macro-economic settings. ...

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... Commission. The Federal Government is also proposing middle and lower income earners pay up to $530 less in tax, starting next year. It has pushed up the top tax threshold from $87,000 to $90,000. On the lower end, the $37,000 threshold has been lifted ...

Personal tax cuts lead the Budget

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... Budget night speech. The Federal Government is proposing middle and lower income earners pay up to $530 less in tax, starting next year. It has pushed up the top tax threshold from $87,000 to $90,000. On the lower end, the $37,000 threshold has been ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
... growing faster than outlays enables expenditure as a share of GDP to reduce from 25.1% this year to 24.7% in 2021-22, albeit next year's ratio is projected to temporarily increase to 25.4%. While each year's annual Budget deficit is reducing, general ...

Labor responds to 'unfair' Budget

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... marginal tax rate threshold, which will be adjusted to $200,000, to account for inflation and expected wage movements over the next seven years. Under the Turnbull Government's personal tax plan, most working Australians earning above $41,000 are likely ...

Baby boomers receive $259 million, pension work bonus lifted

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... incentive to do so," CPSA policy co-ordinator Paul Versteege said. The move is set to cost the government $227.4 million over the next five years from 2017-2018. This makes it the most sizeable chunk (88%) of the Liberals' $258.6 million package for ...

Insto investment committees step away from status quo

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... portfolio approach. He cites a year where super funds struggled to make positive returns and QSuper posted about 6%. The next year many funds reported 14% returns and QSuper did 9%. "What would you prefer, zero and 14% or six and nine per cent?" Woodhouse ...

QIC expands executive team, bolsters US footprint

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... position that will be based in Brisbane. He will manage the performance of the Global Real Estate business as it enters its next phase of growth, reporting to and working closely with Steve Leigh, managing director of global real estate. Asplin will ...

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
... the Australian Prime Minister and Federal Treasurer than a general election coming to a theatre near us - no later than May next year. This time is not different. The government of the day is going out here, there and everywhere to buy votes - yours ...