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Showing 381 - 390 of 1401 results for "Household"

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... three pillars: the Age Pension, compulsory superannuation and voluntary savings. Additionally, many have pointed to household capital and home ownership as an important fourth pillar, which the RIR also discussed at length. However, the RIR takes it ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review found the treatment of housing in the Age Pension assets test provides more support to homeowners compared to non-home owners. The review found the preferential treatment given to home ownership leads to inequities in the ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... all other income generating options. The potential fourth pillar of the Australian retirement income system, accessing household capital, was noted in the review as a plausible option with household assets having increased over the last 30 years. "The ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
"Curb your enthusiasm" was the overriding message from the world's top three central bankers at the annual ECB Forum on Central Banking 2020, held online on November 11-12. The head honchos of the US Federal Reserve, European Central Bank and the ...

Aware Super backs electricity transition

KARREN VERGARA  |  TUESDAY, 10 NOV 2020
... investment by 2030, as well as support 6300 construction and 2800 ongoing jobs mostly across regional NSW. The average household should be able to save around $130 per year on electricity bills, while small businesses will save about $430 per year between ...

RBA measures not solely due to COVID: Treasury

ELIZA BAVIN  |  FRIDAY, 6 NOV 2020
The unconventional monetary policy measures launched by the Reserve Bank of Australia are not solely a result of the COVID-19 shock, Treasury Secretary Steven Kennedy said. Speaking to Australian Business Economists for a post-budget briefing, Kennedy ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... reasoned. The eased restrictions among all states with the exception of Victoria indicates that the 6.7 percentage point household spending subtracted from national output in the June quarter would not be repeated in the September quarter. However, the ...

Chief economist update: Victoria's victory

BENJAMIN ONG  |  TUESDAY, 27 OCT 2020
"This day belongs to every single Victorian, every single Victorian who has followed the rules, stayed the course, worked with me and my team, to bring this second wave to an end." This was what state premier Dan Andrews told all Victorians and the ...

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
Multiplying rates of coronavirus infections forced the UK government to impose strict lockdown measures, giving "bobbies" power to fine people leaving their homes for "non-essential" reasons on March 23. These restrictions were then gradually eased ...