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Showing 21 - 30 of 61 results for "Budget papers"

Future Fund crosses $150 billion

KANIKA SOOD  |  MONDAY, 29 APR 2019
... continues to make good progress on its objective to strengthen the Government's long-term financial position. Recent Budget papers show the contribution its earnings will make to the Budget bottom line from 1 July 2020. Its assets also reduce Government ...

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
... flipped into a 2.1% deficit the following year and a 4.2% deficit due to the GFC. The economic projections in the Budget Papers 2019-20 look rational enough - GDP growth of 2.25% this fiscal year and then 2.75% per annum over the next two years. This ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... the previous financial years, receipts were only able to grow at two-thirds these stellar rates. According to the Budget Papers, 43% of the increase in receipts is due growth in tax payments by individuals, 24% is due to increasing company tax payments ...

Chief economist update: Iron ore up or iron ore down?

BENJAMIN ONG  |  TUESDAY, 12 MAR 2019
... through fiscal and monetary policies. The price of iron ore is important for the outlook for Australia or as the Budget Papers put it, along with other commodity prices, "a key uncertainty in the outlook for nominal GDP." The Budget Strategy and Outlook ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
... miniscule or zero, the report states. "The apparent method of calculating such contingent liabilities used in the budget papers (simply as the sum of all eligible deposits) is badly flawed and warrants review... There is far more risk arising from the ...

Unintended consequences for opt-in insurance: KPMG

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... default framework would protect the retirement savings of specific groups of superannuation members. In the 2018-19 budget papers the Government claimed the change would "protect the retirement savings of young people and those with low balances by ensuring ...

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... default life insurance arrangements for members under 25 and low balance account holders to an opt-in framework. Budget papers said this was being done as a means of "protecting Australians' retirement savings from undue erosion by fees and insurance ...

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

BENJAMIN ONG  |  WEDNESDAY, 9 MAY 2018
... flipped into a 2.1% deficit the following year due to the global financial crisis. The economic 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 ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement savings from undue erosion by fees and ...

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
... FY2020-21 amounting to A$10.2 billion (0.5% of GDP) from A$7.4 billion (0.4% of GDP) anticipated in the May 2017 Budget papers. The hope, of course, is that the Australian government's generosity would generate a stronger labour market, stronger consumer ...