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Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... level of outstanding debt has fallen from 4.4% in 2013 to 3% in 2017, which is the rate the government expects to pay for the next three years. Nevertheless, the annual interest bill has climbed from $14 billion in 2014 and is on its way to $20 billion ...

Infrastructure receives $75 billion boost

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... allocated $75 billion to infrastructure, with transport receiving the lion's share of about $70 billion in funding over the next 10 years. Morrison announced up to $5.3 billion will be invested in the new Commonwealth-owned company, WSA Co, to fund the ...

Terrible tax policies of the last 25 years

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... proven to be good for the country, while others received less than glowing reviews in history books. To take us into the next phase of fiscal policy, one of Australia's most respected and renowned economic commentators, Saul Eslake, takes a look back ...

HESTA appoints new CIO

EMMA RAPAPORT  |  MONDAY, 8 MAY 2017
HESTA is welcoming the next chapter of its investment team development, appointing a new chief investment officer. Sonya Sawtell-Rickson will oversee the fund's $37 billion portfolio of investments and lead the internal team in asset and risk allocation ...

Budget Eve

BENJAMIN ONG  |  MONDAY, 8 MAY 2017
... says: "The Bank's forecasts for the Australian economy are little changed. Growth is expected to increase gradually over the next couple of years to a little above 3%." All well and good but the details contained in the bank's monetary policy statement ...

Government pushes ahead with new ASIC funding model

ALEX BURKE  |  FRIDAY, 5 MAY 2017
... industry-funded cost recovery model. Minister for Revenue and Financial Services Kelly O'Dwyer said the model represents "the next step in meeting the Government's commitment to an industry funding model in place from 1 July 2017. Industry funding is ...

ANZ and ETFS cut ties

ALEX BURKE  |  THURSDAY, 4 MAY 2017
... the business on the best terms possible." Reflecting this, ETFS Australia will remain operating within ANZ offices for the next nine months. "It wasn't based on any concerns about our business. It's just that they were looking at ANZ from a structural ...

AxiomSL appoints APAC chief

ALEX BURKE  |  THURSDAY, 4 MAY 2017
... and Asia. His leadership, business vision and ability to bring people together will be instrumental as we enter into our next chapter, and we welcome him to the firm." Tierney added: "There is tremendous opportunity in the market to combine a well-established ...

AI will lead next industrial revolution: Sanlam

MICHELLE BALTAZAR  |  THURSDAY, 4 MAY 2017
... Itzkovits said. For example, AI will influence how healthcare, transportation and communication stocks will perform. The next frontier is to offer AI-driven portfolios. Robo-advice today (which, Itzkovits was quick to point out is "not AI") uses risk ...

Fearless forecasting

BENJAMIN ONG  |  THURSDAY, 4 MAY 2017
... at Macquarie, said Australia's super pool, which is expected to rise from $2.3 trillion to around $8.8 trillion over the next 25 years, would provide a "backstop" to equity markets and demand for new listings," the report said. James McIntyre, head of ...