Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 471 - 480 of 2376 results for "States"

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... spending on furniture and office supplies was up 138% on normal levels, now it's still up 114%. "Consumer spending across all states except Victoria has skyrocketed and this is due to stimulus and super payments," said AlphaBeta director Andrew Charlton. ...

Pandemic exacerbated retirement confidence: Research

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... jobs and wages through such areas as reduced pay or reduced hours in a much higher proportion compared with the United States, the United Kingdom and the Netherlands," Shead said. "Although not a direct result of COVID-19, we continue to see a lack of ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... Victoria is bad news for the overall Australian economy. Victoria is now a pariah state, with the country's five other states and two territories closing their borders to Victorians. Not only that, Geelong and Ballarat - both in Victoria - had closed ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
Three of the United States' biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income ...

Chief economist update: Flattening the rebound

BENJAMIN ONG  |  WEDNESDAY, 15 JUL 2020
... were then reimposed in Metropolitan Melbourne as infections continued to multiply, prompting all of Australia's other states and territories to close their borders with Victoria. Australia's second biggest state is reportedly planning to impose ...

Chief economist update: We're all Victorians now

BENJAMIN ONG  |  FRIDAY, 10 JUL 2020
... the state's government to re-impose a lockdown on the 8th of July while, almost at the same time, its neighbouring states closed its borders to Victorians. Still, what happens in Victoria isn't staying in Victoria, as reports that some cases ...

ATO can make cost of advice cheaper: Asher

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... suitable income stream products, and trustees should be at risk if they fail to make such an option salient," the paper states. "Modelling shows a 15-30% increase in retirement income by using an appropriate allocation to suitable lifetime income str ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... Britain reported planning to do so too. He projects the six-month break would cost the government $35 billion. "While the states traditionally receive the GST revenue, in this instance the bill for the cut should be paid by the federal government," he ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... legendary Bruce Lee. But Australians are not seeing Victorians punching, kicking and screaming when the nation's five states and two territories put up the "No Victorians allowed" signs - even threatening fines and/or imprisonment. The second wave ...

Land tax, not stamp duty: Report

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
... economic inefficiency of transfer duty compared to land tax, but there are important equity implications too, the report states. As it stands, transfer duty is used to shift the cost of infrastructure and essential services, like schools, hospitals and ...