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Showing 481 - 490 of 2469 results for "Budget"

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... preventing them from effectively using their retirement savings for health, aged care, and other large expenses in retirement," budget papers read. Individuals starting a new retirement product will be limited by the transfer balance cap rules and existing ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The recovery of the Australian economy from COVID-19 has improved the budget position from initial projections, with a significantly lower than expected unemployment rate. The unemployment rate currently sits at 5.6%, which is lower than pre-pandemic ...

Key Treasury initiatives outlined

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Buried deep within budget documents are several steps the government will take to further boost our financial system, including greater powers for regulators and $11.2 million to enhance super fund member outcomes. While far from the headline measures ...

Infrastructure investment builds to $170bn

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... project pipeline to help fuel the post COVID-19 economic stimulus, and it's not just concrete and steel. Billed as one of the budget's cornerstone commitments, the government will spend an extra $15 billion over the coming decade on projects around Australia ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... Australia's. Superannuation has much bigger policy conundrums it should be worrying about and preparing to fight over, and this budget has touched on a few of them. Like how the upward trend in the proportion of superannuation benefits paid as income ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... to $24.3 billion and by 37% over the next four years to $31.2 billion, making it one of the fastest growing areas of the budget. This significant increase includes nearly $18 billion in specific funding that is in direct response to recommendations that ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
Ahead of the federal budget tonight, there is already some good news for the superannuation sector and small businesses. Treasurer Josh Frydenberg has released details about a few initiatives that will be included in the budget. The government will ...

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
... urbanisation and economic growth as much as Canberra need Beijing for a stronger Australian recovery. And oh, a lower underlying budget deficit.

Budget to boost home ownership rates

JAMIE WILLIAMSON  |  MONDAY, 10 MAY 2021
Ahead of tomorrow's federal budget, the government announced a raft of measures aimed at increasing home ownership levels, including the expansion of the First Home Super Saver Scheme. The government is increasing the maximum amount of voluntary contributions ...

Government launches digital economy strategy

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
... digital transformation of the economy and measures to encourage business investment in technology, ahead of the federal budget. The digital economy strategy includes $111.3 million to accelerate the rollout of the Consumer Data Right in banking, energy ...