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Showing 31 - 40 of 51 results for "Budget Papers 2012-13"

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
Secretary to the Treasury has shot down claims from the Australian Bankers' Association that the proposed bank levy disregards Government best practice guidelines. In a submission to Treasury lodged on Monday, ABA chief executive Anna Bligh claimed ...

Another Budget, another promised surplus

BENJAMIN ONG  |  WEDNESDAY, 10 MAY 2017
A Budget here, and a Budget there, Budget, Budget, everywhere a Budget. Yes Virginia, it's Budget overload, there's wall to wall coverage of the Australian Federal government's 2017/18 Budget - before, during and after - its big reveal on the evening ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
Treasurer Scott Morrison's expansionary second budget, bankrolled by government receipts rising more than 6% per annum compared to expenditure rising by 4% per annum, sets Australia on the road towards a surplus by 2020 but one supported by record Commonwealth ...

Budget Eve

BENJAMIN ONG  |  MONDAY, 8 MAY 2017
One day, nine hours, 13 minutes, and 55 seconds. This is the time remaining (and counting down) before us, Australians all, find out what the government has in store for us when it releases the Budget Papers 2017-18 at approximately 7.30pm (AEST) on ...

MYEFO: Surplus of promises

BENJAMIN ONG  |  TUESDAY, 20 DEC 2016
Beam me up Scotty! That's the underlying message from Australian Federal Treasurer Scott Morrison's Budget update where the Mid-Year Economic and Fiscal Outlook (MYEFO) report showed the budget deficit beamed up by a cumulative A$10.3 billion over the ...

Defined benefit deficit at $182bn

ALEX DUNNIN  |  WEDNESDAY, 6 JUL 2016
Total defined benefit (DB) super liabilities across Australia stood at $340 billion, according to APRA figures. But this amount is backed by only $158 billion in net assets - amounting to a deficit of $182 billion. The announcement by the Queensland ...

Budget delivers blow to aged care

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
Funding to aged-care providers will be cut by $1.2 billion over four years, in a move the government claims was the result of greater than expected growth in expenditure. The budget papers state that the efficiencies will be achieved through "changes ...

UK to introduce lifetime ISAs

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
The UK government has just announced in its 2016 budget that it will be launching subsidised Lifetime Individual Savings Accounts that will allow people under 40 to save for their first home and retirement. The initiative follows a raft of other measures ...

Shadow Treasurer will go to election over super

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
Federal Shadow Treasurer Chris Bowen is prepared to table changes to superannuation tax concessions in parliament prior to an election. Bowen made the call in his recent budget reply speech at the National Press Club where he reiterated the current ...

Super concessions key to tax review

LAURA MILLAN  |  FRIDAY, 15 MAY 2015
The financial services industry welcomed the government's decision not to touch superannuation in the 2015 Budget, but the PM's promise that "there will be no changes to super" in the future has brought the tax review into question. "There will be no ...