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Showing 31 - 40 of 77 results for %22Budget papers%22

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 ...

Peak iron ore?

BENJAMIN ONG  |  WEDNESDAY, 20 SEP 2017
... with every $US10 a tonne change impacting tax receipts by $3.9 billion and nominal GDP by $13.4 billion." In its Budget Papers 2017-18 (released in May this year), the Treasury assumed the price of iron ore "to decline from a recent average of around ...

The bull and bear market in iron ore

BENJAMIN ONG  |  THURSDAY, 20 JUL 2017
... with every $US10 a tonne change impacting tax receipts by $3.9 billion and nominal GDP by $13.4 billion." In its Budget Papers 2017-18 (released in May this year), the Treasury assumed the price of iron ore "to decline from a recent average of around ...

Government closes super loophole

EMMA RAPAPORT  |  MONDAY, 10 JUL 2017
... streams have increasingly been used by people for tax minimisation purposes without any reduction in work hours," Budget papers stated. "To ensure access to transition to retirement income streams is primarily for the purpose of substituting work income ...

Queensland DB super liabilities tipped to fall 18pct

ALEX DUNNIN  |  THURSDAY, 15 JUN 2017
... defined benefit scheme surplus being partially repatriated. The figures were published in the Queensland Government budget papers, released earlier this week. They show that superannuation liabilities are projected to fall from $25.9 billion in 2017 ...

A one-handed clap for ScoMo's Budget

BENJAMIN ONG  |  TUESDAY, 23 MAY 2017
... that showed the unemployment rate dropped from 5.9% in March to 5.7% in April - better than the 5.75% projected in the Budget 2017-18 papers. But the latest labour market report could be a case of one hand clapping for ScoMo for the details showed that ...

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
... will help to avoid unintended consequences on the economy and financial system." In response, Fraser pointed to Budget papers outlining revenue and expenditure decisions. Fraser assured the ABA that, given the tight deadline imposed, his department is ...