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Showing 531 - 540 of 2469 results for "Budget"

Chief economist update: An extra mile for a deal

BENJAMIN ONG  |  MONDAY, 14 DEC 2020
... country stayed in the EU. With no deal, the cost rises to 8%. Other forecasts are similarly gloomy. The independent Office of Budget Responsibility reckons that no-deal will cut next year's GDP by an additional 2%, on top of the costs from shifting ...

Chief economist update: China keeps on going and going

BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
... export - has soared to seven-year highs, with positive implications for Australia's export earnings and the fiscal budget. The Federal Treasury's latest Budget Papers assumed ore prices at US$55/tonne. So far this year, it's averaged more ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... money to finance its fiscal deficit should China decide to stop iron ore imports. The Australian government's projected Budget balance is being boosted by the high price of iron ore - currently more than US$100 per tonne compared with the Budget ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... reforms, opening the industry consultation period until December 24. The package of reforms, which was unveiled in the 2020-21 budget, has four main components that will introduce an underperformance test, stapling, a comparison tool, as well as accountability ...

Should remote employees be paid less?

KANIKA SOOD  |  THURSDAY, 26 NOV 2020
... expect flexible/remote work policies to substantially impact pay and benefit budgets for 2021. However, about 36% expect budget reductions in real estate and 40% expect reduction in commuting expenses. Approximately a quarter of organisations expect ...

Chief economist update: It's looking up for the land down under

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
... part-time jobs; and, the surging price of our biggest commodity export - iron ore - one that's bound to reduce the budget deficit the Treasury forecast in the Budget Papers 2020/2021 and/or provide the Morrison administration more firepower just ...

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... Outlook (MYEFO) handed down in October, it maintained its assumption for iron ore prices to drop to US$55 per tonne. The Budget Papers also printed this sensitivity analysis: "If the iron ore price was to fall immediately to US$55 per tonne FOB, rather ...

Business tax expanded to big corporates

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
... intangible depreciating assets will now be eligible for the tax cuts. The initial tax relief was announced in the 2020/21 budget allowing businesses with turnover of up to $5 billion to write off the full value of any eligible depreciable asset up to ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... "That will have an impact on the quality of their life in their retirement, but it will also have an impact on the future budget position of future governments down the track. And that's why this government's ongoing attack on superannuation will be ...

Sequoia reveals strategic plans

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... post the Hayne Report over the last 12 months," Larsen said. Further to this, Sequoia provided an update on its FY2021 budget metrics where it is aiming to increase net profit after tax from $1.9 million in 2020 to $2.85 million. In the longer term ...