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Showing 571 - 580 of 2469 results for "Budget"

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
The government has implemented a raft of tax relief measures for individuals and businesses in the 2020/21 budget in an effort to boost consumption in the economy and support business investment. Over 99% of businesses will be able to write off the ...

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Opposition leader Anthony Albanese has unsurprisingly spoken out against the Morrison government's federal budget, saying it has failed to create much needed jobs. Taking to Twitter, Albanese said: "Being a leader means taking responsibility - in the ...

Budget boosts female participation

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
This year's federal budget will help advance gender parity in the workforce and uphold the financial security of women, which has been knocked back by the coronavirus pandemic. Federal Treasurer Josh Frydenberg is making sure women are not left ...

Frydenberg bets on infrastructure for recovery

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... a swifter economic recovery, taking the total pipeline from $100 billion to $110 billion over the next decade. "In this Budget, we will expand our record 10-year infrastructure pipeline which is already supporting 100,000 jobs on worksites across the ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... underperforming fund. Lastly, superannuation trustees will have higher obligations towards members' best interests. The budget did not go into details on this. What is missing or delayed: ERS extension, Retirement income review, CIPRs, Eligible Rollover ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... government forecasted that unemployment would be between 11% and 13%. The JobKeeper program will continue at a cost to the budget of $101 billion, supporting 3.5 million people. By the June 2022 quarter, the government is anticipating an unemployment ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... extended by a further 10,000 places that will allow first home buyers to obtain loans to build a new home. In the 2020-21 budget, the Morrison government announced the move to further extend the scheme so first home buyers can obtain a loan to build ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
The Morrison government has handed down the 2020 federal budget, confirming Australia's largest ever deficit and announcing major changes to superannuation. As was largely anticipated, Treasurer Josh Frydenberg has revealed a record deficit of more ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... of a third tranche. The assistant minister for superannuation flagged the possibility last night ahead of this evening's budget announcement. ISA has called for the scheme to end, saying Australians will be forced to pay tens of billions more in taxes ...

Tax concessions, infrastructure in focus for budget

ELIZA BAVIN  |  FRIDAY, 2 OCT 2020
The Prime Minister has given an indication of what will be revealed in next week's federal budget with a focus on tax cuts and increased infrastructure spending. Prime Minister Scott Morrison gave the insight during his National Press Club address ...