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Showing 41 - 50 of 2237 results for %22Budget%22

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
Australian retirees continue to face cost pressures as historically high consumer price inflation drives up the price of everyday items, driving both the Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... ensuring superannuation is primarily used up as income for retirement and supporting the sustainability of the federal budget." Meanwhile, Industry Super Australia (ISA) commissioned analysis by Rice Warner, which revealed that replacing superannuation ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... negatively impacted in retirement. There is no one simple fix for this, but it is imperative that despite the need for budget discipline we keep making progress. Paying super on government parental leave and making tax on super fairer for low-income ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... billion of capital currently managed by the Future Fund has an opportunity cost, the cost of debt, which is borne by the budget," said Burshtein. Using the Reserve Bank of Australia's official cash rate of 4.1%, Burshtein said the fund would need ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... 2022 which was tabled in February last year, after plans to reintroduce the exemptions were announced in the 2021 federal budget. Had the measures passed, they were due to be introduced in April this year. Consultation is open until September 8.

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... healthcare costs will raise spending on the elderly absent fiscal policy reforms," Fitch said. Of note, the Congressional Budget Office (CBO) forecasts that interest costs will double by 2033 to 3.6% of GDP. It also estimates a rise in mandatory spending ...

CFOs look to hire in second half: Survey

CHLOE WALKER  |  FRIDAY, 28 JUL 2023
... anticipate recruiting staff in the second half of the year. Robert Half director Nicole Gorton attributes the hiring frenzy to budget and project approvals, which have kickstarted the need for companies to strategically hire for new or vacated positions. ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... growth has been revised up to 1.3%. "It also helps that policymakers have reached a deal regarding the debt ceiling and budget without causing significant market turmoil. There is now an improved chance that the Fed will achieve the much-vaunted soft ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... superannuation gap, given most of them are women - but it could be done with a cost-neutral, or even positive, impact on the Budget over time by giving incentives to people to take on caring roles." "It would be a huge boost to people who help the federal ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... needs to be appropriate safeguards to ensure the safe and responsible use of artificial intelligence." In the May federal budget, Labor backed the integration of quantum and artificial intelligence technologies into business operations and committed ...