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Showing 601 - 610 of 2469 results for "Budget"

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... On early release of super and super guarantee, it noted: "When we add in Early Release Schemes [extended yesterday, at a budget cost of further $2.2 billion], it does suggest the current legislated rate of 12% will be needed." The consulting house also ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
Treasurer Josh Frydenberg has announced the country's biggest ever peace-time budget deficit as the economic effects of COVID-19 are realised. Frydenberg and Minister for Finance, Senator Mathias Cormann revealed the economic toll while giving an economic ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
Only seven months before, Australia was on course to bring its fiscal budget back in the black after 12 years and an almost equal number of promises later from both sides of the political divide. The Mid-Year Economic and Financial Outlook (MYEFO) - ...

Early release of super extended

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 23 JUL 2020
The government has announced an extension to the early release of super program designed to help Australians experiencing hardship as a result of COVID-19. Originally, the program was set to end on 24 September 2020. Now, people will be able to apply ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... central bank to change when and how the spending is paid for, but it is not possible to put aside the government's budget constraint permanently," Lowe said. "Where countries have, in the past, sought to put aside this constraint the result has been ...

HESTA doubles down on climate action

ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
... Paris Agreement-aligned emission reduction targets and established a Climate Change Commission to deliver an annual carbon budget and report transparently on progress," Blakey said. "Investors are looking for this kind of bipartisan vision for how Australia ...

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
... countries' recovery from the pandemic-induced recession, and multinational financial framework (MFF) - the regular EU Budget - amounting to around €1.1 trillion over seven years. The size of the NGEU fund was huge, but not "historic" as some headlines ...

No returns in sight for AAP investors

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... as media assets became distressed, as the increasing concentration and lack of diversity became more obvious, as the ABC budget was cut; it just became a bigger issue in my mind," McKinnon said. "I had actually looked at some other media assets and wondered ...

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... not permanent, they were never designed to be permanent." This comes as Treasurer Josh Frydenberg prepares to deliver his budget update on Thursday this week, which will provide insight into the economic damage caused by COVID-19. In May, Frydenberg ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
... preserve wealth. For sure, this would mitigate a sharper contraction in the Australian economy but at the price of putting the budget deeper into deficit. A price, we, Australians all, will have to pay for - in terms of higher taxes and/or reduced government ...