Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 601 - 610 of 5387 results for "Federal"

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... basis, Fitch forecasted the fiscal deficit to narrow to 1.2% of GDP in FY23, ending June 2023, from 3.8% in FY22. "The federal government is set to achieve its first underlying cash surplus in 15 years at 0.2% of GDP in FY23, from a 1.4% deficit in FY22 ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... obligations, with the debt ceiling currently not raised. Should the debt ceiling not be raised by the x-date, he forecast the Federal Reserve to prioritise interest and principal payments on federal securities. Moreover, contingency plans are in place ...

VanEck launches US bond ETF

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... over the past 12 months short-term treasury bond yields have jumped following a series of interest rate hikes from the Federal Reserve. "Short-term treasury bond yields should continue to rise while inflation persists," Neiron said. "As TBIL comes to ...

AEP, GSFM launch Australian film fund

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... "The Australian government rebates and production incentives lead the world," Basser said. This was reinforced by the federal government's increase of the Location Offset from 16.5% to 30% announced in last week's budget, he noted. "An Australia-based ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
The regulator has started civil proceedings in the Federal Court against the insurer after alleging it issued three types of insurance policies containing unfair and misleading contract terms. ASIC said the case involves standard form contracts issued ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... further alleges that the company marketed and facilitated the trading of complex CFDs to inexperienced investors. "The Federal Court of Australia has described these products as "financial heroin hits" in the hands of unsophisticated retail investors," ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Stakeholder responses to the federal budget are mixed at best, with many believing key measures require further consideration and consultation. Perhaps the measure that will most impact the financial services industry, the government remained firm in ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Cost of living pressures and the transition to clean energy took centre stage on federal budget night as the Labor Party unveiled a package of measures in response to mounting economic uncertainties. Federal treasurer Jim Chalmers delivered the 2023-24 ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
To understand how the 2023-24 federal budget was built, you need to understand its 2022-23 foundations because just five taxes accounted for 97% of all taxation revenue and just six programs accounted for 71% of all expenditures, with the biggest two ...