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Showing 611 - 620 of 5387 results for "Federal"

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
The federal government has delivered its second budget since coming into office last year, and as expected, cost of living support has featured prominently. So what has treasurer Jim Chalmers included in the 2023 federal budget when it comes to spending ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... year's budget, as Labor promises to expand initiatives introduced in October 2022 that aim to tackle economic inequality. Federal treasurer Jim Chalmers introduced a number of measures on budget night in the hope of improving women's economic ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Operating a financial advice practice is set to become easier and cheaper under a raft of measures the federal government has introduced, which includes buffering the rising costs of power bills and reducing administration burdens. Federal treasurer ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
The federal government is clamping down on unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
The federal government has delivered a small surplus of $4.2 billion for 2022-23, the first in 15 years, but structural deficit challenges continue to pose a threat to long-term fiscal stability. Treasurer Jim Chalmers touted the surplus and smaller ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... government's crackdown on protecting investors against investment scams and other misconduct from product issuers. Federal treasurer Jim Chalmers bolstered ASIC enforcement activity against greenwashing in the sustainable investing sector, pledging ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... November 2022, the government introduced legislation aimed at ensuring no veteran pays higher income taxes as a result of the Federal Court decision in Commissioner of Taxation v Douglas (Douglas decision). The Douglas decision found that certain veterans' ...

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... investors, including victims of affinity fraud." The defendants are charged with violating the antifraud provisions of the federal securities laws, as well as violations of registration provisions under the Securities Act. The SEC is seeking permanent ...

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
In a widely anticipated move, the US Federal Reserve has raised interest rates by 25 basis points, elevating the target range to 5% - 5.25%, marking the highest level in 16 years. The central bank's decision comes as part of its ongoing commitment ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... sold to JPMorgan Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic on Monday, in hopes of ending the bitter turmoil ...