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Showing 51 - 60 of 100+ results for "Budget 2020"

Tax concessions failing women: Research

ANNABELLE DICKSON  |  TUESDAY, 6 APR 2021
... commissioned by the Australia Institute from the Centre for Social Research and Methods revealed tax concessions cost the federal budget $60 billion per year with the majority benefiting men. The four tax concessions consist of negative gearing, superannuation ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
Healthier consumers are happier consumers are spending consumers. US consumer confidence has rebounded to its highest level since the onset of the pandemic in America in March last year. This is hardly surprising with cases of coronavirus infections ...

Hume expands portfolio

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
Following a cabinet reshuffle, minister for superannuation, financial services and the digital economy Jane Hume will now take on responsibility for women's economic security. Hume's title is now minister for women's economic security, minister ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
Despite some delays and hiccups in the roll out of the coronavirus vaccine in Australia, cases of infections are virtually next to nil and life had slowly been returning to pre-pandemic normal. So much so, that in its 'Economic Outlook' March ...

Chief economist update: BOE not letting its guard down

BENJAMIN ONG  |  TUESDAY, 23 MAR 2021
"At its meeting ending on 17 March 2021, the Committee judged that the existing stance of monetary policy remains appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
"For all those times you stood by me... You're the one who held me up Never let me fall You're the one who saw me through it all." -Celine Dion What a difference a year makes, ey? The year 2020 started out disastrous (literally) for the country ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation ...

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
QSuper has officially launched its new product to meet the increasing demand for guaranteed retirement income well ahead of the federal government's mandate. Lifetime Pension provides tax-free fortnightly payments for members aged between 60 and ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
ASIC has hit financial advisers with the news that levies will increase by the equivalent of 160% over two years, with industry bodies outraged. The total cost levied by ASIC is now $1500 per retail advice licence, plus an additional $2426 per authorised ...