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Showing 51 - 60 of 1269 results for "Labor"

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
The 2025-26 Federal Budget revealed the Labor government's first deficit since taking power in 2022. Forecasts for the 2024-25 year were revised to show a $27.6 billion deficit, and forecasts show the deficit is expected to grow to $42.1 billion ...

Roads, railways, NBN winners in Budget

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
Labor's attempt to build new and revitalise existing roads and railways will see a $17.1 billion allocation over 10 years, while the NBN will receive a $3 billion bonanza. The Federal Budget commitment to improve transportation networks forms part ...

Why the RBA should not cut rates

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... uncertainty may add to concerns for the RBA. "We've got all this uncertainty coming from offshore, and we've got a labor market that is tightening. That flows to wages growth, and wages growth is the number one determinate of medium-term inflation ...

Senate calls to overhaul super fund boards

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
... "These recommendations address the significant issues that have plagued Cbus and other super funds in recent months, on which Labor has been silent." One of the main recommendations was for superannuation trustee boards to be comprised mostly of independent ...

Australians don't trust politicians with their super: FSC

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... the opposition's commitment to protect retirement savings from "unfair new taxes." FSC chief executive Blake Briggs said Labor's perseverance in raising taxes is eroding Australian's trust in the government on the eve of the federal election. He called ...

One more vote needed for $3m super tax

MATTHEW WAI  |  THURSDAY, 6 FEB 2025
... Senators (25) and the Greens (11)," Ali explained. "The government was confident of securing the votes of former Greens and Labor members Lidia Thorpe and Fatima Payman, meaning they only needed one more crossbencher to succeed." Ali remains confident ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
Labor frontbencher, assistant treasurer and minister for financial services Stephen Jones is retiring from politics and will not contest the upcoming federal election. Jones spent 15 years as the member for Whitlam - covering Illawarra and the Southern ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
Treasurer Jim Chalmers has boasted about Labor's policies after the latest CPI reading from the Australian Bureau of Statistics (ABS) reported underlying inflation was now at its lowest point in three years. "Our headline inflation is now lower than ...

Coalition members call for superannuation guarantee reform

ANDREW MCKEAN  |  FRIDAY, 17 JAN 2025
... nature of contributions that prevent them from having a say in how their money is used until they reach 65 years of age. Labor minister for employment and workplace relations Murray Watt labelled the statements by the Coalition members as "astonishing," ...

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
The supply-side productivity-enhancing reforms of the Hawke/Keating Labor government, continued by Howard/Costello, have since stalled, leading to a decline in productivity - a key catalyst in the deterioration of living standards, according to AMP ...