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Showing 51 - 60 of 752 results for "Relief"

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... Lawyers joint head of class actions Craig Allsopp welcomed the settlement. Allsopp said the settlement brings "long-awaited relief" to affected fund members, most of whom, he noted, were Queensland government employees and their spouses. He said many ...

J.P. MAM slashes recession probability to 30%

KARREN VERGARA  |  TUESDAY, 20 MAY 2025
J.P. Morgan Asset Management has slashed the probability of a recession eventuating in 2025 in half to 30% amid relief from the latest tariff announcements, but it warns risks remain elevated. Last week, US President Donald Trump substantially lowered ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... circumstances in which it may permanently remove a debt, defer or discontinue recovery action, or provide other types of relief for tax liabilities incurred because of financial abuse. In a bid to hold perpetrators to account, the ATO will also review ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... Chalmers announced a raft of spending measures as it prepared to announce the federal election. These include cost-of-living relief, cutting student debt, tax cuts and more investment into infrastructure and healthcare. In his speech to parliament Chalmers ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... Association of Superannuation Funds of Australia chief executive Mary Delahunty praised the Budget for providing cost-of-living relief which she said would help workers and retirees. "Tonight's Budget will help ensure retirement savers get the superannuation ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... documents said: "These new tax cuts are modest, but they'll make a difference." Last year, the government introduced tax relief measures by cutting two rates and lifting two thresholds - benefiting all taxpayers. The changes included lowering the ...

What to expect in the 2025 Federal Budget

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... the 2025 Federal Budget tonight, with years' worth of deficits expected to be revealed as well as ongoing cost-of-living relief. The ongoing cost-of-living relief is expected to take front and centre, especially as the Albanese government is required ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... for people. What this means is that more Australians have their lives and livelihoods protected, and this provides great relief for families. Of course, it also provides relief to the social security system that would otherwise be under greater pressure ...

RBA 'not committed' to further rate cuts

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
... ultimately concluded the arguments for a cut were more weighted. However, despite deciding to deliver the interest rate relief, the central bank said it is not committed to embarking on a cutting cycle either. "... members agreed that their decision ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
ASIC is proposing additional relief for financial services businesses, which would scrap the need to report minor or technical breaches that don't result in a financial loss. The relief is intended to ease the compliance load on financial services ...