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Showing 691 - 700 of 5389 results for "Federal"

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... probability of a US recession is about 75%, possibly impacting several macroeconomic indicators. To bring down inflation, the US Federal Reserve must increase interest rates until inflation subsides, or economic growth flattens, Saxena estimated. "Given ...

Government enshrines new rule for Aussie Bitcoin owners

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
In the budget, the federal government introduced new rules for Bitcoin owners, clarifying that digital currencies are not taxed as foreign currency. The government said it will introduce legislation to clarify that digital currencies (such as Bitcoin) ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
ASIC is appealing the Federal Court's ruling in its conflicted remuneration case against Commonwealth Bank and Colonial First State. The case related to the Essential Super product, with ASIC alleging the two entities breached conflicted remuneration ...

Chalmers delivers on childcare

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
Federal Treasurer Jim Chalmers has promised to improve early education and childcare affordability for more than 1.2 million eligible Australian families. Labor's "game-changing" investment for families will increase the paid hours worked by women ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... growing structural budget deficit gap." "To keep public debt under control, we must either tax more or spend less in the Federal Budget - last night did little to answer that important question. "Enough with the conversation. The time for talking is ...

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... problems on his hands, the first being gas prices and the other the National Disability Insurance Scheme. In delivering the Federal Budget last night, Treasurer Jim Chalmers said the government is investing $40.9 million in increased oversight of gas ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... AUSIEX will pay $7.12 million for systemic compliance failures over a nine-year period. In a case brought by ASIC, the Federal Court found the two companies contravened Market Integrity Rules in a variety of ways and on multiple occasions. The breaches ...

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
Access to affordable housing is at the core of the Federal Budget, including a new national Housing Accord struck between the government, institutional investors, and industry to help tackle the growing issue. Under the Housing Accord, one million new ...

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
ASIC has commenced civil penalty proceedings in the Federal Court against BPS Financial (BPS). The regulator alleged BPS made false, misleading, or deceptive representations and engaged in unlicensed conduct in relation to a non-cash payment facility ...

Northern Trust names global macro fixed income head

CHLOE WALKER  |  WEDNESDAY, 19 OCT 2022
... brings over 30 years of experience to the newly created role, including previous roles within investment management and the Federal Reserve Board System. A long-time advisor and consultant, Bomfim brings deep knowledge of the economy and financial markets ...