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Showing 711 - 720 of 4001 results for "Cut"

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
The government has implemented a raft of tax relief measures for individuals and businesses in the 2020/21 budget in an effort to boost consumption in the economy and support business investment. Over 99% of businesses will be able to write off the ...

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... or lift the speed limit on growth." Chalmers said while the average Australian workers will receive a $50 per fortnight tax cut, millions on the JobKeeper program have seen their payment cut by at least $300 per fortnight. "Despite producing a grab-bag ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... opportunities and possibilities we have enjoyed." Supporting this, about 11 million taxpayers will also benefit from a tax cut backdated to July 1 of this year in a bid to increase spending and boost economic activity. The government will bring forward ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... shows the scheme has added tens of billions more to the aged pension, heaping pressure on future governments to hike taxes or cut the pension. "While the scheme helped get funds to people who needed them during the crisis, the limited checking of applications ...

Australian Ethical cuts fees

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
Australian Ethical has cut fees for super fund members as part of what it says is a continued effort to provide lower cost ethical investment options. The super fund reduced the investment fee for its defensive investment option in super and pensions ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
The prudential regulator has lambasted superannuation funds for not taking underperformance seriously and failing to compare themselves accurately against their peers. APRA deputy chair Helen Rowell said that many superannuation funds are overlooking ...

Tax concessions, infrastructure in focus for budget

ELIZA BAVIN  |  FRIDAY, 2 OCT 2020
... last two budgets. Just this year alone, in the billions," he said. "The small and medium-sized businesses tax rate has been cut to 26% and the instant asset write-off extended and expanded to investments of up to $150,000." "Australians are keeping more ...

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
An industry super fund has announced another fee reduction for members, marking the third cut in two years. Vision Super chief executive Stephen Rowe said the fund's focus on cost reductions has allowed it to steadily reduce member fees over the last ...

Super-backed company develops COVID treatment

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
A biotech company backed by AustralianSuper, HESTA, Hostplus and Statewide Super has developed a new preventative treatment shown to reduce COVID-19 levels by up to 96%. The product, INNA-051, is being developed by Ena Respiratory, and works by stimulating ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
"We are one, but we are many And from all the lands on earth we come We'll share a dream..." - The Seekers Yes Virginia, we, Australians all, are one in anticipating Christmas to come on October 6 this year - the day when most expect the Reserve ...