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Showing 61 - 70 of 2034 results for %22Australian Bureau%22

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... contribution cap. In total, super funds released $36.4 billion in 2020 under the ERS scheme. According to the Australian Bureau of Statistics, the average withdrawals were $7728 and $7536 across the two tranches.

Wage growth remains low

ELIZABETH MCARTHUR  |  THURSDAY, 19 AUG 2021
... 0.6% wage growth. The rate of growth over the quarter was one of the lowest rates recorded for the series," Australian Bureau of Statistics head of price statistics Michelle Marquardt said. The lowest quarterly wage growth by industry was 0.1% for the ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... and the interest rate on Exchange Settlement balances of 0% maintain the target of 10 basis points for the April 2024 Australian government bond continue to purchase government securities at the rate of $5 billion a week until early September and then ...

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... know by how much, that the prices of consumer goods and services have gone up... until now. Figures from the Australian Bureau of Statistics (ABS) show that the country's annual headline inflation rate spiked to 3.8% in June from 1.1% in the March ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm. AFCA received feedback from financial institutions, particularly small to medium ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... country." This could also be because Australia is facing the latest hurdle from a position of strength. The Australian Bureau of Statistics (ABS) reports that the country's unemployment rate dropped to an 11-year low of 4.9% in June - below the March ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
Australian economic and survey releases over the past week continued to paint a picture of a strengthening recovery. However, the rosy results preceded the outbreak of the Delta variant that prompted lockdowns and/or tightened restrictions in major ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... economy, the 'Big Four minus one' have very good reasons for their earlier than promised tightening. The Australian Bureau of Statistics' (ABS) 'National Accounts' show the Australian economy expanded by 1.8% in the March 2021 quarter ...

Chief economist update: Thank you, my frenemy

BENJAMIN ONG  |  THURSDAY, 24 JUN 2021
... believing that Beijing and Canberra have kissed and made up and let bygones be bygones. Preliminary estimates by the Australian Bureau of Statistics (ABS) show that the country's merchandise goods trade surplus expanded to a record $13.3 billion ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... Hallelujah! It's raining men!" -The Weather Girls Australian 'men' (and women) at work' that is. According to the Australian Bureau of Statistics' (ABS): "Employment increased by 115,000 people in May, following the 31,000 fall in April, around ...