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Showing 851 - 860 of 1756 results for "Covid"

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... 2020 start date to 1 July 2022. "[This is] to allow continued consultation and legislative drafting to take place during COVID-19. This will also allow finalisation of the measure to be informed by the Retirement Income Review. This measure is estimated ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... up 15.4% in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the government predicting that spending will decrease to the $200 billion level in 2021-2022. The government's ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... but will then reduce that spending by 35.5% by 2023-24. It said the decrease will be primarily driven by the ending of the COVID-era HomeBuilder scheme. In addition, the government said the decline is due to the planned completion of both regional and ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... Frydenberg acknowledged the budget is based on a set of assumptions, such as the majority of Australians being vaccinated against COVID-19 and borders being reopened. "There is a great deal of uncertainty, these are predictions... and have been made ...

NAB recruits 500 in hiring spree

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... recruitment of 52 people to support NAB's private bank and 400 recruits hired to support customers struggling during the COVID-19 crisis. The bank said the investment in its business and private banking team would help grow the franchise, and would also ...

Pandemic proves value of advice: FPA

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... advice, according to new research. The Financial Planning Association of Australia's (FPA) inaugural Money & Life Tracker: COVID Edition reveals Australians with financial advisers were not financially impacted by the pandemic compared to those without ...

Calls for aged care overhaul

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... support is the start of the solution," Duckett said. "The horror stories from the Royal Commission into aged care and from the COVID-19 aged care crisis have to stop." Duckett called for an increase in spending and an overhaul in regulation to fix the ...

Chief economist update: Winter of Europe's discontent

BENJAMIN ONG  |  TUESDAY, 6 OCT 2020
... such, the researchers wrote that "high temperature and high relative humidity [can] significantly reduce the transmission of COVID-19," meaning "the arrival of summer and rainy season in the Northern Hemisphere" might "reduce transmission of the disease". ...

Insurers prepare for tragic COVID-19 fall-out

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
Life insurer MetLife is preparing for an increase in mental health claims in the wake of COVID-19, with the insurer acknowledging the psychological toll of financial hardship. "There is a direct connection between financial wellbeing and mental health. ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... June 2020, AMP Bank has disclosed that 11% of mortgage borrowers by value and number have deferred repayments during the COVID-19 pandemic, which is broadly in line with the system," it said. "The bank's capital position is good, with the bank reporting ...