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Showing 71 - 80 of 117 results for "Morrison Government"

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
"A stronger economic recovery is possible if there is further substantial progress in containing the coronavirus in the near term and there is a faster return to normal economic activity. On the other hand, if the lifting of restrictions is delayed ...

Chief economist update: No cheers as RBA hits inflation target

BENJAMIN ONG  |  THURSDAY, 30 APR 2020
Mission accomplished! This would have been the Reserve Bank of Australia's (RBA) self-congratulatory exclamation after the Australian Bureau of Statistics (ABS) reported that annual headline CPI inflation accelerated to 2.2% in the March quarter ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... Hume welcomed APRA's approach. "Given the importance of cash flow for many people at this critical time, the Morrison government expects super funds to be paying members their money as quickly as possible, and within five business days," Hume said. "We ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... between each of them on the benches. Albanese is adamant that Parliament should continue sitting, accusing the Morrison government of hypocrisy in asking essential workers to continue while politicians take an extended hiatus.

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... in circumstances where it is in the best interest of fund members to do so," he added. Frydenberg and the Morrison government are positioning the early withdrawals from super as a "Team Australia" moment and have been clear that super funds are expected ...

ACTU pokes holes in JobKeeper

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... understands the grave situation Australian workers find themselves in," McManus said. "Less than three weeks ago the Morrison government wouldn't consider the notion of a wage subsidy." McManus said the program needed safeguards to ensure people ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
I would have described him as 'super', but I've already used that moniker in reference to former European Central Bank (ECB) president Marion Draghi when he did "whatever it took" to save the splintering of the single currency region from ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
Think your 30-50% year-to-date loss in your equity portfolio is bad? Just wait until all buyers disappear, consumed by a tiny speck of micro-organism. Remember Murphy's Law? "Anything that can go wrong will go wrong". Monetary and Keynesian stimulus ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
The RBA has signaled it will begin quantitative easing after the US Federal Reserve implemented QE measures overnight and slashed its interest rate. The Fed's QE measures include a US$700 billion bond buying program, as part of its effort to offset ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... this month, taking the official cash rate to a new record low of 0.5% and is expected to cut some more. The Morrison government recently announced a A$17.6B ($11.4B) economic stimulus package. The US Federal Reserve cut the fed funds rate by 50 bps on ...