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Showing 71 - 80 of 2237 results for %22Budget 2020%22

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
To understand how the 2023-24 federal budget was built, you need to understand its 2022-23 foundations because just five taxes accounted for 97% of all taxation revenue and just six programs accounted for 71% of all expenditures, with the biggest two ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
The federal government has delivered its second budget since coming into office last year, and as expected, cost of living support has featured prominently. So what has treasurer Jim Chalmers included in the 2023 federal budget when it comes to spending ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... interest payments on this debt were $17 billion in 2021-22 rising to $19 billion in 2022-23. By 2027, according to the budget papers, annual interest payments will be $27 billion being 42% higher. These payments, however, have consistently been slightly ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Women facing disadvantage are poised to benefit from this year's budget, as Labor promises to expand initiatives introduced in October 2022 that aim to tackle economic inequality. Federal treasurer Jim Chalmers introduced a number of measures on ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... Albanese Government knows how vital small businesses are to our nation's economy and our prosperity. That's why this Budget is committed to helping them tackle immediate challenges like energy costs, as well as helping set them up for long-term ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision to align the payment of super and wages, enabling ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... compared to recent Budgets, leading to a $125.9 billion improvement over five years, and a much lower public debt burden." Budget documents described the surplus as an "unprecedented turnaround" from the $77.9 billion deficit that the Labor government ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... opportunities and support First Nations Australians to meaningfully participate," Chalmers added. This year's federal budget also highlighted the gravity of investment scams, which fleeced Australians $3.1 billion in 2022 alone. Under a $17.6 million ...

BlackRock to list low-cost property and infrastructure ETFs

CHLOE WALKER  |  MONDAY, 8 MAY 2023
... Global Infrastructure ETFs further bolsters the local iShares range, allowing allocators and advisers more room in their fee budget for higher cost alpha and alternative strategies or for more tactical and granular ETF exposures which may be appropriate ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... calling. Unsolicited calls to consumers about superannuation advice should be banned, the industry body said in its pre-budget submission, adding that it is aware of several financial advice businesses employing intermediaries to gain business this way ...