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Labor accelerates defence spending

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... announced last year, the government will invest an additional $50.3 billion into the Australian Defence Force (ADF), which will now see a further $10.6 billion invested over the forward estimates. The value of this investment is tipped to be $57.6 billion ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... together," Chalmers said. "To bring inflation and debt down. Get wages and growth up. And keep unemployment low. What matters now is that we build on this platform. How we help finish the fight against inflation. How we keep rebuilding living standards. ...

Tax rules clarified for managed investment trusts

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... extension of the clean building managed investment trust withholding tax concession, announced in the 2023-24 Budget, will now commence on the first January 1, April 1, July 1, or October 1, following Royal Assent. Similarly, the start date for strengthening ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... measure, would have needed to be reflected in the Budget. "Considering there was no mention of changes, the government is now committed to taking this tax to the next election, warts and all." SuperAPI co-founder and chief commercial officer Ben Styles ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... Swan said. "We forced the cost of energy up - perhaps by $1500 or more - and having brought about this disaster, we're now going to exacerbate it by forcing taxpayers to bail out electricity users as a temporary measure until the end of the year. ...

Regal slashes holdings in Opthea over insolvency concerns

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... announcement. It remains suspended on the ASX and Nasdaq until March 31. Opthea last traded at 60 cents per share. The biotech firm is now exploring possible options in respect of its clinical trial program "with a view to identifying whether there is ...

Nominate now for the 2025 MAX Awards

STAFF WRITER  |  TUESDAY, 25 MAR 2025
Nominations are now open for the annual Financial Standard MAX (Marketing, Advertising and Sales Excellence) Awards. Now running for more than three decades, the MAX Awards recognises industry excellence in the fields of marketing, advertising and sales ...

Australians 'overwhelmed' by retirement: Aware

ELIZA BAVIN  |  MONDAY, 24 MAR 2025
... "What's great is that there is a growing understanding about how super can work for you, for example, most people over 45 now realise that when you retire as much as half of your super balance is made up of investment returns. "But there are clearly ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... Services Council chief executive Blake Briggs said: "Layers of red tape and onerous regulation has meant that financial advice now costs more than $5000 in some cases, putting it out of reach for millions of Australians. The government's broader ...

Resolution Capital to list second active ETF

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... Resolution Capital, the other being the Resolution Capital Global Property Securities Fund (RCAP) which also launched in 2021; it now has $3.2 billion in funds under management. Resolution Capital's total assets now sit at over $14 billion.