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Showing 81 - 90 of 662 results for "expenditure"

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... Age Pension and supporting the economy. According to the report, mandatory superannuation will lead to a decrease in expenditure on Australian government age and service pensions from approximately 2.3% of GDP in the fiscal year 2022-2023 to about 2.0% ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... Independent Studies, penned by Dimitri Burshtein, the sovereign wealth fund stands as the Commonwealth's tenth largest expenditure, incurring an annual interest cost of $10 billion. "The $250 billion of capital currently managed by the Future Fund ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... the lack of clarity or transparency on what happens to the proceeds of enforcement activities. "ASIC has estimated expenditure of $18.2 million in 2022/23 on enforcement activity in our sector, yet recoveries are only $2.1 million. Financial advisers ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... regulatory activities. He wants to act against unlicenced operators, regulate emerging sectors as well as capital expenditure, either across a broader population or over time to recognise the wider benefits of those activities. For example, crypto assets ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... hold," he said. "So, there are issues with raising the debt ceiling continually. The US needs to get on top of its expenditure issues, it needs to get on top of attempting to move toward a more balanced budget."

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... of this comes from petrol and diesel excise and tobacco and alcohol excise. These constraints set the scene for the expenditure side of the ledger. Sure, defence spending is up 5% to $40 billion in 22-23, and projected to jump 22% by 2027, and education ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... Australians should be covered," said McCrea. Further, around two-thirds of respondents said they would need annual expenditure consistent with, or exceeding, the ASFA Comfortable Standard to maintain their desired living standard in retirement. In the ...

The seven global megatrends to watch: CSIRO

CHLOE WALKER  |  MONDAY, 27 MAR 2023
... ageing and we continue to battle a high burden of chronic disease," Naughtin said. "When we look across healthcare expenditure within Australia, we see that a greater share of our GDP is dedicated towards healthcare, relative to what we see across other ...

UHNWs wealth in decline: Report

CHLOE WALKER  |  THURSDAY, 2 MAR 2023
... uncertainty, four in 10 HNWIs are planning to increase travel overseas, and a similar proportion plan to increase personal expenditure on leisure activities. "Whether due to an ongoing reassessment of lifestyles or continuing pent-up demand from the ...