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Showing 1 - 10 of 18 results for "2013/14 MYEFO"

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
A range of tax and superannuation changes that were announced by the previous government but never legislated have been scrapped by the Labor government. To provide certainty to industry and those that would have been impacted by the measures, the government ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
"Never ask a barber if you need a haircut," Warren Buffett once famously advised. The barber's nod will invariably be met with opposition from shampoo manufacturers. Such is the divide between the Morrison government (the barber) and labour unions ...

Legacy pensions score win

KARREN VERGARA  |  WEDNESDAY, 13 JAN 2021
... "It also ensures appropriate tax outcomes for these retirees given their prior inability to comply with the TBC rules," MYEFO documents show. "The government is amending the law to ensure that retirees who have commuted and restarted certain market-linked ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... to stabilise economic output. The proof has been found in the pudding in the Australian government's budget update, MYEFO, with the upward revision in GDP growth forecasts and downward revisions in the outlook for the unemployment rate and future ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
Federal Treasurer Josh Frydenberg said the medium-term effects of COVID-19 have made it necessary to recalibrate the government's fiscal strategy ahead of the budget release. Frydenberg said the government will continue to offer strong economic support ...

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
... point of access to state and territory-based services for older people and their families seeking to address elder abuse. MYEFO also showed superannuation fund tax receipts have been revised up by $400 million in 2018-19, and revised down by $2.4 billion ...

Ho ho hum MYEFO

BENJAMIN ONG  |  TUESDAY, 19 DEC 2017
What a difference seven months made. More specifically the time Budget 2017-18 was released last May to the Mid-Year Economic and Fiscal Outlook (MYEFO) released yesterday. The difference is A$5.8 billion. This is the improvement in the country's budget ...

Super tax receipts to reach $8bn: MYEFO

DARREN SNYDER  |  MONDAY, 19 DEC 2016
The biggest changes to superannuation in a decade will cost the Federal Government $130 million in revenue but improve its underlying cash balance by about $3 billion out to 2020. These figures formed part of the government's Mid-Year Economic and Fiscal ...

Ageing Australia will impact budget for next decade

DARREN SNYDER  |  FRIDAY, 29 JAN 2016
An ageing population and the associated pressures on health funding are expected to place significant tolls on the federal budget over the next decade according to a Treasury official. Secretary to the Treasury, John Fraser told the Sydney Institute ...

MYEFO writes down billions in super fund taxes

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
... $1.4 billion (14.9%) in 2015-16. A total of $5.5 billion in super fund taxes was written down across the forward estimates. MYEFO said super fund tax write downs were largely owing to weaker forecasts in capital gains tax and higher than expected losses ...
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