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Showing 1 - 10 of 23 results for "A¥ 60 trillion"

Chalmers chooses 'hard road of reform' in Budget

ELIZA BAVIN | TUESDAY, 12 MAY 2026

... Additionally, compared to the MYEFO, the Budget is $44.9 billion stronger than forecast. "It is more than a quarter of a trillion dollars better than what the Coalition left us," Chalmers said. "This is possible because of our responsible approach to ...

Super funds raise stakes in US investments to US$1.44tn

KARREN VERGARA | FRIDAY, 24 OCT 2025

... said: "To the country of Australia - thank you. With your funds, the investment you're making in the US of half a trillion dollars and announcing other trillion more - this is a fantastic way again for our two countries to continue to grow and strengthen ...

Using super as 'piggybank' would be a 'disaster': Schroder

ELIZA BAVIN | WEDNESDAY, 3 SEP 2025

... carry the investment risk, and it is their money," Schroder said. "We must break the piggybank mentality. Super is not a trillion-dollar fix-all. It cannot - and should not - be used to solve every complex national problem." This comes as Treasurer Jim ...

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

ANDREW MCKEAN | TUESDAY, 25 MAR 2025

... the expenditure is going up another $180 billion in losses coming up. So, the national debt is going to well exceed a trillion dollars, and the interest cost on that bill is going from $28 billion to nearly $40 billion in a few years' time," he said. ...

UniSuper prepared for buying opportunities

ELIZA BAVIN | TUESDAY, 18 FEB 2025

... Chinese-owned artificial intelligence company DeepSeek. "Its emergence sent shock waves through markets and sparked a trillion dollars to be wiped off the US market in just one day-and about $600 billion of that was Nvidia," he said. "The big tech companies ...

How far are we from a trillion-dollar super fund?

KANIKA SOOD | FRIDAY, 11 DEC 2020

... 20% each year. If this continues and not considering mergers, AustralianSuper could be at $500 billion by 2027 and a trillion dollars in 10 to 15 years from now," Dunnin said. Which fund is next? The next super fund to cross $200 billion will be Aware ...

Funds management in ASIC spotlight

ELIZA BAVIN | THURSDAY, 19 NOV 2020

... the review seeks to identify where "competition is effective, where it is not, and if not, why not". "There is over a trillion dollars' worth of assets under management in Australia, invested across retail investment products and wholesale funds. ...

Chief economist update: Budget me this Batman

BENJAMIN ONG | MONDAY, 12 OCT 2020

... fiscal expenditure - amounting to 11% of GDP this fiscal year -- on the nation's debt - that would reach more than a trillion A-dollars over the next three years - and the outlook for the Australian economy. For sure and for certain, this massive ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG | WEDNESDAY, 7 OCT 2020

... and 5.5% in 2023/24. To be sure, this largesse would send Australia's gross level of indebtedness up to more than a trillion Aussie dollars next year (based on Treasury estimates) that equates to 50.5% of GDP (from 44.8% of GDP in fiscal 2019/20) ...

Opposition in opposition: Labor responds

ELIZA BAVIN | TUESDAY, 6 OCT 2020

... Australians and that the budget presented by the Coalition will mean a deeper and longer recession. "This budget will rack up a trillion dollars of debt but still doesn't do enough to create jobs, fails to build for the future and leaves too many Australians ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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