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Showing 1 - 10 of 51 results for "Budget Papers 2012-13"

Roads, railways, NBN winners in Budget

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
Labor's attempt to build new and revitalise existing roads and railways will see a $17.1 billion allocation over 10 years, while the NBN will receive a $3 billion bonanza. The Federal Budget commitment to improve transportation networks forms part ...

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

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
A breakdown of government revenue revealed the superannuation sector will contribute $25.6 billion to the government's bottom line in 2025-26 - an uplift of $9.7 billion since the MYEFO from taxes on the sector. "The upgrade to superannuation fund ...

VanEck to launch defence ETF

ANDREW MCKEAN  |  MONDAY, 9 SEP 2024
VanEck will list a global defence exchange-traded fund (ETF) this Thursday on the ASX. The VanEck Global Defence ETF (ASX: DFND) will offer exposure to a portfolio of companies across sectors such as aerospace and defence, and electronics equipment ...

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 ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
Australia's inflation rate, expected to fall from 6% now to 2.75% by 2025, shines a light on Australia's government interest payments and with it, Australia's relative debt position. At June end 2022, there was $895 billion in Australian government ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
Individuals locked into legacy retirement products will now have the chance to transfer into newer, more flexible products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The recovery of the Australian economy from COVID-19 has improved the budget position from initial projections, with a significantly lower than expected unemployment rate. The unemployment rate currently sits at 5.6%, which is lower than pre-pandemic ...

Chief economist update: Money plus confidence

BENJAMIN ONG  |  THURSDAY, 11 FEB 2021
"The circulation of confidence is better than the circulation of money." - James Madison, 4th President of the USA (1809-1817) and Founding Father The Morrison government circulating more money which, according to the Budget Papers 2020-21, amounts ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
The Morrison government has released its Mid-Year Economic Financial Outlook (MYEFO), proving the old saying 'You must spend money to make money' right. This quote, generally attributed to Roman playwright, poet and philosopher Titus Maccius ...
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