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Showing 1 - 10 of 50 results for "Budget of"

Removing CGT breaks could boost budget by $22.7bn: Report

ANGELIQUE MINAS  |  FRIDAY, 10 OCT 2025
... and transport. Yet while households struggle, our tax system allows unbridled wealth growth at the top and starves the budget of the revenue needed for quality public services. Wealth taxes and ending tax breaks that disproportionately benefit the rich ...

Treasury welcomes new leader

MATTHEW WAI  |  WEDNESDAY, 11 JUN 2025
The Secretary of the Department of Finance will make history as the first woman to lead Treasury, commencing June 16. Jenny Wilkinson will replace Steven Kennedy, who is taking on a new role of Secretary of the Department of the Prime Minister and Cabinet. ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... assess their spending needs in retirement. This could be done by prompting people to use their own data to compile a budget of what their spending may be, with guidance and examples to give a sense of how much other retirees spend," the report said. ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
Senator Andrew Bragg requested a costing analysis on savings in Commonwealth Rent Assistance (CRA) anticipated from the Coalition's proposed super for housing policy. This policy would allow individuals to withdraw up to $50,000, up to a maximum 40% ...

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... release of $10 million expected by the end of the calendar year contingent on court approval and within the implementation budget of $22 million," it said in an announcement. EQT confirmed it would be acquiring AET from Insignia Financial back in August ...

No bubble risk in Sydney housing market: UBS

CHLOE WALKER  |  THURSDAY, 21 SEP 2023
... already been planted," it said. The study said in most world cities, buying a 60 square meter apartment exceeds the budget of the average annual income of a person in the skilled service sector. In Sydney, a skilled worker on the average income would ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... care facilities for frail aged people and NDIS service provision for people with a disability, the cost to the federal budget of that service provision would rise," the report said. "Formal care is more costly to the budget because carers are paid at ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Stakeholder responses to the federal budget are mixed at best, with many believing key measures require further consideration and consultation. Perhaps the measure that will most impact the financial services industry, the government remained firm in ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...
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