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Showing 1 - 10 of 100+ results for "JobKeeper"

ATO will not pursue erroneous JobKeeper payments

KARREN VERGARA  |  MONDAY, 13 SEP 2021
The Australian Tax Office announced it will not pursue businesses that took advantage of JobKeeper despite raking in large profits, nor will it ask small businesses to repay $180 million claimed in error. The ATO revealed that over one million businesses ...

Financial services market skyrockets

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
... services market," she said. "The huge amount of stimulus injected into the economy through programs such as the $89 billion JobKeeper wage subsidy has supported the economy over the last year and is still having an impact today with house prices continuing ...

Pandemic hasn't killed retail: Airlie

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... Investments and Nick Scali prove COVID-19 was not all bad news for physical retailers. "A lot of these businesses received JobKeeper, and for the retailers they had the added benefit of all the stimulus payments - a lot of them found their way into retailers' ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... disproving earlier apprehensions that around 100K-150,000 Australians would lose employment after the government's JobKeeper scheme ended in March. My back of the envelope calculations shows that a total of 256,000 jobs have been created in the first ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... is 6). Note that the survey was taken after reports of delays in Australia's vaccine roll-outs and the end of the JobKeeper scheme at the end of March and before the Australian Federal Treasury's spending splurge announced in the 2021/22 Budget. ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... economy more than A$1B (some estimates of up to A$2B), with the effects compounded by the absence of support measures like JobKeeper". If all goes well, this newly-imposed seven-day lockdown would go the same way of the five-day lockdown imposed only ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... $561.8 billion experienced single-digit growth of 6% and 8% respectively. During the quarter, when the government's JobKeeper program ended, employer contributions of $24 billion decreased by 1.1%. The latest Australian Tax Office's statistics show that ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... has been proven time after time but more recently in the Australian Federal Treasury's prediction of life after JobKeeper. Speaking before the Economics Legislation Committee on March 24, treasury secretary Steven Kennedy warned that between 100,000 ...

Chief economist update: Confidently sustaining the recovery

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2021
... non-farm business sector." This was after reports of delays in Australia's vaccine roll-outs and the end of the JobKeeper scheme at the end of March....and more, much more than this, the survey was conducted before the federal Treasury's spending ...

COVID support temporarily improves inequality

KANIKA SOOD  |  MONDAY, 17 MAY 2021
... is likely to be temporary. It reflects, among other things, government support directed towards young people through JobKeeper and JobSeeker payments, which ended in March this year." The index considers 24 indicators (economic, housing, social, health ...
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