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

Recession-style policy but no recession: Grattan

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... bigger - it has increased as a share of the economy. Government spending peaked during the pandemic, as measures like JobKeeper and other stimulus payments were needed, but it has settled now at a higher level than it was previously. Government spending ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
... Coolabah Capital Investments, taking its ownership to 35%. At the height of the pandemic, Pinnacle received $1.2 million in JobKeeper payments over the course of two financial years, all which Pinnacle did not pay back but donated to its own foundation. ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... summarising common terminology and advice concepts. Separately, ASIC published a list of public companies that received a JobKeeper payment. Under new JobKeeper disclosure requirements, all listed firms that received such a payment must report the total ...

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 ...
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