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Showing 1 - 10 of 46 results for "May budget"

Inflation rises 3.8%, rate rise 'firmly in play'

ELIZA BAVIN | WEDNESDAY, 25 FEB 2026

... see' approach over the next few months as labour market, national accounts and inflation data evolve." Smith added the May Budget needs to "meet the moment" and outline significant economic and tax reform. "As living standards atrophy and as the ...

Chalmers to focus on productivity, economic repair in 2026 Budget

ELIZA BAVIN | FRIDAY, 30 JAN 2026

... productivity in Australia with his sights set on increasing private investment to help boost the economy. He said the May Budget will also focus on rolling out more cost-of-living relief for Australians doing it tough. "Obviously, when we put the Budget ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN | WEDNESDAY, 18 DEC 2024

... Australians to repay." The Treasurer reported that the deficit for this year will be $1.3 billion smaller since the May budget, and $20 billion smaller than it was in the pre-election fiscal outlook (PEFO). "We are on track for a soft landing, and you ...

Government reports improved fiscal outlook

ANDREW MCKEAN | WEDNESDAY, 13 DEC 2023

... the mid-year update shows that deficits and debt are now lower in every year of the forward estimates compared to the May Budget and are significantly lower compared to what we inherited," Gallagher said. "This result builds on the fiscal discipline ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI | WEDNESDAY, 17 MAY 2023

For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI | FRIDAY, 5 MAY 2023

While the Reserve Bank of Australia (RBA) is focused on cooling inflation, it's unlikely the May budget will look to boost the economy, Commonwealth Bank's Gareth Aird tells Financial Standard. Some were stumped this week after the RBA sent ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI | FRIDAY, 14 APR 2023

... Chalmers said the government is putting "finishing touches" on the budget which is due to be handed down next month. "The May budget will be defined in so many ways by the economic pressures that we're seeing from around the world, but which are ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR | THURSDAY, 16 DEC 2021

... aged 65 and over have taken it up, perhaps as few as 5000 - one in every 800," they explained. "So, in this year's May budget the government announced two changes to make it more attractive. "One was a 'no negative equity guarantee'. Users ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD | WEDNESDAY, 5 SEP 2018

... from superannuation funds but there is still a long wait for both, according to State Street Global Australia. In its May budget, the Federal Government said it would introduce a retirement income covenant requiring super fund trustees to offer Comprehensive ...

ARCO takes a net short on Australian financials

KANIKA SOOD | WEDNESDAY, 1 AUG 2018

... [administration work stemming from super reform] although clearly the changes in low value superannuation accounts in the May budget is a negative for me," Colman said. He also thinks Link has a strong position in superannuation administration and they ...

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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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