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Showing 1 - 10 of 117 results for "Morrison Government"

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... years and six months' imprisonment. The third woman was sentenced in April to five months in prison. The Morrison government at the height of COIVD-19 allowed the withdrawal of $10,000 from super savings over two financial years if members lost a ...

Budget 2024: Stage 3 tax cuts to take effect July 1

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... their tax cut reduced while lower income earners will receive more relief than previously promised by the Morrison government. Treasury will reduce the 19% tax rate to 16% and increase the threshold for the 37% tax rate from $120,000 to $135,000. Treasurer ...

Stage 3 tax cuts pass Senate

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... impact of these tax cuts is expected to be $107 billion over the forward estimates," the government said. The Morrison government legislated the tax cuts in 2018 when it was in power at the time. It originally proposed tax reductions for those earning ...

Treasury unveils Stage 3 tax cuts changes

KARREN VERGARA  |  MONDAY, 29 JAN 2024
... Block Australia Treasury argued that the changes were necessary as the original tax cuts legislated by the Morrison government in 2018 were no longer fit for purpose following the COVID-19 pandemic and other "unanticipated shocks". "The recommended package ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... tax bracket will remain at $180,000. Those making more than this will be slapped with a 45% tax rate. The Morrison government legislated the tax cuts in 2018 when it was in power at the time. It originally proposed tax reductions for those earning $45,000 ...

Inflation remains high priority in 2023: Treasurer

CASSANDRA BALDINI  |  MONDAY, 6 FEB 2023
... would see that I'm not repudiating Hawke and Keating, but embracing them," he said. "The leftovers from the Morrison government don't get this - they've completely vacated the contest of ideas. They are stuck in the past and scared of the future." Looking ...

ASIC releases estimate cost recovery levies for 2021/22

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... retail clients on relevant financial products. The $1500 flat per licensee charge remains unchanged after the Morrison government capped ASIC's recovery levy charges to help advisers deal with the impacts of COVID and regulatory reforms. ASIC stated ...

Government proposes further expansion of downsizer scheme

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
The Morrison government has said it will expand the downsizer superannuation scheme by reducing the minimum eligibility age if re-elected this weekend. At present, the downsizer superannuation scheme is only available to those aged 65 years and over. ...

Industry pans early release superannuation policy

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
The Morrison government's re-election Hail Mary policy to allow early superannuation withdrawals to be used for house deposits has been widely condemned. A joint media release between Scott Morrison, Michael Sukkar and Jane Hume boldly proclaimed that ...

Low wage growth a deliberate design feature: ACTU

ANDREW MCKEAN  |  TUESDAY, 3 MAY 2022
... of low wage growth. The Morrison missing in action on wages report shows that over the entire term of the Morrison government, real wages have fallen by 2.3%. This is the first time this century that workers' real incomes are lower as they head to the ...
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