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Showing 1 - 10 of 66 results for "Rudd Government"

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... and spending will need to be made. "This will prove an even more severe a test for the Labor government as the Rudd government faced in the wake of the Global Financial Crisis (GFC), as this time, splashing the cash will be no antidote for what ails ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... to Treasurer Josh Frydenberg last week to ask him to institute the same measures for SMSF pensioners that the Rudd Government introduced during the Global Financial Crisis. In 2008, the government made a temporary reduction to the minimum pension payment ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... director Chris Richardson said the initial tax refunds would act much like the stimulus cheques mailed out by the Rudd government during the depths of the global financial crisis in February 2009." "On that occasion, cheques of $950, worth a combined ...

Personal tax cuts lead the Budget

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... companies will no longer get tax breaks over Australian companies - calling it "another tax loophole opened up by the Rudd Government." The government also wants digital companies to pay up their taxes. "Over the past year I have been working with counterparts ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
... same period. When the coalition government was elected in 2013, net Government debt was $160 billion; when the Rudd government was elected in 2007 Australia didn't have a net government debt but had $24 billion in the bank. This illustrates how the 11-year ...

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... families delaying the purchase of their first home," budget documents say. While the scheme is loosely based on the Rudd government's first home saver account that were introduced in 2008 but abandoned by the Abbott government, this new scheme will operate ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 12 APR 2016
... - meaning government debt has increased $165 billion since this time. In June 2007, about the same time as the Rudd government was elected, total government debt was just $58 billion, ie, government debt has increased more than 600% since this time. ...

Lift preservation age to 65, save $7bn annually

ALEX DUNNIN  |  TUESDAY, 7 JUL 2015
... for] almost one half of men and over one-third of women who retire between the ages of 60 and 64." The previous Rudd government in 2009 lifted the age at which retirees born after 1957 to 67 years can access their age pension. The Abbott government increased ...

ASX endorses Henry board director bid

ALICE URIBE  |  WEDNESDAY, 25 SEP 2013
... way. I look forward to introducing new directors to you in due course." Henry was an economic advisor for the Rudd government during the global financial crisis and responsible for implementing the $42 billion stimulus package. Holliday-Smith reiterated ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
... for the Trio Fraud to justice," he said. Matters also noted that the VOFF "has no longer any confidence on the Rudd government to effectively tackle the problem" after it tried to meet Treasurer Chris Bowen and received no response. The VOFF have recently ...
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