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Showing 1 - 10 of 33 results for "Treasury estimates"

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
APRA's funding levy will rise by 4.2% to $253.3 million for the 2027 financial year, Treasury estimates show, with superannuation funds expected to cover one third of this charge. Split across the sectors it regulates, APRA apportioned $81.2 million ...

Budget doubles down on housing supply with $2bn infrastructure push

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... faster approvals processes, greater land availability and simplification of the National Construction Code. Treasury estimates such changes could generate regulatory savings of up to $3 billion annually if compliance costs are reduced by 10%. The announcement ...

Treasury downgrades productivity assumptions

ELIZA BAVIN  |  FRIDAY, 20 MAR 2026
... facing inflation challenges in the near term, productivity in the medium term and ongoing global uncertainty. "Treasury estimates that GDP would be 0.6% lower in 2027 and even by 2029 would still be below where it would have been without the conflict ...

Chalmers says Budget will make 'hard decisions'

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... Australian economy faces uncertain times ahead. Chalmers said as the conflict in the Middle East continues, Treasury estimates inflation could peak in the "high fours or even higher" this year. "These effects add a further quarter of a percentage point ...

Treasury seeks feedback on major super tax reform

KARREN VERGARA  |  FRIDAY, 19 DEC 2025
... defined benefit schemes. The tax is imposed directly on the individual but can be paid from their superannuation. Treasury estimates the reforms will affect less than 0.5% of Australians in FY26. Those above the $10 million threshold will affect less ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... Australian taxpayers are in effect funding the retirement of the very wealthiest in the country," he said. Treasury estimates that the concessions on superannuation earnings and contributions cost the government $51.7 billion in foregone revenue in the ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... employers will be required to pay their employees' super with every pay cycle, as opposed to quarterly. Treasury estimates some 8.9 million employees will benefit from higher retirement savings as a result; Super Members Council estimates show the ...

More to do in the fight against inflation: Chalmers

ELIZA BAVIN  |  TUESDAY, 3 SEP 2024
... the cost of living for Australians at the same time as we fight inflation in our economy," Chalmers said. "Treasury estimates the government's energy bill relief and additional increase to Commonwealth Rent Assistance are expected to directly reduce ...

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... distribution of these benefits is incredibly unequal," Australia Institute research fellow Minh Ngoc Le said. "Treasury estimates show that, dollar for dollar, high income earners actually receive more government support than those on middle and low ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... Separately, Treasury is seeking feedback on the proposed levies for APRA affecting the 2024-25 financial year. Treasury estimates it will cost a net total of $246.1 million in FY25 to recover APRA's operational costs - up 10% year on year. APRA's ...
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