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Showing 1 - 10 of 23 results for "Treasury estimates"

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... support the recovery and build on tax cuts we announced in last year's budget and the budgets before that." Treasury estimates that extending the LMITO will boost GDP by around $4.5 billion in 2022/23 and will create an additional 20,000 jobs by ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... send Australia's gross level of indebtedness up to more than a trillion Aussie dollars next year (based on Treasury estimates) that equates to 50.5% of GDP (from 44.8% of GDP in fiscal 2019/20) before stabilising at 51.6% of GDP the following year ...

ERS surges $7bn in a week

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
Early Release of Super payments surged around $7 billion in the first week of July, according to Treasury estimates, but this may not be a reason to panic. Treasury estimates a further $7 billion was wiped from super funds as the second tranche of applications ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... revealed the COVID-19 social restrictions are costing the Australian economy $4 billion a week. New analysis from Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus, will see GDP fall 10% in the ...

Early super access impact double Treasury estimates

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
As unemployment continues to rise, latest analysis of the implications of the government's early access to super initiative has seen the estimated cost of the measures almost double. Research house Rice Warner has assessed the impact of the government's ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... financial years if they have lost a job or 20% of their income, as COVID-19 knocks down economic activity. The Treasury estimates it will cost about $27 billion or 1% of the superannuation system's total assets. To add context, in the five years ...

Super taxes break $35bn budget hit

ALEX DUNNIN  |  WEDNESDAY, 1 FEB 2017
... in 2012-13. But in a fiscal warning, and despite policy changes designed to trim the tax breaks, by 2019-20 Treasury estimates superannuation taxation expenditures will surge to $47 billion and be equivalent to 9% of the Commonwealth's anticipated $503 ...

Super is working but can be improved: Ripoll

MARK SMITH  |  FRIDAY, 20 FEB 2015
... year is saved from Age Pension outlays because individual superannuation savings. At the same time, he added, Treasury estimates that the cost to the tax system and ultimately to the tax-payer of concessions is around $30 billion. However, he did target ...

Government urged to leave super taxation alone

MARK SMITH  |  THURSDAY, 19 FEB 2015
... said. "Much of that talk arises from estimates made by the Federal Treasury. "There is reason to think that the Treasury estimates are inflated or, at least, are based on unreal behavioural assumptions. Whatever the position may be, if there is to be ...

Super tax subs worth $30bn in 2014

ALEX DUNNIN  |  TUESDAY, 3 FEB 2015
... employer superannuation contributions and the concessional tax rates that apply to superannuation entities. Treasury estimates these cost the Commonwealth Budget $29.7 billion in 2014. Recognising the hypthetical nature of these estimates, Treasury this ...
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