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Showing 1 - 10 of 77 results for %22Budget Papers%22

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... from a reduction of Age Pension payments due to increased superannuation balances for carers. Based on the 2023-24 budget papers, the initial annual cost of adding SG contributions to the Carer Payment at a rate of 12% would be around $944 million. By ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... needs to be appropriate safeguards to ensure the safe and responsible use of artificial intelligence." In the May federal budget, Labor backed the integration of quantum and artificial intelligence technologies into business operations and committed ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
... levy funding requirement for Commonwealth agencies such as ASIC and the ACCC was completely eliminated from the 2023-24 Budget, accounting for a $3.6 million reduction in the total financing required. Further, a slight decline (-1.6%) in the levy for ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... redirect intra-program priorities but the broad parameters are already set. Showing how this played in 2022-23, the Budget Papers state that the nation's economy is expected to grow only 1.8% in 2023 after surging twice as fast by 3.6% in 2022. Partly ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... interest payments on this debt were $17 billion in 2021-22 rising to $19 billion in 2022-23. By 2027, according to the budget papers, annual interest payments will be $27 billion being 42% higher. These payments, however, have consistently been slightly ...

Super industry levies insufficiently detailed: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 15 JUN 2022
... $61.3 million for 2022/23, a six percent rise year on year. ASFA notes much of the recent increase relates to the 2021-22 budget measure Stronger Consumer Outcomes for Members of Superannuation. But, ASFA has also said that there is insufficient detail ...

War in Ukraine sparks defence spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... computer programmers, and software engineers to boost our capacity to prevent and respond to cyber threats." In Budget papers, the government highlighted that is has already received 45 new F35 aircrafts, and has allocated funds for up to 75 M1A2 Abrams ...

Floods, fires, plagues catered to in Budget

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... taxing emissions. The government did not link climate change to the increasing frequency of natural disasters in its Budget papers. The Budget includes $1.3 billion of new investment to reduce emissions, $300 million of that to support low emissions ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... and continue to contribute to their preferred fund while undertaking overseas work and education opportunities," budget papers read.

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... from effectively using their retirement savings for health, aged care, and other large expenses in retirement," budget papers read. Individuals starting a new retirement product will be limited by the transfer balance cap rules and existing transfer ...
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