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Showing 1 - 10 of 146 results for %22Rudd government%22

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 ...

Chief economist update: Prime Minister Suga

BENJAMIN ONG  |  TUESDAY, 15 SEP 2020
... prime minister provided relative policy stability in a country that changed leaders more often than Australia since Kevin Rudd. Prime Minister Suga promises continuity of his predecessor's policies, declaring at a joint plenary meeting of LDP members ...

Labor says yes, economists say no to SG rise

ELIZA BAVIN  |  TUESDAY, 1 SEP 2020
Former Labor Prime Ministers Kevin Rudd and Paul Keating have slammed the possibility the Liberal party may ditch the planned rise to the super guarantee as economists warn against it going ahead. Speaking at a socially distanced press conference, Rudd ...

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 ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... audience with the retirement income review panel. De Gori's letter calls on the government to mirror the decision of the Rudd Labor government as it dealt with the fallout of the Global Financial Crisis in 2008 to reduce the minimum annual payment ...

Chief economist update: 'Paradox of Thrift' in action

BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
... 79.0 by July 2008) - the frog was dropped into boiling water. That got Kevin 07's (then Australian Prime Minister Kevin Rudd) attention, didn't it? As headlined in The Age (14 October 2008): "Rudd unveils $10.4b stimulus plan" that "includes ...

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 ...

Former Labor senator joins Sargon

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
A former cabinet minister in the Rudd and Gillard governments was appointed to Sargon's board. Stephen Conroy has joined as a non-executive director at Sargon, as the firm embarks on its next growth phase. Commenting on Conroy's appointment, Sargon ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... ago when the Abbott Government was elected in 2013, which in-turn was more than four times the $58 billion it was when the Rudd Labor Government was elected in 2007. Australia's Federal Budget is still 46% reliant on individual taxpayers, which is ...

UK to introduce new pension scheme

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
... run by commercial Master Trusts - potentially reaching millions of retirement savers." Work and pensions secretary Amber Rudd said the UK will bring forward primary legislation to introduce the new scheme "as soon as parliamentary allows". Royal Mail ...
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