Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 160 results for "Cost of living"

Millions to receive tax offset

TOM WATSON  |  TUESDAY, 29 MAR 2022
... this year following an announcement outlined in today's Budget. Billed by the federal government as a 'cost of living tax offset', the reduction will be combined with the existing low and middle income tax offset (LMITO) which applies to ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
... of petrol and groceries to rent and childcare seemingly on the rise, the federal government has sought to target cost of living concerns in its 2022-23 budget with a number of temporary spending measures. For starters, roughly six million eligible pensioners ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
The 2022 Federal Budget delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise ...

Tough news for those already doing it tough

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... shown much sympathy in the new Federal Budget. No payment increases were announced for the unemployed, despite cost of living pressures being felt Australia-wide. JobSeeker indexation occurs on 20 September and 20 March each year, March's indexation ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... matters cannot wait to be rolled out as election promises. Top of mind for voters is likely to be the increased cost of living, especially with petrol prices soaring to well over $2 a litre. Professor of economics at UNSW Business School Richard Holden ...

Accountants lobby for 10 budget reforms

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
... or that receive rental assistance," Grant said. "Many of these people - mostly women - are struggling with the cost of living and are under strained circumstances." Finally, CA ANZ suggests abolishing the Tourist Refund Scheme. "Australia is the only ...

Key Budget measure won't help economy: Academic

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... anything to address long-term structural issues in Australia's economy. A one-off payment to combat the rising cost of living is expected to be announced by Treasurer Josh Frydenberg when he hands down the 2022/23 Federal Budget next Tuesday. While it ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... wake of COVID-19, but it has unintended consequences," Fisher said. "There is no wage growth, no inflation but the cost of living has been skyrocketing. There is no money being paid on savings in the bank, which is untenable particularly for retirees." ...

Cost of living eroding super: ASFA

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
The cost of food and healthcare continue to eat up retirees' nest eggs, according to a retirement index that shows overall day-to-day necessities are becoming too expensive. The latest estimates from the Association of Superannuation Funds of Australia ...

Household capital a retirement solution: Research

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... senior Australians want to remain in their home for as long possible but limited superannuation and the rising cost of living is restricting this. Around 36% of older Australians live in a home that may be unsuitable for "ageing in place", without upgrades ...