Economy

August 2017

Black Economy Taskforce Consultation Paper published – August 2017

Filed under: Economy and Finance, Economy,

The Black Economy Taskforce has published a paper listing dozens of policy ideas derived from its months of public consultation, and seeking further public input.

June 2017

Government reduces Future Fund investment target – July 2017

Filed under: Economy and Finance, Economy, Politics, Trade and industry, Investment,

The federal Government has reduced the Future Fund’s long-term target return by 50 basis points, reflecting “changed global investment market conditions”.

May 2017

Productivity Commission to examine GST distribution – May 2017

Filed under: Economy and Finance, Economy, Politics, Australian Politics,

Treasurer Scott Morrison has directed the Productivity Commission to examine the impact on the economy of the system that underpins the distribution of GST revenue to the States and Territories.

Budget Overview and Economic outlook – May 2017

Filed under: Economy and Finance, Economy, Politics, Australian Politics, Budget,

As foreshadowed by Treasurer Scott Morrison the week before the Budget this year’s Budget highlights the net operating balance alongside the underlying cash balance to reflect those Government payments which contribute to recurrent expenditure.

March 2017

Turnbull’s economic leadership fuels Coalition tensions – March 2017

Filed under: Economy and Finance, Economy, Politics, Australian Politics, Budget,

Prime Minister Malcolm Turnbull is expected to make a series of keynote speeches over coming weeks to try to shape a stronger economic message ahead of the May 9 Budget.

Growth rebounds in December quarter – March 2017

Filed under: Economy and Finance, Economy,

The December quarter National Accounts showed that the economy rebounded strongly from the unexpectedly weak result in the September quarter.

November 2016

Former trade minister joins Chinese port owner as consultant – November 2016

Filed under: Economy and Finance, Economy, Politics, Australian Politics, Foreign Affairs,

Former trade minister Andrew Robb has become a “high-level economic consultant” with the Chinese company Landbridge Group that now operates Darwin Port.

New regime for Employee Share Ownership proposed – November 2016

Filed under: Economy and Finance, Economy, Trade and industry, Investment,

The Minister for Revenue and Financial Services, Kelly O’Dwyer has released a discussion paper titled ‘National Innovation and Science Agenda – Employee Share Schemes’ for consultation.

October 2016

Australia and Singapore strengthen ties on trade, economic cooperation, defence – October 2016

Filed under: Economy and Finance, Economy, Politics, Australian Politics, Public Sector,

Agreements signed this month during an official visit to Australia by Singapore Prime Minister Lee Hsien Loong represent the most substantial upgrade in the Australia-Singapore relationship in a generation.

September 2016

Labor alleges ‘stitchup’ over banking inquiry – September 2016

Filed under: Economy and Finance, Banking, Economy,

The Government has announced details of the decision to have the House of Representatives Standing Committee on Economics to call the banks to account for their decision making.

Trade and growth at centre of Turnbull’s G20 pitch – September 2016

Filed under: Economy and Finance, Economy, Politics, Foreign Affairs, Trade and industry,

Prime Minister Malcolm Turnbull has urged world leaders to resist rising calls for protectionism, mostly stemming from slow economic growth.

August 2016

‘Good’ and ‘bad’ debt –like ‘good’ and ‘bad’ cholesterol – August 2016

Filed under: Economy and Finance, Economy, Politics, Australian Politics, Budget,

A new and significant debate is emerging in Australia about fiscal policy and Budget deficits, which challenges the accepted wisdom of recent years about the size of the Federal Budget deficit.

Turnbull returns to economy, seeks Labor support for Budget repair – August 2016

Filed under: Economy and Finance, Economy, Politics, Budget, Foreign Affairs,

Prime Minister Malcolm Turnbull says preliminary discussions have already begun on trading arrangements with Britain when it leaves the European Union. But he says that departure is still “some years” away.

Interest rate decision sparks renewed royal commission battle – August 2016

Filed under: Economy and Finance, Banking, Economy, Finance, Politics,

With Labor threatening to pursue its proposal for a banking royal commission in the new Parliament, the Coalition has produced an alternative.

July 2016

Turnbull argues only Coalition majority government can deliver stability – July 2016

Filed under: Economy and Finance, Economy, Politics, Elections, Foreign Affairs,

Prime Minister Malcolm Turnbull formally launched the Liberal Party election campaign June 25, stressing the need for “stability” after the British vote to leave the European Union.

June 2016

No real economic strategy from either major party – June 2016

Filed under: Australian Politics, Elections, Economy, Tax, Health,

At the halfway point on this eight-week campaign political static is overwhelming most significant policy – and political – debate.

Pre-election Economic and Fiscal Outlook – June 2016

Filed under: Australian Politics, Budget, Elections, Economy,

The Pre-election Economic and Fiscal Outlook (PEFO) report, released on May 20 retained most of the key elements of the May 3 Budget

Labor’s ‘Age-Friendly’ policy – June 2016

Filed under: Australian Politics, Elections, Economy, Age Pension,

Labor has announced an ‘age-friendly nation’ policy which includes a national strategy to “harness the economic and social potential of older Australians” and a repurposed grants program to focus on “active ageing”.

May 2016

Negative gearing and housing affordability debate escalates – May 2016

Filed under: Australian Politics, Elections, Economy, Housing,

Some of Australia’s biggest real estate firms are launching a campaign against Labor’s plans to curb negative gearing.

Labor Government would have mini-Budget – May 2016

Filed under: Australian Politics, Budget, Elections, Economy,

Shadow treasurer Chris Bowen has questioned the basis of the Coalition’s latest Budget, saying Australia’s AAA credit rating is under genuine threat.

Budget Outcome – Deficit forecasts – May 2016

Filed under: Economy and Finance, Economy, Politics, Budget,

The Budget forecasts a significant deterioration in the Budget outcome in the next three financial years, with a major deterioration in the outcome in 2018-19 compared to last year’s Budget.

Economic Forecasts – May 2016

Filed under: Economy and Finance, Economy, Politics, Budget,

The Budget forecasts a continuation of current economic conditions with continued moderate economic growth over the current and next two financial years, little change in household consumption spending and modest employment growth.

February 2016

Government’s problems are mostly self-inflicted – February 2016

Filed under: Australian Politics, Elections, Economy, Tax,

The three sitting weeks since parliament resumed on 2 February have been the worst for the Government since Malcolm Turnbull took over the Liberal Party leadership in September.

Government plagued by confusion and contradictions – February 2016

Filed under: Australian Politics, Opinion Polls, Economy, Tax,

The Government has shown signs of increased tensions and has appeared increasing ragged over the last two weeks as it has struggled to clarify its tax and economic messages.

Treasury secretary warns against complacency on Budget repair – February 2016

Filed under: Australian Politics, Budget, Economy,

Treasury secretary John Fraser has warned that complacency about the level of Government spending could put Australia’s prized AAA credit rating at risk.

December 2015

Malcom Turnbull – opening up the tax reform debate – December 2015

Filed under: Australian Politics, Elections, Opinion Polls, Economy, Climate Change,

Not surprisingly, the sheen is starting to wear off Malcolm Turnbull’s prime ministership – but not by much.

MYEFO outlook relies on yet-to-be-announced savings – December 2015

Filed under: Australian Politics, Budget, Economy,

Treasurer Scott Morrison’s first major economic statement, the Mid-Year Economic and Fiscal Outlook (MYEFO), revises up the current year’s forecast Budget deficit to $37.4 billion from the $35.1 billion forecast in May.

Innovation Statement - Intangible asset depreciation – December 2015

Filed under: Australian Politics, Economy, Tax,

The Government proposes to provide businesses with a new option to self-assess the tax effective life of acquired intangible assets.

Innovation Statement - Insolvency law reform – December 2015

Filed under: Australian Politics, Economy, Business,

The Government proposes to change existing insolvency laws to reduce the current default bankruptcy period from three years to one year.

Government says “more realistic domestic growth outlook” – December 2015

Filed under: Australian Politics, Budget, Economy,

“Despite revenue write downs of almost $34 billion caused by falling commodity prices, a declining terms of trade, weaker global growth and the adoption of a more realistic domestic growth outlook we continue patiently and responsibly on the path to budget balance.”

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