federal budget

Features

‘No big wins’ for advice sector in 2024 budget

The FSC and FAAA have pinpointed the small wins and losses in Treasurer Jim Chalmers’ third budget, noting that successfully achieving change can be a "hard grind" for th...

Policy & Regulation

Chalmers hands down 2024–25 budget

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

Financial planning

What does the advice sector want from this year’s budget?

The Financial Advice Association Australia has released its pre-budget submission, including six key items to help reduce the cost of professional advice and increase its...

Financial planning

Financial gender equality progress weakens in March quarter

The Financy Women’s Index has slipped for the second quarter in a row as cost-of-living pressures continue to bite. ...

Features

Budget 2023: much-needed or a missed opportunity?

While many welcomed Treasurer Jim Chalmers’ second budget with its $14.6 billion cost-of-living plan, some industry professionals are concerned with what was left out. ...

Financial planning

Budget 2023: Advice industry reacts to policies

The Financial Services Council and Financial Advice Association Australia have welcomed the 2023 budget from Treasurer Jim Chalmers but feel there is a lack of informatio...

Funds management

Budget 2023: NAB 'concerned' RBA will hike again

The major bank's chief economist said the RBA may hike rates further, despite stating he is "worried" the economic slowdown would be sharper than projected in the governm...

Funds management

Budget 2023: Economic growth to slow to 1.5%

Treasurer Jim Chalmers has warned economic growth is expected to slow significantly to 1.5 per cent in 2024....

Policy & Regulation

Jones promises ‘ambitious’ climate agenda in 2023–24 Budget

Speaking at the 2023 ACSI Annual Conference, Minister Stephen Jones said the government would prefer doing “too much too soon, not too little too late” on its sustainabil...

Policy & Regulation

Grattan Institute’s bold reforms to boost revenue

Redesigning the Stage 3 tax cuts and increasing the age to access super by five years are among the suggestions from the Grattan Institute to boost revenue. ...

Financial planning

Budget 2022: Cost of living payments announced

The Government has announced a series of measures and one-off payments to help Australians cope with the increased cost of living....

Policy & Regulation

Govt to introduce FMI reforms

The corporate regulator and the Reserve Bank will have more power to intervene to manage a crisis and preemptively identify and manage risks in financial market infrastru...

Superannuation

Balanced funds up 2.1% in April

Balanced superannuation funds have returned 14.5% over the 2020-21 financial year to date thanks to an improving economic situation and confidence in state and federal va...

Policy & Regulation

Treasurer’s office insists ASIC will have more, not less staff

Treasurer Josh Frydenberg’s office is arguing that the Australian Securities and Investments Commission has not missed out on staffing resources in the Budget. ...