Legislation

More than three million Australians are at risk of financial ruin if they attempt to claim on insurance policies in superannuation after July 1 – only to find out they have been switched off under the Protecting Your Super package.
The Government released a big spending Budget last night. With an election likely to be called shortly and held in May, the Government is using this Budget to woo voters. It is important to remember that the Budget announcements are only proposals at this stage. Each one must be passed by Parliament before they are legislated.  Labor will respond with their Budget reply on Thursday night.
In this instalment of the monthly Economic Update courtesy of Kaplan Professional, Industry Super Australia chief economist Stephen Anthony gives us his view about Australia’s national shortage of affordable housing, the ‘infrastructure’ of social cohesion and the provision of an efficient mechanism to deliver equity capital to affordable housing providers.
This month we speak with Shane Oliver head of investment strategy and economics and chief economist and AMP Capita about falling house prices, economic warning flags, and how the US and China are positioning themselves in the early days of a trade war. Brought to you courtesy of Kaplan Professional.
In our economic update for June economist we hear from David Bassanese, Chief Economist at BetaShares, a leading ETF manager, and previously an economic columnist for The Australian Financial Review for over a decade. Prior to the AFR, David spent several years in the financial markets as a senior economist and interest rate strategist at Bankers Trust and Macquarie Bank. Kaplan Ontrack asked Bassanese for his views on the Federal Budget, the future of Australia’s major banks and why he still likes the US tech giants.
Overnight the treasurer Scott Morrison has handed down a pre-election budget with headlined tax savings, commitments to aged care and small business spending incentives. Whilst these are the areas getting most of the media attention, there are some proposed changes that have implications in a number of other areas.
This month Michael Pollack of Kaplan Professional speaks with ANZ’s senior economist Felicity Emmett about the RBA’s recently released Financial Stability Review.
Treasurer Scott Morrison’s first budget of the Coalition’s second term in office marked a significant shift in tone from the tough stance of its three previous budgets. Gone is the mantra of debt and deficit. Instead the Treasurer has balanced the government’s resolve to live within its means with promises to tackle the cost of living and provide the services people need to get ahead.

The Grinch is associated with Christmas and for many retirees receiving a partial age pension the changes to social security eligibility assessment that take effect on 1st January 2017 may make it feel like he is paying retirees a visit this year! Centrelink has already...