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The Federal Government Announces Plans To Expand The Snowy Hydro Even Further
20 May 2017, 03:04 | Jan Cross
"In requiring big banks to give consumers greater control over their own data, the government has stood up to the banking sector lobbyists and shown it's serious about boosting competition in financial services in Australia", he said.
ALL but the most disadvantaged Australians will be hit by a big tax rise as the Government uses the Budget to regain ground on health spending.
Former prime minister John Howard has also called it a tax.
He would not say whether he would retain last year's target of returning the budget to surplus in 2020-21.
"Right now, the major banks of Australia are very angry".
Credit Suisse analysts estimated in a note on Wednesday that the levy would cost financial institutions around A$1.6 billion a year, or around 5 percent of the banks' current profits.
The government plans to clamp down on the hiring of foreign workers and to impose hefty taxes and charges on overseas investors in property that will collect an extra A$600 million over the next four years.
Qantas CEO Alan Joyce said surprises and uncertainty are not good for business, as he warned against making Australia less competitive.
At the same time, schools will face a $22 billion easing in funding and the Medicare GP rebate freeze won't come off in its entirety.
'WannaCry' Ransomware Attack Stymies Global PCs
On top of that, critics say, the government didn't notify companies like Microsoft about the vulnerabilities quickly enough. Now some are blaming Microsoft for this ransomware attack , and not following up on security measures.
Russian FM mocks US media over intelligence-sharing reports
President Donald Trump addresses a press conference at the White House in Washington D.C., the United States , on April 12, 2017. Trump has admitted he shared information with Russian foreign minister Sergei Lavrov, saying he had every right to do so.
Trump hints he may end daily White House press briefings
In an interview with United States media, President Trump also accused him being a "showboat" and a "grandstander". The US President told reporters "we can make a fast decision" and that it was "possible" it could be by Friday.
In a post-budget breakfast address to about 100 guests at accounting giants PwC in Canberra, Mr Costello said the government's strategy seemed to be simply to rely on the economy growing, and debt as a share of the economy to fall. The budget pledges $8.4 billion in equity to the Australian Rail Track Corporation to pay for the project that it forecasts will generate 16,000 jobs at the peak of construction.
Businesses with a turnover of up to $50 million will receive a company tax cut and the $20,000 asset write-off has been extended for a second year.
Mr Turnbull also acknowledged an increase in the Medicare levy will be an extra tax on families, but said its role in funding the NDIS made it worthwhile.
The conservative government of Prime Minister Malcolm Turnbull has blamed a lack of supply for sky-rocketing house prices and on Tuesday announced setting up a A$1 billion National Housing Infrastructure Facility to help develop new homes.
A housing affordability package includes a "first home super savers scheme" that will provide a tax cut for those trying to get a deposit together. It would mean that it would be taxed at 15% rather than the marginal tax rate, and when the money is withdrawn, it is taxed at marginal tax rates less a 30% offset.
Downsizers over the age of 65 will be able to make a non-concessional contribution of up to $300,000 into their super fund from selling the family home.
That's expected to generate 60,000 jobs in the long term.
Western Australia gaining $1.6 billion to improve road access to the Fiona Stanley Hospital precinct and $700 million for its METRONET rail project. The government will also establish a trust to get investors - both foreign and domestic - interested in investing in affordable housing.
Sweden drops Julian Assange rape investigation
The Wikileaks founder has chosen to remain in the embassy as he fears extradition to Sweden would lead to extradition to the US. Australian national, Assange, 45, has lived in the Ecuadoran embassy in London since 2012, trying to avoid extradition .
Police investigate killing of OH police chief, 2 others
ORIGINAL: ( NBC News ) - Four people, including a police chief and a gunman, are dead following a shooting at an OH nursing home. John Kasich ordered flags flown at half-staff in Licking County and the Statehouse and expressed his condolences in a tweet.
Let's Remind Trump What A Real Witch Hunt Looked Like
Trump has long bristled at the notion that Russian Federation played any role in his November election victory over Clinton. He said he respected the special counsel appointment but also said it "hurts our country terribly".
Ferrexpo Plc (FXPO) Insider Sells £20385.39 in Stock
Numis Securities Ltd reaffirmed their add rating on shares of Just Eat PLC (LON:JE) in a report issued on Tuesday morning. The shares were bought at an average price of GBX 542 ($7.00) per share, with a total value of £79,251.24 ($102,325.68).
EC to link all EVMs to VVPAT by 2019
However, the poll body has been maintaining that EVMs are tamper proof and can not be manipulated. Before that the AAP legislator also showed how the EVM initially gives proper and correct result.
Sweden drops rape investigation into Assange
He has been there ever since, fearing that if he is arrested he might ultimately be extradited to the United States. Assange, an Australian national, was questioned in November in the presence of a Swedish prosecutor.
Sheffield Wednesday v Huddersfield Town
As Dortmund II coach under Jurgen Klopp, Wagner is something of a disciple of the Liverpool boss and his "gegenpressing" style. And even despite the huge progress of Huddersfield , personally, I do not really believe in their exit to the Premier League.