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'Temporary' COVID Disaster Payment Offered to Victorians: Aussie PM


‘Temporary’ COVID Disaster Payment Offered to Victorians: Aussie PM
Victorians who lose 20 or more work hours per week due to state government lockdowns will be eligible for up to $500 from the federal government.
Those who lose under 20 hours per week will be eligible for $325, but must not have liquid assets of more than $10,000, Australian Prime Minister Scott Morrison announced on June 3.
“Australians who have had their hours of work and income significantly affected due to state lockdowns will be eligible for a temporary COVID Disaster Payment,” Morrison said in a statement.
“The rapid support will be paid weekly to those workers who reside or work in a Commonwealth declared hotspot and are therefore unable to attend work and earn an income as a result of state-imposed health restrictions, which last for greater than one week.” ....

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Labor backs abolition of land tax and stamp duty

2 minute read object(stdClass)#18525 (8) { [ image intro ]=> string(56) images/articleimages-391x261/850x492/Jim-Chalmers-ad.jpg [ float intro ]=> string(0) [ image intro alt ]=> string(48) Labor backs abolition of land tax and stamp duty [ image intro caption ]=> string(0) [ image fulltext ]=> string(0) [ float fulltext ]=> string(0) [ image fulltext alt ]=> string(0) [ image fulltext caption ]=> string(0) } John Buckley A A Labor shadow Treasurer Jim Chalmers on Wednesday offered words of support for a national scheme that would see the abolition of stamp duty and land tax in exchange for property fees.  Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778434582-0 ); }); } Advertisement Mr Chalmers pointed to measures adopted by the ACT, who in 2012 began gradually phasing out stamp duty as part of ....

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Australian Finance Minister Confident of Keeping AAA Credit Rating


Australian Finance Minister Confident of Keeping AAA Credit Rating
Finance Minister Simon Birmingham is confident Australia will retain its AAA credit rating after the government last week unveiled a big spending program with the release of the 2021-22 federal budget.
When asked on whether the government would be responsible for a possible downgrade of its credit rating after the release of the budget, Senator Birmingham responded, “We are not expecting that to happen.”
“The rating agencies themselves issued their own statements, in their own words, last week in which they were very positive about the government’s strategy in this budget and the approach we are taking,” he told Sky News Australia. ....

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