Federal Budget 2017: Banks would pass on new tax to customers
Federal Budget 2017: Banks would pass on new tax to customers
10 May, 2017, 03:51
Labor holds a clear poll lead over the coalition as Treasurer Scott Morrison prepares to release his second budget.
The Turnbull Government is starting afresh from Tony Abbott's horror 2014 budget, vowing to make the "right choices" for Australia.
And in recognition of the pounding on health policy it received at the election a year ago, it wants to legislate a Medicare Guarantee Bill with a Medicare Guaranteed Fund to cover all expenses of the scheme.
The new National Australia Bank branch at 700 Bourke St, Melbourne, Victoria, Australia.
Pensioners - Treasurer Scott Morrison has confirmed pensioners will get a one-off payment to help ease their electricity bills during winter.
The government's much-spruiked plan to combat housing affordibility in the capital cities includes a tweak to negative gearing from July 1 that will disallow deductions for travel expenses, and limits to plant and equipment deductions, raising $2.1 billion of revenue over the next your years.
"We are not sending lawyers around the country for three years, we are acting now", the Treasurer said, in reference to a Royal Commission.
Bank executives will also face tougher penalities for misconduct under a tough new new Banking Executive Accountability Regime, which will require all executives to be registered with the regulator.
Defence spending will hit two per cent of GDP by 2020/21.
The 2017/18 budget projects a return to balance in 2020/21, improving from a deficit of $29.4 billion to a projected surplus of $7.4 billion within four years. The facility will be located at the South Australian Health and Medical Research Institute and will be used to help patients with cancer in the spinal column, skull, pelvis and tumours in infants and children.
Trump begins effort to pack courts with conservatives
Among them are Michigan State Supreme Court Justice Joan Larsen, who Trump will reportedly nominate to the U.S. Supreme Court Justice Clarence Thomas and is known to share the view of a limited role for the judiciary.
Mr Turnbull praised his colleagues for the government's achievements so far this year, including company tax cuts, energy reform and changes to school funding - to be announced in the budget.
"Our decision to increase the levy reflects the fact that all Australians have a role to play", Mr Morrison said.
"We've had a fights about funding for several years".
University fees are expected to hike by up to $3000 and students will be forced to pay back loans earlier.
A $1.2 billion skills fund to provide new apprenticeships will be paid for by a foreign worker levy.
"The only people paying higher taxes are large banks and the crackdown on multinationals and foreign investors", he replied. He introduced a First Home Super Savers Scheme - a salary sacrificing model allowing FHBs to deposit a portion of their income into their superannuation for the explicit goal of buying a home.
Contributions and earnings will be taxed at 15 per cent rather than at marginal rates.
Downsizers will get special exemptions from superannuation rules to allow them to put lump sums into their retirement savings from selling their family home.
The government has foreshadowed extra spending on health and education, tax breaks for first home buyers, infrastructure investment and more money for defense and national security.
Western Sydney airport will get $5.3 billion over the next ten years.
President Muhammadu Buhari will travel to London on Sunday night (tonight) for "medical follow-up,"his spokesperson has said". Neither Nigeria's government nor Boko Haram, which has links to the Islamic State group, gave details about the exchange.
Kisner and Blixt stuck their approach shots, Smith put it on the green from a hard lie in the rough and Brown went over the green. Blixt, Kisner, and Brown all played safely and found the short stuff with their second shots and Smith found a green side bunker.
Late previous year , investors were looking anxiously ahead at a series of elections that could have turned the tide. Centre-right Prime Minister Mark Rutte prevailed over populist right leader Geert Wilders.
A senior military source in Damascus said the army had noted breaches but was waiting for the zones to be fully delineated. The Observatory's spokesman Rami Abdel Rahman said violence had however "sharply reduced" as Saturday progressed.
As points of reference, Echo runs $180 (currently on sale for $150) while Google Home costs $129 (currently on sale for $114). While the landing page doesn't give a definitive launch date, it does note that the Invoke will be available from "fall 2017".
Had it not been for a serious knee injury that ruled him out of the Euro 2016, he would have probably been at Chelsea by now. Meanwhile, with John Terry set to end his Chelsea career, Conte is looking for defensive reinforcements.
Environment Canada issued a frost advisory for Toronto, Hamilton and the regions of Peel, Halton, York and Durham on Sunday. Homeowners are being advised to cover sensitive plants or bring them indoors to avoid being killed if left uncovered.
This was Almonte's first start in center field this year, and that play was the only one which presented any challenge for him. This season, Kluber is 3-2 with a 5.06 earned-run average over 37 1/3 innings with 41 strikeouts and 123 walks.
He says armed Syrian opposition groups must separate themselves from extremist groups such as al-Qaida Syria branch. The evacuation from Damascus' northeastern Barzeh neighborhood is the first such population movement in this area.
Logano has won two of the last three races at Talladega and is quickly becoming known for his dominance in restrictor-plate races .
Feds evacuate workers at Hanford nuclear site
Workers demolish a decommissioned nuclear reactor during the cleanup operations at the nuclear site in Hanford, Wash., in 2011. Everyone has been accounted for and there is no initial indication of any worker exposure or an airborne radiological release.
Bouchard beats Sharapova in WTA Madrid
After moving into the second round of the Madrid Open on Sunday, Sharapova said it's too early to think about the July tournament. The Russian was broken three times in the first set, but only once in the rest of the match at the clay-court tournament.
Global leaders wish Emmanuel Macron on victory
However, Macron prevailed with 66 percent of the vote to become France's youngest leader since Napoleon. She did not specify the nature of the threat, but says police ordered the evacuation.
82 freed schoolgirls to meet Nigerian president
April 13, 2016: Boko Haram video appears to show some of the Chibok girls, and tearful mothers recognize their daughters. Last month President Muhammadu Buhari said in a statement the government was "in constant touch through negotiations".
Tiffany Trump is heading to Georgetown Law
Given that Georgetown Law is one of the more selective law schools in the country, it appears as though she certainly did have it. Eric Trump also is a graduate of Georgetown University. "Please excuse me if I'm a little nervous", she told the audience.
Jaskin, Schwartz score as Blues beat Predators 2-1
They are playing to be the first Predators team to win the first two series and play for a Western Conference title. The Predators would play in their second seven-game series against the Sharks, this time losing being eliminated.
Beyond 100 days, Trump faces more legislative challenges
The White House Correspondents' Dinner featured some of the most vicious Trump jokes of all time . "Trump is still president". If you take a look at the website of the comedian, actor, and writer in NY , you will see a bio that explains his surname .
After a week off, Curry, Warriors roll past Jazz in Game 1
Boston Celtics star Isaiah Thomas was lisping when he delivered his post-game press conference Sunday due to a missing tooth. Team doctors jammed it back in, but Thomas spent part of Monday and Tuesday in the dentist's chair to have it repositioned.
SP expels six leaders post Shivpal's new front
Shivpal announced that Samajwadi Supremo Mulayam Singh Yadav would be the party's national secretary. As for the Samajwadi Party, it has passed every test and will continue to do so".
Valtteri Bottas edges Sebastian Vettel to claim maiden F1 win
McLaren's Fernando Alonso is still yet to reach the checkered flag this season after his auto broke down on the formation lap . To be Lewis Hamilton's teammate and take over the reigning world champion's vehicle , I think he has done a very good job.