Flood levy proposed – but is it necessary?

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Economic issues The Prime Minister has proposed a levy on higher-income Australians to assist in meeting the damage bill from the east coast floods. The levy will apply in 2011/12

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Investor Signposts: Week Beginning November 14 2010

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Upcoming economic and financial market events The big picture It never ceases to surprise how many people treat budget figures as facts rather than estimates. The Mid Year Economic and

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Profit slump but Government still upbeat

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NAB business survey; Mid Year Economic and Fiscal Outlook (MYEFO) NAB business confidence index eased from +10.1 to +8.1 in October. The business conditions index fell from +6.7 in September

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Budget deficit soars to record high

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Federal budget The underlying budget deficit hit a record high of $63.3 billion in the twelve months to September 2010, indicating that the Government has plenty of work to do

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Increase in Super Guarantee will boost retirement adequacy

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The Federal Government’s decision to increase the Super Guarantee (SG) to 12% will have a significant impact on retirement adequacy for the average Australian, lifting levels by $46,000, or 2.8%,

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