Google AI
The Times Australia
Business and Money

No longer a temporary COVID measure, the government's super changes will most help wealthy tax dodgers

  • Written by: Kevin Davis, Emeritus Professor of Finance, The University of Melbourne
No longer a temporary COVID measure, the government's super changes will most help wealthy tax dodgershidesy/Shutterstock

On May 29, the government announced by way of media release the extension of an emergency COVID measure.

The temporary halving of minimum drawdown rates for retirement superannuation accounts — introduced in March 2020 while the Australian stock market was in freefall — would continue for another year.

The explanation...

Read more: No longer a temporary COVID measure, the government's super changes will most help wealthy tax dodge...

Business Times

The Australian Government will hand down the 2026/27 Federal Budget on Tuesday 12 May, and with cost-of-living pressures st...

GraceX Launches Psychological Safety Platform as Psychological I…

Australia’s approach to workplace mental health has entered a  new and consequential chapter. Work Health and Safety (WHS)  r...

Rethinking the Low-Cost Airline Model After Spirit Airlines and B…

For decades, low-cost airlines promised something revolutionary: strip out the frills, pack the planes, and make air travel...

Technology

What next from Apple

The question of what comes next for Apple Inc. is no longer theoretical. With leadership transitio...

Local News

Canavan: Vote for change with The National…

Leader of The Nationals Matt Canavan said candidate Brad Robertson provides Farrer families with t...

Culture

The Overlooked Link Between Flat Tennis Balls…

Tennis elbow is the sport's most common injury. Up to 50% of recreational players will experience it...

Travel

64% of Aussie kids are influencing family hol…

Forget coats and heaters- think t-shirts, thongs, sunscreen and swimming. Whales aren’t the only one...

The Times Features

The Overlooked Link Between Flat Tennis Balls and Tenni…

Tennis elbow is the sport's most common injury. Up to 50% of recreational players will experience it...

The Australian Government will hand down the 2026/27 Federal Budget on Tuesday 12 May, and with co...

64% of Aussie kids are influencing family holiday plans…

Forget coats and heaters- think t-shirts, thongs, sunscreen and swimming. Whales aren’t the only one...

Health Insurance Recent Government Changes — And What T…

Part of the confusion surrounding private health insurance is that governments regularly adjust th...

A Report From France: The Mood of a Nation

France occupies a unique place in the global imagination. To many outsiders, it remains the land ...

The More Things Change: Change Can Hurt

The only constant in life is change. It sounds wise because it is true. Nothing stays still fore...

Seeking Financial Advice Before Investing: How Australi…

Australians are constantly reminded to “seek financial advice” before making investment decisions...

Female founders to benefit from new funding to turn the…

The University of Newcastle Integrated Innovation Network (I2N) has been selected by the NSW Governm...

MoleMap ANZ continues growth trajectory with acquisitio…

MoleMap, Australia and New Zealand’s leading skin cancer detection and surveillance service, has...