#Wayne Swan
Opinion: How businesses can level the playing field, post-budget
After the Wayne Swan’s rhetoric about his Government being one for small and medium business, the Federal Budget delivered last week turned out to be remarkable in that if contains no new meaningful support to businesses that aren’t loss making.
The Budget: What’s in it for small business
Treasurer Wayne Swan unveiled the 2012/13 budget in Canberra overnight, returning it to surplus and detailing a number of measures he said would benefit small business. But many SMBs have been left wanting by the budget, saying it doesn’t deliver enough support to the sector.
Interest rate cut cheers small businesses
The Reserve Bank (RBA) has cut the national interest rate to 4.25 percent, the second consecutive cut it has made in its monthly meetings—the first back-to-back monthly cuts since April 2009.
Business leaders cautiously welcome mini-Budget
The Federal Government has revealed a round of spending cuts to the tune of $6.8 billion over the next four years to help the nation’s balance sheet return to black.
Insolvency and SME tax breaks on the agenda at Tax Forum
SMEs continue to see insolvency as their biggest concern, with experts calling on the Government to implement tax breaks for small businesses at today’s Tax Forum.
Banking reform package “a good step towards more bank competition”
Credit unions and building societies have welcomed the Federal Government’s banking reform package as “a good step towards more bank competition”.
Australian banks cry “Don’t regulate us” despite massive profits
The Australian Bankers’ Association (ABA) has come out and labeled the current debate on banking regulation in Australia spearheaded by Labor’s Wayne Swan and the Liberal’s Joe Hockey as “long on rhetoric but short on facts”.
Interest rates left unchanged by RBA at 4.5%
Interest rates in Australia remain unchanged by the Reserve Bank of Australia at 4.5 percent after earlier expectations that the RBA would increase official interest rates 25 basis points to 4.75 percent.
Interest rates set to increase today
Australian interest rates are set to increase again by 25 basis points when the Reserve Bank of Australia board meets today, taking official interest rates to 4.75 percent.
Wayne Swan claims Labor responsible for GDP growth
Wayne Swan claims Labor is responsible for the 3.3 percent growth in Gross Domestic Product in the National Accounts data released by the ABS today.
Labor’s fiscal stimulus earns $16.2 billion in extra tax revenue
Labor’s fiscal stimulus policy at the height of the global financial crisis will net the Federal Government an additional $16 billion in tax receipts from those who would have otherwise been unemployed.
Swan and Abbott to address National Small Business Summit
Both Deputy Prime Minister Wayne Swan and Federal Opposition leader Tony Abbott will address the COSBOA National Small Business Summit in Brisbane this week.
Banks to slash loan discount rates due to politcal pressure
Australia’s banks may find themselves forced to cut discounts on home loan rates to avoid having to increase their standard variable home loan rates outside the RBA’s changes.
Gillard snubs small business in Cabinet reshuffle
Julia Gillard has come under fire for refusing to elevate the Minister for Small Business, Craig Emerson into Cabinet in her Cabinet re-shuffle today.
Swan forced to defend Labor leadership at G20
Treasurer Wayne Swan has been forced to defend the Labor Party’s moves to oust former Prime Minister Kevin Rudd through caucus dealing at the G20 conference in Toronto, Canada.
Keneally defends NSW mining jobs threatened by RSPT
Kristina Keneally will defend jobs in regional NSW threatened by the Kevin Rudd’s proposed Resource Super Profits Tax (RSPT) the Premier claimed yesterday.
Booming resource states leave NSW in their dust
Australia is set to continue its strong resources lead economic recovery, returning to levels of prosperity not seen since the beginning of 2008. At least for resource rich states like Queensland and Western Australia concludes the latest Business Outlook report from Access Economics.
Government pulls plug on bank deposit guarantee
The Federal Government has removed the bank large deposit and wholesale funding guarantee established to stabilise banks due to the Global Financial Crisis.
Wayne Swan predicts recession not far off
Treasurer Wayne Swan has predicted that the economy is set to nosedive even further in the next few months as the backlash of the failing US and Asian economies hits Australia. Swan warned that the collapse of output amongst Australia’s major trading partners will have a dramatic impact on our economic growth. Growth in the […]