This is an update of a note I wrote last November, but after the recent plunge in shares and the associated 10% or so loss in balanced growth superannuation funds through the March quarter, it’s particularly relevant now. When share markets plunge as they did into March the standard questions...
MONETARY POLICY DECISION STATEMENT BY PHILIP LOWE, RBA GOVERNOR
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3 year Australina Government bonds of 25 basis points. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people...
EXTENSION TO JOBKEEPER SCHEME AND UPDATE OF RULES
The Commissioner has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020. To ensure the integrity and the efficient operation of the JobKeeper Payment scheme, the Government is clarifying the operation of some rules: If you enrol by 31 May you will still be able to claim for...