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2024 Australian Federal Budget
The 2024 Australian federal budget was presented on 14 May 2024 by Treasurer Jim Chalmers. The budget dictated how the Australian Government would allocate an estimated across the federal government and to the state and territory governments. It was the third federal budget handed down by the Labor Party since their victory in 2022. The consultation period described the budget as focused on support for Australians and creating a "stronger, more inclusive and more sustainable economy". Pre-budget Predictions and commentary With global inflation decreasing and markets stabilising, the ABC predicted that the budget would focus less on mitigating the impacts of inflation and instead address "trouble in China, sluggish growth, and the ever-present pressures on government spending." All three 'threats' to the budget have been raised by the International Monetary Fund, with a property-driven slow-down effecting the Chinese economy and its import-export markets and the anticipat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Federal Budget
An Australian federal budget is a document that sets out the estimated revenues and expenditures of the Australian Treasury in the following financial year, proposed conduct of Australian government operations in that period, and its fiscal policy for the forward years. Budgets are called by the year in which they are presented to Parliament and relate to a financial year that commences on the following 1 July and ends on 30 June of the following year, so that the budget brought down in May relates to the / financial year (1 July – 30 June , FY). Revenue estimates detailed in the budget are raised through the Australian taxation system, with government spending (including transfers to the states) representing a sizeable proportion of the overall economy. Besides presenting the government's expected revenues and expenditures, the federal budget is also a political statement of the government's intentions and priorities, and has profound ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian (Australia)
''Guardian Australia'' is the Australian website of the British global online and print newspaper, ''The Guardian''. Available solely in an online format, the newspaper's launch was led by Katharine Viner in time for the 2013 Australian federal election and followed the introduction of ''Guardian US'' in 2011. ''Guardian Australia'' is owned by Guardian Media Group, which is in turn owned by the Scott Trust, which aims to stay independent and free from 'commercial pressures'. The online publication relies on digital advertising and voluntary reader donations or subscriptions for revenue, eschewing enforced paywalls implemented by other news websites. ''Guardian Australias headquarters is based in the Sydney suburb of Surry Hills, with bureaux in Brisbane, Melbourne and Canberra. It employs more than 70 journalists, editors and other personnel as of 2020, including editor-in-chief Lenore Taylor who assumed responsibilities in 2016. History Prior to its 2013 launch the Br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Council Of Social Service
The Australian Council of Social Service (ACOSS) is an Australian organisation that advocates for action to reduce poverty and inequality, and is the peak body for the community services sector in Australia. It was formed in 1956. ACOSS is active in areas of social policy, including community sector policy, climate and energy, economics and tax, income support and employment, health, housing and homelessness, and poverty and inequality. Cassandra Goldie became CEO of ACOSS in 10 July 2010. She was previously the Director of the Sex Discrimination Unit at the Australian Human Rights Commission (HREOC). The CEO of ACOSS is often interviewed by Australian media for comment and analysis on social matters and policies of the Australian Government. Governance ACOSS has a 9-person volunteer Board of Governors, elected according to the constitutioadopted in August 2019. Controversies In 1991 Federal Opposition leader John Hewson accused ACOSS of seeking to acquire more money t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Means Test
A means test is a determination of whether an individual or family is eligible for government benefits, assistance or welfare, based upon whether the individual or family possesses the means to do with less or none of that help. Means testing is in opposition to universal coverage, which extends benefits to everyone. Canada In Canada, means tests are used for student finance (for post-secondary education), legal aid, and " welfare" (direct transfer payments to individuals to combat poverty). They are not generally used for primary and secondary education which are tax-funded. Means tests for public health insurance were once common but are now illegal, as the Canada Health Act of 1984 requires that all the provinces provide universal healthcare coverage to be eligible for subsidies from the federal government. Means tests are also not used for pensions and seniors' benefits, but there is a clawback of Old Age Security payments for people making over $69,562 (in 2012). T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliamentary Budget Office
The Parliamentary Budget Office (PBO) is an agency of the Australian Parliament whose purpose is to "inform the parliament by providing independent and non-partisan analysis of the budget cycle, fiscal policy and the financial implications of proposals". It was established by the Gillard government following minority government formation negotiations. Following that commitment, a Joint Parliamentary Committee on the Parliamentary Budget Office was convened, chaired by John Faulkner. The PBO's independence is enshrined in legislation. In 2013, Treasurer Wayne Swan introduced legislation requiring the PBO to conduct a post-election audit to cost political parties' electoral commitments. In its first independent report, the PBO noted that the Australian federal budget had an underlying structural deficit, caused in part by Howard government personal income tax cuts. See also * Parliamentary Budget Advisory Service (South Australia) *Legislative Analyst's Office (California) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewable Energy
Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind power, and hydropower. Bioenergy and geothermal power are also significant in some countries. Some also consider Nuclear power proposed as renewable energy, nuclear power a renewable power source, although this is controversial, as nuclear energy requires mining uranium, a nonrenewable resource. Renewable energy installations can be large or small and are suited for both urban and rural areas. Renewable energy is often deployed together with further electrification. This has several benefits: electricity can heat pump, move heat and Electric vehicle, vehicles efficiently and is clean at the point of consumption. Variable renewable energy sources are those that have a fluctuating nature, such as wind power and solar power. In contrast, ''contro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Domestic Violence
Domestic violence is violence that occurs in a domestic setting, such as in a marriage Marriage, also called matrimony or wedlock, is a culturally and often legally recognised union between people called spouses. It establishes rights and obligations between them, as well as between them and their children (if any), and b ... or cohabitation. In a broader sense, abuse including nonphysical abuse in such settings is called domestic abuse. The term "domestic violence" is often used as a synonym for "intimate partner violence", which is committed by one of the people in an intimate relationship against the other, and can take place in relationships or between former spouses or partners. In a broader sense, the term can also refer to violence against one's family members; such as children, siblings or parents. Forms of domestic abuse include physical abuse, physical, verbal abuse, verbal, emotional abuse, emotional, economic abuse, financial, Religious abuse, religiou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stage Three Tax Cuts
The stage three tax cuts are a taxation policy overseen by the Australian Government, that came into effect on 1 July 2024. Originally forming the third and last stage of the Turnbull government's personal income tax reforms, stage three was altered in the Morrison government's 2019 budget to include an additional $90 billion of tax cuts. Stage three has been the subject of significant political discussion and controversy in Australian politics, and has been used as a wedge issue. During the 2022 Australian federal election campaign, the Coalition and Australian Labor Party both stated their full support for retaining stage three, whereas the Australian Greens and several independent MPs argued for its modification or abolition. In January 2024, the Albanese government announced modifications to stage three that reduced the overall cost and gave larger cuts to individuals earning under $200,000. Timeline 2018 The original suite of tax cuts were legislated by the Turnbull ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Press Club (Australia)
The National Press Club is an association of primarily news journalists, but also includes academics, business people and members of the public service, and is based in Canberra, Australia. History The National Press Club was founded in 1963 as the National Press Luncheon Club by a few journalists with the backing of the Canberra Press Gallery. The founding president was Tony Eggleton. It was renamed the National Press Club in 1968, and established official premises in 1976. Since its inception, the club's reputation has steadily grown, attracting parliamentarians, scientists, diplomats, sporting personalities and other prominent figures to address its weekly luncheons. Guests have included heads of government and ministers of Australia and other countries, including Richard Nixon, Margaret Thatcher and Indira Gandhi. Activities and format , the National Press Club address is a weekly formal speech of approximately one hour, which includes time for questions from members ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Defence Force
The Australian Defence Force (ADF) is the Armed forces, military organisation responsible for the defence of Australia and its national interests. It consists of three branches: the Royal Australian Navy (RAN), Australian Army and the Royal Australian Air Force (RAAF). The ADF has a strength of just over 89,000 personnel and is supported by the Department of Defence (Australia), Department of Defence alongside other civilian entities also members of the Australian Defence Organisation. During the first decades of the 20th century, the Australian Government established the armed services as separate organisations, with each service having an independent chain of command. In 1976, the government made a strategic change and established the ADF to place the services under a single headquarters. Over time, the degree of integration has increased, and tri-service headquarters, logistics, and training institutions have supplanted many single-service establishments. The ADF has been dep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
