Syd Jenkins
Articles by this Author
Company directors to be personally exposed to more company liabilities
- By Syd Jenkins
- Published 28/06/2011
- Winter 2011
- Unrated
Company directors beware… measures proposed from 1 July 2011 will focus on countering fraudulent phoenix activity but they may capture other situations.
2011/12 Federal Budget Summary
- By Syd Jenkins
- Published 11/05/2011
- Media releases , Moore Tax News
- Unrated
The Federal Budget is based on an expected strong economy which will need a bigger and better trained workforce.
Real GDP growth is estimated to almost double from 2.25% this year to 4% in 2011-2012 before easing to 3.75% in the following year. The Government expect the Budget to return to a $3.5 billion surplus in 2012-2013 from a deficit of $49.4 billion this year.
The need for a bigger and better educated workforce is demonstrated by the estimated drop in the unemployment rate from 5% in June 2011 to 4.75% in twelve months and 4.55% in June 2013.
A mild easing in the expected inflation rate from 3.25% in June 2011 to 2.75% in June 2012 may be good news for those worried about increased interest rates. An expected rise in the inflation rate after June 2012 and expected wage rises of 4% this year and next and 4.25% in 2012–2013 will however put pressure on rates and the Budget papers suggest that rate rises are likely.
Real GDP growth is estimated to almost double from 2.25% this year to 4% in 2011-2012 before easing to 3.75% in the following year. The Government expect the Budget to return to a $3.5 billion surplus in 2012-2013 from a deficit of $49.4 billion this year.
The need for a bigger and better educated workforce is demonstrated by the estimated drop in the unemployment rate from 5% in June 2011 to 4.75% in twelve months and 4.55% in June 2013.
A mild easing in the expected inflation rate from 3.25% in June 2011 to 2.75% in June 2012 may be good news for those worried about increased interest rates. An expected rise in the inflation rate after June 2012 and expected wage rises of 4% this year and next and 4.25% in 2012–2013 will however put pressure on rates and the Budget papers suggest that rate rises are likely.