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2018 Australian Federal Budget
The 2018 Australian federal budget was the federal budget to fund government services and operations for the 2018–19 financial year. The budget was presented to the House of Representatives by Treasurer Scott Morrison on 8 May 2018. It was the fifth budget to be handed down by the Liberal/National Coalition since their election to government at the 2013 federal election, and the third and final budget to be handed down by Morrison and the Turnbull Government. Background In mid-April, Acting Prime Minister Michael McCormack described Treasurer Scott Morrison as "Santa Claus" in an interview with the ''Daily Telegraph'', also hinting that there would be spending on transport infrastructure. Morrison stated that the $5 billion Melbourne Airport rail link would be part of this budget. There has been an increase in revenue recently due to stronger than expected commodity prices and an increase in employment. This budget has been described as effectively a pre-election budget fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Review
''The Australian Financial Review'' (abbreviated to the ''AFR'') is an Australian business-focused, compact daily newspaper covering the current business and economic affairs of Australia and the world. The newspaper is based in Sydney, New South Wales, Australia; owned by Nine Entertainment and has been published continuously since its founding in 1951. The ''AFR'', along with the rest of Fairfax Media (aside from some publications which were sold to Australian Community Media), was sold to Nine Entertainment for more than A$2.3 billion.Mergermarket - An Acuris company. (n.d''.). Fairfax Media Limited Nine Entertainment Co. Holdings Ltd Merger.'' Retrieved from www.mergermarket.com/Common/Mergermarket/Deals/DealDetails.aspx?dealsysid=933952&extern=19&id=239512&contextid=1018456074&zone=205¤cyCode=AUD The ''AFR'' is published in tabloid format six times a week, whilst providing 24/7 online coverage through its website. In November 2019, the ''AFR'' reached 2.647 million Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National School Chaplaincy Programme
The National School Chaplaincy Programme (NSCP), between 2011 and 2014 known as the National School Chaplaincy and Student Welfare Programme, is an Australian federal government programme which funds chaplains in Australian primary and secondary schools. The chaplains are to provide "support and guidance about ethics, values, relationships and spirituality", and is based on pastoral care, not religious instruction. The grants are $20,000 a year for schools and $24,000 for schools in remote areas. History In October 2006, the Howard Government established NSCP, at an expected cost of $90 million, to provide $20,000 grants for schools to employ chaplains. In Australia, chaplains in state schools have, controversially, been funded by the federal government since 2007, as well as local communities. Chaplaincy services are provided by religious service companies which are predominantly Christian, though non-denominational within Christianity, including Scripture Union Queensland, Genr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duty Free
A duty-free shop (or store) is a retail outlet whose goods are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country, who will then pay duties and taxes in their destination country (depending on its personal exemption limits and tariff regime). Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component. Tax Free World Association (TFWA) announced that in 2011 Asia-Pacific, with 35 percent of global duty-free and travel retail sales, has more duty free than Europe and Americas, with these regions accounting for 34 percent and 23 percent respectively. 31 percent of sales came from the fragrances and cosmetics category, followed by the wine and spirit category with 17 percent and then comes tobacco products. However, some countries impose duty on goods bro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Economy
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the . Examples include the illegal drug trade, prostitution (where prohibited), illegal currency transactions, and human trafficking. Violations of the tax code involving income tax evasion in the . Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-easi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
