budget

With the new federal budget forecasting skyrocketing energy prices, the government is under increasing pressure to intervene. Treasurer Jim Chalmers has ruled out government handouts and is seeking regulatory solutions.

Inflationary pressures are expected to ease over the next six months according to federal budget forecasts, while consumer-focused and housing stocks could benefit from government policies aimed at boosting consumer spending and the availability of affordable housing.

The lack of any significant change in this week’s announcement should be welcomed. The job of our politicians is to govern throughout the year, not solely through the delivery of an annual or semi-annual budget.

Marius Wentzel, Head of Client Solutions & Distribution at AMP and Graeme Colley, Executive Manager, SMSF Technical and Private Wealth from SuperConcepts delivered an insightful presentation this week, offering an update on the macroeconomic outlook and an EOFY checklist for SMSF trustees. Disruption caused from COVID-19 to local economy and the fast-approaching financial year end,…