Top News Of The Day || Federal Government To Increase Family Tax Benefit?

Top News of the Day:

• Firstly in from the Federal budget some good news for young families.. On Monday it was confirmed that there would be an increase to family tax benefit payments for families with three children. With the cost of living increasing due to Covid-19 these families will now receive an additional $226 additionally. The increase is set to begin July 1 2021 and will affect Family tax benefit payments A and B. This is the first time since 2009 that the family tax benefit has been increased, as the federal government says it is dedicated to helping families to recover after the Covid-19 downturn.

• The NSW state government has requested an additional purpose built quarantine facility to take pressure off the existing hotel quarantine system. NSW has shown interest in this type of facility as the federal government is due to support Victoria during their new cluster of virus infections by building a fit for purpose quarantine facility in Avalon VIC just outside of Melbourne.

• Now some disturbing news from Australia’s largest airline QANTAS having links to organised crime.. After a recent investigation run by channel nine’s 60 Minutes program, reports have emerged that organised crime may be infiltrating the AUstralia’s airline QANTAS. A spokesperson for QANTAS says they are deeply concerned about this news and that they have written to Australian federal police and the Criminal Intelligence Commission requesting more information.

• Out of Australia’s 443 industries, common ownership has been identified in 49, this makes up a third of Australia’s total industry revenue. This includes supermarkets, telecommunications, packaging, airlines, cinema chains even commercial television. It has been found that in at least a fifth of Australia’s industries the largest two firms were in control of what has equated to somewhere near half the market share.

• Melbourne’s covid-19 cluster has only reported 2 new locally acquired cases this morning. It is hoped that if these statistics continue in the low numbers that the easing of strict circuit breaker lock down measures will be on the cards, as the end of the 2nd week of restrictions approaches on Thursday.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK