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Virgin Australia CEO wants borders to re-open “even if people die”

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Virgin Australia CEO

The boss of Virgin Australia has called for Australia’s borders to open, even if people may die

Virgin Australia CEO Jayne Hrdlicka has issued a plea to the Australian Government. In the letter, she urged them to reopen international borders. She said, ‘it’s now or never.’

Hrdlicka says Australia will fall behind the rest of the world if the borders stay shut. She added that this means many people will end up getting sick due to not being immune to new viruses.

The Australia federal government ordered international borders closed on 9pm on March 20, 2020.

The Government says they have no plans to reopen them until at least 2022.

Other Australian airlines are also suffering

Border closures also forced Australia’s biggest airline, Qantas, to push back international travel dates from October to late December 2021.

In a statement, Qantas said the Australian Federal Government has “revised its anticipated timeline for the completion of Australia’s vaccine rollout to end-2021 and its timeline for significantly reopening our international borders to mid-2022.”

In light of these two dates, the Qantas Group will adjust its planned international flights from end-October 2021 to late December 2021.

We remain optimistic that additional bubbles will open once Australia’s vaccine rollout is complete to countries who, by then, are in a similar position”

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Taxing times: 64% of Aussies think they pay too much tax

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As the cost of living continues to rise, a staggering 64% of Australians are voicing their concern over the amount of tax they pay annually, according to recent research conducted by Finder, Australia’s leading comparison site.

The survey, which polled 1,004 respondents, found that nearly two-thirds of Australians, equating to approximately 13 million individuals, feel burdened by the tax they contribute each financial year.

Of particular note is the sentiment among millennials, with a striking 80% expressing dissatisfaction with their tax contributions. Following closely behind are Gen Xers, with 72% sharing similar sentiments. Comparatively, Gen Z (63%) and baby boomers (39%) exhibit less discontent with their tax obligations.

Sarah Megginson, a personal finance expert at Finder, highlighted the strain that the cost of living imposes on individuals’ financial situations.

“Budgets are stretched thin, with many struggling to make ends meet,” she noted. “While inflation is trending downwards, the financial burden remains heavy for a significant portion of Australians.”

Tax hope

However, there is a glimmer of hope on the horizon.

The Australian government has announced plans to implement tax cuts commencing July 1, aimed at providing relief to taxpayers grappling with the escalating cost of living.

According to Finder’s analysis, Australians earning between $45,000 and $135,000 annually stand to benefit from a further tax cut of $804, in addition to previously announced reductions.

This translates to a substantial increase in disposable income, potentially alleviating financial strain for many households.

For instance, an individual earning the median Australian income of $83,200 could expect a tax cut of $1,759 over 12 months, nearly double the previous $955 reduction.

Meanwhile, those earning over $200,000 annually will receive approximately $4,529 under the new stage 3 tax cuts, compared to $9,075 under the previous scheme.

Money back

Megginson emphasized the significance of this financial injection in easing the burden of everyday expenses.

“Those struggling with everyday costs will see more money back in their pocket to help battle expenses,” she remarked.

“If your budget allows, stashing some of this extra cash is a wise move. Every bit helps build a buffer for those unexpected rainy days.”

Megginson advised individuals to explore avenues for potential savings, such as switching service providers to reduce expenses. For those unable to save, she recommended allocating the extra funds towards paying down debt and bills to alleviate financial pressure.

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Anticipation builds for US jobs data and it’s global impact

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What to expect on. a global scale as investors brace for key U.S. employment figures.

Investors and economists are eagerly awaiting the release of the latest US jobs data, anticipating its potential impact on global market trends.

The numbers are expected to provide crucial insights into the health of the world’s largest economy and may influence investment decisions and market sentiments worldwide.

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ASX 200 – what are the key market impacts from reporting season?

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What have investors learned as ASX 200 wraps up reporting season?

As the ASX 200 reporting season draws to a close, market participants are analyzing the outcomes and drawing key insights.

From notable earnings reports to unforeseen challenges, the conclusion of this reporting season unveils critical information that will shape investment.

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