Why we expect a bumper 2022

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A lot has sent the market into a spin this past week. Fears of the new variant continued to roil financial markets though this reaction reflects a rise in risk aversion as uncertainty over the global economic outlook will likely see more volatility in the weeks ahead as we close out 2021. However the Australian economy has been remarkably resilient in the face of the pandemic. So how is the economy set up for such a strong performance despite a once-in-a-century pandemic? Find out what the early signs of a strong rebound look like and what sets us into a bumper year ahead.

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Business investment is the focus this week as this will be critical to the economic recovery. We know that consumer spending looks to bounce back strongly, so what about investment?
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The rate of social security payments are affected by an asset and income test. Generally, the test that results in a lower payment is what determines the rate payable.
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A Regulation has now been registered to increase the age when the work test will apply to 67 and also the upper age limit for spouse contributions to 75.
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