Will confidence fall victim to Omicron

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Confidence plays a key role in our current and future economic prosperity. As fresh data gets released this week across both consumer and business investment sectors, find out the critical factors that could strengthen or prevent economic growth in Australia heading into 2022.

Download the 13 December 2021 - Weekly economic commentary

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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