National economic recovery leads to improved GST estimate

Australia’s ongoing economic recovery from the COVID-19 recession – with more people back in work and increased household consumption – has delivered South Australia an improved GST estimate for this financial year. The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) today shows SA’s estimated GST grant revenues for 2020-21 are $300 million higher. Treasurer…

Property sector confidence skyrockets as industry backs Marshall Government to deliver

The Marshall Government has welcomed the latest ANZ/Property Council of Australia survey of property sector professionals – including developers, landlords, architects, planners and engineers – showing confidence in SA has soared to pre-pandemic levels. The survey, taken in the two weeks from November 16 and including the 3-day circuit-breaker, shows local confidence has rebounded to…

AA+ credit rating confirmed but with negative outlook

Independent ratings agency S&P today has issued an update that maintains South Australia’s long-term credit rating of AA+ however with a negative outlook. Treasurer Rob Lucas said this was an ‘inevitable consequence’ of the COVID-19 pandemic and the Government’s record $4 billion job-creating stimulus spend to turbo-charge the economy and save as many lives, livelihoods…

Shop trading hours to return to previous Christmas trading hours announcement

The 8-day State Government exemption for supermarkets and other essential stores, including pharmacies, across suburban Adelaide to trade extended hours to promote physical distancing will be revoked, following today’s announcement that new COVID-19 restrictions would be eased from Sunday.   Treasurer Rob Lucas said the exemption, under the Shop Trading Hours Act 1977, was set…