The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) has reported a revised downward forecast in GST collections nationally, significantly reducing the amount of revenue to be shared between states and territories over the next four years. Treasurer Rob Lucas said, based on the MYEFO GST downgrade, Treasury’s initial analysis is that there would be…
DetailsThe former Labor government has been strongly criticised by the Auditor-General over the secret deal it struck as part of its controversial $1.605 billion privatisation of the Lands Titles Office. In his review into the 2017 sale, released today, the Auditor-General found Labor conducted ‘no formal analysis’ into the reasonableness or risk to taxpayers of…
DetailsThe Marshall Government’s 2018-19 State Budget is on track to deliver a return to surplus and maintain projected surpluses across each year of the forward estimates, according to the Mid-Year Budget Review (MYBR), released today. Treasurer Rob Lucas said the MYBR records a net operating surplus of $40.1 million in 2018-19 (revised down from $48.2…
DetailsThe world’s fourth largest public company*, Berkshire Hathaway Inc. – led by Chairman and CEO Warren Buffett – is investing in South Australia, reaffirming the State’s business credentials under the reformist Marshall Liberal Government. Treasurer Rob Lucas said Berkshire Hathaway would establish operations in Adelaide as its Reinsurance Division takes over management of the Motor…
DetailsThe State Government welcomes the Independent Commissioner Against Corruption’s Evaluation of the Practices, Policies and Procedures of the Regulatory Arm of SafeWork SA, which was tabled today in State Parliament. Treasurer Rob Lucas said the Government would now thoroughly consider the report and its 39 recommendations for change. “I acknowledge Commissioner Bruce Lander’s evaluation of…
DetailsUnion bosses from the Australian Education Union are demanding a 3.5% interim pay rise – equating to about $80 million a year and nearly double the rate of inflation – in stark contrast to public claims that tomorrow’s teachers’ strike has nothing to do with wages. Treasurer Rob Lucas said it was time for AEU…
DetailsUnion bosses from the Australian Education Union have lost considerable community and teacher support, with an overwhelming majority of government schools and preschools choosing to stay open during tomorrow’s half-day strike. Treasurer Rob Lucas said the fact nearly 80 per cent (or 692) of 875 SA public primary, secondary and preschools have reported they will…
DetailsTreasurer Rob Lucas said today the State Government acknowledges an intention by SA Police to enter an early guilty plea in relation to the tragic workplace death of employee Ms Debra Summers at the Echunga Training Reserve in October 2016. In September, SafeWork SA charged two government departments (SAPOL and DPTI) in relation to Ms…
DetailsPublic claims made by union bosses from the Australian Education Union alleging the State Government’s additional education funding wouldn’t kick-in in the short term are ‘pure nonsense and deliberately misleading’ ahead of its planned teachers’ strike next week. Treasurer Rob Lucas said the Marshall Government was delivering a record investment in education – with State…
DetailsThe State Government has this afternoon concluded initial formal discussions with Nyrstar representatives, including global CEO Hilmar Rode, regarding repayment of a taxpayer- guaranteed $291.25 million loan for its Port Pirie smelter operations. Treasurer Rob Lucas described today’s four-hour meeting as ‘productive’, with Nyrstar confirming its commitment to make a $10 million distribution payment early…
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