Daily briefs

Daily briefs: Relief-funded profits 'transitory': Treasury

Treasury's deputy secretary, Macroeconomic group Luke Yeaman

Treasury Macroeconomic Group deputy secretary Luke Yeaman said the boost in corporate profits in the national accounts was "counterintuitive", but ultimately "transitory". Image credit: Marion Rae/Australian Banking Daily

Concerns over Covid-19 relief measures ultimately fuelling corporate profits were raised in a Senate hearing today, with Treasury attributing the phenomenon to a "counterintuitive" and "transitory" side effect.[.....]

Subscribe to Australian Banking Daily now and start your $1 subscription

Go beyond the news with information you can act on.

  • Access the archive of all Australian Banking Daily articles and newsletters
  • Login via your desktop or mobile device
  • No ads, ever
  • Extended policy coverage included in the Daily Briefing email
  • This Sitting Week delivered early to your inbox every week Parliament is sitting
  • Czar Report - important events and deadlines coming up in the month ahead
  • My Calendar - never miss an important submission deadline
  • Report & policy summaries designed to save you time
All subscriptions renew automatically but you can cancel any time. You will be charged $1 initially for the first month of your subscription and then the standard monthly rate thereafter ($69/month for a single subscription and $179/month for a team of three). New customers only. Offers and pricing are subject to change without notice.
Australian Banking Daily
Stay informed - subscribe to our newsletter.
The subscriber's email address.