2020 has been a year like no other. A global pandemic, the likes of which have not been seen since the 1918 Spanish Flu, rising geopolitical tensions involving both our biggest ally and our major trading partner, and Australia’s ensuing recession. But what will the ramifications be for the 2020/21 Federal Budget?
Originally planned for May but delayed to October due to COVID, some of the Budget measures were passed at a special sitting of the Parliament in April. The October Budget is the first real test of how the Government’s stimulus measures have performed in response to the health and economic crisis, and what further actions are needed.
At this special event, live-streamed from the ICC Sydney, our experts dissect and analyse what the Budget means for Australia’s economy – how we compare globally, the prospects for employment, the impact on the superannuation industry, and how lasting the effects of 2020 will be.
Jo Masters, Chief Economist, EY Oceania will look at the current economic situation and explore the impact on our investment markets as well as the consequences for our own hip pockets. Dr Martin Fahy, Chief Executive Officer ASFA, will decipher the Budget’s impact on Australia’s super system and how—despite the current upheaval—we can continue to support Australians to stay the course and achieve a dignified retirement.
Shane Oliver and Michael Pascoe return this year to share their unique perspectives on the Budget in a time that is nothing short of extraordinary. If ever there was a year to tune in and understand the Budget, 2020 is it!
Register by Monday 7 September and save with early bird pricing.
Shane Oliver joined AMP in 1984, becoming Chief Economist in 1994 and is now Chief Economist and Head of Investment Strategy of AMP Capital. Shane has extensive experience analysing economic and investment cycles and what current positioning means for the return potential for different asset classes such as shares, bonds, property and infrastructure. Shane is a regular media commentator on economic and investment market issues and engages regularly with investors at public events and forums.
Shane is Co-Head of the Investment Strategy and Dynamic Markets team, responsible for the provision of economic and macro investment analysis and the determination of AMP Capital’s asset allocation policy which is applied across more than $65 billion invested in multi-asset funds.
Shane has a PhD in economics which focussed on the validly of the Efficient Market Hypothesis (it isn't) and asset price bubbles (there are). Apart from economics and macro investing, Shane enjoys boating, garden rearrangement, fantasy novels and pop music (particularly Elvis, Burt Bacharach, the Beach Boys, the Pet Shop Boys, Kylie, Katy and Taylor) and is married with two children.
Michael Pascoe is one of Australia's most experienced and thoughtful finance and economics commentators with more than four decades in newspaper, broadcast and on-line journalism.
A regular commentator on Channel 7’s Sunrise and the ABC’s The Drum, Pascoe is now contributing editor for The New Daily and a highly-regarded conference speaker and facilitator, bringing perspective and rare humour to the “dismal science”.
He has four sons, a love of rugby union and happily describes himself as an “optimistic sceptic”.
Jo is the Chief economist for EY’s Oceania region and has been an active part of the economic debate in Australia for the last 20 years. Passionate about driving discussions around the traditional and disruptive forces that shape the economy. Jo is a well-regarded thought leader across economic and policy issues in Australia and the global economy more broadly. Prior to joining EY, Jo was a Senior Economist in the Australian Economics Research team at ANZ, where she spearheaded research on inflation, the retail sector, and housing. Prior to that, Jo spent over a decade at Macquarie Bank.
Jo has been extensively involved in the banking sector with a primary focus on economic research and trends, currency strategy, sales, and analysing key economic markers ranging from the labour market, to inflation, to consumption. Jo’s breadth of experience has driven her interest in bringing the macro narrative to business conversations across Australia. Jo believes that when you are thinking about what can go right, or wrong, in your business, it most likely starts at the macroeconomic level.
As a leading female in economics, Jo works to champion women’s equality in the workforce and be a driving voice for better gender outcomes. Jo has a keen interest in female financial literacy and promoting economics to young women. She sits on the Advisory Board for the Finance Women’s Index, which aims to measure the economic progress of Australia’s women. She is also involved with SheStarts, an accelerator program for female entrepreneurs in the tech space.
Additionally, she is committed to giving back to the community and has been involved with Gold Week at the Sydney Children’s Hospital the FoodBank, and The Smith Family. Jo has a Bachelor of Commerce, Master of Economics, and was awarded the Senior Prize in Economics.
Martin Fahy is Chief Executive Officer, having joined ASFA in November 2016.
Martin was previously a Partner in management consultancy at KPMG where he worked with clients across the financial services and other sectors to drive transformational change. From 2007 to 2011, Martin was CEO at FINSIA where he led the organisation’s transformation post the sale of its education business. Prior to FINSIA, he led strategy and development for CIMA in Asia Pac.
Martin holds a Ph.D from the National University of Ireland, is a former senior Fulbright scholar and has extensive research and policy experience from his time as an academic.
Jacqui Maddock is ASFA’s Manager of Content, Campaigns and Media.
Formerly Head of Media at BlueChip Communication, Jacqui brings financial services public relations and integrated marketing expertise to the ASFA team, along with fifteen years of international business journalism experience.
Jacqui has worked in China and the U.S.A for some of the world’s largest media outlets including Fox News Business, The Huffington Post and China Central Television, and in Australia for ABC, Network Ten and the Finance News Network.
Jacqui holds a Bachelor of Arts in Communication (Broadcast Journalism) from Charles Sturt University.