The government says extending the freeze on social security deeming rates will help 450,000 pensioners. But that's only going to benefit pensioners who get income from deemed financial investments. 

The revisions to the Stage 3 tax cuts have now passed parliament and will come into effect on July 1. See how much you're set to save under the changes.

Spending is earmarked at $1.1 billion over five years, and while any new funding is celebrated, in a sector with an estimated worth of $37 billion, it’s unlikely to effect the generational change the government is touting.  

A spokesperson for Firstmac said the company was aware of the incident and was urgently investigating it with cyber security experts, but the investigation would take some time due to its complexity.

The federal budget measure — slated to begin in July next year — is a $1.1 billion promise over four years to help improve the retirement outcomes for working mothers.