The Commonwealth Bank (CBA) is advocating for the Reserve Bank of Australia (RBA) to eliminate surcharges on all credit and debit card transactions. These fees impose significant costs on consumers, …
business
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- Cost of Living
Renowned Bondi Bar Calls It Quits After 12 Years: ‘Not the Farewell We Imagined’
by adminBondi Hardware, a beloved bar just moments from Bondi Beach, has announced its closure after 12 years of service. Located on Hall Street in Sydney’s eastern suburbs, the venue made …
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Over the past year, Australia has witnessed significant shifts in its cash usage and payment methods. Macquarie Bank took a notable step in May by becoming the first major Australian …
- Cost of Living
IGA alleges $150 million loss due to illicit tobacco market, leading to reduced staff hours
by adminIGA, Australia’s leading independent supermarket chain, is facing significant financial losses in legal cigarette sales, amounting to $150 million over the past three years, due to the growing illicit tobacco …
- Cost of Living
Australia’s First-Ever Women’s Sports Bar Closes Its Doors Just Months After Launch
by adminAustralia’s pioneering women’s sports bar, The Ladies’ League (TLL), located on Oxford Street in Darlinghurst, Sydney, is set to close just four months after its grand opening in August 2024. …
- Cost of Living
Increased welfare payments, pricier passports, and salary hikes: All the changes coming into effect from January 1, 2025.
by adminAs January 1 ushers in a new year, it also brings a variety of changes across Australia, affecting welfare payments, laws, taxes, and wages. Key updates include a 3.8% rise …
- Cost of Living
‘The Devastating Reasons Behind the Closure of Small Businesses Like Belinda’s in 2024’
by adminAustralian small businesses are facing unprecedented hardships, leading many to closure this year. Business owners, like Belinda Jane Keehn, who operated BJ’s PJs, have shared heartbreaking stories of being unable …
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Coffee enthusiasts should brace themselves for rising prices as global coffee commodity costs surge. Arabica beans, the most popular among producers, reached $US3.44 for 0.45kg recently, marking an 80% increase …
- Finance
ATO secures $100 billion in tax from major corporations, yet nearly a third contributed nothing at all.
by adminIn the 2022-23 financial year, nearly one-third of large businesses in Australia, totalling 1,253 entities, did not pay any tax, according to the Australian Taxation Office (ATO). This figure marks …
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Recent research indicates that major building companies in Australia face significant risks of becoming “zombie companies,” largely due to escalating costs and labour shortages. Data from KPMG Australia highlights a …
