The Albanese government intends to require businesses to accept cash for essential purchases from 2026 as part of its strategy to phase out cheques. This move aims to support Australians …
money
- Finance
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Australian consumers have recently displayed a modest uptick in spending, with a 0.8 per cent increase reported in October, as revealed by the Commonwealth Bank’s Household Spending Insights (HSI) index. …
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Digital-only banks, or neo banks, are transforming the financial landscape, with Up recently achieving a significant milestone by reaching one million customers. This innovative bank is resonating with Australians by …
- 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 …
- Finance
Going Nowhere: CBA Delays Rates Cut Predictions Despite Strongest Inflation Data in Years
by adminThe Commonwealth Bank of Australia (CBA) has revised its forecast regarding interest rate cuts by the Reserve Bank of Australia (RBA) and no longer expects a reduction before December 2024. …
- Finance
ANZ Lowers Fixed-Rate Home Loans for Select Customers, Raises Rates on ‘High-Risk’ Offers
by adminANZ has made another adjustment to its fixed home loan interest rates, becoming the final major bank to lower these rates. However, the new, reduced rates are only available to …
- Finance
Over a Million Australians Have Yet to Submit Their Tax Returns as Deadline Draws Near
by adminWith just a week left until the October 31 deadline, over 1.5 million Australians have yet to submit their tax returns, putting them at risk of penalties. So far, 9.4 …
- Finance
International Monetary Fund Declares Global Battle Against High Inflation ‘On the Verge of Victory’
by adminThe International Monetary Fund (IMF) announced that the global battle against inflation has been largely won, with minimal impact on economic growth. Inflation rates in wealthy nations are projected to …
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Hannah Armstrong, a 29-year-old woman from Victoria, grew up in a family dedicated to frugality, thanks largely to her mother, Cath Armstrong, who founded the ‘Cheapskates Club’ to share money-saving …
