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29/10/2019

Crunch time: tax debts can now be reported by ATO to credit agencies

News

Got a large, overdue tax debt with the Australian Tax Office (ATO)? Then best listen up, because certain tax debt information can now be reported to credit reporting bureaus (CRBs). A new Australian law means the ATO will be able to disclose the tax debt information of a business to CRBs when certain criteria are Read More

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24/10/2019

Are you a spender or a saver?

First home buyers Investors Mums and dads

Are you paid weekly, fortnightly or monthly? New research indicates that how often you’re paid has a pretty big bearing on whether you’re a saver or a spender. The research, conducted by small business platform Xero, shows that Aussies who receive their salaries weekly are more likely to splash their hard-earned cash than those who Read More

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17/10/2019

Frustrating bank habit triggers probe into home loan pricing

Investors Mums and dads News

You know that infuriating habit the big banks have of failing to pass on the RBA’s cash rate cuts in full? Well, it’s finally triggered the federal government to order an inquiry into home loan pricing. The inquiry, which is being conducted by the Australian Competition and Consumer Commission (ACCC), comes just weeks after the Read More

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03/10/2019

SMEs need more support from lenders to grow: RBA

News

The ‘pendulum may have swung a bit too far’ when it comes to the tight lending standards currently imposed on small businesses, says the Reserve Bank of Australia (RBA). Since the RBA cut the official cash rate to a new record low of 0.75% on Tuesday, most of the attention has been on whether the Read More

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01/10/2019

RBA cuts cash rate, but will the banks pass it on?

First home buyers Investors News

The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.75%. But will the banks pass on the interest rate cut in full to you? RBA Governor Philip Lowe said this third rate cut in five monetary policy meetings was made to support Read More

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