The trend to a cashless society continues to accelerate as one of Australia’s largest financial institutions ends cash transactions at its offices. Macquarie Bank will shift to digital-only payments from May 20, part of the group’s plan to phase out cash and cheque services for all of its products. FromContinue Reading
Almost three million Australians with a HECS debt have found out just how much their debt will increase this year. The indexation rate that will apply from June 1 was determined on Wednesday by the release of the latest quarterly inflation figure. It locked in an 4.7 per cent increase.Continue Reading
One state government is delivering a $500 boost to some families and small businesses as its second round of energy bill relief payments begin. The second instalment of relief is now flowing to thousands of South Australians, providing vital support in the lead up to Christmas. Worth approximately $254 million,Continue Reading
One of Labor’s signature election promises to boost the salaries of about 400,000 public sector wages has cost the government a massive $8bn. Across Australia, the majority of public sector employees have been given a 4 per cent pay bump, which also includes a 0.5 per cent boost to superannuation,Continue Reading
The Reserve Bank governor says he’s not declaring victory in the war on inflation just yet, and denied that he’s engaged in a scare campaign on interest rates. Appearing before a Senate estimates hearing on Wednesday morning, Philip Lowe said he is acutely aware of the unpopularity of the centralContinue Reading
Western Australia’s McGowan government has posted a multi-billion dollar budget surplus for the third year in a row. Delivering his third budget speech to parliament on Thursday, Premier and Treasurer Mark McGowan said the $3.3bn net operating surplus for 2023-24. He’s announced another $400 electricity rebates for eligible WA residents,Continue Reading
A “worrying” number of Australians are viewing their tax return as a crucial part of their finances during a cost of living crisis that has one in two decreasing their standard of living. One in eight Australians say their tax refund is “critical” to staying financially afloat in the nextContinue Reading
Australians who are looking to retire may not have to worry too much about how much they need to have in their superannuation according to the latest figures. Those looking for the bare minimum balance should have at least $100,000 in their super before retiring according to the Australian SuperContinue Reading
One of Australia’s biggest banks has cut their fixed rates – offering struggling Aussies a little glimmer of hope. Macquarie Bank will reduce most of their fixed home loan interest rates for new loans by up to 0.3 per cent per annum. After 10 consecutive rises, the Reserve Bank ofContinue Reading
Australia’s $5 note is set to undergo a royal redesign following the decision to dump King Charles III from the legal tender. The British head of state will be replaced with a new design which “honours the culture and history of the First Australians“, the Reserve Bank confirmed on Thursday.Continue Reading