Predatory payday lenders are profiting from vulnerable Australians and trapping them in spiralling debt, according to a collaborative report by 20 consumer advocacy bodies. The report, The Debt Trap: How payday lending is costing Australians, projects that by the end...
SMEs are set to have better access to finance, with the Australian government making two key moves this month to free-up lending to small business operators. Firstly, Treasurer Josh Frydenberg says he will instruct the corporate watchdog ASIC to tell banks to waive...
The property price caps in each state have been revealed for the federal government’s new first home buyer scheme. Read on to find out the maximum value of a property you can purchase under the scheme. Imagine buying your first home with a 5% deposit and not having to...
Inside the mortgage industry there has been a lot of excitement about the changes in how loan serviceability works. In theory, it should make loans more accessible to everyone. Unfortunately it hasn’t really benefitted everyone equally. The real winners are home...
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...
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...
