Ellie McLachlan

Dodgy new car retailers have been put on notice by the competition watchdog, with findings from a report highlighting widespread issues affecting new car owners. The Australian Competition and Consumer Commission (ACCC) released a draft report today...

New research shows that Australians on average believe they will need $1,142,000 in savings or investments to retire comfortably, but most expect to only have little more than half that amount saved up by that point....

With over 60% of all fintech start-ups in Australia based in Sydney, a new report will recommend that the New South Wales government lift its efforts to support the local financial services industry, in the face...

Bill Shorten has announced Labor's proposed plan to target family trust tax loopholes by applying a minimum tax rate of 30% to high-income earners who use trusts to minimise tax. Addressing the NSW Labor Conference in...

Online consumer electronics retailer Kogan has expanded its offerings into the insurance market, where customers will have access to home, contents, landlord, car and travel insurance products. The new brand, Kogan Insurance, will be backed by...

Travellers going through Australia's international airport security will now be able to avoid long lines thanks to new facial recognition technology being rolled out around the country, which may eventually replace the passport for some passengers.

The Australian dollar broke through 80 US cents overnight for the first time since May 2015 on the back of US dollar weakness, despite talk from the Reserve Bank (RBA) that rates will remain on hold for now.

The annual inflation rate has fallen to 1.9%, and analysts say this will keep the Reserve Bank from raising interest rates anytime soon. The national measure of inflation came from the Consumer Price Index (CPI) today,...

Kinetic Super and Sunsuper members may soon see a reduction in fees and have more products and services available to them, following an announcement that the two funds are merging. After a comprehensive due diligence process...

The Turnbull Government says it will investigate how an open banking regime could give Australian consumers greater access to their own banking data and make the financial sector more competitive. Treasurer Scott Morrison announced that the...

The Federal Government has announced an overhaul of superannuation laws to give Australians more control over their retirement savings, and make it easier to opt-out of life insurance held within your super fund. The government’s Superannuation...

New research shows that more than half of Australians would prefer to use fingerprints, voice, or retina scans over PIN codes when making payments, and some are even ready for artificial intelligence. According to research commissioned...

Young Australians are set to benefit from a further commitment by the Turnbull Government to fund a financial literacy program for another 4 years. The new agreement, announced today by Minister for Revenue and Financial Services...

A consumer watchdog report into the private health insurance industry has found that people have trouble understanding their policies, and are starting to choose cheaper policies with lower benefits. The Australian Competition and Consumer Commission (ACCC)...

The Australian dollar has continued to soar, reaching a 4 month high against US dollar weakness. Overnight the Aussie dollar hit 77 US cents with help from recent gains in commodity prices and strong Chinese trade...

An investigation into the security of Australia's financial sector has revealed the extent to which organised criminals have exploited our financial system. Minister for Justice Michael Keenan yesterday released a report by the government's financial intelligence...

You might be lucky enough to be receiving a welcome lump of cash soon after filing your tax return – but should you be saving or splurging that refund? For many Australians, a tax refund is...

Energy Minister Josh Frydenberg has poured cold water over reports of a car carbon tax by saying an Elvis comeback would be just as likely. Yesterday Fairfax Media reported that the Turnbull government is considering new...

New research from UBank shows that Australians are withdrawing $31 billion from their savings each year, and 1 in 3 people are left penniless by payday. According to UBank's Science of Spending & Saving Experiment, these...

A number of superannuation funds have been falling short on their obligations to provide transparent information to consumers on their websites, according to the Australian Securities and Investments Commission (ASIC). ASIC announced on Tuesday that they...