Finance News

Retailers have backed the view of the Turnbull Government that increasing the minimum wage will not boost job growth among the country’s poorest employees.

Banks will look at ways of making it easier for customers to cancel a credit card, after supporting key changes recommended in the Code of Banking Practise review. The review of the Code of Banking Practice...

The automotive industry in Australia is on the verge of a significant change in the near future, and young people are at the forefront of the revolution, according to Roy Morgan Research. This insight comes from...

The days of Aussie workers having multiple super accounts could come to an end under a new default superannuation system proposed by the Productivity Commission.

The Insurance Council of Australia (ICA) has declared the damage caused by Severe Tropical Cyclone Debbie as a “catastrophe". The Category 4 Cyclone, which hit yesterday afternoon between Bowen and Airlie Beach, could cost billions of...

Corelogic has revealed the areas in Australia that have over- and under-performed over the 20 years to December 2016.

A delegation of multiple consumer advocacy groups has met with MPs today in a push for tougher regulation of the payday loan industry.

According to new research from Mortgage Choice, nearly a quarter of Australians worry about their finances daily.

More than 1,100 medicine brands will have their prices reduced under the updated Pharmaceutical Benefits Scheme (PBS), the government has announced.

Australia's falling home ownership rate threatens to increase Age Pension dependence and "condemn future generations to poorer living standards", according to a new report. Commissioned by the Australian Institute of Superannuation Trustees (AIST), the report No...

A new report from professional service company KPMG has put the spotlight on what Gen Ys want in banking, and what banks can to do help.

The Business Council of Australia (BCA) has warned that a continuing Federal Budget deadlock could have serious financial ramifications for the Australian people. In their submission to the 2017-18 Federal Budget, the industry association BCA described...

Property investors looking to take out home loans through the Commonwealth Bank (CBA) may now need to save larger deposits, after the bank cut its maximum loan-to-value-ratio (LVR) from 95% to 90%. This means they will...

Australia’s financial intelligence agency, AUSTRAC, is just one of the nearly twenty partners involved in a new anti-financial crime alliance.

A power black-out can blow out your fridge and freezer, meaning a lot of expired food and medicines – but is that enough to make a contents claim? With all the power troubles South Australia has...

If you’re a young Australian who feels ill-equipped when it comes to superannuation know-how, it turns out you’re not alone. A recent study by Club Plus Super has revealed that a majority of young Australians view...

After years of debate and scandal concerning the life insurance sector, the Turnbull government has passed legislation designed to enhance consumer outcomes. The Minister for Revenue and Financial Services Kelly O’Dwyer stated that the reforms “demonstrate...

The assets test for the Age Pension may soon become quite a bit more stringent, with calls being made to make a serious change to the assets it considers.   The Age Pension assets test does...

In a surprising turn of events, Australian millennials have nominated Tasmania as their favourite holiday destination in the country. Yes, you read that right. According to a survey of almost 14,000 Gen Y individuals conducted by...

As a result of research from 2016, the big banks have announced the Better Banking program, designed to improve quality of service for all customers.