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Finance News

Government Announces Reform Of Housing Tax Deductions

The Federal Government has released draft legislation that aims to increase the fairness of tax deductions for investment properties. The office of the Treasurer announced the draft legislation on Friday, which will limit the extent to...

SMSF Trustees Uncomfortable With Data Offshoring

Finance News -

July 14th

SMSF Trustees Uncomfortable With Data Offshoring

Self-managed super fund trustees are overwhelmingly opposed to the practice of accountants and advisers sending their personal financial information overseas to unknown entities, according to a new survey. Superfund Wholesale's survey of SMSF trustees revealed that...

Finance News -

July 14th

Aussie Dollar Surges To 4 Month High

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...

'All Australians Vulnerable To Organised Crime' - AUSTRAC

Finance News -

July 13th

'All Australians Vulnerable To Organised Crime' - AUSTRAC

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...

CFOs Confident, Consumers Still Pessimistic

Finance News -

July 13th

CFOs Confident, Consumers Still Pessimistic

Unlike consumers, Australia's most senior finance executives are overwhelmingly optimistic about the future. Based on their survey of chief financial officers (CFOs) from major Australian listed companies, Deloitte’s CFO Sentiment Report for the first half of...

Carbon Tax On Cars? 'As Much Chance As Elvis Comeback'

Car Loans -

July 12th

Carbon Tax On Cars? 'As Much Chance As Elvis Comeback'

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...

'A Nation Of Spenders': Australia's Poor Saving Habits Revealed

Finance News -

July 11th

'A Nation Of Spenders': Australia's Poor Saving Habits Revealed

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...

Major Banks Increasing Their ‘Share Of Wallet’

Finance News -

July 10th

Major Banks Increasing Their ‘Share Of Wallet’

The Big 4 major banks have each increased their ‘share of wallet’ in the decade up to May 2017, according to Roy Morgan research. Share of wallet refers to the amount of customers’ money a bank...

Fast Cover Insurance Introduces Bali Survivor Board Game

Finance News -

July 10th

Fast Cover Insurance Introduces Bali Survivor Board Game

Planning and preparing for a Bali trip can now be even more fun, thanks to a new online board game by travel insurance company Fast Cover. The Bali Survivor Board Game, described by the company as...

Homeowners Using Green Renovations To Cut Power Bills

Finance News -

July 10th

Homeowners Using Green Renovations To Cut Power Bills

New research from peer-to-peer lender RateSetter has revealed that nearly 1 in 5 of their home improvement loans are used for energy efficiency renovations. The research, based on analysis of thousands of RateSetter personal loan customers,...

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