The corporate regulator cited submissions from people who had left violent relationships or who had lost work during the pandemic.
The nation’s largest business lender says local companies could be hit hard if president-elect Donald Trump ploughs ahead with his tariff threats.
Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors,to be revealed this week.
The government has picked debit card surcharges as the latest enemy to target in its fight to conquer the cost of living crisis. But beware the pea and thimble trick.
Many mining and manufacturing workplaces already have liquor bans in place,and it’s a safe bet that workplace drinking could go the way of the dinosaurs within a decade.
While markets are expecting at least one rate cut before the end of the year,RBA governor Michele Bullock and most of the big four banks disagree.
Australians aged under 55 have been rapidly eating into their savings as they bear the brunt of the Reserve Bank’s fight against inflation.
While a significant number of businesses are struggling,60 per cent of companies say they are planning to expand in the next year,a survey shows.
Some would call it a margin-plumping exercise – the banks prefer to think of it as margin protection. Either way,it’s good for bank profitability.
NAB chief executive Andrew Irvine said cost-of-living pressures and high-interest rates continued to weigh down mortgage holders.
One of the big four banks in Australia has slashed its three-year fixed rate by a huge 60 basis points as it bets big on interest rates going down.