Treasurer Jim Chalmers has taken aim at petrol companies not passing on wholesale price drops to consumers as Australia again stares down an energy crisis. Dr Chalmers says he’s been working with the Australian Competition and Consumer Commission to monitor bad behaviour and retail price gouging. “The...
If someone offers to withdraw your super or move it to a self-managed super fund (SMSF) so you can access the money, it’s probably a scam. Learn how to spot a superannuation scam, and where to report it. How to spot a super scam Scammers can target you...
You need a director ID if you’re an eligible officer of: a company, registered Australian body, or registered foreign company under the Corporations Act 2001 (Corporations Act) an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act). An eligible officer is a...
Most people can choose which super fund they’d like their super contributions paid into. You can go with your existing fund, your employer’s fund, or choose a different fund. Your employer will give you a ‘standard choice form’ when you start a new job. This sets...
ANZ has agreed to buy Suncorp’s banking business for $4.9 billion in Australia’s biggest banking deal in a decade, and one the big-four lender describes as a vote of confidence in Queensland. ANZ will continue operating under the Suncorp Bank brand for five years as it...
Rising profits levels among the Australian corporate sector have been identified as one of the key causes for increasing inflation levels across the country, a new report has shown. Research from The Australia Institute has revealed increasing profit levels among companies, and not increased wages for...
Australia’s economy will slow down over the next 12 months, but not catastrophically so, a global consulting firm has predicted. Deloitte Access Economics’s quarterly Business Outlook forecasts economic growth of 3.0 per cent in 2022/23 and 2.5 per cent the following year. Author Stephen Smith calls it...
Treasurer Jim Chalmers is seeking to use a review of the RBA to ensure Australians can have confidence in the central bank, underpinned by policies that are fit-for-purpose. Dr Chalmers on Wednesday announced a review of the Reserve Bank’s monetary policy and make-up of its board...
You should be aware of your tax and super obligations before you leave Australia. If you have already left, you can use ATO online services to do most tasks. When you leave Australia, you need to work out if you remain an Australian resident overseas....
More than half a million Australians in at least 400 remote or regional communities lack access to quality drinking water. An estimated 408 rural locations with a combined population of 627,736 people failed to measure up to health-based guidelines in 2018-2019, according to researchers at the...