A stronger helping hand from government to keep prices stable and the economy humming has been offered up as a parting suggestion by outgoing Reserve Bank governor Philip Lowe. In his final speech as governor, Lowe said more flexibility to pull spending and taxing levers to manage the economy and keep inflation stable could “help … Read more
The corporate watchdog has launched legal action against Australia’s biggest superannuation fund for failing to consolidate the accounts of 90,000 members, costing the people affected $69 million. The Australian Securities and Investments Commission claims AustralianSuper failed to identify members who had multiple accounts and merge them for almost 10 years. The fund then charged fees … Read more
Millions of Australian pensioners will receive a benefits increase from Wednesday, offering some relief amid the mounting cost-of-living crisis hitting households across the country. In the biggest boost ever, from September 20 recipients of the Age Pension, Disability Support Pension and Carer Payments are set to receive an increase of $32.70 a fortnight for singles, … Read more
Royal Adelaide Show attendees have been warned to remain on the lookout for counterfeit cash as South Australia police investigate a number of fake bank notes circulating at the event. Three counterfeit $50 notes were passed at three separate stalls at the Royal Adelaide Show between Thursday, September 7, and Friday, September 8, police said. … Read more
A mother who had $10 million wrongly deposited into her account after a mistake by a cryptocurrency website had initially aspired to bring her children to Australia through sheer hard work, a court has heard. Thevamangari Manivel moved to Australia in 2015 with the goal of providing for her family and bringing her three children … Read more
Adelaide builder Qattro has been placed into voluntary administration, with the company’s boss blaming the COVID-19 pandemic for its demise. Qattro’s managing director Bradley Jansen said he had “exhausted all options” to try to help the company recover post-pandemic, only for supply chain issues and labour shortages to hamper his efforts. “I have made significant … Read more
Karen Scarlett had been eagerly waiting to move into her dream home that’s been under construction with Adelaide-based builder, Qattro, for three years. Now she faces the idea of giving it up all together to buy another home, which could cost her $150,000 more than the first house, or continue renting. “When you’re on a … Read more
A subtle change is set to take effect on Australian banknotes, as Michele Bullock takes over as governor of the Reserve Bank of Australia (RBA). Bullock, the ninth RBA governor and first female to take on the job, stepped into the role officially on September 18. The role was previously held by Philip Lowe, who … Read more
South Australian construction company Wake Concepts has appointed a liquidator and terminated about 100 staff members. Wake Concepts specialised in the construction of wall and ceiling linings, with its major project at the time of liquidation being Adelaide’s Festival Tower in the CBD. Insolvency firm Heard Phillips Lieberenz was appointed on September 19 with Anthony … Read more
There are increasing calls for NSW Fair Trading to act against a Sydney builder that has a number of unfinished home builds, some whose owners have been told their houses’ conditions are so bad they need to be demolished and built again. Kathy Mattiello is one JND Homes client who has been waiting two years … Read more
