Digital wallets such as Google Pay and Apple Pay would be regulated under draft laws released by the federal government. It is the next step in the government’s plan to modernise the nation’s payments system, which includes phasing out cheque payments by 2030. The plan is expected to go before parliament this year, so digital … Read more
Australian homeowners are now facing more mortgage stress than any other nation, an International Montetary Fund report suggests. Mortgage stress refers to when more than one-third of a household income is spent on mortgage repayments. WATCH THE VIDEO ABOVE: Australians under more mortgage stress than any other nation. For more Real Estate related news and … Read more
Australians may have a Christmas present waiting for them in the form of unclaimed money. More than $582 million worth of unclaimed money is waiting to be collected by over a million Australians, according to statistics released by the NSW state revenue. Much of the unclaimed funds come from uncashed cheques and payments, unclaimed refunds, … Read more
Ausrtalians are being urged to check their 20 cent pieces for a rare detail that could help skyrocket their value to prospective coin collectors. On most Australian 20 cent coins, the base of the number two is a straight line. WATCH THE VIDEO ABOVE: A rare 20c coin could be worth thousands. However, in a … Read more
Almost one million Australians will receive a cash boost in the new year, as government support payments increase from January 1. More than 936,000 people receiving youth, student or carer support will see a six per cent boost to their payments when indexation takes effect. Youth Allowance payments will increase by $22.40 and $25.80 per … Read more
Tracey was at home cooking dinner one night when she heard a 7NEWS segment about junk insurance. Months later, she would receive a $90,000 refund she had no idea she was owed. “When I heard the segment I went ‘oh my goodness’ and quickly wrote all the information down,” she told 7NEWS.com.au. For more Personal … Read more
Glencore will cease operations in Mt Isa at one of the biggest copper mines in the world from 2025. The multinational company has notified 1200 workers that after 60 years mining copper in the far northwest Queensland city, underground operations and the copper concentrator will close. “Glencore has conducted a range of studies and reviews … Read more
South Australians will lose a $3000 electric vehicle incentive as the state government banks growing budget surpluses over the next four years. Rising tax takes will boost the state’s bottom line even as debt continues to grow, the government’s mid-year budget review revealed on Thursday. WATCH VIDEO ABOVE: Thousands of Aussies to lose $3000 cash … Read more
This article was first published in The Conversation. When was the last time you used cash? For many Australians using cash or even swiping a card has become a rare event. The move towards a cashless society started 50 years ago with the introduction of the Bankcard and was driven by technological advancements. But it … Read more
More than half a billion dollars in underpayments have been recovered and back-paid to Australian workers this year, the Fair Work Ombudsman has revealed. An incredible $509 million for 251,475 underpaid workers was recovered in 2022-23, the workplace regulator said. More than half ($317 million) of the recoveries came from large corporate and university employers … Read more
