Cash may no longer be king but an unprecedented global outage has put paid to the idea Australia will do away with paper notes and coins anytime soon. Banks, airlines, supermarkets, media organisations and retailers were unable to operate on July 19 after an outage triggered by major cyber security firm CrowdStrike releasing a Windows … Read more
Centrelink recipients heading overseas have been reminded to loop the government in on their plans. “There are rules covering how travelling outside Australia may affect your payment or concession card,” Centrelink said. “These depend on the payment or concession card you get. Know the news with the 7NEWS app: Download today “When you leave Australia, … Read more
Markets regulator Sebi has validated a well-known secret on Dalal Street – most retail intraday traders don’t make money. According to a study by Sebi, 71% of individual traders in intraday equity segment incurred losses during FY23, up from 65% in FY19 and 69% in FY22. Not just that, the more you trade intraday, the … Read more
A company which ran wealth seminars, courses and mentoring programs has been slammed by the federal court for touting misleading information. Master Wealth Control Pty Ltd — or, DG Institute — was on Monday ordered to pay millions in penalties and refunds through a redress scheme to its formerly enrolled students. Well over 3000 students … Read more
A young entrepreneur has revealed how she managed to accumulate £12,000 to kick-start her own fashion brand – which is now valued at a staggering £5m. Aimee Smale launched her brand Odd Muse in 2020 while working remotely during the Covid lockdown – and it’s been an upward trajectory ever since. In a candid chat … Read more
Taxpayers are being reminded the Australian Taxation Office (ATO) will siphon money from their tax returns to pay off any outstanding Services Australia debts. Even those people who have existing repayment arrangements with Services Australia could discover a chunk of their tax return missing. “If you have an outstanding debt with us, we may take … Read more
On Friday, when a CrowdStrike update caused millions of Microsoft systems to crash around the world, many businesses were faced with a choice: Go cash-only, or close until systems came back online. This quickly caused chaos in Australia, whose government has explicitly encouraged businesses to go cashless. Pictures posted on social media showed card-only self-checkout … Read more
Aldi is launching a new range of candles that are said to smell just like their designer counterparts, but at a fraction of the price. The supermarket giant is set to introduce its new home fragrance collection from this weekend as part of its weekly Specialbuys. The popular Aldi fragrance, Cardinal Red Eau de Parfum, … Read more
A Melbourne student is $4.8 million richer after winning The Lott’s Set For Life division one prize in Monday’s draw. The man, aged in his 20s, will pocket $20,000 a month for the next 20 years. “I have butterflies in my stomach, it’s so unexpected,” he told The Lott officials when they rang him with … Read more
Australia’s top-performing superannuation funds have been revealed, with members reaping the benefits of an “impressive” year of returns, according to new research. International technology and Australian banking shares helped drive above-average returns over 2024, investment research group Lonsec’s SuperRatings said. SuperRatings found the average balanced investment super fund returned 8.8 per cent to members for … Read more
