Millions of Australians receiving government payments will have their benefits increase in the coming weeks, as the nation deals with a mounting cost-of-living crisis. The rise is part of the twice-yearly indexation of welfare payments, designed to keep payments in line with the rising cost of living. From September 20, welfare recipients are in line … Read more
Mortgage holders can breathe a sigh of relief with the Reserve Bank of Australia holding steady on interest rates for a third consecutive month. But the outgoing governor has warned that an uncertain financial outlook could force the central bank’s hand in the near future. The RBA board met on Tuesday and decided against hiking … Read more
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
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
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
The Good Brigade | DigitalVision | Getty Images How IRS collection notices work Typically, CP14 is the first IRS notice for an unpaid tax balance, followed by three or four reminder letters, every five weeks, explained Darren Guillot, national director at Alliantgroup, who previously served as IRS deputy commissioner of the agency’s small business division. … Read more
Australian welfare recipients may notice a disruption to services after Services Australia staff announced they would soon be striking early next month. The workers are expected to walk off the job on Monday, October 9, over a pay dispute. The 24-hour strike may impact several government services including Centrelink and health insurance. For more Personal … Read more
The Reserve Bank of Australia has held interest rates steady for a fourth consecutive month. But a hike before the end of the year remains possible, according to one of the big four banks. The cash rate remains 4.1 per cent after the RBA board met on Tuesday, the first time since Michele Bullock took … Read more
Betsie Van der Meer | Getty If you’re a last-minute holiday shopper still checking off the remaining gifts on your list, beware: You could be putting yourself at risk for fraud. “Procrastination is, quite frankly, one of the keys to success for crooks,” Paul Fabara, chief risk officer at Visa, recently told CNBC. “They assume that … Read more
Nearly one million Australians could receive a festive season boost to their bank balance, as the government tries to return $234 million in unclaimed Medicare benefits. On average, these Australians are missing out on about $240 each. WATCH THE VIDEO ABOVE: One million Australians owed millions in unclaimed Medicare benefits Watch the latest news and … Read more
