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The South Australian government’s proposed $370 million national levy on Australian banks has been labelled an “outrageous cash grab” by the Australian Bankers’ Association. Announced in the state budget on 22 June, the proposed tax will target the big four banks as well as Macquarie Bank, with a quarterly levy on bonds and deposits over […]
FINANCIAL abuse in any family or relationship is a powerful and dangerous form of intimidation which is a lot more common in Australia than you think … not just celebrity divorces. What makes financial abuse even more insidious is that that the abuser often justifies their actions as caring. But the bottom line is that […]
Housing was a hot button topic for the 2017/2018 federal budget, so it’s no surprise there were a raft of changes for real estate. The new measures have impacted on a variety of housing rules from first-home buyers’ savings strategies to what investors can claim at tax-time. Here are the five big announcements to know […]
Industry Brokers – “If you can’t trust your broker, who can you trust?” I am in awe of what you do,” said Minister for Small Business Michael McCormack to a room full of brokers in Sydney. At a breakfast event held by the Mortgage & Finance Association of Australia (MFAA), the minister spoke of the […]
Banks accused of ‘regulatory manipulation’ with Sedgwick review! Stephen Sedgwick is not qualified to make any recommendations about broker remuneration, argues the head of an industry association, who has slammed the review for not consulting the third-party channel. Speaking to The Adviser, the FBAA’s Peter White said the release of the ABA-funded Sedgwick review is […]
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