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RBA to raise rates by 25 bps in August: NAB

January 19, 2018

The major bank believes that the Reserve Bank of Australia will raise the cash rate by 25 basis points in August and November. According to NAB’s December edition of the Forward View report, the RBA will not have much impetus to begin hiking the cash rate until it sees a pick-up in wages growth, which […]

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Government to implement faster payment terms for SMEs

December 5, 2017

The federal government has announced that it will implement 15-business-day payment terms for small business providers in response to a Payment Times and Practices Inquiry. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) released a report in April which noted that “late repayments have been a perennial problem in Australia”. The government’s decision to […]

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How superannuation’s blindspot for gig economy workers is setting many up for a fall

November 30, 2017

A rising number of self-employed people are failing to contribute to their own superannuation creating weaker coverage in Australia’s $2 trillion retirement income system, which has seen its score slip from last year’s world rankings. The Melbourne Mercer Global Pension Index, released on Monday, shows Australia maintained third place, behind Denmark and The Netherlands with […]

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FOS reports seven broker disputes in 2016/17

October 18, 2017

The Financial Ombudsman Service (FOS) has released new figures revealing the low number of broker disputes compared to the banks. The FOS Annual Review 2016-17reported 25,300 accepted disputes overall during the year. Of these, 10,400 involved the banks while only seven involved mortgage brokers.  These seven disputes included two around advice, two around charges, one around […]

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Could avocado prices really be keeping millennials out of the Perth property market?

October 10, 2017

Smashed Avocado keeping you out of the property market? What if you bought an avocado farm instead? Recent comments from an Australian property millionaire claiming that smashed avocado was the reason many millennials had failed to enter the property market. Lazy millennials who want everything for nothing, afraid of hard work and changing priorities, death […]

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