Trump's Super Plan Lags Behind Australia's System
Donald Trump's proposed superannuation reforms in the US lack the compulsion and universality of Australia's system, leaving many Americans without adequate retirement savings.
Category : Banking
Savers Left Behind as Banks Pass Rate Hikes to Mortgages
Australian banks are passing on interest rate hikes to mortgage holders but not to savers, leaving many feeling the pinch as savings rates remain low.
Tabcorp Shares Plunge on Austrac Anti-Money Laundering Probe
Tabcorp shares have fallen sharply after Austrac launched an investigation into the company's anti-money laundering compliance, raising serious regulatory concerns.
Stirling City Seeks $53K Legal Fees Over $1,899 Debt
The City of Stirling is pursuing $53,344 in legal costs from a ratepayer over an unpaid $1,899 rates bill. A District Court judge ordered a retrial, citing insufficient evidence for the costs.
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Canberra Mortgage Holders Face $131 Monthly Increase
Canberra homeowners are bracing for an additional $131 per month on their mortgage payments following the latest interest rate hike by the Reserve Bank of Australia.
RBA Hikes Rates Third Time, Blow to Mortgage Holders
The Reserve Bank of Australia has raised interest rates for the third consecutive month, adding pressure on homeowners already struggling with rising living costs.
Business shows Government how to fix housing crisis
Sean Smith argues that the private sector is leading the way in addressing Australia's housing crisis, urging the government to follow their innovative approaches.
Major Banks Hike Interest Rates After RBA Decision
Commonwealth Bank, NAB, Westpac, and ANZ have raised interest rates following the Reserve Bank of Australia's latest decision, impacting borrowers.
RBA Likely Third Rate Rise to Hike Mortgage Costs
The Reserve Bank of Australia is expected to deliver a third consecutive interest rate rise, increasing mortgage repayments for homeowners across the country.
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Pension Super Work Changes 2026
The government announces major pension reforms allowing retirees to work more without losing benefits, and new superannuation contribution rules from July 2026.
Chalmers Reduces EV Tax Benefits in Budget
Treasurer Jim Chalmers announces reduction in electric vehicle tax incentives in the upcoming federal budget, aiming to balance support for EVs with fiscal responsibility.
Private Health Insurance Value for Older Australians
In response to criticism of the government's planned PHI rebate reduction for older Australians, a reader argues private health insurance already offers terrific value and will continue to do so.
Tax System Blocks Australia's Housing Supply: Expert
A leading economist argues that Australia's tax system is a major barrier to increasing housing supply, calling for urgent reform to address the housing crisis.
CITIC Pacific's Sino Iron Profit Falls to $145m Amid Palmer Suit
CITIC Pacific's Sino Iron mine in WA sees profit fall to $145m while Clive Palmer sues for $6b, highlighting ongoing legal and financial challenges.
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Cessnock Council Appoints Natalia Cowley as Financial Leader
Cessnock City Council has appointed Natalia Cowley as its new Chief Financial Officer, bringing extensive experience in local government finance to the role.
ANZ half-year cash profit up 14% after 3,500 job cuts
ANZ has reported a 14% rise in half-year cash profit to $3.6 billion, driven by cost-cutting measures including the elimination of 3,500 roles under CEO Nuno Matos.
RBA Third Rate Hike to Reshape Housing Market
The Reserve Bank is expected to deliver a third consecutive rate hike, which analysts say will significantly reshape parts of the property market across Australia.
Austrac Awards Palantir $506M Deal in Non-Competitive Tender
Austrac has awarded Palantir a $506 million contract without competitive tender, raising concerns about transparency and value for money in government procurement.
CBA Axes Over 40 Bankwest Jobs in Latest Restructuring
Commonwealth Bank of Australia has eliminated more than 40 positions at its subsidiary Bankwest, continuing a significant restructuring effort that has seen hundreds of jobs cut in recent months.
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Cochlear shares plunge 41% after second earnings downgrade
Cochlear shares hit a decade low after the hearing implant pioneer slashed its full-year earnings guidance for the second time in two months, citing softer sales and US policy changes.
Super Funds Rebound in April, But Some Face Locked Losses
Superannuation accounts showed a strong recovery in April, with balanced funds gaining 1.8%, but members who switched to cash during downturns may have locked in losses, according to Chant West.
Jake Friel Faces Court Over Sophisticated Fraud in Geelong
Jake Friel has appeared in the County Court in Geelong, charged with a sophisticated fraud scheme involving false documents and financial deception.
NAB Warns Federal Government of Recession Risk
National Australia Bank has cautioned the federal government about potential recession risks, highlighting economic challenges and policy implications.
Cash Use Rises in Australia as Physical Money Makes a Comeback
New data from the Reserve Bank of Australia shows a rise in cash payments to 15% in 2025, with half of Australians using cash weekly and 1.5 million relying on it.
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Newcastle Permanent Axes Financial Planning, 7 Jobs Cut
Newcastle Permanent has eliminated its in-house financial planning division, resulting in the loss of seven jobs. The move aims to streamline operations amid changing market conditions.
Super Reform May Cost Budget $1B, Aid Retirees
A new proposal by the Actuaries Institute aims to shift retirees from taxed super accounts to tax-free products, potentially reducing government revenue by $1 billion yearly while improving retirement outcomes for older Australians.
Cash Out Day 2026: ATM Blitz to Fight Cashless Society
Pro-cash campaigners are urging Australians to withdraw cash on April 28, 2026, to protest against digital payment shifts and bank closures, amid declining cash usage.
Bank of Mum and Dad Now Gifting, Not Lending
A Mozo study reveals Australian parents are increasingly giving money outright to adult children, with 40% providing financial support, shifting from loans to gifts.
HESTA Appoints Robbie Campo as New CEO
Industry super fund HESTA has named Robbie Campo, a veteran with over 20 years of experience, as its new Chief Executive Officer, effective immediately.
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Interest Rates and Geopolitics Lead to Buying Paralysis
Financial expert Chris Foster-Ramsay explains how rising interest rates and global uncertainty are creating decision paralysis among consumers and investors, impacting major purchases.
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