A decision is expected to be made today in the High Court on whether 7 million Australians will be able to receive the Government’s promised $900 stimulus package cash bonus. Legal academic Bryan Pape is challenging the stimulus package cash handouts, claiming they “exceed the government’s taxation powers” and are simply “a gift.” Pape believes […]
The ACCC has proposed authorising an agreement between members of an ATM sub-network not to charge each other’s cardholders a fee for transactions at ATMs owned by members. The reforms allow sub-networks to operate where financial institutions continue to charge each other for their cardholders’ transactions, rather than charging the cardholder directly. The sub-network, branded […]
Treasurer Wayne Swan has put pressure on the RBA to further drop interest rates believing it will help cushion the economy from the global financial crisis. The RBA last month kept the cash rate at 3.25 percent, the lowest in 45 years, but Swan believes the bank has “room to cut rates further if necessary.” […]
The switch is on for young and old. The Federal Government’s $6.7 million advertising campaign to educate consumers about digital TV and encourage people to make the switch before the 2013 deadline; is set to begin this week on free-to-air TV and radio. Speaking at a digital TV conference in Sydney yesterday, executive director of […]
Japan’s economy is in trouble yet again, with figures showing automobile production and industrial output plunged in February. Figures released from the country’s Industry and Economy Ministry revealed automobile production in Japan dropped 56.2 percent in February from a year earlier, the fifth straight monthly fall as the global recession hits; with industrial production falling […]
A report conducted by The Australian Competition and Consumer Commission (ACCC) of the performance of Australia’s airports, has found that Sydney airport is the worst performing in the country. Sydney has ranked the ‘worst performer’ for service and value for the third year in a row. The assessment was conducted by passengers, airlines and government […]
Pitch Club, a business networking event designed to help entrepreneurs pitch their ideas from a miniature boxing ring to an audience of potential investors, is calling on all entrepreneurs to participate in its upcoming events. In its second year, PitchClub has received national acclaim for its successful events, aimed at “energising Australia’s entrepreneur and investment […]
The Minister for Tourism, Martin Ferguson has today launched Tourism Australia’s No Leave, No Life campaign to encourage Australians to use their accrued leave and $900 stimulus bonus on a local Aussie holiday. The No Leave, No Life program has been developed in conjunction with the business community to offer employees and employers the tools […]
Bankwest has confirmed it will slash 400 jobs, in an effort to keep the company afloat during the downturn. The subsidiary of Commonwealth Bank is set to cut 250 jobs in Western Australia, and the rest on the east coast. The decision comes after four years of rapid expansion that has seen Perth-based Bankwest increase […]
Treasure Wayne Swan has said that Australia will survive the world financial crisis and will come out of it more prosperous. Mr Swan believes that Australia’s strong financial system will put the economy in a better position than other nations. “While there are no quick fixes to this global recession, with the right action globally […]
