#Finance
Why a 30% trust tax proposal has finance brokers worried about more than the bill
A new 30% trust tax could force finance brokers into costly restructuring. COSBOA’s Skye Cappuccio says the real cost goes beyond the tax bill.
From chaos to clarity: Expert advice for managing your business finances
In this week’s episode of Let’s Talk, our panel of experts explore ways to get business finances in order.
Founder Friday with Anil Sagaram: connecting consumers with sustainable (and rewarding) financial solutions
The story of Acacia Money, a platform and app that's empowering users to make smart, sustainable financial choices.
Cushioning your business: protecting your cashflow with debt resolution systems
Even as businesses across Australia and New Zealand brace for rising costs ahead, protecting one’s cash flow has never been more crucial.
Meet the Ministers who are going to drive industry, finance, and small business
“This is an exciting team, a team which is overflowing with talent,” PM Anthony Albanese has said about his new cabinet and ministry.
How high growth e-commerce companies are navigating supply chain disruption
Supply chain disruption is challenging retailers and consumer brands. Here are some finance options that can help.
Secrets of Business Success: insights from an outsourced 21st Century CFO
Outsourcing a CFO and Finance function allows business owners to focus their energies on the day-to-day running of their business, while employing someone who is more across the specifics the modern role requires.
Financial democratisation: The people are now dictating the money game, not banks
Demand, competition and technology are driving seismic changes in the financial landscape, with power heading from the banks to the people…
ANZ only big bank to fully pass on RBA cut
ANZ has again become the only big four bank to reduce variable mortgage rates in full following the Reserve Bank’s cash rate cut, while rivals CBA, NAB and Westpac will be passing on only part of the amount this time. ANZ was widely criticised last month when it passed on just 0.18 percentage points of […]
Consumer confidence edges up: ANZ
Consumer confidence edged up marginally over the weekend as respondents felt optimistic about their finances despite gloom about the economy at large. The ANZ-Roy Morgan Australian Consumer Confidence index gained 0.1 per cent from the previous week, with respondents’ perception of the country’s current economic conditions – including the outlook for the next 12 months […]
How SMEs can avoid common financial pitfalls by managing cash flow
Setting up a small business can be an exciting yet daunting experience. By the time you actually launch your business you have likely experienced a lot of uncharted waters, sleepless nights, caffeine highs and are generally left questioning your overall sanity. Trust me I know. In 2008 my brother and I started our business, Credit […]
Lack of millennial home ownership results in rejected business loans
Nearly half (44%) of Gen Y (also referred to as millennials) small businesses have applied for finance in the last year and more than a third (39%) of those applications were declined. This is according to the latest findings from the MYOB Business Monitor. The report, which explores the state of play of 1,000 Australian […]
Confidence slips after RBA holds rate: ANZ
Consumer confidence fell last week as Australians’ perception of the economy at large took a sharp negative turn following the central bank’s decision not to cut the cash rate, ANZ analysts say. The ANZ-Roy Morgan Australian Consumer Confidence index slid by 2.1 per cent from the previous week, with the “time to buy a household […]
Morrison: Interest rate cut up to RBA
Prime Minister Scott Morrison won’t be drawn on a possible interest rate cut by the Reserve Bank, saying any reduction is a decision for the independent central bank. Financial markets see an increased likelihood of a cut in the 1.5 per cent cash rate after inflation figures released this week showed the annual rate unexpectedly […]
External Ratings Committee formed to ensure transparency in the financial services sector
An external governance committee has been formed in response to the Royal Commission to ensure transparency in the financial services sector. The industry-led initiative will oversee a new rating system on financial advice licensees to help consumers make informed decisions. According to Australia’s only independent rating service of financial advisers, Adviser Ratings, the establishment of […]
Financial literacy gurus join forces to educate Australians to be money smart
There is an alarming number of Australians who are financially illiterate, which is why financial services experts Theresa Mills and Catherine Birchall have joined forces to launch a financial wellbeing program. Following two years of intensive research and digital development, Money 101’s Financial Wellbeing program will be introduced into Australian workplaces. Money 101 founding […]
Major banks still ‘feeding’ off small businesses
Kate Carnell has expressed concern that promises have not been kept.
Revasum begins trading on the ASX
Another company will start trading on the Australian Securities Exchange (ASX).
The steps you must take before starting a business
Every single entrepreneur has the dream and goal of opening up his or her own business. It’s a task that requires a lot of guts and bravery, and not everyone is ready to take the plunge. If it’s too spontaneous, there isn’t enough planning beforehand, but even when you takeit slowly, you still have to […]
NAB full-year profit drops 14% to $5.7bn
“We are determined to put things right and are taking steps to build a better bank.”
CBA appoints new CFO
Alan Docherty gets new role at CBA.
MYOB subject of $1.75bn private equity bid
US private equity firm KKR & Co has launched a conditional $1.75 billion takeover offer.
How to identify a bad client: 5 warning signs to look out for
The common warning signs to look out for.
No $8m fine for CBA but it felt punished
CBA feels it has already received punishment.