News: Money

Only 8pc of businesses will prioritise increasing wages if taxes are cut

Sunday  04:30,   22 april 2018
Sydney Morning Herald

One-in-five businesses say they don't need a tax cut to secure their future."We would probably put it into advertising or areas to promote the business - we don’t do as much as we would like to," says co-founder Genevieve[...]

When money goes missing on the way to the ATO

Sunday  04:30,   22 april 2018

They paid their tax to their accountant, or gave their correct TFN. But the tax office is saying 'tough luck, cough up' anyway.When that trust is breached, as one group of victims of an alleged fraud are finding out, the outcome can be[...]

Comment: Sickening bank behaviour shows need for broader probe

Sunday  04:30,   22 april 2018
Sydney Morning Herald

The behaviour of executives must be examined amidst the government's disgraceful spin.If one thing is becoming clear from the royal commission it is that our financial institutions see themselves as beyond the[...]

This is how a nurse and her husband lost their home when they asked Westpac for advice

Sunday  04:30,   22 april 2018
Business Insider Australia

A couple planning for retirement went to Westpac for financial advice on buying a bed and breakfast business. That didn't happen and it didn't take long for Westpac to sell the couple expensive life insurance and charge a string of fees for [...]

Unseasonal weather is causing “a major worry” for Aussie retailers as winter clothing piles up

Saturday  17:21,   21 april 2018
Smart Company

Unseasonably hot weather has got retailers around Australia in a sweat, as they begin to slash prices on autumn and winter clothing ahead of schedule.Mid-season sales, which generally commence in July, are being brought forward by retailers around[...]

American economist Joseph Stiglitz wins 2018 Sydney Peace Prize

Saturday  15:55,   21 april 2018
Sydney Morning Herald

One of the world's leading experts on inequality has been awarded the Sydney Peace Prize.The former economic adviser to the Clinton administration and Chief Economist at the World Bank will come to Sydney to deliver the City of Sydney Peace[...]

Photo-sharing pioneer Flickr has a new owner: SmugMug

Saturday  15:10,   21 april 2018

Don't worry, SmugMug won't try to turn Flickr into the next Instagram, CEO says as he takes over the site 10 months after Verizon bought it through its Yahoo acquisition.Yahoo acquired Flickr in 2005 and under former Chief Executive Marissa[...]

Westpac adviser's misconduct driven by bonus payments

Saturday  05:00,   21 april 2018

A former Westpac financial adviser whose misconduct cost the bank $2.2 million was motivated by a desire to boost his bonus, royal commission hears.A former Westpac financial adviser whose misconduct has cost the bank $2.2 million in compensation[...]

ATO glitch delays 'significant number' of superannuation payments

Saturday  04:30,   21 april 2018

Is your superannuation balance looking a little low? It could be because your most recent payment may have been sitting idle in an Australian Taxation Office (ATO) account, after a technical problem prevented the transfer of a 'significant[...]

No need for live exports in SA says union

Saturday  04:10,   21 april 2018

The Greens and the meatworkers' union have joined forces to call for an end to live animal exports from South Australia, saying it won't hurt the local economy.As national debate around the ethics of live animal exporting boils over, the[...]

Aussie dollar plunges on weak job figures

Saturday  03:16,   21 april 2018

Disappointing local employment figures and falls in US stocks overnight has dragged the Australian dollar lower.At 0635 AEST on Friday, the local currency was worth 77.31 US cents, down from 78.01 US cents on[...]

'No reason' for skyrocketing Brisbane fuel prices

Saturday  02:06,   21 april 2018

Prices today hit a three-year high, surging up to $1.56 in parts of the river city. Kenmore was this morning home to the most expensive petrol, charging motorists $1.56 for Unleaded E10, $1.76 for Premium."It's just unacceptable there was no good[...]

Ipswich Council backflips on dumping recycling

Saturday  02:05,   21 april 2018

The Ipswich City Council, west of Brisbane, says it intends to reverse its decision to send recycling to[...]

Corporate crooks to face tougher penalties under new rules to be revealed by Government

Saturday  00:31,   21 april 2018

Dodgy bankers and other corporate criminals could face a maximum 10 years' imprisonment under tough new penalties revealed[...]

Exclusive: Chat is Google’s next big fix for Android’s messaging mess

Friday  16:36,   20 april 2018
The Verge

How the successor to SMS will take on iMessage  It’s a problem. In fact, it’s been always been a problem. Google has spent nearly a decade trying — and failing — to fix it with an ever-rotating cast of poorly supported apps. While[...]