Savings Accounts

Our web site and app have simplified tax time, says ATO

The Australian Taxation Workplace is encouraging individuals to file their tax returns on-line, claiming the method is less complicated and sooner than ever earlier than. ATO tax commissioner Chris Jordan stated that it usually takes half an hour for individuals to lodge their return via the myTax platform. “Now we have developed a set of on-line companies which have made…

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Jobs information barely strikes between June and July

Australia’s unemployment price has remained at 5.6 per cent, regardless of a fall in full-time employment. There have been 12.2 million individuals employed and 0.7 million individuals unemployed in July, in keeping with the Australian Bureau of Statistics. Each figures had been up 0.2 per cent on the earlier month. Though the variety of individuals in full-time employment fell by…

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Aussies off the hook for late tax returns

Excellent news for individuals who depart issues to the final minute. The Australian Taxation Workplace (ATO) have introduced they won’t be penalising Australians for failure to lodge their 2015-2016 tax returns on time. In an announcement launched on their web site, the ATO attributed this choice to IT and system issues, which in addition they apologised for. The problems we’ve encountered…

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Low degree wage progress continues in Australia

Wage progress is up – however at an traditionally low charge – throughout each the private and non-private sector, based on the most recent info from the Australian Bureau of Statistics (ABS). Whole hourly charges of pay (excluding bonuses) rose 0.5 per cent within the June quarter 2017. ABS famous that this continued a subdued charge of wage progress recorded…

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Authorities cracks down on bankers behaving badly

The federal authorities has moved one step nearer to introducing new accountability guidelines for senior bankers. The Treasury has launched a session paper for its proposed Banking Government Accountability Regime (BEAR), which goals to extend the accountability of authorised deposit-taking establishments (ADIs), in addition to their director and senior executives. “The BEAR will present larger readability concerning their tasks and…

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Authorities seize on your money

There’s greater than $670 million in misplaced shares, financial institution accounts and life insurance coverage and a few of it may very well be yours. However you’ll have to get in fast to stake your declare. New legal guidelines enable for any financial institution or funding account not used for 3 years to be robotically closed and the cash transferred…

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Less complicated financial institution transfers across the nook

Australia is about to get a brand new funds system that can make it simpler for shoppers to switch cash between accounts. The banking trade is in “the ultimate stretch” of growing the New Funds Platform, Reserve Financial institution of Australia governor Philip Lowe informed the Home of Representatives Standing Committee on Economics. Mr Lowe stated this new funds infrastructure…

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Job alternatives rising throughout Australia

The most recent knowledge from SEEK reveals that there have been 12.6 per cent extra new job adverts on their web site within the final monetary 12 months (July 2016 – July 2017). This mirrors knowledge launched in July by the Australian Bureau of Statistics (ABS), that confirmed unemployment charges had fallen (for the third consecutive month) to five.5 per…

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Low financial savings, excessive debt impacting lives

4 in 10 Australians really feel they’re not dwelling their most well-liked way of life – typically due to cash issues. A Monetary Planning Affiliation of Australia survey of two,635 adults discovered that solely 23 per cent of respondents imagine they’re ‘dwelling the dream’. One other 37 per cent stated they’re dwelling the dream to a sure diploma, whereas 40…

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SA to face Excessive Court docket if financial institution tax goes forward

The most important Australian banks will take the South Australian Authorities to the Excessive Court docket if it introduce their proposed financial institution tax, the Australian Bankers’ Affiliation (ABA) introduced yesterday. ABA Chief Govt Anna Bligh has criticised the tax, stating that the SA Authorities will face a Excessive Court docket problem because the state is one which “must create…

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