Struggling business owners have been thrown a lifeline via the biggest shake-up to insolvency laws in 30 years. The new system will allow businesses with debts of less than $1 million to trade their way out of insolvency and remain in control of their firm while a restructuring plan is drawn up with the assistance […]

Westpac will pay a $1.3 billion fine, the largest in Australia’s corporate history, to settle a case brought by the financial crimes regulator. The bank had admitted to breaching the Anti-Money Laundering and Counter-Terrorism Financing Act more than 23 million times. AUSTRAC said the breaches included suspicious transactions associated with possible child exploitation, and a […]

NBN Co CEO Stephen Rue insists the network has been meeting the needs of Australians despite the announcement of a $4.5 billion dollar upgrade.  Most of the money will be used to connect fibre to more than six million homes. It will be installed for free, but only if households pay for ultrafast internet Stephen […]

For most Australians, about 10% of every single paycheck ever earned goes into superannuation, making retirement nest eggs our second-largest asset, behind the family home. The annual Fat Cat Funds report from Stockspot highlights that the worst-performing funds typically have the highest fees, while the best performing funds charge the lowest fees. Speaking with Brooke […]

Are Australians spending their way out of recession? Sales at Harvey Norman for July 1 through to September 17 were up 30.6 per cent year on year, while pre-tax profits for July to August surged a whopping 185 per cent. “I’ve been in retail for 60 years now and I’ve never, ever seen anything like […]

In a bid to attract younger customers, two of the Big Four banks have introduced credit cards with 0% interest rates. However, there’s no such thing as a free lunch, just like there’s no such thing as free credit from a Big Four bank, and instead of accruing interest, the 0% credit cards attract high […]