Savings Accounts News

Statements heard at competition inquiry

The initial stages of the Productivity Commission inquiry into competition in Australia’s financial system are now underway, with regulatory and industry bodies making statements to a roundtable hearing held in Melbourne yesterday.

Get your taxes right, or else: ATO

The Australian Taxation Office has warned it will use data analysis to catch out people who file incorrect claims for work-related expenses at tax time.

Unemployment falls after surge in full-time jobs

ATO sounds alarm about tax scams

The Australian Taxation Office has warned people to be careful about sharing their personal details, with scammers likely to be active during tax season.

Don't expect a big raise, employers tell staff

Workers who expect a sizeable salary increase in the next 12 months have been given a reality check by a new survey.

Debt on the rise, with Queenslanders hardest hit

When it comes to personal debt, Queenslanders are struggling the most.

The China boom may be coming to an end

China’s credit ratings have been downgraded, reflecting growing economic problems for Australia’s largest trading partner.

More Aussies working part time, for fewer hours

New labour market numbers from the Australian Bureau of Statistics (ABS) indicate that while there were fewer Australians out of work in April 2017, many of them were in part-time jobs.

Fantastic plastic, Aussies leaving cash behind

If fishing through your wallet for notes and coins drives you up the wall, you’re not alone. According to a new report, one in four Aussies would be happy to live in a cashless society.

SMSF market hits $539 billion

Australia's booming self-managed super fund (SMSF) sector shows no signs of slowing - it's the fastest growing sector of the Australian super industry, and in dollar value equates to three times that of New Zealand's gross domestic product.

Federal Budget hits hip pockets

The Government's first Federal Budget announcement last night confirmed what many feared - most Australians will be hit in the hip pocket.

Government grab for your cash

New laws allow for any bank or investment account not used for three years to be automatically closed and the money transferred to the Federal Government.