Finances

Woman worried about phone transaction.

ASIC sues HSBC after customers lose $23 million

HSBC Bank Australia is being sued by the corporate watchdog after customers lost $23 million in unauthorised transactions. The Australian Securities and Investments
Read more 16 December 2024
Elderly couple. | Newsreel

How much do you (really) need to save for retirement?

By Brendan Coates and Joey Moloney How much do you need to save for a comfortable retirement? It’s a big question, and you’ll often hear dire warnings you don’t
Read more 15 December 2024
Two small business owners. | Newsreel

Pre-Christmas hit to Queensland business profitability

Queensland business profits have dropped to their lowest levels since the pandemic. The latest Business Chamber Queensland Pulse survey data showed profitability
Read more 14 December 2024
Billy Bob Thornton in Bad Santa - Newsreel

Christmas warning on festive fraud frenzy

Consumers have been warned to be alert to scams over Christmas as a festive fraud frenzy grips the marketplace. The NGM Group, which operates the Greater Bank and
Read more 12 December 2024
Construction is lifting in Queensland but not fast enough - Newsreel

Target to address housing crisis ‘out of reach’

The State Government’s new dwellings target “remains out of reach” and regulatory reforms are necessary to address the issue, a peak construction group
Read more 11 December 2024
Inflation graphic. | Newsreel

Rates on hold. What the RBA Board said

Statement from the Reserve Bank Board At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 percent and the interest rate paid on
Read more 10 December 2024
Sun shining on solar panels. | Newsreel

Renewables drive down turnover for electricity suppliers

An abundance of renewable energy supply led to an almost 10 percent drop in turnover for electricity supply businesses in October. The latest Australian Bureau of
Read more 10 December 2024
Mobile phone payment. | Newsreel

500 million mobile wallet payments in one month

Australians made payments worth more than $20 billion through mobile wallets in October. Australian Banking Association CEO Anna Bligh said the latest Reserve Bank of
Read more 10 December 2024
Queensland will need thousands of extra workers for the large major projects pipeline - Newsreel

Construction pipeline requires 20,000 extra workers

Another lift in the construction pipeline for Queensland will create demand for more than 20,000 extra jobs over the next two years. The Queensland Major Projects
Read more 10 December 2024
Young man moving in to home. | Newsreel

Room rental restrictions lifted for home buyers

First home owners in Queensland will be able to rent out rooms immediately after purchase, under new legislation to be introduced into State Parliament this
Read more 9 December 2024