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Mobile payments surge past cash withdrawals

The value of purchases made with mobile phones in Australia has passed the amount of cash withdrawn from ATMs. A new report from the Australian Banking Association (ABA)

ANZ-Suncorp deal to boost disaster resilience

Federal Government approval of the ANZ purchase of Suncorp’s banking operations will mean a boost to Queensland’s disaster resilience. State Treasurer Cameron Dick

Hot property lifts wealth by $1.5 trillion

Rising property prices continue to fuel growing household wealth in Australia. The latest Australian Bureau of Statistics (ABS) statistics, released today, show

New banking code enhances protections

A new Banking Code of Practice will see changes to the definition of a small business and expand financial difficulty provisions. The Australian Securities &

Inflation spikes to 4.0 percent

Australia’s inflation rate once again has a 4 in front of it. The latest Australian Bureau of Statistics (ABS) data shows the monthly Consumer Price Index (CPI) rose

Banks and retailers chip in $50m to support cash carrier

A decline in the use of cash in Australia has led to major banks and retailers stepping in to financially support the private cash transportation sector. An agreement to

Tax Office warns against over-speedy returns

The Australian Taxation Office has warned that people who lodge their tax returns early are twice as likely to make costly mistakes. ATO Assistant Commissioner Rob

‘Sexually transmitted tax debt’ warning

An Australian Tax Office push to recoup business debts could lead to domestic violence victims being unjustly pursued. Academics from UNSW Sydney Business School and the

Anti-scam plan keeps everyone in the loop

A new anti-scam intelligence loop has been established to facilitate better exchange of intel between government agencies, banks, telecommunications companies and

Consumer confidence at six-month low

Consumer confidence has fallen to its lowest level in six months. The latest ANZ-Roy Morgan Australian Consumer Confidence report showed confidence dropped by 3.5 points

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