The four major banks, who will be required to report the credit history of 50% of customers by the end of September, will not include customers who have reached agreement on hardship arrangements with their bank. This will continue for the first 12 months of the regime while the Attorney-General is conducting a review into this issue. New Credit Regime to Protect Banking Customers […]
The accounting industry is frequently held up as one of the industries most likely to be negatively impacted by AI and automation. For example, a recent McKinsey study suggested that as many as 800 million jobs could be lost worldwide to automation by 2030, with accounting poised to take one of the biggest hits. In the Age of AI, Accountants Continue to Fuel Small Business Success […]
This Tax Time the Australian Taxation Office (ATO) is helping taxpayers to get their tax returns right through pop-up shops and the Tax Help program. Announcing this year’s pop-up locations, Assistant Commissioner Kath Anderson said both ATO Pops Up in The Community This Tax Time […]
The Australian Taxation Office (ATO) has announced that it will be closely examining claims for work-related car expenses this tax time as part of a broader focus on work related expenses. Assistant Commissioner Kath Anderson ATO To Scrutinise Car Claims This Tax Time […]
Across the four major banks, the expense-to-income ratio for the last six months was up 227 basis points half-on-half, and 233 basis points against the first half of 2017, to 45.32 per cent, entirely driven by remediation and restructuring costs.
The Banking Royal Commission has exposed a culture of dishonesty that demands reform, writes Professor David Kinley from Sydney Law School. Will changing corporate culture change the morals of the finance industry or threaten its Does Banking Attract Cheats or Make Them? […]
Australians spend around A$48 billion per month on credit, charge and debit cards. But the different fees, surcharges and “reward points” on these cards can be confusing. As my recent work with Rod Maddock shows, there is a simple solution – getting banks to charge consumers directly, as they already do on ATMs.