Allan Fels, University of Melbourne A “loyalty tax” occurs when discounts are offered to new customers while longer-term customers pay more. Often this involves increasing premiums at the first and subsequent renewals. As the NSW […] Simple fixes could help save Australian consumers from up to $3.6 billion in ‘loyalty taxes’ […]
The inaugural KPMG Global Banking Fraud Survey has found 61 percent of banks have reported an increase in external fraud in value and volume over the past three years. The Survey questioned banking fraud risk, Australia suffers from increases in bank fraud and financial scams […]
By Saurav Dutta, Curtin University and Lien Duong, Curtin University Credit used to be straightforward. A company that let you own something and pay for it over time was called a credit provider. It might What’s the difference between credit and debt? How Afterpay and other ‘BNPL’ providers skirt consumer laws […]
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell will look into historical cases where a small business is disputing an assessment by the Australian Taxation Office (ATO) and the ATO has commenced early Ombudsman to review historical cases of small business disputes with ATO […]
Investors could soon train their brains into making smarter financial decisions by harnessing willpower. Willpower can cut investment fails: Monash study […]
The AASB has released an Exposure Draft ED 286 Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit Entities. The proposed Standard would provide a temporary option for not-for-profit lessees to measure right-of-use assets at initial Exposure Draft: Not-for-profit lessees may elect not to fair value ‘peppercorn leases’ […]
James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act (SIPA) and of the law firm Hughes Hubbard & Reed LLP, today reported on the state of the LBI estate to the United States Bankruptcy Court for the Southern District of New York, the Honorable Shelley C. Chapman, presiding. The Trustee reported that the estate is in the final phase of completion. Lehman Brothers Inc. Trustee Reports on Final Phase in Winding Down Estate […]