Breaking

The ongoing payroll tax debacle between aggregators, brokers, and Revenue NSW recently had some added clarity with a Parliament inquiry. Here, industry heads pleaded their case.

Heads of industry have emphasised how the industry is “grappling with serious consequences” from the recent payroll tax legislation.

Recent statistics have painted a grim picture of our hospitality sector as business closures hit record highs. A variety of reasons have contributed to the trend.

The COVID-19 pandemic’s influence on the Australian housing market is still being felt, five years after the global health crisis began.

Australia’s labour market has remained tight and resilient despite a large drop in the number of employed people over February.

Cash and property holdings remain high for SMSFs despite falling savings rates, as private credit investment opportunities increase.

The rise and subsequent ease of accessibility to tech have propelled investor activity. Now, individuals are “participating in markets once dominated by institutions.”

The major bank has expanded its $500 million women entrepreneurs fund to $1 billion to help women overcome business finance challenges.

The recent regulatory green light granted to the merger of the two customer-owned banks has each entity preparing for the future. Brokers are playing a significant role in the process.

The RBA’s first rate cut in five years has sparked more borrower interest in purchasing and refinancing, brokers have observed.

The Albanese government has allocated additional funding for no interest loans (NILs) to assist with ongoing cost-of-living pressures.

The NSW government has announced another initiative to help reach housing supply targets. The move has been welcomed by industry bodies.

The major has revealed it is rolling out a new medium- to long-term investment product for delivering “improved social outcomes.”

Digital banking has gone from a ‘nice to have’ to being absolutely crucial with just about every customer using these services.

The non-bank lender has announced its latest tech investment to help streamline processes following strong growth.