The Australian government is giving over five million Aussies a helping hand. Starting 20 September 2024, they will get more money in their government support payments. This includes increases for age pensions, disability support pensions, carer payments, and a 10% rise in Commonwealth Rent Assistance. This move is to help those who are struggling with … Read more
Yugo Canteen, a group of restaurants in Queensland, owes the Australian Taxation Office (ATO) $959,634.87. This is 96% of the total $997,236.14 owed to all creditors. The company wants to pay off this debt by giving the ATO $165,000 over 24 months. This is just 15.04 cents for every dollar owed. Scott Hoskins, Yugo Canteen’s … Read more
In 2022, Australians lost a staggering $3.1 billion to scams, with banking-related fraud accounting for approximately $425 million of these losses. According to the ACCC’s Scamwatch, there was a 188% increase in bank impersonation scams between 2021 and 2022, with major banks like HSBC increasingly under scrutiny for their role in protecting customers. The Australian … Read more
The Australian government has made a big change to Centrelink payments. This affects millions of Aussies. It’s part of a plan to help with the rising cost of living. Payments like the Age Pension, JobSeeker, and Family Tax Benefit will go up. This will start from November 2024. Major Highlights You can aslo read : … Read more
Did you know Aussies on Centrelink can get loans up to $5,000 with no interest or fees? These No Interest Loans (NILs) are a big help, giving financial support when it’s needed most. Good Shepherd Australia New Zealand and local groups offer NILs. They let you borrow up to $2,000 for everyday things and up … Read more
Thousands of ANZ customers in Australia have just received a big financial win. Some got as much as $630 from a class action lawsuit settlement. The total amount ANZ paid out was a whopping $57.5 million. $34.1 million of that went straight to cardholders who were unfairly charged interest on their “interest-free” cards. This was … Read more
Eligible low and fixed-income households in South Australia can get up to $1,100 in cost-of-living relief. This package aims to help over 215,000 households. That’s about a quarter of all households in the state. The South Australian government is giving out various concessions. These include payments for living costs, energy, water, and medical expenses. Human … Read more
The cost of living in Australia keeps going up. The Victorian government has come up with a plan to help families. Today, they announced a $280 million plan to give around 700,000 Victorian families $400 for each child. This School Saving Bonus is to make school costs easier. It covers things like textbooks, uniforms, camps, … Read more
Facebook has agreed to pay $50 million to Australian users affected by a privacy breach. This huge payout is the largest of its kind in Australia. Millions of Aussies whose personal data was compromised will get a financial boost. The settlement comes from a class-action lawsuit against Facebook. It claimed the company failed to protect … Read more
Three million Australians will see $3 billion reduced from their student debt. This news has sparked a lot of interest. People want to know how these changes will affect their money. The HECS indexation rate jumped to 7.1% last year due to inflation. But, it will drop to 4% in 2024. This means those with … Read more