First of the big four: CommBank passes on rate cuts to businesses and homeowners
The first of the big four banks has revealed it will pass on rate cuts and reduce interest on business loans and fixed term mortgages, following the Reserve Bank’s decision to slash the cash rate to a new record low.
Why Westpac has been fined $1.3 billion, and how banks are facilitating international crime
Westpac is to pay $1.3 billion, by far Australia’s biggest-ever corporate fine, for breaches of the anti-money laundering act.
Prospa attributes $19.5 million earnings loss to “unprecedented challenges” as big banks lean into online lending
Prospa attributes $19.5 million earnings loss on "unprecedented challenges" as big banks lean into online lending.
Commonwealth Bank fixes service outage preventing businesses from processing EFTPOS transactions
Commonwealth Bank EFTPOS machines are having issues, leaving some business owners unable to process payments on Monday July 7.
Where has Australia relied most on JobKeeper? Treasury reveals application numbers by postcode
A postcode by postcode analysis of JobKeeper applications reveals the areas most reliant on wage subsidies as Morrison draws a line under the package.
What happened to those 150,000 firms in JobKeeper limbo? The ATO can’t say
After revealing 150,000 businesses failed to make JobKeeper declarations for last month, the ATO says it is not able to say how many received payments before the cut-off.
Who you gonna call? Confusion abounds for employers and workers in JobKeeper disputes
Who’s responsible for picking up the pieces when an eligible worker gets left out of the JobKeeper program? The Australian Taxation Office, Fair Work Ombudsman and Fair Work Commission all have a role to play.
As JobKeeper ends early for childcare centres, business owners raise concerns about ‘transition’ plan
JobKeeper payments for childcare centres will end in less than a month, in the first major change to the federal government's wage subsidy scheme.
JobKeeper verdict in July as Australia prepares for first recession in 29 years
Treasurer Josh Frydenberg has called time on Australia's 29-year growth run, revealing JobKeeper changes will be finalised in July.
Dymocks stoush with casual workers raises JobKeeper eligibility questions
A stoush between a Dymocks franchisee and the Young Workers Centre has exposed some jagged edges in the design of the JobKeeper program for casual workers.
“Change in mindset”: RBA governor Philip Lowe wants Treasury to fire the fiscal cannon and consider extending JobKeeper
Scott Morrison should consider extending JobKeeper if the economy doesn't bounce back enough from the pandemic, says RBA governor Phillip Lowe.
JobKeeper declarations: Businesses have 14 days to declare for May or risk missing payments
The ATO is preparing its systems for a flood of firms looking to get in early on May JobKeeper declarations from next Monday.
