Posts tagged "credit"

Businesses, councils, and banking representatives will speak at public hearings held by the Senate Standing Committee on Rural and Regional Affairs and Transport.

Australian tax chief Chris Jordan's "unapologetic" focus on small businesses "treating ATO liabilities like a free loan" has sparked a strong response from the SME community.

Payment giants Visa and Mastercard have pledged not to offer merchants cut-price credit transaction rates if they lock into their debit transaction systems, a move small business advocates hope will level the playing field for local SMEs.

INKPAY, a buy now, pay later platform dedicated to tattoos has collapsed into administration, after claiming the cost of new regulations which treat BNPL like a traditional credit product will be too much to bear.

Small business lender Judo Bank says its new forays into automation and artificial intelligence will provide customers with insights they could not gain on their own, as the scale-up challenges "industrialised" SME loans offered by the Big Four.

It's time to "start working on regulating" the BNPL sector "within the credit space", Financial Services Minister Stephen Jones said.

A major change is coming for small businesses when the federal government’s new real-time payments initiative PayTo goes live from July 1, 2022.

A credit derivative known as a collateralised loan obligation could present a new danger to global markets and lead to another financial crisis.

The COVID-19 pandemic keeps sorting out winners from losers. And the humble debit card is now a huge winner.

Earlier this year, the government unveiled a $40 million unsecured loan program for SMEs, but after seven months, it's only hit 5% capacity.

Responsible lending laws will be eased in an effort to make it easier for small businesses and consumers to take out loans during COVID-19.

Small business loans increased sharply in June, amid the enhanced instant asset write-off, with plant and equipment spending up more than 150% on last year.