FINANCE- Page 2

Australia’s access to cash is shrinking at an alarming rate, with new data revealing that the number of ATMs and physical bank branches has fallen dramatically in recent years, leaving many communities — particularly in rural areas — struggling to access basic…

The Australian Taxation Office (ATO) is reminding taxpayers that the deadline for filing 2024-2025 tax returns is Friday, October 31, 2025. Australians who miss the date could face penalties and fines, officials have warned. When is the deadline? If you’re lodging your…

The Reserve Bank of Australia (RBA), in its semi-annual Financial Stability Review, has warned that global financial risks are not easing — in fact, they are rising — as uncertainty continues to cloud the economic outlook. The RBA said the likelihood of…

The Albanese government has reported a major improvement in Australia’s finances, with the federal budget deficit slashed by $18 billion — a result of robust employment growth, higher wages, and careful spending control. Treasurer Jim Chalmers declared that Australia now has “one…

The National Australia Bank (NAB), one of the nation’s “big four” banks, has issued a stark warning that Australia’s tax system is exacerbating generational inequality and putting the country’s long-term competitiveness at risk. According to NAB, younger Australians are on track to…

Australia’s four major banks – ANZ, Commonwealth Bank (CBA), NAB, and Westpac – are continuing a worrying trend of large-scale redundancies, with thousands of positions cut over the past year. Banks aim to boost profits, reduce operating costs, manage workforce changes, and…

Australia’s banking sector is reeling after National Australia Bank (NAB) revealed it will slash 410 jobs in its technology and enterprise division, just one day after ANZ announced it would axe 3,500 roles. The NAB restructure will affect 728 employees in total,…

The Reserve Bank of Australia (RBA) lowered the official cash rate by 25 basis points to 3.60%, a move that had been widely anticipated by economists and financial markets.  The decision aims to provide relief to hundreds of thousands of Australian households…

Reserve Bank of Australia Governor Michele Bullock has reinforced the bank’s cautious stance on interest rate cuts, stating that further evidence of a weakening labour market is needed before any monetary easing. Speaking at the annual Anika Foundation dinner, Bullock said that…

In a surprising twist, Australia’s employment data for June 2025 has delivered a mixed bag of results, with the number of jobs rising by 2,000, but the unemployment rate unexpectedly jumping to 4.3%. This comes as a shock to the market, which…

The Reserve Bank of Australia (RBA) has proposed sweeping changes to the nation’s payments system that could eliminate debit and credit card surcharges and reduce costs for small businesses. If implemented, these changes would save both consumers and merchants an estimated $1.2…