Perth Casino Royal Commission told private jets and luxury yachts used to lure high rollers to Crown led to big losses – ABC News

International high-roller gamblers left Crown Perth fighting to recover debts as high as $29 million, the Perth Casino Royal Commission has been told. Key points: Luring high rollers to Crown often resulted in big debts, it was heard One gambler racked up $29 million in debt Recouping the money was hard because most lived overseas…

ATO chases debts as lockdowns continue. Is it making a bad situation worse? – SmartCompany.com.au

Small business closes doors during COVID-19. Source: Unsplash/Anastasiia Chepinska. Australias latest lockdowns pose a challenge for the Australian Tax Office: start collecting the business debts outstanding from 2020 and risk putting companies under further pressure, or allow those debts to continue to grow. The news this week that businesses with over $100,000 in tax debts…

Corporate blueprint predicts death of higher education in Australia – WSWS

A report issued this week by the global corporate consultancy firm EY, formerly known as Ernst & Young, provides a naked picture of the financial aristocracys exploitation of the COVID-19 pandemic to accelerate the pro-business restructuring of tertiary education. Part of Macquarie University in Sydney [Credit: mq.edu.au] The report, entitled The Peak of Higher Education,…

Sydney restaurant Golden Century goes into voluntary administration – NEWS.com.au

One of Sydneys most iconic restaurants and late-night hangouts in Chinatown has become the latest victim to the states strict Covid-19 lockdown restrictions. Golden Century Seafood Restaurant on Sussex Street in the Chinatown district has gone into administration after serving Sydneysiders for 31 years. Frequented by politicians and anyone looking for a delicious and authentic…

US Eliminates Student Loan Debt For Some Borrowers With Disabilities – NPR

Enlarge this image U.S. Education Secretary Miguel Cardona speaks at a March briefing at the White House. Drew Angerer/Getty Images hide caption toggle caption Drew Angerer/Getty Images The U.S. Education Department announced Thursday that it is discharging the outstanding student loans of more than 323,000 borrowers who have significant, permanent disabilities, and will remove barriers…