In short: Student debts will be lowered for more than three million Australians under reforms designed to stop HECS loans growing faster than wages. Loan indexation will now match whichever is lower out of the Consumer Price Index or the Wage Price Index which the government says will prevent another shock increase like last year’s 7.1 per cent…
The Australian Financial Security Authority (AFSA) will sharpen its regulatory posture to maximise its impact as personal insolvencies head back towards pre-pandemic levels, chief executive Tim Beresford says. He said a modernisation program was underway that would make it simpler for most bankrupts typically consumers involving small amounts to go through administration so AFSA could…
Debt consolidation may make your debts easier to manage while saving you money. Getty Images/iStockphoto If you have high interest debt, you may be looking for options to eliminate it. As the cost of living continues to rise, balances with high interest rates can lead to financial hardship. One common debt relief option is debt…
By Cameron Charters Published: 00:28 AEST, 11 June 2024 | Updated: 00:32 AEST, 11 June 2024 Coronation Street star William Roache today avoided being declared bankrupt over half a million pounds wanted by the taxman. The actor, who is best known for playing Ken Barlow, invested … Read the full article at: https://www.dailymail.co.uk/news/article-13513929/Coronation-Streets-Bill-Roache-92-avoids-declared-bankrupt-500-000-wanted-taxman-HMRC-dismisses-case-High-Court-hearing.html
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt…
The suspended board of debt-riddenJaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order.Empower Your Corporate Journey…
Fintech giant One97 Communications Ltd, which owns the Paytm brand, has initiated undisclosed employee layoffs while simultaneously offering outplacement assistance for their smooth transition, according to a statement. During the March quarter, Paytm observed a reduction of approximately 3,500 sales employees, bringing the total count to 36,521 individuals, primarily due to the ramifications of the…
Retailers are increasingly considering redundancy and restructuring options, as economic headwinds and trading costs hit the bottom line. Ragtrader can reveal the workplace relations team at the National Retail Association has fielded more than double the number of retailer enquiries pertaining to redundancy and restructure from 1 January 2024 to May 2024, compared with the…