The following is the transcript of a speech delivered by treasurer Scott Morrison to the BCA on April 13th. It has been slightly edited for length and clarity. Id like to take the opportunity to share some of the big-picture principles, if you like as I prepare my first Budget as Treasurer, at this critical…
After a couple of years when Australia’s personal insolvency numbers fell sharply, a growing number of people have entered into debt agreements over the past year. According to the latest Australian Financial Security Authority figures, the number of personal insolvencies rose two per cent in the March quarter, compared with the same quarter last year.…
After a couple of years when Australia’s personal insolvency numbers fell sharply, a growing number of people have entered into debt agreements over the past year. According to the latest Australian Financial Security Authority figures, the number of personal insolvencies rose two per cent in the March quarter, compared with the same quarter last year.…
Related Story: Greens senator adds DJ skills to his resume Western Australian music artists and crew members from the 2015 Disconnect Festival say they have not seen a cent of money owed to them. Musicians as well as those who worked behind the scenes have spoken out for the first time,…
Dont miss out. Stay Informed. Get EcoWatchs Top News of the Day. This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that once seemed invinciblethe New York…
Information for people who have signed up to upcoming Kilo To Go sportives after the company ceased trading Cheshire Cat sportive (Andy Jones) Thousands of sportive riders could be left out of pocket after organiser Kilo To Go ceased trading due to insolvency. The company organised a number of events across the country, including the…
Dont miss out. Stay Informed. Get EcoWatchs Top News of the Day. This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that once seemed invinciblethe New York…
This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that once seemed invincible – the New York Times called it “Wall Street’s retreat from King Coal.” For…
Personal insolvencies rose 2% in the March quarter, the fourth increase in a row, mainly due to bad debts in the mining states of Western Australia and Queensland. This is the first time there have been four consecutive quarterly rises since 2009, according to the Australian Financial Security Authority. Queensland and Western Australia, where debt…
Arrium’s lenders have been accused of looking after their own interests by forcing out the company’s chosen administrators, which could delay the troubled steelworks’ restructure. The steelmaker has debts of up to $4 billion and went into voluntary administration last week. Original administrator Grant Thornton was forced out after a Federal Court ruling yesterday…