Some Australians have used the governments early access to super scheme in desperate bid to buy a home. Despite being ineligible for it, they have simply declared themselves to be infinancial hardship in order to withdraw up to $20,000 of their superannuation or $40,000 for couples to use as a home deposit. This government let…
National cabinet will meet on Friday, with the Melbourne outbreak to dominate deliberations. Mr Morrison revealed he would take a proposal to the meeting to slow down the number of Australians returning home from overseas in a bid to take pressure off the hotel quarantine system after some states warned they were being overwhelmed. Following…
The Wirecard logo is seen at the payment company’s headquarters in Aschheim near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Despite its spectacular descent into insolvency last month, Wirecard‘s share price has not yet hit zero. Last week, Munich prosecutors raided the offices of the German payments giant,…
Nezavisimaya Gazeta: London slaps sanctions on top Russian officials The United Kingdom has slapped sanctions on 25 Russian citizens allegedly involved in the Sergei Magnitsky case and on 20 Saudi individuals suspected of being involved in the murder of Saudi reporter Jamal Khashoggi, UK Foreign Secretary Dominic Raab announced to the Financial Times earlier. Experts…
The COVID-19 pandemic has caused more economic harm to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to check the spread of the virus, the Indonesian government has implemented a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or PSBB), requiring most businesses to cease or at least pare down…
Gifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.coms Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards … read…
Willie Breedt, the alleged bitcoin and cryptocurrency scammer, has been declared bankrupt, according to a report by News 24. Earlier it was reported that around 2 000 investors in Breedts defunct company, VaultAge Solutions (VS), stand to lose around R227 million after promises by Breedt to pay out their investments and growth were not honoured.…
Willie Breedt is accused of going on the run after allegedly failing to repay the money investors had paid him. Around 2 000 investors put an estimated R227 million into Breedts VaultAge Solutions to invest in bitcoin and other cryptocurrencies. The South African Reserve Bank, through KPMG, is probing the sale of cryptocurrency by VaultAge…
When I was younger, I was taught that prevention was better than cure. This is something we as a country did not adhere to following the last recession regarding mortgage arrears. It is essential that the lessons learned from that crash are applied to what is coming here next. The pre-Covid-19 mortgage arrears landscape was…
Company directors could be personally liable when coronavirus relief measures end. As we know, the federal government has implemented a package of changesto Australian insolvency and bankruptcy laws to provide relief from the economic impacts of COVID-19. The package included a temporary insolvent trading safe harbour, which provides company directors with temporary relief from the…