Most graduates leaving university today do so with a massive debt hanging over their heads. They will take many years to repay their accrued HECS-HELP debt through the taxation system. There will be little relief for these graduates as the government has slammed the door shut on the tax deductibility of these repayments against the…
“We have publicly supported the idea of a multi-seller warehouse,” Mr Nicholl told The Australian Financial Review. He said it would benefit small lenders that lacked the scale to get their costs down. “This should help them and is a good development for the market.” The aim is for such structures to eventually stand on…
University degrees could take 20 years to pay off under the Governments proposed HECS-HELP plan, with humanities and communications degrees taking the biggest hit. Arts, humanities, communications and social science degrees could take twice as long to pay off as it does under the current system. The plan puts a cap on what students can…
China says it has struck agreements with half of the 20 low-income nations that have requested debt restructurings as part of their efforts to tackle the coronavirus pandemic. Work on this is progressing well, the Chinese foreign ministry said, adding that the World Bank and major developed nations still held most of the debt of…
2.4 million of new funding to help households with money problems. More people will be able to benefit from free debt advice following investment from the Scottish Government. More than 2.4 million will be distributed among a number of advice organisations to expand their services and invest in more effective methods to help individuals with…
With Australia now officially in recession, its more important than ever to safeguard your finances. You cant control what the economy is doing, but you can take precautionary measures to protect yourself in case you lose your source of income. Here are six ways to stay financially fit during an economic downturn. 1. Boost your…
Financial institutions should help the beleaguered tourism industry by alleviating operators’ debt service burden for three years and encouraging businesses to maximise capability for a future revival, says a former tourism and sports minister. “If we believe Thai tourism still has a future, such a policy is essential,” said senator Weerasak Kowsurat. “We hope that…
Small-business owners will need to take stock of deferred rents and bills ahead of the September cliff, warns one financier. With a number of six-month deferrals including rent, bank loans and payroll tax coming to an end in September, accountants have been urged to help their small-business clients understand what expenses will need to be…
From questionable hair choices to finding rotten food in your locker, high school memories stay with us. But what about the bits youve left behind, like economic lessons? According to a Household, Income and Labour Dynamics in Australia (HILDA) survey in 2019, fewer than half of Aussies could correctly answer five basic financial literacy questions.…
(Bloomberg) — Delta Air Lines Inc. is preparing to issue new debt backed by its frequent-flyer program, the latest to use miles to help boost liquidity amid the Covid-19 pandemic. The airline is set to market new loans and bonds secured by its SkyMiles loyalty program after the U.S. Labor Day holiday on Sept. 7,…