Bruce Chapman, economist & designer of HECS loan system, says the student debt relief will not do anything to inflation numbers, “nothing will happen because of this.”

Andrew Norton, ANU Professor in the Practice of Higher Education Policy questions if HECS debts should be pegged to the CPI or WPI, or if a different system need to be in place.

Hear more highlights from Money News with Deborah Knight below:

A FORMER Rugby World Cup winner and ex-England captain has been declared bankrupt – and his company has gone into liquidation.

Phil Vickery, who was part of the country’s triumphant Rugby World Cup winning team, has racked up “hundreds of thousands of pounds” in debt, a source claimed.

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Documents show the 48-year-old former tighthead prop owed his consultancy company nearly £100,000 before it went into liquidation in December last year.

Vickery then declared himself bankrupt…

MGM Resorts says its relationship with Bruno Mars is one of “mutual respect” and “Any speculation otherwise is completely false; he has no debt with MGM.”

Issued Monday, the statement answers a report Friday from media website NewsNation that the Park MGM headliner has rolled up gambling debts in the tens of millions. Citing an unidentified source, the publication alleged Mars had debts as high as $50 million from table games.

Responding to a request for comment, and MGM Resorts International rep emailed the statement:

“We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers. From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s…

Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home.

It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of Sydney.

Their block cost about $500,000, and they spent another $700,000 to enter a contract with what they thought was a reputable volume builder.

The couple moved into their new home in July 2023 and, just days in, Ms Luc says they started finding alleged defects, starting with a blockage in their toilet.

“Think about the economy … think about the builders at the moment.

“I mean, they [people] can see that so many…

Last Friday, the Deputy Commissioner of Taxation took a building related company called ACN 152 259 839 Pty Ltd to the Federal Court calling for the business to be wound up on the grounds of insolvency.

The company has indicated it plans to legally challenge the move.

The company was previously called Maxcon Developments Pty Ltd and based in Victoria.

The tax office claims that this business had unpaid taxes dating all the way back to 2014 and that it owes a grand total of $22.88 million.

Maxcon Developments is now a shut down arm of Maxcon Constructions Pty Ltd, a major builder headquartered in Melbourne which completes…

Tens of thousands of women fleeing family violence are unable to get legal assistance each year, forcing them to represent themselves in court, incur huge debts to pay legal fees, agree to unfair parenting and child support arrangements, or stay in the abusive relationships.

Women fleeing domestic violence say their ex-partners can use the family law system to continue the abuse, sometimes for more than a decade, with partners deliberately running up their legal fees, delaying legal procedures, harassing them with excessive numbers of legal letters and causing them to be subject to bruising cross-examination in court.

Family lawyers have told Guardian Australia the system is broken and drastically underfunded and that women who cannot…

We first covered Blue Protocol, the stylized online action RPG developed by Bandai Namco Online, nearly five years ago. Back then, there was no assurance the game would ever launch in Western countries.

That changed in December 2022, when Amazon Games took the stage at The Game Awards to announce a publishing deal with Bandai Namco Online to bring the game to PC, PlayStation 5, and Xbox Series S|X outside of Japan.

Blue Protocol eventually got its debut in the Land of the Rising Sun on June 14, 2023. The Western version was delayed to 2024, but we haven’t really heard any more about it. In fact, Amazon Games continued to mention its publishing deal with NCSoft for Throne and Liberty (now set to launch on September…

Wangaratta Chronicle

Billson’s enters voluntary administration

Jul 31 2024
Updated August 1, 2024

BILLSON’S…

MGM Grand is rolling with Bruno Mars.

It’s no secret that the Grammy winner likes to play poker, but when a report surfaced last week claiming he had racked up a colossal debt in Las Vegas, some wondered if there was any truth to the reports. In a turn of events, MGM Grand has shut down those allegations while standing by the “24K Magic” crooner’s side, per TMZ. According to the casino, such reports are not valid.

“We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers,” said the MGM Grand. “From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s brand of entertainment attracts visitors from around the globe. MGM and Bruno’s partnership is…

“I think what we’ve got to accept is that some universities may well go bust,” the Conservative MP and former home secretary Suella Braverman recently told the BBC’s Panorama. “They may well close. And I don’t think that’s necessarily a bad thing.”

Braverman will be a frontrunner for the Conservative leadership if, as seems highly likely, defeat in July’s general election brings the ejection of Rishi Sunak. On Panorama, she was answering a question about the possible impact on UK universities if international student numbers dropped significantly as part of a big reduction in net migration – long the Tory party’s fervent, unfulfilled desire.

It was an instructive if chilling response, underlining the fact that for…

Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and which are now difficult to repay. In addition, high inflation and energy costs, lower consumer confidence and volatile supply chains have all contributed to making the last few years very difficult for businesses.

An increase in company insolvencies throughout 2023

Insolvency specialists ^{estimate that more than 47,000 businesses are near collapse in the UK at the start of 2024 and,…}