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Centrelink workers set to strike for 24 hours

Centrelink workers set to strike for 24 hours

Australian welfare recipients may notice a disruption to services after Services Australia staff announced they would soon be striking early next month. The workers are expected to walk off the job on Monday, October 9, over a pay dispute. The 24-hour strike may impact several government services including Centrelink and health insurance. For more Personal…

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Australians warn of dodgy loans as thousands of complaints made to government body

Australians warn of dodgy loans as thousands of complaints made to government body

Finance lenders are under increased scrutiny after claims of dodgy loans in Queensland. Matthew Timms, 24, was interviewed by 7NEWS after a frustrating ordeal with finance company, Pepper Money, which specialises in ‘consumer lending and residential mortgages’, according to their website. Timms purchased a four-wheel drive car for camping and off-road driving and was recommended…

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South Australian company Wake Concepts collapses

South Australian company Wake Concepts collapses

South Australian construction company Wake Concepts has appointed a liquidator and terminated about 100 staff members. Wake Concepts specialised in the construction of wall and ceiling linings, with its major project at the time of liquidation being Adelaide’s Festival Tower in the CBD. Insolvency firm Heard Phillips Lieberenz was appointed on September 19 with Anthony…

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ASIC prosecutes AustralianSuper over duplicate superannuation fund member accounts

ASIC prosecutes AustralianSuper over duplicate superannuation fund member accounts

The corporate watchdog has launched legal action against Australia’s biggest superannuation fund for failing to consolidate the accounts of 90,000 members, costing the people affected $69 million. The Australian Securities and Investments Commission claims AustralianSuper failed to identify members who had multiple accounts and merge them for almost 10 years. The fund then charged fees…

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Centrelink payments in Australia to increase for pensioners, people on Jobseeker and other payments from September 20 amid cost-of-living crisis

Centrelink payments in Australia to increase for pensioners, people on Jobseeker and other payments from September 20 amid cost-of-living crisis

Millions of Australian pensioners will have their benefits increase in the coming weeks, as the nation deals with a mounting cost-of-living crisis. From September 20, pensioners across the country will see some financial relief with a boost to their welfare payments. In their biggest boost ever, recipients of the Age Pension, Disability Support Pension and…

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Reserve Bank of Australia reveals September decision as Philip Lowe prepares to hand governor duties to deputy Michele Bullock

Reserve Bank of Australia reveals September decision as Philip Lowe prepares to hand governor duties to deputy Michele Bullock

Mortgage holders can breathe a sigh of relief with the Reserve Bank of Australia holding steady on interest rates for a third consecutive month. But the outgoing governor has warned that an uncertain financial outlook could force the central bank’s hand in the near future. The RBA board met on Tuesday and decided against hiking…

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Centrelink payments in Australia to increase with indexation from September 20 amid cost-of-living crisis

Centrelink payments in Australia to increase with indexation from September 20 amid cost-of-living crisis

Millions of Australians receiving government payments will have their benefits increase in the coming weeks, as the nation deals with a mounting cost-of-living crisis. The rise is part of the twice-yearly yearly indexation of welfare payments, designed to keep payments in line with the rising cost of living. From September 20, welfare recipients are in…

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Seek salary data Australia: Queensland leads nation in advertised salary growth while territories lag behind

Seek salary data Australia: Queensland leads nation in advertised salary growth while territories lag behind

Consumer confidence has recovered some lost ground but remains deeply in negative territory. The index collated by ANZ and Roy Morgan last week gained 2.3 points to hit 78.1, with the robust labour market and possibility of an extended pause on interest rates potentially feeding into the more upbeat reading. But the gauge remains well…

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