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Westpac customers will have more bank branches available for cash transactions as part of a new plan to support customer accessibility. The company said customers can visit any Westpac, St George, BankSA or Bank of Melbourne branch across Australia for their cash transactions, with new technology now connecting the branch network. “This completes a major…
There are increasing calls for NSW Fair Trading to act against a Sydney builder that has a number of unfinished home builds, some whose owners have been told their houses’ conditions are so bad they need to be demolished and built again. Kathy Mattiello is one JND Homes client who has been waiting two years…
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…
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…
A subtle change is set to take effect on Australian banknotes, as Michele Bullock takes over as governor of the Reserve Bank of Australia (RBA). Bullock, the ninth RBA governor and first female to take on the job, stepped into the role officially on September 18. The role was previously held by Philip Lowe, who…
Karen Scarlett had been eagerly waiting to move into her dream home that’s been under construction with Adelaide-based builder, Qattro, for three years. Now she faces the idea of giving it up all together to buy another home, which could cost her $150,000 more than the first house, or continue renting. “When you’re on a…
Adelaide builder Qattro has been placed into voluntary administration, with the company’s boss blaming the COVID-19 pandemic for its demise. Qattro’s managing director Bradley Jansen said he had “exhausted all options” to try to help the company recover post-pandemic, only for supply chain issues and labour shortages to hamper his efforts. “I have made significant…
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…
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…
Royal Adelaide Show attendees have been warned to remain on the lookout for counterfeit cash as South Australia police investigate a number of fake bank notes circulating at the event. Three counterfeit $50 notes were passed at three separate stalls at the Royal Adelaide Show between Thursday, September 7, and Friday, September 8, police said….
A mother who had $10 million wrongly deposited into her account after a mistake by a cryptocurrency website had initially aspired to bring her children to Australia through sheer hard work, a court has heard. Thevamangari Manivel moved to Australia in 2015 with the goal of providing for her family and bringing her three children…
A stronger helping hand from government to keep prices stable and the economy humming has been offered up as a parting suggestion by outgoing Reserve Bank governor Philip Lowe. In his final speech as governor, Lowe said more flexibility to pull spending and taxing levers to manage the economy and keep inflation stable could “help…
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…
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…
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…