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Bankwest to shut branches in Perth and outback WA as demand for cash services drops in move to go digital

Bankwest to shut branches in Perth and outback WA as demand for cash services drops in move to go digital

Major Australian bank Bankwest has announced it will be closing more branches in response to changing customer needs as use of digital banking services grows. The bank, which serves over a million customers across Australia, will be closing two branches — in Maddington in Perth’s southeast and Kununurra near the WA-NT border. The bank previously…

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Reserve Bank of Australia report reveals the surprising way many Aussies are using their banknotes

Reserve Bank of Australia report reveals the surprising way many Aussies are using their banknotes

While day-to-day banknote use is declining, a new report has revealed the most popular (and surprising) way Australians still use their cold, hard cash. The Reserve Bank of Australia’s (RBA) Understanding the Post-pandemic Demand for Australia’s Banknotes revealed the value of banknotes in Australia grew by 22 per cent, or $19 billion, during the pandemic….

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Stage three tax cuts explained: How much low-to-middle-income earners will receive under Anthony Albanese’s reform

Stage three tax cuts explained: How much low-to-middle-income earners will receive under Anthony Albanese’s reform

Anthony Albanese has unveiled a major redesign of stage three tax cuts in a move aimed at helping low- and middle-income earners battling through Australia’s cost-of-living crisis. The stage three cuts — which were introduced and legislated while the former Coalition government was in power and before the current economic environment marred by crippling inflation…

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NAB data shows how Australians under 30 are saving more than $450 each month by cutting back on expenses 

NAB data shows how Australians under 30 are saving more than $450 each month by cutting back on expenses 

Young Australians are using new budgeting tools to save hundreds every month, a new study has revealed. New consumer sentiment data from NAB Economics shows Australians under 30 are saving more than $450 each month by cutting back on a handful of expenses. The research suggests new budgeting trends such as “loud budgeting” are helping…

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Australian manufacturing group Hiro Brands enters voluntary administration leaving staff without work

Australian manufacturing group Hiro Brands enters voluntary administration leaving staff without work

Australian brand manufacturer Hiro Brands has entered voluntary administration, leaving 120 staff without work. The brand, responsible for a range of well-known Australian products including cleaning, personal care and cosmetics products, entered administration on January 2. Hiro Brands manufactures, distributes and markets popular brands including Organic Choice, Orange Power, Aware Sensitive, Trix, ulta3, MUD, Billie…

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The Bavarian at Tea Tree Plaza closes suddenly

The Bavarian at Tea Tree Plaza closes suddenly

A popular restaurant chain has shut suddenly in South Australia, with a note farewelling customers left on the door. The Bavarian restaurant at Tea Tree Plaza Westfield, in Adelaide’s northeastern suburbs, shut on New Year’s Day, devastating many fans of the chain. A sign on the front door wished customers goodbye and thanked them for…

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Anthony Albanese flags cost of living relief for struggling Aussies ‘taking pressure off inflation’

Anthony Albanese flags cost of living relief for struggling Aussies ‘taking pressure off inflation’

Prime Minister Anthony Albanese has flagged new cost of living measures for struggling families in this year’s budget. Albanese said he remains “very positive” as we enter 2024. WATCH THE VIDEO ABOVE: Anthony Albanese addresses cost of living for 2024. “Our priority will be to provide cost of living relief while taking pressure off inflation,”…

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Centrelink payments including Youth Allowance, disability pension and Austudy increase with indexation from start of new year

Centrelink payments including Youth Allowance, disability pension and Austudy increase with indexation from start of new year

Almost one million Australians will see an increase to their welfare support payments with the start of a new calendar year. More than 936,000 people receiving youth, student or carer support will see a 6 per cent boost to their payments with indexation taking effect from January 1. The payments’ routine indexation happens annually in…

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