Overseas Investment Meetings To Help WA’s Budget Saving Measures

Briefings between State and Overseas investors are set to take place next week, with the Ben Wyatt, State Treasurer, visiting Europe and North America for meetings with potential and current investors. The State’s prospective borrowing program will be discussed, as part of the Government’s commitment to budget repair and long term economic prospects. Total borrowings…

Royal Commission exposes financial misconduct

A Royal Commission into financial institutions and the big four banks has revealed scandalous findings this week and are now under scrutiny. Federal Treasurer, Scott Morrison, said they charged people for services they didn’t provide, misleading the Australian Securities and Investments Commission. Penalties for corporate misconduct attract fines of more than $200 million and possible…

WA’s Increased GST Pool Not Enough For Budget Repair

WA is getting an increased share of GST, after the Commonwealth Grants Commission announced that WA will receive an extra 10 cents per dollar in the 2018-19 financial year. The growing national GST pool will give Treasurer Ben Wyatt $260 million more than expected. Mathias Cormann, Federal Financial Minister, said the Federal Government would help…

BUDGET 2017: Big Employers To Foot WA’s Budget Repair

WA’s ‘big end of town’ is set to cop a beating on payroll tax as the McGowan Government looks to big employers and corporations to repair the budget. From the 1st, July next year, WA’s large employers will have to pay an extra 6% on payroll tax if their total payroll goes over $100 million.…

Shorten announces $1.6 billion GST pledge

Federal Opposition Leader Bill Shorten announced his plan for a “Fair Share for WA Fund”, which would see $1.6 billion invested into Australia to make up for the GST shortfall. Currently Western Australia’s share of the GST is sitting at 34.4 cents per dollar of GST raised in the state, the proposed fund would give…

Daffodil Day To Raise Awareness On Cancer

DFES To Raise Funds For Cancer Council The Cancer Council WA is out in full force on Daffodil Day to raise awareness for West Australians affected by cancer. Today in Murray St Mall Cancer Council Volunteers and WA Firefighters gathered donations from city-goers. The public response to Daffodil Day was fantastic, with overwhelming generosity and support they…

Forgery bank statements can be purchased for $6 on Dark Web

Cyber criminals are now selling Commonwealth Bank & Wespac forged documents on the dark web between $6 and $24, with payments being made with untraceable “bitcoin”. Promising world wide delivery within 24 hours, the documents are a means of accessing the nation’s financial services and banking systems, inclusive of the lucrative $2 trillion of superannuation…

Lacking Worker’s Compensation for WA Police

A technicality has been at the forefront for a lack of worker’s compensation for Western Australian Police officers. The WA Police are not employed by the Government, although they pay their wages, their employer is the actually the Queen. This legal loophole has seen the Government avoiding paying worker’s compensation for years. Wayne Matthews, Vice…

Program to Help Women Achieve Financial Independence

The State Government has granted $10,000 to the Inspire Change project, which aims to help women gain financial independence. The grant will help the project deliver a series of workshops aimed at mothers with young or primary-school aged children. Topics covered will help build resilience and economic independence, and include financial literacy, budgeting, loans and…

WA Still has the Weakest Performing Economy in the Country

Western Australia still has the worst performing economy in the country, according to a recent report from CommSec. The quarterly report analyses eight key economic factors for each state: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. CommSec Economist Craig James said WA’s performance reflects the…