Stay On Top Of Your Finances In The Wake Of Banking Royal Commission

Financial misconduct, transparency, and penalties for fees with no service have all come to light through the banking royal commission, with consumers now more aware of what banks can be capable of. Financial experts explained how this will affect young people, and what can be done to stay on top of your finances. Director of…

French-Italian diplomatic relations worsens

By Helene Fung Relations between long term European Union allies France and Italy hit a new low, as the French Foreign Ministry recalls its ambassador to Italy. This is in response to a series of insults from Italy, including the decision this week by Italian Deputy Prime Minister Luigi Di Maio to meet with members…

How The Royal Commission Into Banking Will Affect Young Australians

By Helene Fung Australia’s big banks are holding its breath before the release of the Royal Commission’s report into financial services.  The Commission’s final report will be made public today, after it has been delivered to the Government House in Canberra on Friday. The whole country has watched the heads of the “Big 4” banks…

State credit rating improvement after Government’s fiscal resolve

An announcement made today was welcomed by Treasurer, Ben Wyatt, as the McGowan Government achieves strong fiscal resolve towards their budget repair goal. “The improved outlook for the State’s credit rating is a strong endorsement of the McGowan Labor Government’s responsible approach to economic and financial management, which is delivering benefits for all Western Australians,”…

National Unemployment Falls to Six Year Low Five Percent

Australia’s unemployment rate has fallen to 5 per cent, the lowest level it has been since 2012. The 0.3 per cent drop marked a six-year low, with a fall in the number of people searching for work pushing the unemployment rate down. Overall numbers of people with a job increased by 5,600 people seasonally adjusted,…

Meth and $70k found in Police search

A 36 year old Halls Head man has been charged by the Gang Crime Squad after a warrant was executed at his home address on Wednesday. It will be alleged that they found around 380 grams of methylamphetamine, and nearly $70,000 in cash. A freezing notice for cash and other assets has been issued, along…

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.…