The countrys chief money regulator has revealed that nearly one in two Australians with debt are struggling with their repayments. And this is the news the Reserve Bank shouldnt ignore when it meets on interest rates on June 18. The Daily Telegraph has run a valuable story today counselling those under debt pressure that help…
Those with HECS-HELP debt, and other higher education training loans, will have a 4.7 per cent indexation applied on June 1 but a credit will be applied back to loans once legislation passes later this year. It means someone with the average Australian student debt of $26,494 will owe an extra $1245 or more on…
Key Points More than three million Australians have been hit with an increase to their student loan debt due to indexation. The education minister has told students the increase will drop due to forthcoming legislation. But there have been calls for the government to change indexation so it’s not applied on amounts already repaid. More…
Alibaba Group Holding is selling its entire stake in e-commerce branding solutions provider Baozun, as the Chinese technology giant continues its corporate restructuring amid increased industry competition. Hangzhou-based Alibaba, owner of the South China Morning Post, on Thursday signed a deal to sell 26.5 million Baozun shares to Champion Kerry for US$21.8 million, according to…
Insolvency figures for April have shown a marked increase, says South and Thames Valley region of R3, the trade body for restructuring and insolvency professionals. New statistics for England and Wales show corporate insolvencies were up almost 20% compared with both March 2024, and with April last year. Data from The Insolvency Service also showed…
The National Company Law Tribunal (NCLT), New Delhi bench of Justice Ashok Kumar Bhardwaj and Subrata Kumar Dash has replaced Raj Kamal Saraogi as the Resolution Professional (RP) in the insolvency proceedings involving Subhash Chandra, the Chairman Emeritus of Zee Entertainment Enterprises Limited (ZEEL) Chandra, serving as the personal guarantor for certain unresolved debts, raised…