Millions of Australians are set to have $3 billion worth of HECS-HELP debt wiped under a plan to revamp student loan indexation. The move was confirmed as Treasurer Jim Chalmers outlined the 2024 Federal Budget on Tuesday night. Instead of interest, student debts rise each year in line with the consumer price index (CPI). But…
DetailsThe family has raised questions after a father of three went overboard from a cruise ship after losing $9,000 over two nights on the P&O Pacific Adventure. Shane Dixon, 50, first lost $5,000, then borrowed money off his mother and lost another $4,000. Dixons family maintained he was lured by high-roller incentives into losing the…
DetailsTreasurer Jim Chalmers will hand down his third budget on Tuesday night, but has been tempering expectations for weeks in the lead-up, warning Australians not to expect a “cash splash”. Inflation remains a key challenge for the government, and we already have a pretty good idea of how Mr Chalmers plans to use his budget to…
DetailsAs Ippei Mizuhara, the former interpreter of Los Angeles Dodgers superstar Shohei Ohtani, is dealing with the legal matters of his gambling scandal, many still question how much the two-way baseball player knew about it before everything blew up in the public eye. Before the 2024 regular season began, Ohtani held a press conference, during…
DetailsFinancial Services Commission Secretary General Kwon Dae-young announces the policy direction for the orderly soft landing of real estate private funds at the Government Complex Seoul in the Jongno district of Seoul on May 13. To facilitate the orderly soft landing of the 230 trillion won real estate project financing (PF) market, financial authorities are…
DetailsThe Queensland government made $1.9 billion in gambling taxes last year, but only spent 0.6 per cent on harm minimisation programs. A damning Queensland Audit Office report has taken aim at the state government’s “inadequate” harm reduction strategies. The report, tabled in state parliament, has revealed Queensland gamblers spent $56.4 billion in the 2022-23 financial…
DetailsWith businesses collapsing at levels not seen since 2012, Grant Thornton Australias John McInerney suggested that the small business restructuring scheme could be a more favourable option than a payment plan. He made the comments ahead of his session at the ACE24 Accounting Conference and Expo 2024, where he will unpack how accountants can help…
DetailsThe Federal Government will cut the student debt of more than three million Australians in this months budget, including 17,424 in the electoral division of McEwen. In a bid to ease the cost-of-living pressures off young people and fight against inflation, the Federal Government will wipe around $3 million in student debt, reverting the effects…
DetailsHigh Court reporters Two separate and unrelated insolvency arrangements allowing two debtors to write-off over 12 million owed to financial funds have been approved by the High Court. The court approved a Debt Settlement Arrangement (DSA) to company director, 63-year-old Mark Quinn, which will see 8.9 million of debt owed to financial fund Everyday Finance…
DetailsHigh Court reporters Two separate and unrelated insolvency arrangements allowing two debtors to write-off over 12 million owed to financial funds have been approved by the High Court. The court approved a Debt Settlement Arrangement (DSA) to company director, 63-year-old Mark Quinn, which will see 8.9 million of debt owed to financial fund Everyday Finance…
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