GST rise draws mixed reviews
02 Nov 2015
A PROPOSED increase to the GST has received mixed reactions from Townsville community leaders, who want to see what tax relief would be delivered. The Federal Government has flagged an increase of 5 per cent to the 10 per cent GST introduced by the Howard Government in 2000. Malcolm Turnbull’s Government is considering the rise […]
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Retailers call on Reserve Bank to cut interest rates in lead up to Christmas to offset bank rate rises
28 Oct 2015
Retailers have warned that mortgage interest rate rises by the big banks will hurt spending at the shops in the run-up to Christmas. All the big four banks have raised rates on their home loans outside of any move by the Reserve Bank (RBA). The banks have blamed the rate rises on new banking regulations […]
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Family tax: What are the Government’s proposed changes?
22 Oct 2015
The Federal Government hopes its revised welfare legislation introduced into Parliament is more palatable than the tougher cuts proposed in the 2014 budget. What is being proposed? The Government says it needs to make the welfare system more sustainable, so it will reduce the amount of money it spends on Family Tax Benefit payments Part […]
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Bank customers tipped to fix their mortgages as interest rates fall
21 Oct 2015
Growing bets of a cut in official interest rates have dragged a key influence on fixed-rate loans lower in recent weeks, which alongside Westpac’s rate increase could prompt more customers to consider fixing their mortgage. Interest rates for fixed two and three-year home loans are near record lows, and some smaller lenders continue to cut […]
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