How to get a fast, unsecured personal loan

If you need money fast, you are looking for an instant approval or fast approval unsecured personal loan. Unexpected bills, car repairs, holidays, renovations, furniture, [...]

POSTED ON January 10, 2020
How to overdraw your bank account

You just need a few more dollars. There just isn’t quite enough in our account. Or there is none at all! Some banks will let [...]

POSTED ON November 25, 2019
What is a joint bank account?

A joint banking account is a transaction or savings account that two or more people hold together; both (or all) account holders can access the [...]

POSTED ON November 21, 2019
Getting super returns from your cash

How to turn $100 into $1600 now. Sandra* is a self-funded retiree, with just a small part-pension from Centrelink. Sandra keeps an eye on her [...]

POSTED ON November 14, 2019
How to check your business credit score

Did you know your small business has its own credit score, separate to you, the business’s owner? Most Australian small business owners do not know [...]

POSTED ON November 12, 2019
Your guide to getting a great personal loan

Whether it’s for home improvements, debt consolidation, a second-hand car or the holiday of a lifetime, many Australians turn to a personal loan to help [...]

POSTED ON October 22, 2019
Brochure shines light on dodgy investments

The Australian Tax Office has issued a new brochure to help consumers to tell the difference between a good investment scheme and a bad one, [...]

POSTED ON July 11, 2007
Free credit not so cheap

ASIC has warned consumers that in-store credit offers are not designed to help you to save, but encourage more spending. Delia Rickard, ASIC's deputy executive [...]

POSTED ON July 11, 2007
Great rates on offer

Negotiating for the best possible rate is of common practice in today's society, deals can extend from discounts on home loans to special rates offered [...]

POSTED ON July 11, 2007
Below market buybacks not on

ASIC has moved to stop a company that is making unsolicited share offers at below market price. Between 26 April and 19 May this year [...]

POSTED ON July 10, 2007
Federal audit to release land

In a bid to ease housing prices, the federal government will conduct a review of all its land holdings (which are mainly defence properties) to [...]

POSTED ON July 9, 2007
Cards behind high bankruptcy

In the last financial year 25,242 people were bankrupted despite good economic conditions and low unemployment. The figure is 13.2 per cent higher than the [...]

POSTED ON July 9, 2007
More land for Melbourne fringe

The Victorian government's new Growth Areas Authority is aiming to avoid a land shortage in the south-eastern corridor of Melbourne through an accelerated zoning process. [...]

POSTED ON July 9, 2007
IMF lessens strain off ASIC

Litigation funding group, IMF, has been appointed as a private sector proxy for the corporate regulator, as a recent string of high-profile failures for the [...]

POSTED ON July 9, 2007
A fairer new job regime

The current labour market appears favourable in all aspects, the wage price index at 4 per cent suggests it is under control, inflation is considerably [...]

POSTED ON July 9, 2007
CBA cards outsourced

The Commonwealth Bank of Australia has decided to move processing for its 2.5 million credit cards to an external processing bureau to be run by [...]

POSTED ON July 6, 2007
Rate rise almost a question of when

The Reserve Bank this week left interest rates on hold for July as expected, but August is another matter and data on jobs and inflation [...]

POSTED ON July 6, 2007
Visa smart about cards

Visa International has backed down from its plan to penalise merchants an extra surcharge of 10 basis points if they do not upgrade their systems [...]

POSTED ON July 5, 2007
Warm weather cuts spending

Retail trade fell in slightly May by 0.1%, enough to take pressure off the Reserve Bank of Australia to increase interest rates. Analysts believe that [...]

POSTED ON July 4, 2007
Kaye investors stick together

A class action by hundreds of property investors against the finance company that lent them money to join Henry Kaye's property investment seminars has been [...]

POSTED ON July 4, 2007
Bridgecorp crash leaves $450m at risk

Bridgecorp, a high-risk property development group, is the next group to run into turmoil, following the recent succession of collapsed property groups, Fincorp, Westpoint and [...]

POSTED ON July 3, 2007
Costello private equity concern

Federal Treasurer Peter Costello has expressed concern that private equity funds may be using high levels of debt to minimise tax and warns their activities [...]

POSTED ON July 2, 2007
DIY funds under scrutiny

The Australian Tax Office (ATO) is set to conduct 6,000 audits on Self Managed Super Funds (SMSF) for this Financial Year, as a recent report [...]

POSTED ON June 29, 2007
Rates steady but RBA watches closely

Interest rates are all but certain to be left steady for another month when the Reserve Bank board meets on Tuesday to deliberate on rates [...]

POSTED ON June 29, 2007
MasterCard threaten over regulation

The Reserve Bank of Australia (RBA) has described itself as a "reluctant regulator" of Australia's card payments system. Last month the RBA started a review [...]

POSTED ON June 28, 2007
Tax office looking at super contributions

The Australian Tax Office (ATO) expects more than 6000 investors will attempt to avoid capital gains tax by not reporting the proceeds of a property [...]

POSTED ON June 28, 2007
Unfair tax rolled back

Close to 3 million shareholders will avoid being taxed on paper profits following a government decision to reverse a controversial tax ruling on renounceable rights [...]

POSTED ON June 27, 2007
GST threshold increases

The GST registration threshold for small businesses will be lifted from $50,000 to $75,000 from July 1 2007. The move will see a small business [...]

POSTED ON June 27, 2007
Union and St George disagree over morale

St George Bank is being pressured by the Finance Sector Union over offshoring of some positions and staff shortages. A staff survey conducted by the [...]

POSTED ON June 27, 2007
No TFN means higher tax on super

Super fund members only have until July 1 to ensure that their tax file number (TFN) has been recorded on their account to avoid penalties. [...]

POSTED ON June 26, 2007
China the new India

A report by Deloitte's has predicted that within 10 years India will become less competitive for outsourcing as highly educated and well-trained Chinese take over [...]

POSTED ON June 26, 2007
Australians top card use ranking

A survey of seven countries by Citibank has found that Australians rank lowest in terms of card ownership with an average of 2.1 cards per [...]

POSTED ON June 26, 2007
Strong economy may herald rate rise

The strong economic performance of recent months, and the potential for inflation and interest rate problems coming over the horizon, are underlined in the latest [...]

POSTED ON June 22, 2007
Reform still required to go the distance

Despite the recent super reforms introduced by the government which abolishes tax on super payouts for retirees over 60 from 1 July this year, many [...]

POSTED ON June 18, 2007
Fund has to start investing at the top

Investing of the $51 billion Future Fund is set to begin at the end of this financial year, irrespective of concerns the fund would be [...]

POSTED ON June 18, 2007
Future fund looks to engineer for direction

The Future Fund has appointed a 36 year old engineer, David Neal, to be the Chief Investment Officer overseeing $50 billion in investment decisions. Mr [...]

POSTED ON June 15, 2007
RAMS looks to float as bidders decline

RAMS Home Loans is believed to be looking towards a float to achieve its desired sale price with just one party likely to submit a [...]

POSTED ON June 15, 2007
Housing stocks worse than expected

A shortage of homes and apartments being built in Australia is worse than previous estimates, ensuring a tight rental market will continue. A Westpac report [...]

POSTED ON June 15, 2007
Rate rise on the horizon

A rise in home loan interest rates is not imminent but may not be too far off. That's the bottom line in a warning speech [...]

POSTED ON June 15, 2007
Fixed rates on the way up

The sell off in global bond markets will make it hard for local banks to continue to offer low fixed rates on home loans. The [...]

POSTED ON June 14, 2007
NAB offers more to mortgage brokers

National Australia Bank has revised its trailing commissions paid to mortgage brokers as part of an effort to boost local mortgage lending growth generated through [...]

POSTED ON June 14, 2007
ATO to chase small business tax debt

Small businesses tax debts have increased to close to $7 billion raising doubts over the aggressive debt collection tactics employed by the Australian Tax Office [...]

POSTED ON June 13, 2007
RBA cautious about speed of growth

With the Australian and global economies continuing to surge ahead economists are concerned that the continued absence of inflationary pressure despite continued growth can not [...]

POSTED ON June 12, 2007
Loan defaults on the increase

Australia's leading mortgage insurance companies are reporting higher home default levels following a massive increase in lender mortgage insurance claims. Accounts filed by the two [...]

POSTED ON June 8, 2007
Wine grape harvest down 25 per cent

Australia's wine grape harvest has fallen 25 per cent to the lowest level in a decade but the industry is set to eclipse export volumes. [...]

POSTED ON June 8, 2007
Former HIH director jailed for two years

Former HIH director and chief financial officer Dominic Fodera has been jailed for two years for authorising a prospectus from which there was a material [...]

POSTED ON June 8, 2007
European rates up with more to follow

The European Central Bank (ECB) has raised rates to their highest level in 6 years conceding that the fast paced euro-zone economy had increased the [...]

POSTED ON June 8, 2007
Rate rise possible late in 2007

The possibility of an interest rate rise this year has returned this week as the rebound in the Australian economy in 2007 takes most by [...]

POSTED ON June 8, 2007
New car sales continue to grow

New vehicle sales grew at 8.5 per cent for the March quarter to $5.6 billion. It appears high petrol prices and environmental concerns have not [...]

POSTED ON June 7, 2007
Telstra to embrace mobile payments

Telstra has revealed it plans to launch a mobile phone-based payment service offering users the ability to use their phones for small "touch and go [...]

POSTED ON June 7, 2007
Identity scam lands tax agent five years

A former tax agent has been jailed for 5 years after creating false identities and documents to claim over $600,000 in tax refunds. Simon Minh [...]

POSTED ON June 5, 2007
Minimum wage to go backwards

Real wages could be reduced for 1 million Australians as the Australian Fair Pay Commission (AFPC) will consider the reduced tax levels following the recent [...]

POSTED ON June 1, 2007
Interest rates stable as business expands

The Reserve Bank meets on Tuesday for its monthly consideration of interest rates, but there is nothing in recent economic data that would suggest any [...]

POSTED ON June 1, 2007
ASIC to take a fresh approach to Property Securities

The Australian Securities and Investment Commission is considering introducing an independent rating system for the debt securities to assist investors in better evaluating risks. The [...]

POSTED ON May 31, 2007
MasterCard threaten to take bat and ball home

MasterCard has warned it may stop issuing credit cards in Australia if the Reserve Bank moves to abolish interchange fees. MasterCard warned that the introduction [...]

POSTED ON May 31, 2007
Allco’s foothold in Baycrop not so solid

Allco may only have its foot on a seven per cent stake in credit reference bureau and debt collection company Baycorp Advantage rather than 17 [...]

POSTED ON July 29, 2005
Half a million seek super top-up

More than 500,000 low-income earners have taken advantage of the superannuation co-contribution scheme. Anyone earning less than $40,000 a year as an employee may claim [...]

POSTED ON July 28, 2005
Risk-based card pricing on NAB’s horizon

National Australia Bank may be edging its way toward different interest rates on otherwise equivalent credit card products, or what is known in other markets [...]

POSTED ON July 26, 2005
On the spot business loans a winner for NAB

In an interview with Dow Jones, National Australia Bank’s executive manager business products and services, Bruce Munro, said NAB’s business banking market share has increased [...]

POSTED ON July 26, 2005
Credit cards more of a cash machine

Cash advances on credit cards increased markedly in May over April, in a sign that some families are under increasing financial pressure. Cash advances drawn [...]

POSTED ON July 25, 2005
Westpac back on track in mortgage market

Westpac said the mortgage business "provided the greatest challenge" to the bank over recent months, with management moving to address the consequences of a relatively [...]

POSTED ON July 22, 2005
Credit card cash advances kick in May

Consumers turned to their credit cards for cash advances more than usual in May. Analysis by MWE Consulting of the monthly Reserve Bank of Australia [...]

POSTED ON July 22, 2005
Petrol the only threat to rates

The only real threat to interest rates at the moment appears to be rising fuel prices and the implications they have for inflation. On Wednesday, [...]

POSTED ON July 22, 2005
St George lifts online deposit rate

St George Bank increased the interest rate it will pay on its online, at-call accounts to 5.6 per cent rate. St George will pay the [...]

POSTED ON July 21, 2005
Westpac open to acquisitions

Westpac implied it may buy assets to bolster growth in the face of a slowing credit market. Investment bank UBS speculated Westpac was interested in [...]

POSTED ON July 21, 2005
Citibank takes a fresh interest in bank branches

Citibank has rediscovered an enthusiasm for investment in its lacklustre retail banking franchise in Australia. Citibank opened a branch in Pitt Street in Sydney this [...]

POSTED ON July 20, 2005
Internet banking fraud escalates at NAB

An internal National Australia Bank report described internet banking fraud in colourful language. Observations included that the banking industry in Australia is "under siege", that [...]

POSTED ON July 19, 2005
ACA disputes cost basis for CBA fee rise

The Australian Consumers Association said bank fees were an ongoing problem, and that the ACA was not convinced that the fees charged by banks for [...]

POSTED ON July 19, 2005
Auctions back in favour in Melbourne

Vendors are opting for auctions once again as a sales method in the city where they used to be dominant, Melbourne. The Real Estate Institute [...]

POSTED ON July 19, 2005
Cash lures reluctant buyers

Lenders, mortgage brokers and builders are scheming up unusual incentives to drive new business. One mortgage broker is promising customers a share of the winnings [...]

POSTED ON July 18, 2005
Deferred home loan fees confuse borrowers

Some non-bank lenders hide the true cost of loans by slugging borrowers with thousands of dollars in penalties for paying their mortgages out early. Lenders [...]

POSTED ON July 18, 2005
Complying pensions given six months grace

Self-managed superannuation funds may still pay "complying pensions", as long as the funds set these up by the end of 2005. Eligible super funds must [...]

POSTED ON July 18, 2005
High conviction funds earn best returns

Infant share funds that tend to prefer investment in a small number of stocks, and often in small capitalisation stocks, earned the highest returns of [...]

POSTED ON July 15, 2005
ANZ starts campaign for low cost planning

ANZ said it would lower the cost of financial planning, promising a "high quality, low cost model". ANZ said the offer would be cost effective [...]

POSTED ON July 15, 2005
Big banks make slow start in high yield

The major banks are reporting strong interest in high-yielding, internet-based savings products. Commonwealth Bank of Australia chief executive David Murray said yesterday that inflows into [...]

POSTED ON July 15, 2005
CBA promises to give 16,000 jobs back

Research commissioned by Commonwealth Bank found that improving the financial literacy of the 10 per cent of Australians that were least financially literate over 10 [...]

POSTED ON July 15, 2005
Wilson HTM negotiates sale to Deutsche

Deutsche Bank is believed to be in discussions to take an equity stake in independent firm Wilson HTM. Wilson HTM has 40 staff shareholders. The [...]

POSTED ON July 15, 2005
OFM buys into Mortgageport

Mortgageport Management sold a 50 per cent stake to OFM Investment Group. OFM is the former Over 50’s friendly society. Wizard Home Loans co-founder Glen [...]

POSTED ON July 14, 2005
Harvey Norman bucks the retail trend

Harvey Norman apparently defied hesitant consumer spending and reported a rise of 10 per cent in group sales in the June 2005 quarter. "A lot [...]

POSTED ON July 14, 2005
ANZ franchises displace mortgage brokers

ANZ Bank said that it 106 franchised mortgage businesses were generating five per cent of new loans. The bank said the proportion of new home [...]

POSTED ON July 13, 2005
The ABCs of easy credit

ABC Learning, star of the fading child care bubble, is getting into the business of being a credit provider. ABC’s loans, or deferred payment plan, [...]

POSTED ON July 12, 2005
GE and ANZ linked to Bluestone

GE and ANZ are rumoured as the latest front runners expected to take a cornerstone investment in Bluestone Mortgages. Citigroup and Westpac are rumoured to [...]

POSTED ON July 11, 2005
Mortgage Choice revenues balanced

Home loan broking franchise Mortgage Choice will earn revenues on a more balanced basis this year. For the first time, revenue from trailing commissions, on [...]

POSTED ON July 11, 2005
NAB clean-out on track

National Australia Bank said it retrenched 800 staff from a planned first round of 1000 job cuts in Australia. Most were middle management jobs. NAB [...]

POSTED ON July 8, 2005
Retail punters chase Tattersalls shares

Shares in Tattersalls debuted at $3.50 on the Australian Stock Exchange, a premium of 25 per cent on the issue price. The share price is [...]

POSTED ON July 8, 2005