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FOR IMMEDIATE RELEASE In an innovative application of sustainable finance, La Trobe University has committed to reinvesting savings earned by achieving targets set in the University’s inaugural $195m Sustainability-Linked Loan (SLL) into its Indigenous Accommodation Scholarship Fund and other Indigenous welfare matters. La Trobe has become one of the first universities in Australia to establish … Continued
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Thursday 9th November 2023: Millions of Australian consumers and businesses were left without the ability to make or accept payments on Wednesday 8th November. Today Minister for Communications Michelle Rowland announced a government inquiry into yesterday’s Optus outage. The senate and the Victorian government have also announced inquiries. “Power, internet and EFTPOS systems can all fail and leave us … Continued
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SYDNEY, 9 NOVEMBER 2023: In a world first, ANZ shareholder Catherine Rossiter is taking her bank to court over concerns that it is failing to properly manage the material risks of climate change and biodiversity loss. Ms Rossiter, a long-term ANZ shareholder, says her concerns stem from disclosures in ANZ’s 2022 Annual Report … Continued
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MELBOURNE, AUSTRALIA – Businesses can earn returns on their US-dollar balances without opening an overseas bank account with a new Australian-first account from global financial platform Airwallex. Airwallex’s Yield also offers Australian businesses more than double the big banks’ returns on AUD funds, all without minimum lock up periods or using term deposit. … Continued
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November’s Money magazine leads with the big question: where to put $10,000? We use this as a measure to take the temperature of a range of investment options. We then delve into some important practical issues, including: is now the time to buy a second-hand EV? what are the best ways to use a credit … Continued
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Wednesday, 1 November 2023 – Australian SMBs are feeling the pressure ahead of the holiday season this year, with a potential $22 Billion[1] in invoices expected to go unpaid by 25 December. The latest research from global financial technology platform, Intuit QuickBooks, shows that SMBs are expecting an average 8 invoices will go unpaid between … Continued
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The Banking Code Compliance Committee’s ‘Small Business and Agribusiness Workshop’ report, published today, highlighted the importance of early engagement with small businesses and agribusiness customers on financial difficulty. The report outlines the issues, discussions, and findings of a workshop that the BCCC facilitated in March 2023 with banks, consumer and government organisations, and its … Continued
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Airwallex, a leading global payments and financial platform for modern businesses, today announced it has signed a definitive agreement to acquire MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. The transaction is subject to regulatory approvals and customary closing conditions. This acquisition will enable Airwallex to expand its financial … Continued
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Today APRA has confirmed that Australia lost another 424 bank branches in the last 12 months. Banks also closed or removed a further 718 bank-owned ATMs. Big banks are continuing to close bank branches and ATMs, further restricting access to cash and full banking services, despite the continuing inquiry into bank branch closures by the … Continued
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A RMIT finance expert is available to talk to the media about Australia’s transition to a cashless society. Dr Angel Zhong, Associate Professor, Finance When was the last time you used cash? For many Australians using cash or even swiping a card has become a rare event. The move towards a cashless society started 50 … Continued
