Tag: debt

Business failure wave flowing into personal insolvencies

Personal insolvencies are spiking as the cost-of-living crisis continues to bite and business failures trigger a ripple effect – and there’s more to come, says insolvency and business turnaround specialist Jirsch Sutherland. The...

Banks offer further assistance for timely relief

The banking industry announces that they will be offering further assistance to help customers experiencing hardship from COVID-19. CHOICE, Financial Rights Legal Centre, Consumer Action Law Centre and Financial Counselling Australia are at...

Little Christmas cheer but some promise in 2020 for retailers

It has been a tough year for the retail sector so far in 2019, and the upcoming festive spending will likely do little to change that underwhelming result according to Deloitte Access...

ATO jumping gun on early debt recovery – Ombudsman

The ATO is issuing garnishee notices while tax disputes are still before the Administrative Appeals Tribunal, says a new report. The report on early debt recovery action by the Australian Taxation Office (ATO)...

One in five retail workers feels ‘financially stressed’

A new report from financial services company AMP has found the retail industry to be among Australia’s most financially stressed. According to its Financial Wellness report, 20 per cent of retail workers are...
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