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Showing 31 - 40 of 105 results for "Financial hardship"

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... scammers created a convincing graphic claiming that Coles, Woolworths and Aldi wanted to help people suffering financial hardship as a result of COVID-19 by giving them gift cards. All people had to do to get a gift card was fill in an online survey ...

SG increase will be deferred: Knox

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
... our members, we found that nearly a quarter of those who accessed ERS did so out of anxiety and not due to financial hardship," Campo said. "The compounded impact of this, not just on individual members, but on the industry as a whole, will be significant. ...

Spend your money how you please: PM

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... sort of government we are." Morrison stressed people should not be taking the money out unless they are facing financial hardship, and therefore have the right to use the funds however they please if it helps them. "It is their money and if they believe ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... COVID-19, business will be booming for debt vultures." NAB said that in 2019 20,000 of its customers sought financial hardship assistance and about 9% of those engaged debt management providers that charged fees. So far in 2020, NAB has already seen ...

AFCA sees 14% rise in complaints

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... pandemic has had a particular impact on Australian households, with 20% of COVID-19 related complaints being about financial hardship," he said. Locke said AFCA saw less complaints relating to COVID-19 than anticipated due to the proactive response taken ...

Super withdrawals being misused

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... Spending for those who accessed their super early increased, although the scheme was designed to support people in financial hardship. On average, people withdrew $8000 and spent an extra $2855 in two weeks above their usual fortnightly spending. Bligh ...

Time to buy residential property: Survey

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... the rental relief. "It's clear from the survey that landlords worked with tenants who were suffering genuine financial hardship during these difficult times, with only a very small percentage not coming to a mutual agreement," Kingsley said. "It's also ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test. Breaching the sole purpose test is not the only issue SMSF trustees could ...

Advisers split on COVID-19 opportunity

HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
... industry support, such as MLC's offers, as the sector comes together to help Australians who are experiencing financial hardship as well as those who have emerging anxieties about their future plans, and those seeking to take advantage of market vola ...

Insurer invokes financial hardship policy

ELIZA BAVIN  |  MONDAY, 11 MAY 2020
... may have a reduced capacity to pay during the pandemic. "Initiatives taken by Integrity include; invoking our financial hardship policy for clients who have reduced capacity to pay due to the current situation, consideration of alternate methods of information ...