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Showing 71 - 80 of 1758 results for "COVID"

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... 0.3%, or $13.7 billion, in the June quarter. The ABS said the final allowance under the Term Funding Facility (TFF) from the COVID-19 pandemic matured on 30 June 2024, which it said impacted bank funding across financial markets. For example, banks exchange ...

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... unemployment, and interest rates to gauge economic despair - shows that Australia's economic misery remains elevated post-COVID-19 and is beginning to edge up again. Unlike previous periods whereby high interest rates or unemployment drove economic misery ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... legitimately access them," he said. In May, three Queenslanders were sent to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500. The AFP found they submitted several fraudulent applications to ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... arrears in Australia remained very close to zero during other major global events, such as the Global Financial Crisis and the COVID-19 pandemic, but despite this, regulators continue to impose additional constraints on lending, competition among banks ...

WAM tells investors it 'got the call wrong'

ELIZA BAVIN  |  TUESDAY, 17 SEP 2024
... period of time," Ayoub said. "On the other side of the spectrum, we're seeing more and more stocks hit 12-month lows, pre-COVID lows, and unsustainably low valuations which is forcing boards to rectify the valuation disparity."

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... dignified, comfortable retirement, and the future of retirement savings has never looked brighter," Delahunty added. The COVID-19 early release program is also a factor, with up to one million super accounts being left with less than $1000 in younger ...

Traditional economic indicators have 'tanked': Economist

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... US for around 12 months, based on the traditional indicators, but she said those data points aren't as useful in a post-COVID world. "Some of the indicators that we used to think of as lagging or not important indicators are actually much more important ...

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... economy grew for the eleventh consecutive quarter, although growth slowed over the 2023-24 financial year." "Excluding the COVID-19 pandemic period, annual financial year economic growth was the lowest since 1991-92 - the year that included the gradual ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
... balance between long-term security and immediate needs during unforeseeable circumstances, "such as those seen during the COVID-19 challenges." "These changes ensure the retirement system remains responsive to diverse financial needs, supporting both ...

AustralianSuper takes monster hit on Pluralsight

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
... creators for members," he said. "The asset was well supported by a range of major global investors, however, the impact of the COVID pandemic, volatile macroeconomic conditions, rising interest rates and increasing competition combined to create a very ...