Australian News Today

Category : debt

Businesses are failing at near the highest rate on record

The rate of business closures in Australia has reached a four-year high, with higher cost of living pressures facing households contributing to more companies s

Singaporean high roller ordered to pay Australia casino over A$38 million in gambling debt

SINGAPORE: A Singaporean businessman was ordered to pay over A$38 million (S$33.7 million) after racking up a huge gambling debt at a Gold Coast casino, an Aust

Calls for relief as some West Australians say they don’t have $500 for an unexpected bill

Almost four out of 10 people in WA would have to sell something or turn to credit if faced by an unexpected bill, a survey by the Financial Counsellors Associat

Do financial regulators really understand how much many Australian mortgage borrowers are struggling?

The Reserve Bank keeps telling us everything is OK, that Australia is still on the narrow path to conquering inflation without a recession and that most home ow

How the ATO went from good cop to bad cop to claw back more than $50 billion in debt

The tax office is once again perceived as the 'bad cop' on the beat and it's the Albanese government that's given it a mandate to go hard and recoup more than $

Perth home builder Nicheliving owes almost $4m to tax office

In short:A credit check has revealed that Perth home builder Nicheliving owes the tax office $3,813,837.A number of sub-contractors are also taking legal action

The ‘acute pressure’ on water infrastructure that could sour some SA budget sweeteners

As the state government rolls out cost-of-living relief in its third budget to hundreds of thousands of South Australian households, there's a warning that cash

Millions of Australians facing financial difficulty, according to ASIC survey

In short: Millions of Australians are struggling to meet debt repayments due to the rising cost of living.An ASIC survey has found Australians facing financial

‘Think carefully before you sign’: Mia lost her family home after taking on a small business loan with $100,000 interest

Small business owner Mia Li breaks down in tears when she recalls losing her family home.She made the tough decision to sell her property to save her business t