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News: Money

Granddad leaves behind treasure trove of 80,000 records, believed to be Australia's biggest collection

Monday  10:46,   18 june 2018
msn

What is thought to be Australia's biggest record collection is up for grabs. The collection belonged to Gold Coast grandfather, Ken Perkins, who left behind a treasure trove of more than 80,000 records after his[...]

Congested roads overtake aircraft noise as biggest Sydney Airport gripe

Monday  08:10,   18 june 2018
smh.com.au

Plane noise for residents living under flight paths is no longer the biggest concern about Australia's busiest airport.And with only one bus route, Australia's busiest airport is pressing the state government to improve bus links, especially to[...]

NSW stamp duty nets $13.8 billion — and some are calling for reform of the tax

Monday  07:51,   18 june 2018
msn

Despised by property buyers, it is the New South Wales Government's most lucrative source of revenue. LLast financial year, stamp duties and land taxes, levied on home-buyers and investors, netted NSW Treasury a whopping $13.8[...]

Melbourne dentist faces fresh allegations of underpaying staff

Monday  07:37,   18 june 2018
theage.com.au

The former operators of a Melbourne dental practice are facing new allegations of underpaying a 457 visa-holder. The Fair Work Ombudsman is taking legal action on behalf of a South Korean national, who was in his late 20s when he was allegedly[...]

Comment: Elon Musk's plans for Tesla keep getting weirder and it could put the company's future at risk

Monday  06:15,   18 june 2018
businessinsider.com.au

Tesla has been struggling with fundamentals and has lost billions. But the auto industry has never been better, enjoying years of booming sales and profits.Load[...]

Exclusive strip dubbed Sydney's 'Millionaire's Row' is quickly becoming Australia's most sought-after address - with apartments going for $2,200 a week

Monday  05:09,   18 june 2018
dailymail.co.uk

A suburb in Sydney, Australia is costing renters up to $2,000 per week to rent a two bedroom apartment. A property in the suburb recently sold for $3.5 million within one week.Wealthy renters are snapping up two-bedroom apartments in Barangaroo,[...]

Comment: Pizza wars: paying heavy price for a slice

Monday  05:09,   18 june 2018
smh.com.au

When franchisors squeeze franchisees too hard, the consequences can be profound. A Federal Circuit Court case on Thursday outlined the implications when franchisees are struggling. It involved a Pizza Hut franchisee on the Gold Coast who was forced[...]

Online baby retailer changes name as shoppers wait for purchases

Monday  04:06,   18 june 2018
smh.com.au

Kelly ordered blinds for her baby's room in summer. She is still waiting for them to arrive.An online baby clothes retailer accused of failing to deliver goods purchased through its website is still operating despite telling its customers it had [...]

Why China “holds all the aces” in a full-blown US-China trade war

Monday  04:06,   18 june 2018
cnbc

U.S. tariffs on $50 billion of China goods were imposed Friday to protect U.S. intellectual property and technology. It prompted China to retaliate.On Friday the Trump administration announced it will impose a 25 percent tariff on up to $50 billion[...]

NSW budget sweetener on the way for small business as payroll tax threshold lifted

Monday  03:05,   18 june 2018
abc.net.au

Lifting the payroll tax threshold will deliver $881 million in savings for business over four years, the Government says, but NSW Labor describes it as a modest[...]

Theranos founder Elizabeth Holmes and former president Balwani charged by feds with wire fraud

Monday  01:12,   18 june 2018
cnbc

The Securities and Exchange Commission in March accused Holmes of "massive fraud" in connection with Theranos.Load[...]

REVEALED: Thousands of Australians set to slash $1,000 from their energy bills with the click of a mouse - and here's how YOU can do it too

Sunday  07:55,   17 june 2018
dailymail.co.uk

Help is on the way for New South Wales households struggling with rising electricity costs.The NSW Government has vowed to shake up the market under a new initiative to be announced this week.The NSW Government has vowed to shake up the electricity[...]

Why no one's really excited by the recent fall in Australian unemployment

Sunday  03:02,   17 june 2018
businessinsider.com.au

Australian unemployment tumbled to 5.4% in May, moving it closer to the level where some estimate that wage pressures will begin to build. Australian unemployment tumbled in May, falling to 5.4%, the lowest level since November last[...]

Cost of living pressures have worsened for most in Sydney: poll

Saturday  19:31,   16 june 2018
smh.com.au

A new poll draws attention to voter worries over financial pressures ahead of next week’s state budget. Most affected were those aged over 50 – in that Sydney age cohort 87 per cent feel cost of living pressures had worsened during the past year[...]

'I share Australian values': Chinese-Australian developer hits back at foreign ownership fears in Tasmania

Saturday  17:57,   16 june 2018
msn

Plans for a $100 million resort on Tasmania's east coast are raising concerns about foreign ownership and influence in the Apple Isle.The proposed resort stretches over more than 3,000 hectares and would include a golf course, 70 villas, 240[...]