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S&P upgrades outlook on Australia’s AAA rating to stable from negative

S&P upgrades outlook on Australia’s AAA rating to stable from negative

by Shared by Reuters | Jun 7, 2021 | News

Australia’s A$2 trillion ($1.55 trillion) economy has rebounded sharply to above pre-pandemic levels thanks to the country’s successful handling of the coronavirus pandemic together with massive fiscal and monetary stimulus.Read more in reuters
Victorian businesses and sole traders miss out on lockdown grants because they don’t earn enough

Victorian businesses and sole traders miss out on lockdown grants because they don’t earn enough

by Shared by ABC News | Jun 7, 2021 | News

The Victorian government announced a $250 million business support package three days into the current lockdown, and a further $209 million when that was extended for another seven days. Read more in ABC News  
AUSTRAC launches money laundering investigations into NAB, Crown Perth, SkyCity Adelaide

AUSTRAC launches money laundering investigations into NAB, Crown Perth, SkyCity Adelaide

by Shared by Business News Australia | Jun 7, 2021 | News

National Australia Bank (ASX: NAB), Crown Perth and SkyCity Adelaide all made announcements this morning that AUSTRAC was formally investigating their operations, although no link has been established between the three cases.Read more at Business News Australia
‘Shouldn’t matter whether they have savings or not’: COVID disaster payment eligibility under spotlight

‘Shouldn’t matter whether they have savings or not’: COVID disaster payment eligibility under spotlight

by Shared by Accountants Daily | Jun 4, 2021 | News

CPA Australia’s general manager of external affairs, Jane Rennie, said that the temporary payment announced by the federal government on Thursday should be made available to everyone unable to work as a result of state and territory-imposed restrictions, not just...
Family home still most common form of security to fund SMEs for COVID recovery

Family home still most common form of security to fund SMEs for COVID recovery

by Karen Tan | Jun 4, 2021 | News

YouGov research, conducted on behalf of business finance company Apricity Finance, in the last week of April 2021, found the traditional forms of funding for small businesses have now become too hard for them to access. The national survey canvassed a representative...
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