JobKeeper and JobSeeker helped keep Australians out of poverty during the coronavirus crisis, but what happens when the money stops?
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 | Ally SelbyAlly Selby is a journalist at Financial Standard. Prior to this she worked as a video producer at publisher Pedestrian Group. She previously worked as a prime time program producer at Your Money (Sky News Business), producing shows covering technology, investing, entrepreneurs and Australia's most successful business people. She has a double Bachelor's degree in Journalism and International Studies from the University of Technology Sydney. |
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Already facing a rapidly approaching deadline signaling the end of exemptions from capital gains tax, expats now face further challenges in selling their former family homes, with only COVID-19 to blame.
An Australian investment manager has urged the big four banks to continue paying dividends, propping up APRA's suggestion to use underwritten dividend reinvestment plans (DRPs) to meet the needs of the nation's retirees.
In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% on March 19.
For the first time, climate crisis and environmental degradation have taken out the top five spots in a list ranking the risks most likely to impact the world over the coming decade.
"Most of my examples of using the Bank of Mum and Dad have been quite negative, not so much from a financial perspective but from an emotional and relationship experience," warns financial adviser Chris Carlin.
The RBA will not allow tech giant Facebook to launch its cryptocurrency Libra in Australia until data privacy and financial stability risks have been addressed.