Tag: Economy

Tasmania Shows Promising Growth Amidst Australia’s Stagnant Economy

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Australia’s economic slowdown is evident throughout the 2018-19 financial year’s gross state product statistics. Yet amidst Australia’s stagnant economy, three regions stand out in their ability to weather the storm. According to the report, Tasmania, the Australian Capital Territory, and Victoria are the states/territories with the most encouraging economic growth.…
turning point

Australia’s Growth Rate Expected to Improve, But Other Issues Remain

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Australian economy reaching turning point In the semi-annual meeting with the Parliamentary Committee, Reserve Bank Governor Dr Philip Lowe said that the Australian economy was at a turning point and urged the government to do more. The meeting comes after Liberal MP Tim Wilson accused the RBA of giving up…

Are Australians able to Retire Comfortably?

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Earlier this month, the Grattan Institute released a detailed report hitting back at superannuation lobbyists who claim that many Australians will not retire with enough money. The belief that “Australians don’t save enough for retirement…encouraged by the financial services industry fear factory, is mistaken”, the report states. As a matter of fact, the Grattan…

ATO Issues Public Warning: Beware of New Scams

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The Australian Taxation Office (ATO) is warning the public to watch out for phone calls from fraudsters during tax time. The latest method involves a three-way phone call between the scammer, the victim and a second scammer impersonating the victim’s tax agent. “One recent example had a taxpayer unfortunately thinking the…