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Annabelle Dickson
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Shoppers guide to controlling the Christmas spend

The holiday spending season is in full swing – a time when Australians should be using budgeting tools to gain a better insight into their spending and help manage debt. But a large number are missing out on this opportunity.…

Transfer balance cap change ahead

The Australian Taxation Office (ATO) is alerting superannuation trustees to plan for a number of changes in regard to the indexation of the general transfer balance cap, which will be particularly important for SMSF trustees. The transfer balance cap is…

Internet banking gets a makeover

Australians are missing out on the ease of a simplified banking initiative that includes instant payment transfers, QR codes and no more BSB and account numbers. BPAY’s latest venture Osko, facilitates the instant transferring of funds between banks 24 hours…

Lengthy mortgage processes a thing of the past

Australians who are fed up with long mortgage approval times may have their problem solved with digital banking solutions. Last week neobank 86 400 launched its digital mortgage offering with the application process done entirely through its smartphone app. The…

Gift card protections now law

Australians shopping for gift cards ahead of the festive season will have extra protection against losing millions of dollars on expired cards. The Australian Consumer Law has been amended to introduce a national regime that requires gift cards have a…

Zipping it together: Amazon’s new payment partner

Buy now pay later (BNPL) is now bigger than ever, with one of the world’s biggest e-commerce retailers signing up its first BNPL offering for customers on its local retail website. Zip’s buy now pay later service, Zip Pay, and…

Elder financial abuse: what to look for and how to stop it

Jessica Latimer is a lawyer specialising in elder financial abuse at Moores and she sees a lot of cases that trouble her. A recent case involved an elderly man who had jointly appointed power of attorneys. One attorney was withdrawing…

Chi-X offers more product for retail investors

Investors are set to get a better deal as competition heats up between Australia’s share trading platforms and its challenger. Alternative listed securities market, Chi-X Australia, is going up against the Australian Stock Exchange (ASX) with its trading volumes and…

Piggy banks go digital, but beware the cost

Pocket money is taking on a digital form with a new breed of fintechs taking over the piggy bank. But they are more expensive than standard children’s banking products. ZAAP is a prepaid MasterCard and Spriggy a prepaid Visa. They…

Bankruptcy is going digital

Australians facing the prospect of bankruptcy will soon be able to submit their application online. The Australian Financial Security Authority (AFSA) has announced that its new initiative, Bankruptcy Online will launch in January 2020. Debtors will be able to create…