The call to regulate the buy now, pay later (BNPL) industry has come from far and wide. Federal Treasury has revealed that major banks including ANZ and Westpac, and industry groups including the Mortgage and Finance Association of Australia and the Australian Retail Credit Association, have recommended bringing platforms such as AfterPay, Zip, Klarna, Humm and others under the National Credit Act.

They join consumer advocacy groups CHOICE, the Consumer Action Law Centre, Financial Counselling Australia and the Financial Rights Legal Centre in making submissions to the government in support […]

THERE were 2259 less property transactions across the state last year compared to 2021.

And yet, Tasmania recorded in excess of $5bn worth of property sales for only the second time on record.

The Real Estate Institute of Tasmania’s annual figures, released alongside its December quarter report, show house transactions falling while median house prices increased to record highs across each of the major regions.

Greater Hobart sales fell 11.7 per cent last year while the median house price pushed up 12.9 per cent to $790,000.

Launceston house sales dipped 14.6 per cent […]

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.25 per cent.

Global inflation remains very high. It is, however, moderating in response to lower energy prices, the resolution of supply-chain problems and the tightening of monetary policy. It will be some time, though, before inflation is back to target rates. The outlook for the global economy remains subdued, with below average growth expected this year and next.

In Australia, […]

A few minutes with our Account Manager George Placogiannakis

What is your role at TCS? – 

Im an Account Manager and Collector

How long have you been with the business? – 

Ive been with the business for over 8 years now

Tell us about your role – 

I manage a portfolio of clients and their debts for collection through TCS

What’s your favourite thing about coming to work – 

Drinking lots of coffee to get buzzed and pumped for the day ahead

What floats your boat –

Personal –  Relaxing with the family in my down time

Work – […]

• Equifax has seen growth across all enquiry types on the corresponding Q3 last year.
• Compared to Q2 all enquiry types went backwards but that is largely seasonality driven
• Insolvencies have increased dramatically however we are trending to long term averages. We have not seen the tsunami that the media would have you believe. But some industries like construction have been more greatly impacted
• Because of a stretch of resource we did not do a deep dive this quarter but we did take a closer look at averse rates, by industry and enquiry type. […]
  

As we enter the silly season and post new year resolutions period, we thought it would be timely to sit down with Wellness and communication consultant Anne Whatley-Dale to gain her insights into the journey towards work-health-life wellness.

Pandemic is not just another disaster

When Covid-19 hit, I braced myself for the long-term chronic impact. None of us had any idea what was in front of us, or for how long. Having come through the Brisbane floods of 2011, I knew first-hand that the crisis itself is short-lived, but it’s the […]

It’s the biggest online shopping month of the year and despite rapidly rising living costs, retailers are gearing up for record-breaking spending this November. But the pre-Christmas blowout will lead to a painful financial hangover for some, experts warn, with a costly reality catching up with them in the New Year.

More than 21 million parcels were delivered by Australia Post during last year’s Black Friday and Cyber Monday sales, making November 2021 the biggest month in Australian online shopping history. This year is expected to be even larger as […]