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Daily Archives: May 26, 2020

Why are franking credits declared as income?

I think there may be some miscommunication. A Westpac spokesperson assures me that borrowers are free to make extra loan payments, including interest, any time they wish. An exception could be if the loan has a fixed-interest rate, in which case the ability to make extra repayments would depend on …

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As the day unfolded: Two Sydney schools evacuated after positive COVID-19 tests; Novavax human trials begin in Melbourne, Australian death toll stands at 102

Thanks for reading. This is Matt Bungard signing off. We’ll be back tomorrow with more live, free coverage of the coronavirus pandemic. This is what you need to know from today: We’ll continue our live coverage of the pandemic early on Wednesday morning in a new blog with Megan Levy. …

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Contactless payments spurred by hygiene concerns

Contactless payments made by phone app and card continue to soar, driven by consumer concerns about coronavirus infection through the sharing of keypads and cash. A study by Dynata, a data and insights company found that only China, with 90 per cent of people, Singapore (85 per cent) and the …

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Get the best deal on your NBN plan

Like the little engine that could, the NBN recovered and made its way up and over the mountain. The NBN’s average download speeds during busy hours were almost the same as in February before the virus hit, according to new data from the Australian Competition and Consumer Commission. The ACCC’s …

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When early access to super can pay off

They both have about $30,000 in super and are suffering financial hardship because their wages have been slashed and they are relying on JobKeeper payments to survive. Still, they have saved $40,000 for a house deposit and intend to buy a home in the $450,000 price range when they return …

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There’s a better way to fund your retirement

The first thing to do is work out a reasonable retirement lump sum. The government has capped pension-phase super at $1.6 million, so let’s say that is the target. Next, let’s say that retirement age will be 70 for those who are yet to enter the workforce. Now, let me …

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Israeli court ruling clears way for extradition of alleged child sex abuser

“OMG!!!” she wrote. “Too many emotions to process!!!” A press conference will be held on Wednesday morning with former Liberal Premier Ted Baillieu, who has been involved in the matter, and local Jewish MPs Labor’s Josh Burns and Liberal David Southwick, according to Ms Elrich. Nicole Meyer and Dassi Erlich, …

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Younger and poorer: The people locked out of JobKeeper

Up to half a million short-term casual workers in industries worst-hit by the pandemic could access JobKeeper if the federal government expanded the scheme to include workers employed at their workplace for fewer than 12 months. As the government faces calls to widen its wage subsidy program, new research claims …

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Everett’s Everest a speech too far

“Those 272 words (C8) took Lincoln less than three minutes to read,” notes David Gordon of Cranebrook. “Lincoln was preceded by Edward Everett, whose 13,600-word speech took two hours. Lincoln is remembered, but Everett has been forgotten. If only our pollies would remember that long-windedness is not appreciated!” Not a …

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