Download IPFS In a bold throwback to simpler banking times, AMP has launched a digital savings account offering 4.5% interest with no minimum deposits, withdrawal restrictions, or monthly fees – a direct challenge to the “bonus rate traps” plaguing modern banking. The new product, available exclusively through AMP’s GO app,[Read More…]

Download IPFS Australia’s financial crime watchdog has placed digital currencies front and centre in what it calls the most ambitious reform to anti-money laundering laws in a generation. The Australian Transaction Reports and Analysis Centre (AUSTRAC) on Wednesday flagged cryptocurrencies and cash-heavy businesses as top-tier threats, announcing a sweeping regulatory[Read More…]

Download IPFS CPA Australia has issued a pointed warning about a looming crisis in the financial services sector, calling on the federal government to urgently address the shrinking pool of qualified financial advisers. The professional accounting body highlighted that a combination of excessive red tape and increasing compliance costs has[Read More…]

Download IPFS In a significant move within the financial services sector, Damon Sze, former Chief Operating Officer (COO) of Hantec Markets Australia, has taken up the position of Managing Director at TopWealthTrading. The newly launched offshore Contract for Difference (CFD) brokerage is strategically positioned to target growth across the Asian[Read More…]

Download IPFS Australia is on the verge of a financial innovation milestone as Sydney-based fintech firm Block Earner secures a major court victory that paves the way for the nation’s first home loans backed by Bitcoin. In a decision that could reshape how Australians approach home ownership and digital assets,[Read More…]

Download IPFS Global advisory firm Teneo has made a major move to solidify its financial advisory presence in the Asia-Pacific region with the acquisition of PricewaterhouseCoopers’ (PwC) Australian business restructuring services unit. The deal will see approximately 80 professionals transition from PwC to Teneo, further boosting the firm’s capacity to[Read More…]

Download IPFS Former Treasury Secretary Ken Henry has reignited debate by urging the Labor government to reinstate a carbon tax, calling its 2014 repeal a grave mistake. Speaking at the National Press Club, Henry labeled the original policy the “world’s best” for curbing emissions. However, his push raises concerns about[Read More…]

Download IPFS A recent Freedom of Information (FOI) error by the Treasury has thrust tax reform into the spotlight, revealing advice to Treasurer Jim Chalmers that taxes must rise to address Australia’s budget woes. The accidental leak, reported by the Australian Broadcasting Corporation (ABC), suggests the Labor government faces tough[Read More…]