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  1. RBA rate announcement - October 2014

    left at a record-low 2.5 per cent for the 14th consecutive month. The decision comes as no surprise given the RBA announced last month that it expects to leave the official cash rate at 2.5 per cent for at least the next year. In the minutes of the...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  2. RBA rate announcement - August 2014

    evidence in the minutes to indicate that the board is seriously considering this option,” he said. The Reserve Bank forecast last month that the cash rate would remain at 2.5 per cent for at least one more year. The consensus among the economists...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  3. RBA move a ‘kick in the guts’, but few surprised

    likely to slow demand in the sector further.” Employment Hero said the RBA decision would hit seasonal hiring compared to last year as consumer confidence plumbed fresh lows. CEO Ben Thompson said the RBA had the power to make or break Christmas for...

  4. RBA makes first cash rate call of the year

    to stick around for another few years, will send property prices soaring. According to a document released by the RBA last month, following a Freedom of Information request, a permanent 1 percentage point (100 basis point reduction) cut in the official...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business

  5. RBA lifts rates 0.25 per cent

    “Borrowers should start shopping around for the best deal," he said. "If their financial position has improved since they last spoke to their bank, they should approach them again. They may be eligible for a lower interest rate which will offset some of...

  6. RBA holds the cash rate steady at 4.35%

    Below-trend growth and the impact of last month’s raise means steady as it goes. The RBA has held rates steady at 4.35 per cent today on the view that inflation continues to moderate while the economy is experiencing below-trend growth. It said...

  7. RBA Governor backs global standard for sustainability reporting

    helpful step towards consistency in environmental reporting. Dr Lowe told a House of Representatives Standing Committee late last week that climate disclosure, with global standards being developed by the ISSB, would soon go hand in hand with...

  8. RBA delivers November cash rate call

    The Reserve Bank of Australia (RBA) has delivered its second last cash rate call for the 2021 calendar year. It’s the rate that stops the nation; The Reserve Bank of Australia (RBA) has revealed its cash rate decision for November 2021. Despite recent...

  9. RBA delivers December cash rate call

    For the last time in 2021, the Reserve Bank of Australia has handed down its decision on the cash rate. The board has decided to maintain the cash rate at its record-low 0.1 per cent – which has now stood for the entirety of 2021 – and is now set to be...

  10. RBA announces October cash rate decision

    Oliver said inflation is high and still rising and that economic data apart from housing has been strong since the RBA’s last meeting. “After five rate hikes in a row the RBA should be slowing the pace of rate hikes to be able to assess the impact of...

  11. RBA announces last rate decision for the year 

    The Reserve Bank has revealed its cash rate decision for December with inflation still yet to peak according to economists. The RBA has again increased the interest rate by 25 basis points up to 3.1 per cent. This is the eighth consecutive rate rise...

  12. RBA announces August rate rise

    RBA's rise is focused on the supply side inflation rather than demand side. "The economic update provided by the Treasurer last week pointed to inflation peaking toward the end of the year, at near 8 per cent, before starting to fall in 2023," said Ms...

  13. Rate rises to slam the brakes on housing starts: HIA

    according to the Housing Industry Association. The HIA’s latest Outlook Report says interest rate rises put an end to last year’s boom and detached housing commencements will fall precipitously to below 100,000 next year, from 149,000 in 2022. “The...

  14. Rate rise ‘will push at risk mortgage-holders to record high’

    the eve of the next RBA decision about interest rates and shows the cumulative impact of 10 consecutive increases since May last year, with only one rise (by 0.25 points in March) during the survey period of Q1 2023. Roy Morgan said the number “at risk...

  15. Rate of COVID-19 job losses slows

    in one of its hardest hit industries, with accommodation and food services recording a 5.2 per cent uptick in the last week of April. “The accommodation and food services industry had lost around a third of payroll jobs (33.3 per cent) by the week...

  16. Rate for home office expenses bumped up

    to 52c per hour, up from 45c per hour, effective from 1 July 2018. The updated PS LA 2001/6 now reflects the change. The last time the rate changed was back in 2014. The rate-per-hour method incorporates all of the items that a taxpayer can claim as a...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  17. Rate change set for popular deduction

    clothing and laundry claims have also be put on notice after the ATO announced a 20 per cent rise in claims over the last five years, with six million people claiming nearly $1.8 billion in laundry expenses last year.

  18. Ransomware – Are you the Next Target?

    previous six-month reporting period. Average ransom payments have risen dramatically in Australia and New Zealand over the last year as malicious actors have become more sophisticated. Whereas cybercriminals used to be looking for a vulnerability, now...

    • Type: Article
    • Author: Accountancy Insurance
    • Category: Technology

  19. Ramp-up migrant intake to fix talent drought, says accounting body

    annum. I don’t think it’s tens of thousands, but I think it could be up to 10,000.” “We’re playing catch-up because for the last two years, these migrants haven’t been able to get here.” Just 79,600 places are allocated to skilled migrants during...

  20. Raise scam defences or face penalties, business told

    a scam website takedown service with ASIC in November. While the ACCC estimated that consumers lost $3.1 billion to scams last year, the only sector that currently faces scam prevention obligations was telecommunications, the consultation paper said....

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