With inflation, interest rate hikes and other economic stress weighing heavily on Australian households, key recent data show consumer sentiment approaching new lows while overall spending continues to climb.
The Australian Taxation Office’s recent annual report shows a growing gap between collectable and collected tax figures, prompting the agency to go after delinquencies as the post-pandemic economic recovery continues.
Commonwealth Bank-owned brokerage platform CommSec and former CBA subsidiary AUSIEX have been hit with $27 million in fines for violating ASIC’s market integrity rules, in the largest-ever penalty handed down for such breaches.
