News archive from 30 March 2013

Welfare advocates back budget super cuts

Welfare advocates back budget super cuts

Welfare advocates are encouraging the Government to target superannuation as a source of savings in the budget to avoid further cuts to social security benefits.The Federal Government is still refusing to reveal whether it will target superannuation...

ABC News, 13:00 in Business
 
Shorten flags overhaul of Comcare scheme

Shorten flags overhaul of Comcare scheme

The Federal Government has signalled a big shakeup of the $1.2 billion Comcare scheme for injured Commonwealth public servants.A wide-ranging review ordered last year has recommended 137 changes after finding the scheme open to rorts. The review...

ABC News, 13:58 in Business
 
Consumers warned about health insurance exclusions

Consumers warned about health insurance exclusions

Consumer advocates are warning that people who choose budget health insurance policies with exclusions risk being left out of pocket in the future.The Private Health Insurance Administration Council says 60 per cent of people took out cover with...

ABC News, 16:59 in Business
 
Coalition backs Gillard in China currency plan

Coalition backs Gillard in China currency plan

The Coalition has backed a plan by Prime Minister Julia Gillard to secure a currency conversion deal with China.Under the deal the Australian dollar would be directly converted into Chinese yuan, to avoid the cost of currency conversion. Shadow...

ABC News, 17:56 in Business
 
EU-led Cyprus bailout to hit bank savers

EU-led Cyprus bailout to hit bank savers

Big savers in Cyprus's largest bank face losses of up to 60 per cent, far greater than originally feared under the island's controversial EU-led bailout plan, officials said on Saturday. Lawmakers were meanwhile investigating a list published in Greek...

SBS, 23:21 in Business
 
High income earners' superannuation to be target of budget crackdown

High income earners' superannuation to be target of budget crackdown

EXCLUSIVE: RICH Aussies using superannuation as a tax shelter are expected to be the target of a half a billion dollar budget crackdown. The Gillard Government is honing its budget savings attack on high income earners, amid fears of a widespread hit...

 
N Korea ratchets up threats against South

N Korea ratchets up threats against South

North Korea has threatened to shut down a joint industrial complex with South Korea in the latest warning from Pyongyang at a time of escalated tensions between the two sides.The threat comes hours after Pyongyang declared it was in a "state of...

ABC News, 01:55 in Business
 

BHP displays growth you can bank on

Whether that represents a sea change in the economy or a market that's taken leave of its senses is the question. In fairness to the market, if you take into account BHP's additional shares listed in London, it's twice as big as the CBA. But you get...

 
Breaking the debt cycle

Breaking the debt cycle

Are you making a dent in your debt or just pretending it doesn't exist? It's easy to keep paying minimum repayments rather than biting into the principal, but ignoring debt is like climbing a mountain that keeps getting steeper. The convenience of...

 

Five smart steps to help ease the grief

But there's another kind of bucket list - the things you need to take care of before you die. We avoid talking about them yet they are the things you can do to make life better for a whole bunch of people, including your spouse, kids, employees and...

 
Has gold had its time in the sun?

Has gold had its time in the sun?

Gold has had a spectacular run since the onset of the global financial crisis. From about $US750 an ounce in 2008 it reached $US1900 in September 2011. But since then the gold price has been trading in a range between $US1550 and $US1800. Each time...

 

Minimise hassle with targeted investments

If all your $1.5 million is in a share portfolio (assuming this amount excludes your home, cars etc), why would you not just split it across a couple of well-established sharebroking firms who only charge when you buy and sell, thus eliminating your...

 

Tall order: investors targeted for state's biggest skyscraper

Dubbed ''Aspire'', the building could be as high as 320 metres and contain 700 apartments, shops, a 150-room hotel and a public ''experience centre'' with views to Goat Island. Such a tower would be Sydney's tallest residential complex - easily taking...

 
Investing in style

Investing in style

Vintage clothing has, like much of the fashion industry, peaks and troughs. In the late 1960s, hippies scoured the flea markets of Paris and London. And in the early '70s, chiffon tea dresses from the 1920s and '30s were keenly sought. While there had...

 

BHP displays growth you can bank on

Whether that represents a sea change in the economy or a market that's taken leave of its senses is the question. In fairness to the market, if you take into account BHP's additional shares listed in London, it's twice as big as the CBA. But you get...

 
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