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Morrison warns banks not to pass on new ‘user-pays’ impost to finance ASIC reform

Treasurer Scott Morrison has warned Australian banks not to pass on to customers the $121 million user-pays charge imposed on them to finance a strengthened Australian Securities and Investments Commission (ASIC), writes…. Michelle Grattan, University of Canberra The banks will pay for almost all the $127 million four-year package, which the government hopes will take…

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Weekly Economic Recap: Spending away Australia’s Triple A rating

The IMF warns of secular stagnation while Moody’s ponders a credit downgrade for Australia if GST and negative gearing are not tackled, writes… Richard Holden, UNSW Australia in his weekly economic wrap. The big news this week was domestic. And it was about the big picture.   Australian unemployment came in better than expected at 5.7%, down 0.1%…

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What Malcolm Turnbull, Our New Prime Minister, Means For The Property Industry

Whilst it’s too early to tell exactly what direct policy effects — if any — the installation of Malcolm Turnbull as new prime minister will have on Australia’s property industry, it’s clear that as Australia’s 29th prime minister he will be putting much needed focus on the economy. Lagging in the polls for many months, the coalition…

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