Mar 5, 2010
The new National Account report, released by the Australian Government on March 3rd, shows that the country has continued its economic growth throughout the whole of the 2009 year, despite the contractions faced by advanced economies worldwide.
According to the December quarter figures, Australia’s GDP grew by 0.9 percent, bringing the yearly growth total to 2.7 [...]
The new National Account report, released by the Australian Government on March 3rd, shows that the country has continued its economic growth throughout the whole of the 2009 year, despite the contractions faced by advanced economies worldwide.
According to the December quarter figures, Australia’s GDP grew by 0.9 percent, bringing the yearly growth total to 2.7 percent. Comparatively, the Australian Treasury estimates claim that the world’s advanced economies as a group contracted by approximately 3.2 percent.
In a statement accompanying the release ... Read More
Feb 8, 2010
The Australian Government will soon cease to operate the Bank Funding Guarantee Scheme (BFGS), which aided the stability of the country’s financial institutions during the most significant global economic contraction since World War II.
Yesterday it was announced that from March 31st the Australian BFGS will be withdrawn, based on a recommendation from the Council of [...]
The Australian Government will soon cease to operate the Bank Funding Guarantee Scheme (BFGS), which aided the stability of the country’s financial institutions during the most significant global economic contraction since World War II.
Yesterday it was announced that from March 31st the Australian BFGS will be withdrawn, based on a recommendation from the Council of Financial Regulators. The scheme was established in October 2008 as a means of instilling a greater confidence in the Australian banking system by providing a guarantee on ... Read More
Jan 29, 2010
Newly released Australian Consumer Price Index (CPI) figures show that the country’s inflation was 2.1 percent for the first two quarters of the current financial year, at the lower end of the Australian Reserve Bank’s (ARB) target spectrum.
Although the relatively small inflation is gladly greeted by consumers across the country, ARB economist claim that [...]
Newly released Australian Consumer Price Index (CPI) figures show that the country’s inflation was 2.1 percent for the first two quarters of the current financial year, at the lower end of the Australian Reserve Bank’s (ARB) target spectrum.
Although the relatively small inflation is gladly greeted by consumers across the country, ARB economist claim that it is indicative of an economy that is not being fully utilized and has room for further growth. The newest figures, released on January 27th, represent a ... Read More
Jan 20, 2010
Three Australian men are under trial for allegedly evading AUD3.7 million in taxes, which was brought back into Australia through ATM withdrawals and orchestrated through a Swiss-based accountant.
On January 18th a court case was opened concerning Daniel Aran Stoten, Adam John Hargraves and Glenn Luke Hargraves, who are alleged to have evaded nearly AUD4 million [...]
Three Australian men are under trial for allegedly evading AUD3.7 million in taxes, which was brought back into Australia through ATM withdrawals and orchestrated through a Swiss-based accountant.
On January 18th a court case was opened concerning Daniel Aran Stoten, Adam John Hargraves and Glenn Luke Hargraves, who are alleged to have evaded nearly AUD4 million in taxes over the period of four years. The three men, who ran a phonebook publishing company, are accused of grossly overstating their business expenses and ... Read More
