Accountancy news

• New bank to open in small farming community, bucking a national trend

  07-02-2023 23:07 via abc.net.au
  
  One bank is closing while another opens in the southern New South Wales town of Holbrook. The town's only current bank NAB will shut its branch's doors on Thursday, but Hume bank has announced it will open in March. 
  
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• As small towns around the country lose their banks, this community will gain a new one

  07-02-2023 23:07 via abc.net.au
  
  One bank is closing while another opens in the southern New South Wales town of Holbrook. The town's only current bank NAB will shut its branch's doors on Thursday, but Hume bank has announced it will open in March. 
  
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• As many regions lose their local banks, this small town is getting a new one

  07-02-2023 23:07 via abc.net.au
  
  One bank is closing while another opens in the southern New South Wales town of Holbrook. The town's only current bank NAB will shut its branch's doors on Thursday, but Hume bank has announced it will open in March. 
  
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• Trust slumps in government and media as division rules, survey shows

  07-02-2023 23:00 via abc.net.au
  
  A global survey finds Australia could be on path towards polarisation, with more people believing the divides in our society are not able to be fixed.
  
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• Live: ASX gains back yesterday's losses after the RBA's interest rate hike

  07-02-2023 22:25 via abc.net.au
  
  After another interest rate hike yesterday, the stock market and economy are still digesting the news. Follow the day's financial news and insights from our specialist business reporters on our live blog.
  
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• Live: ASX digests news of latest interest rate hike

  07-02-2023 22:25 via abc.net.au
  
  After another interest rate hike yesterday, the stock market and economy are digesting the news. Follow the day's financial news and insights from our specialist business reporters on our live blog.
  
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• ASX closes higher; government releases financial advice report; banks pass on rates to borrowers, not savers

  07-02-2023 22:25 via abc.net.au
  
  Equity traders added back almost as much as was wiped off the ASX yesterday, following that ninth hike by the RBA, as more companies reported their earnings. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.
  
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• ASX closes higher as traders prepare for more rate hikes to come and companies report mixed half year results — as it happened

  07-02-2023 22:25 via abc.net.au
  
  Equity traders added back almost as much as was wiped off the ASX yesterday, following that ninth hike by the RBA, as more companies reported their earnings. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.
  
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• Shires want simpler process to access outback disaster funding to fix roads

  07-02-2023 22:19 via abc.net.au
  
  Kimberley shires say "overly burdensome" bureaucratic hurdles are holding up crucial funds to repair flood-damaged outback roads used by pastoral stations and Indigenous communities.
  
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• Anti-fracking group launches Supreme Court challenge to Beetaloo Basin fracking plan

  07-02-2023 21:37 via abc.net.au
  
  The Central Australian Frack Free Alliance will argue the Northern Territory's Environment Minister failed to consider the full environmental impacts of new exploration works in the Beetaloo Basin.
  
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• Thinking about freezing your eggs? It's a huge financial, physical and emotional decision

  07-02-2023 21:07 via abc.net.au
  
  "They're well-educated, professional jobs, earning good incomes – and single." Meet the Australian women who are freezing their eggs.
  
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• 'I was considering my options after a break up': Why Chantel decided to freeze her eggs

  07-02-2023 21:07 via abc.net.au
  
  "They're well-educated, professional jobs, earning good incomes – and single." Meet the Australian women who are freezing their eggs.
  
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• These Queenslanders' insurance premiums have gone through the roof, but they've never been flooded

  07-02-2023 21:02 via abc.net.au
  
  A range of factors are leading to increased premiums across flood-affected areas, as insurers attempt to offset $5 billion in losses from the 2022 east-coast flood disaster and mitigate future disaster risk.
  
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• Michael's Brisbane home didn't flood last year, but his insurance premium tripled

  07-02-2023 21:02 via abc.net.au
  
  A range of factors are leading to increased premiums across flood-affected areas, as insurers attempt to offset $5 billion in losses from the 2022 east-coast flood disaster and mitigate future disaster risk.
  
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• This rural health worker wants to stay in remote Queensland but cannot find a rental

  07-02-2023 20:47 via abc.net.au
  
  Registered nurse Colleen Clark has been searching for a new rental in Theodore since April last year without success, an experience that has left her feeling "hopeless and undervalued" despite rural health workers being in high demand.
  
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• Colleen is desperately needed in this rural town, but she can’t find anywhere to stay

  07-02-2023 20:47 via abc.net.au
  
  Registered nurse Colleen Clark has been searching for a new rental in Theodore since April last year without success, an experience that has left her feeling "hopeless and undervalued" despite rural health workers being in high demand.
  
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• Almond growers choose safety in numbers to ward off economic worries

  07-02-2023 20:45 via abc.net.au
  
  An almond-growing cooperative has completed a multi-million-dollar expansion, while its business model is being rediscovered by other farmers in the country amid uncertain conditions for primary producers.
  
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• Elder who paid $14k to allegedly fake Aboriginal company urges more protection for victims

  07-02-2023 20:23 via abc.net.au
  
  Dubbo elder Maxwell Wiseman thought he was protecting his family when he took out funeral insurance. Instead, he lost thousands of dollars to a company accused of targeting vulnerable people.
  
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• Phillip is getting his parents off gas as prices surge, but it's not so easy for big manufacturers

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
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• 'Most businesses can't survive': How the gas squeeze threatens the future of manufacturing

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
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• 'Heroes or villain': Will the big gas companies play ball with Australian manufacturers?

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
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• Gas producers accused of bullying and price gouging, despite federal government intervention to cap prices

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
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• Plans to wean one state off coal coming under increasing pressure from across the energy divide

  07-02-2023 19:40 via abc.net.au
  
  As Western Australia pushes to exit the coal game within seven years, there are warnings the state's main power system may not be able to cope with the move.
  
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• As one state pushes for the coal exit, there are warnings from across the energy divide

  07-02-2023 19:40 via abc.net.au
  
  Plans to wean WA off coal by 2030 are coming under increasing pressure from across the energy divide amid claims the state's main power system may not be able to cope.
  
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• Swiss neutrality on the line as arms-for-Ukraine debate heats up

  07-02-2023 13:03 via abc.net.au
  
  Switzerland is close to breaking with centuries of tradition as a neutral state, as a pro-Ukraine shift in the public and political mood puts pressure on the government to end a ban on exports of Swiss weapons to war zones.
  
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• Critics claim proposed gold mine would risk food security, planning panel told

  07-02-2023 09:58 via abc.net.au
  
  A proposed gold mine in New South Wales jeopardises Australia's largest bee keeping facility, an independent planning panel has heard. 
  
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• Record profits for BP as Russia's war in Ukraine boost oil and gas prices

  07-02-2023 09:42 via abc.net.au
  
  As BP announces annnual earnings of $40 billion, there are growing calls for the UK government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.
  
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• Chardonnay beats shiraz for top export drop for Aussie wineries

  07-02-2023 08:26 via abc.net.au
  
  With the world awash with wine, grape growers are nervous about what the 2023 vintage will mean.
  
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• WA premier says parents must 'take responsibility' as Geraldton store imposes curfew to curb youth crime

  07-02-2023 07:16 via abc.net.au
  
  Premier McGowan says he sympathises with a Midwest business losing thousands of dollars a year to youth shoplifting, and that parents must take responsibility for 'managing their children'. 
  
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• Point Bonython workers continue strike action in pay dispute with Santos

  07-02-2023 05:40 via abc.net.au
  
  Workers at Santos' Point Bonython port, near Whyalla, are continuing strike action that started in late 2022, with the union demanding a 5 per cent pay rise, or a rise that matches CPI.
  
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• Domestic gas supply at risk, says union, as port workers' months-long strike rolls on

  07-02-2023 05:40 via abc.net.au
  
  Workers at Santos' Point Bonython port, near Whyalla, are continuing strike action that started in late 2022, with the union demanding a 5 per cent pay rise, or a rise that matches CPI.
  
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• How much extra could your mortgage repayments be, now the cash rate is 3.35 per cent?

  07-02-2023 04:40 via abc.net.au
  
  Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan. 
  
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• This family was delighted to buy a home and renovate it, but now their mortgage payments have doubled

  07-02-2023 04:35 via abc.net.au
  
  When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable.  Fast forward less than two years and things are looking very different.
  
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• Reserve Bank raises interest rates to 3.35 per cent, 'expects further increases will be needed'

  07-02-2023 04:30 via abc.net.au
  
  The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.
  
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• Reserve Bank raises interest rates by a quarter of a percentage point

  07-02-2023 04:30 via abc.net.au
  
  The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.
  
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• 'Great anxiety' as interest rates rise to 3.35 per cent with RBA flagging more rises to come

  07-02-2023 04:30 via abc.net.au
  
  The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.
  
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• 'Great anxiety' as interest rates climb to 3.35 per cent, with RBA flagging more rises to come

  07-02-2023 04:30 via abc.net.au
  
  The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.
  
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• Australia's last ream of white office paper could roll off production lines, if this paper mill line closes

  07-02-2023 04:17 via abc.net.au
  
  Australia's sole office paper manufacturing could cease operations if its foreign owners decide to permanently shut its Latrobe Valley white paper mill line. Tomorrow's decision could affect up to 200 workers and comes after a halt in operations in native timber logging in Victoria.
  
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• Australia's last ream of white office paper could have rolled off production lines, if this paper mill line permanently shuts

  07-02-2023 04:17 via abc.net.au
  
  Australia's sole office paper manufacturing could cease operations if its foreign owners decide to permanently shut its Latrobe Valley white paper mill line. Tomorrow's decision could affect up to 200 workers and comes after a halt in operations in native timber logging in Victoria.
  
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• Live: Reserve Bank tipped to announce first interest rates rise of 2023

  07-02-2023 04:01 via abc.net.au
  
  The Reserve Bank is widely expected to lift interest rates by another quarter of a percentage point, making it nine increases in a row. Follow live.
  
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• Live: RBA warns 'further increases in interest rates will be needed' in months ahead

  07-02-2023 04:01 via abc.net.au
  
  The RBA lifts interest rates by another quarter of a percentage point, making it nine increases in a row. Follow live.
  
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• Live: Philip Lowe says RBA will 'do what is necessary' to curb inflation as cash rate reaches decade-level high

  07-02-2023 04:01 via abc.net.au
  
  The RBA lifts interest rates by another quarter of a percentage point, making it nine increases in a row. Follow live.
  
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• Live: ANZ becomes first big bank to pass on RBA's latest interest rate hike

  07-02-2023 04:01 via abc.net.au
  
  The RBA lifts interest rates by another quarter of a percentage point, making it nine increases in a row. Follow live.
  
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• ANZ becomes first big bank to pass on RBA's latest interest rate hike — as it happened

  07-02-2023 04:01 via abc.net.au
  
  The Reserve Bank lifts interest rates by another quarter of a percentage point, with ANZ becoming the first bank to pass on the increase to its customers.
  
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• NSW mining royalty rate freeze to give coal producers 'certainty' after price cap, government says

  07-02-2023 03:03 via abc.net.au
  
  NSW Deputy Premier Paul Toole refuses to say how much revenue the state will lose from the mining royalty rate freeze but says he's "confident" the announcement will not affect the budget.
  
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• Mutton price to falls below $3/kg, due to increasing numbers of older sheep

  07-02-2023 02:21 via abc.net.au
  
  After a terrible drought, Australia's sheep producers have rebuilt the flock, but now mutton prices are tumbling.
  
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• Mutton price falls below $3/kg as saleyards fill with older sheep

  07-02-2023 02:21 via abc.net.au
  
  After a terrible drought, Australia's sheep producers have rebuilt the flock, but now mutton prices are tumbling.
  
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• Australians avoid this meat, but export markets are hungry for more as prices fall

  07-02-2023 02:21 via abc.net.au
  
  For the first time since 2016, mutton prices to producers have dropped below $3 a kilogram, but demand from China and the United States is strong. 
  
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• Protests erupt in India over ongoing Adani Group crisis as losses top $159b

  07-02-2023 00:41 via abc.net.au
  
  Billionaire Gautam Adani's companies have been in freefall since last month, with India's opposition party questioning his closeness with Prime Minister Narendra Modi. 
  
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• Warrnambool introduces $400 fee on short-stay accommodation providers

  07-02-2023 00:21 via abc.net.au
  
  The council in south-west Victoria is introducing an annual fee and restrictions on the use of outdoor pools, decks and balconies in a bid to regulate the short-term accommodation sector.
  
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