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News
Treasury appoints new tax boss to steer budget changes
12+ hour, 42+ min ago (67+ words) AFR Treasury has appointed deputy secretary Katrina Di Marco as its new tax boss, as Jim Chalmers tries to iron out changes to capital gains tax and trusts announced in the May federal budget. Di Marco will succeed outgoing deputy…...
Lenders start selling Bathla properties; Sayers sends lawyer to apologise to wife; Housing won’t go back to ‘normal’ in a world on fire
3+ day, 5+ hour ago (69+ words) AFR In today’s news, lenders start selling Bathla properties, Luke Sayers sends a lawyer to apologise after settling a dispute with his estranged wife, and it looks like housing won’t go back to “normal”. Gift 5 articles to anyone you choose…...
Lenders such as 360 Capital start selling Bathla properties
3+ day, 6+ hour ago (51+ words) AFR Fund manager 360 Capital has engaged real estate agents to start selling some of the properties over which it has security that were built by Bathla, the collapsed western Sydney developer, as a number of financiers move to limit potential…...
Rixon Capital gets caught in Aspire42 collapse, writes loan to zero
4+ day, 1+ hour ago (62+ words) AFR The reverberations from the collapse of the Gold Coast-based mini-conglomerate behind marketplace Local Expert and consumer finance plays such as WalletPay, are continuing, with Sydney private credit firm Rixon Capital telling investors it had written a $15 million loan down…...
Equity Trustees broke its own rules on problematic First Guardian fund
4+ day, 1+ hour ago (92+ words) AFR ASX-listed Equity Trustees incorrectly categorised the First Guardian scheme, leading the firm to make it available for investment on its wealth management platform, without board approval, and in breach of its rules for managed funds with high exposure to…...
Queensland faces imminent credit rating downgrade amid bond market turmoil
4+ day, 2+ hour ago (73+ words) AFR Queensland is bracing for a credit rating downgrade, possibly as early as Friday, as the federal Labor government prepares to thwart claims that a hit to property stamp duty from federal budget tax changes or GST revenue is to…...
Australian dollar: Currency hits four-month high following hawkish inflation warnings from Reserve Bank of Australia officials
5+ day, 5+ hour ago (107+ words) A hawkish RBA pushes Aussie dollar to four-month high AFR A fresh inflation warning from top officials at the Reserve Bank of Australia has pushed the local dollar to a four-month high against the greenback even amid an escalation of…...
Serge Golman: Federal Court freezes $23.7 million in assets belonging to Sydney construction manager over unpaid taxes
5+ day, 11+ hour ago (90+ words) Construction boss has $24m in assets frozen in chase for unpaid taxes AFR A Sydney eastern suburbs man managing a major construction subcontractor engaged on government jobs has had tens of millions of dollars of assets frozen over allegedly unpaid taxes....
Bob Ell’s property giant takes control of major Bathla projects
5+ day, 8+ hour ago (101+ words) afr.com Bob Ell, the billionaire property magnate who has emerged as one of Bathla’s largest lenders, is taking control of several projects, joining a growing number of credit providers who are shunning administrators’ efforts to keep the failed developer…...
New digital taxes and algorithm laws could spark Australian trade dispute with the Trump administration
5+ day, 14+ hour ago (122+ words) White House, lobbyists warn Albanese on tech crackdown afr.com Washington | A powerful American software lobby group has urged Australia to overturn its newest tax hit on digital giants, warning it may turn off foreign investors, as the Albanese government’s…...