Latest Australian CPA News

Australians in financial strife on the rise with bankruptcies up 6pc in 2017 – ABC Online - January 30, 2018

ABC Online Australians in financial strife on the rise with bankruptcies up 6pc in 2017 ABC Online The number of Australians "going under" financially accelerated last year, with personal bankruptcies up 6.1 per cent over the year. Key points: Bankruptcies rose for the 3rd consecutive year in 2017; .

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More West Aussies forced to file for bankruptcy – The West Australian - January 30, 2018

The West Australian More West Aussies forced to file for bankruptcy The West Australian Debt agreements lifted sharply after the GFC as unemployment increased and homebuyers with big mortgages found themselves financially exposed. Unemployment has edged down, with 400,000 jobs over the past year cre.

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More West Aussies forced to file for bankruptcy | The West Australian – The West Australian - January 30, 2018

The West Australian More West Aussies forced to file for bankruptcy | The West Australian The West Australian The combination of flatlining wages and big mortgages is driving up the number of people filing for bankruptcy. and more ».

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Household debt in Australia hits 200%: UBS – Canstar - January 30, 2018

Canstar Household debt in Australia hits 200%: UBS Canstar A report last year showed that household debt had doubled in Australia since 2003, and according to AMP Capital's Senior Economist Diana Mousina, younger generations are bearing the burden the most. “The majority of household debt is .

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Firm accused of helping businesses dodge creditors, tax office, goes into liquidation – ABC Online - January 30, 2018

ABC Online Firm accused of helping businesses dodge creditors, tax office, goes into liquidation ABC Online The firm, Melbourne-based SMEs R Us, was one of a number of "pre-insolvency advisers" identified by the ABC last year as facilitating the practice of "phoenixing", whereby cash and assets are .

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National furniture chain falls into voluntary administration – The South Burnett Times - January 30, 2018

The South Burnett Times National furniture chain falls into voluntary administration The South Burnett Times THE company overseeing The Outdoor Furniture Specialists chain has gone into administration amid increasingly tough times for the retail sector. The Brisbane-based company is the head franchi.

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