Rock solid on CDO treatment

The Rock Building Society said it expects its 2009 net profit to be in line with last year's profit of between $4.2 million and $4.4 million, the Rockhampton-based deposit-taker said in an update publ.. read more

Business tax debt rising

One alternative and on-demand source of debt finance for businesses is the Australian Taxation Office, with deferral of avoidance of liabilities to the ATO one way of buying time to repair the otherwi.. read more

Tax taking credit card payments

A long-held aspiration of banks and credit card providers is to entice government to accept their payment cards as one way to make taxation payments, and the industry may soon be about to get its way. read more

Banking and wealth options for NAB

National Australia Bank may shortly have to choose whether its acquisition priorities in Australia lie in the field of wealth insurance and thus press on with an offer for Aviva, or in banking, in whi.. read more

Household debt manageable for most

The typical debt burden of Australian households probably was not all that onerous, at least back in 2006, a detailed analysis of household income and spending shows. read more

Nanny RBA on alert

One reason the Reserve Bank of Australia is hesitant to reduce the cash rate at present is that businesses and households might take a liking to the lower rates and borrow money. read more

Business interest rates higher overall

More business borrowers, whether large or small, report that they've had to pay higher interest rates on loans in recent months than when asked the corresponding question six to 12 months ago. read more

Business breakdown no more common

Business insolvencies are an increasingly frequent item in the daily noise of media reporting, or so it would seem, but official data on the incidence of business breakdown suggests any increase has p.. read more