Credit Score

In Australia, only a very specific list of businesses and lenders can access your credit report - and they must only do so for specific reasons.

Eden Radford -

15 Mar, 2024 -

2 min read

Credit Score

Having bad credit may make applying for loans and credit cards feel impossible. But it is possible to recover from a bad credit score, though the length of time it will take may vary. Checking your credit report is often a good start, as is demonstrating your financial responsibility.

Mark Bristow -

28 Feb, 2024 -

4 min read

Credit Score

With increased awareness of the threat of cyberattacks, it’s easy to feel concerned about the safety of your personal information. Criminals with access to your details could steal your identity, fraudulently run up debts in your name, and ruin your credit score, making accessing money and credit in the future much harder.

Mark Bristow -

21 Oct, 2023 -

5 min read

Credit Cards

Fraud on payment cards is returning to pre-pandemic levels, with authorities and police warning Australians to be vigilant against scammers over the Christmas and New Year holidays.

Mark Bristow -

22 Dec, 2023 -

3 min read

Credit Cards

The spread of the NBN is producing a dark side – the spread of NBN scams. Reported losses from NBN scams in 2019 are already higher than all of last year.

Nick Bendel -

17 Jun, 2019 -

3 min read

Credit Cards

While thieves did rip off more Australians and their cards, new research shows they are now stealing far less.

Laine Gordon -

07 Jun, 2013 -

3 min read

Bank Accounts

Australia’s banking industry is stepping up its war on scams and fraud, launching a new Scam-Safe Accord intended to put scammers out of business in Australia. 

Mark Bristow -

24 Nov, 2023 -

3 min read

Bank Accounts

It’s too early for tax time, but criminals aren’t going to let that stop them, as scammers take to SMS to convince you they’re from the tax office.

Nick Bendel -

10 Feb, 2019 -

2 min read

Bank Accounts

Almost one third of Australians have been hit by a financial scam, new RateCity research shows. Scams included credit card hacks, identity theft and people who had been tricked into handing over money.

Laine Gordon -

22 Apr, 2021 -

4 min read

Superannuation

Some of the money lost from dipping into superannuation early as a response to COVID-19 will be offset by higher pension payments, research by a non-partisan think tank suggests.

Tony Ibrahim -

11 Aug, 2020 -

4 min read

Superannuation

The Australian Taxation Office is cracking down on workers who have made fraudulent applications to dip into their superannuation.

Alison Cheung -

27 Jun, 2020 -

3 min read

Superannuation

People who successfully apply for early access to their superannuation will ��_receive funds sooner��_, under a change made by the federal government. From 1 July, the Australian Taxation Office (ATO) will oversee the early release of superannuation benefits on compassionate grounds.

Nick Bendel -

13 Jun, 2018 -

2 min read

Home Loans

Mr Najam Shah has been sentenced to five-years��_ jail after pleading guilty to one charge of conspiring to defraud financial institutions in Australia's biggest ever home loan scam.

Alex Ritchie -

10 Oct, 2017 -

2 min read

Home Loans

If you’ve ever stretched the truth on a loan application in order to look better for a bank, your chances of loan approval may be shrinking, thanks to a tool used to detect “liar loans” from a new startup.

Mark Bristow -

22 Feb, 2022 -

2 min read

Home Loans

Commonwealth Bank has unveiled a bumper profit of almost $10 billion, while also revealing steps it had taken to combat money laundering.

Nick Bendel -

09 Aug, 2017 -

3 min read

Investment Funds

Australia’s financial services regulator has warned people to avoid “scammers” connected to Luxembourg Offshore Banking, also known as LUXOSB Limited.

Nick Bendel -

30 Dec, 2018 -

2 min read

Savings Accounts

The Australian Taxation Office has warned people to be careful about sharing their personal details, with scammers likely to be active during tax season.

Nick Bendel -

05 Jun, 2017 -

2 min read

Savings Accounts

The head of the Australian Taxation Office has warned consumers that unjustified deductions are ��_well and truly in our sights��_.

Nick Bendel -

06 Jul, 2017 -

2 min read

Savings Accounts

The authorities are working with retailers to help prevent a scam in which consumers are cajoled to buy gift cards to pay fake tax debts.

Nick Bendel -

12 Oct, 2017 -

3 min read

Cryptocurrency

Intense volatility, reluctant real-world adoption and more has pushed consumer advocates to petition the newly-elected federal government to assess and identify ways to regulate cryptocurrency markets.

Peter Terlato -

21 Jul, 2022 -

4 min read

Cryptocurrency

Stakeholder consultations are underway to help establish a regulatory framework for the ever-developing crypto industry. A public consultation paper will be released soon.

Peter Terlato -

23 Aug, 2022 -

3 min read

Cryptocurrency

Altcoins aim to offer investors a unique store of value or establish some sort of online or real-world application. There is a strong appetite for alternative technology projects but with any cryptocurrency investment there is an inherent risk of failure and collapse. You can mitigate your risks by doing your research and learning more about this growing industry.

Peter Terlato -

21 Sep, 2022 -

6 min read

Car Loans

Australia��_s financial services regulator has targeted ANZ, Allianz, Suncorp and National Warranty Company for questionable car loan, insurance and warranty practices.

Nick Bendel -

19 Jan, 2018 -

4 min read