Treasurer Jim Chalmers gave the tax office a $90milllion funding boost in the Budget so it could have more resources to crack down on Australians putting in their tax claims.
AMP chief economist Shane Oliver says the Reserve Bank risks pushing Australia into recession with another rate rise and argues monetary policy will have to be eased by December.
Treasurer Jim Chalmers has suggested the level of immigration is not something the government determines when asked how 700,000 new arrivals can be accommodated in just two years.
Australians on below-average salaries are getting back $875 when new tax cuts come into effect in July 2024. The stage three tax relief will coincide with inflation easing next year.
“We are going to have a sales contest this month. The winners will get to enter next month’s contest.” Hardy har har, right? (Note: watch Glengarry Glen Ross.) As rumors swirl, and you know what they say about rumors, about the FHFA rescinding recent changes to its loan level price adjustment matrix this afternoon, I received this note. “Hey Rob, do you think that the CFPB is wise to some lenders switching referral sources to switch commission structures? Like where a loan comes in off the street, and a price is quoted with 1.25 for the LO, and client balks, so then the loan is referred in-house and the LOs commission knocked down to .50 to keep the deal?” Yes, I have heard that they are and the CFPB is probably aware of those kinds of things too, but you should check with your lawyer or compliance department to see if that runs afoul of LO comp rules. Whether the original street LO receives zero commission when a loan goes to the in-house team/call c