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Credit Intelligence (CI1) News

Latest articles and price-sensitive announcements with AI sentiment classification.

Kalkine
Negative
5 Oct

Why Is the ATO Ending Credit Card Payments, and Is the Ban Fair?

Highlights Tax Commissioner Rob Heferen says merchant fees would otherwise be paid by every taxpayer. The Opposition, crossbench and business groups want the ATO to rethink its November cut-off. Card payers need to arrange other payment options before the deadline. Tax Commissioner Rob Heferen has defended the Australian Taxation Office's decision to stop accepting credit cards after late November, telling staff the agency cannot keep absorbing merchant fees that are ultimately paid for by al...

Kalkine
Negative
5 Oct

Why Has Landlord Credit Growth Slumped Since the Budget?

Highlights Monthly growth in landlord housing credit has slumped, according to Westpac. Westpac points to the Budget's negative gearing and CGT changes as the main catalyst. Total housing credit growth also eased in August. Landlords are borrowing at the slowest pace this year. The bank's economists see the Budget's landlord tax changes as the likely trigger, with rising interest rates now adding pressure. For readers following Kalkine Media's Personal Finance coverage, the change adds a fres...