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We took out insurance. Maybe we took out too much but in the time that we faced and the decisions that we had to take, I think was the right thing to do.

“World Elder Abuse Awareness Day provides a platform for our Federal and State Attorneys-General here in Australia to commit to a timeline to deliver reforms that will help protect older Australians from financial abuse.

Net profit after tax (year-end) $38.3 billion (up+30.3%)

Lending to agricultural businesses reached a record high of $93 billion credit outstanding in 2021, a growth of $8.4 billion from $84.6 billion in August 2020.

RBA lifts cash rate by 0.5%; BNPL & Crypto to be regulated; ABA Agribusiness Report 2022 shows record lending

A third of SME’s reported they experienced energy hardship; a third of small businesses have delayed paying their energy bills

72k scams so far for 2022, 12% with financial loss – $204 million lost in total. Mobile Apps average $28K per scam (7x the number2021)

The new financial services minister, Stephen Jones, says the Albanese government will push ahead with plans to bring buy now, pay later (BNPL) operators such as Zip and Afterpay under credit laws, in a further blow to the embattled sector.

“Just over two years after COVID-19 caused the deepest global recession since World War II, the world economy is again in danger. This time it is facing high inflation and slow growth at the same time. Even if a global recession is averted, the pain of stagflation could persist for several years— unless major supply increases are set in motion.”

International Central Bank Rates currently range from -0.75% (Switzerland) to 14% (Turkey).

At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points.

The new payment feature is called Apple Pay Later and, like the Apple credit card, is limited to the United States.