Venture capital drought threatens Australian economy

August 13th, 2015|

Never mind the looming El Nino. The Australian economy may have a bigger worry at the moment, a so-called venture capital drought.

Early stage businesses in Australia are being starved of funding, causing some to either list on the stock market earlier than they should, or head overseas in search of more willing investors.

“I think the […]

The companies set to take billions off the banks

August 11th, 2015|

IF YOU had to redesign finance from the ground up for the 21st century, you wouldn’t start with a bank.

All over the world, traditional financial institutions are finding themselves under attack from smaller, nimbler technology companies.

A series of high-profile scandals since the global financial crisis have eroded public trust in the banks, paving the way […]

Australia takes first step toward Bitcoin as currency

August 4th, 2015|

In a positive sign for financial technology startups, a government inquiry has set the stage for the digital currency Bitcoin to be treated like regular money in Australia.

A Senate Economics References Committee review considering digital currencies in Australia has recommended they should be treated like any other currency for the purposes of the Goods and […]

Commodities crash could turn Australia into a new Greece

July 26th, 2015|

According to the UK newspaper, The Daily Telegraph, the commodities boom made Australia ‘the lucky country’ but rising debt and a slump in Chinese demand for resources signal tough times ahead Down Under.

Last month Gina Rinehart, Australia’s richest woman and matriarch of Perth’s Hancock mining dynasty delivered an unwelcome shock to her workers in Western […]

BANKS and building societies have condemned a bank deposits tax plan as a burden on ordinary Australians and retirees.

May 2nd, 2015|

TREASURER Joe Hockey is pressing ahead with a proposal for a 0.05 per cent levy on deposits of up to $250,000, even though he criticised the former Labor government when it floated the idea ahead of the last election.
A bank deposits insurance levy is likely to be unveiled in the May budget as part of […]