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Reserve Bank of Australia had a Cup Day surprise in store for the country, announcing it was abandoning its policy of “yield curve control”, meaning it was no longer going to defend any particular interest rate for borrowing over any particular duration. Until then it had a formal target for the three-year bond yield of… Read more »
What are ETFs, and why does this matter to the value of cryptocurrency? The Bitcoin bulls are racing again. A year ago the cryptocurrency was valued at less than US$12,000. Now it has passed the symbolic milestone of US$60,000, nudging the US$63,255 record it reached in mid-April, before its price fell to as low as… Read more »
If you live together and you split, your ex could file a legal claim for up to half your superannuation. Even if you’re not married. Moving in together is an exciting time for people in relationships. Likely the last thing on your mind is what might happen in the event of a breakup. But it’s… Read more »
Evidence suggests that our energy bills are significantly higher than they should be. And that’s because the Australian Energy Regulator is sleeping on the job. If you’re like most Australians, the single biggest chunk of your energy bill — about 40% — goes to a network services company, which owns and operates the transmission lines… Read more »
The Australian economy is doing well despite Delta, but 3 major economic challenges loom: housing affordability, the tax mix, and decarbonisation. This week the Organisation for Economic Co-operation and Development published its first Economic Survey of Australia since 2018. It gives Australia good marks for a remarkably good economic response to the COVID pandemic, but… Read more »
Based on their published policies, there is no major online marketplace operating in Australia that sets a commendable standard for respecting consumers’ data privacy. I spent last week studying the 26,000 words of privacy terms published by eBay and Amazon, trying to extract some straight answers, and comparing them to the privacy terms of other… Read more »
There’s a revolution under way in commerce. Within five years, consumer data rights will have transformed competition and simplified the way we live. Yet most of us know little about it, or think it’s restricted to banking. It’s the brainchild of former Productivity Commission chief Peter Harris and Scott Morrison when he was treasurer. The Productivity… Read more »
New research undertaken for this week’s National Summit on Women’s Safety finds violence and unwanted sexual activity are far more common among young women experiencing financial hardship than women who are not. By Alice Campbell, The University of Queensland and Janeen Baxter, The University of Queensland It comes as the federal government has denied Australians… Read more »
Thirteen of Australia’s 80 closely-regulated MySuper superannuation funds have failed the APRA performance test. There’s a fair chance you are among the one million people in them. The results were made public on Tuesday and handed to the funds on Monday. From here on — for the people who run those funds — it’s about to… Read more »
With the prospect of a lengthier lockdown looming over Sydney, the idea of “living with the virus” has resurfaced. But it’s not something supported by most economists. by John Quiggin, The University of Queensland and Richard Holden, UNSW NSW’s health minister, Brad Hazzard, raised the prospect of abandoning the lockdown and accepting that “the virus… Read more »
