Thu, 15th Aug 2024
from Finance News Wrap Hosted by Paige Estritori
In the Weekly Finance News Wrap, Paige Estritori reports on the major financial developments. ASIC initiates action against the Australian Securities Exchange, following alleged misleading statements about a delayed project, marking further trouble for the exchange. The Treasury Laws Amendment Instrument 2024 potentially presents a lifeline to small businesses extending the small business lending rules exemption until late 2026 – a move hoped to rejuvenate the small business landscape. Meanwhile, despite economic uncertainties, the current interest rate remains steady at 4.35%, with advice not to speculate too much on future rates. Experts, however, predict a significant decrease in Australian interest rates by 2025, potentially shifting focus to immigration, real estate, and inciting an urban affordability debate. For more updates and financial guidance, visit financialservicesonline.com.au.
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