Thu, 15th Aug 2024

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.