Thu, 5th Sep 2024

In this episode of the Weekly Finance News Wrap with Paige Estritori, the focus is on the integrity of the first-home buyer benefits program in New South Wales. The program has been closely scrutinized resulting in $9 million reclaimed from dishonest applicants. Concurrently, a crackdown on a stamp duty relief scheme misuse has recovered an additional $9 million. Shifting to the retail sector, potential challenges loom over the holiday season amidst cost of living crisis, although there's optimism for an economic recovery by 2025 to 2026. Lastly, financial institutions are preparing for a parliamentary inquiry on their transparency and scam mitigation efforts in response to Australians losing $2.7 billion to scams last year. Stay informed by tuning in for updates on Commonwealth Bank, Westpac, National Australia Bank, and ANZ in upcoming sessions.