Wed, 24th Apr 2024

This episode of the Weekly Finance News Wrap discusses crucial financial matters. Australians are reminded of the October 31st ATO tax deadline, with potential hefty fines for non-compliance. An upcoming CPI update could significantly influence the Reserve Bank's monetary policy as data shows a decrease in annual inflation to 4.1%. Rising concerns in education over a predicted 16% increase in student loan debt under the Labor government highlight the need for urgent policy reform to handle these financial challenges. ANZ Bank's move towards digital transformation is displayed in their decision to stop issuing cheque books from June 16th, due to a 90% decrease in usage over the last decade, reinforcing the larger adoption of digital banking.