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What You Need to Know About the 2019 Federal Budget

On the 2 April 2019, the Australian Government handed down the 2019-20 Federal Budget. We’ve put together a summary of the key takeaways on how the budget will affect you.

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Topics: News, Personal Debt

Mortgage Stress Rises as Household Debt Grows

Due to increasing household debt levels and low wage growth, mortgage defaults and delinquencies are expected to rise.

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Topics: Debt Consolidation, Mortgage Refinancing, Debt News, Personal Debt

The Royal Commission’s Final Report Set to Transform the Mortgage Broker Industry

With the Royal Commission’s final report now submitted, the way mortgage brokers are paid will change forever. Here's why.

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Topics: Home Loans, Personal Debt

Bankruptcy Income Contributions

Entering bankruptcy does not normally prevent you from working. However, when you earn as a bankrupt, you may be required to pay income contributions towards your bankrupt estate. Whether you pay, and how much you pay, depends on your income.

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Topics: Bankruptcy, Personal Debt

ASIC Review of Buy-Now-Pay-Later Arrangements: Will You Be Affected?

Buy-now-pay-later services are the increasingly popular way for Australians to purchase products without paying the full amount upfront. AISC recently investigated the industry and has released a plan to review current buy-now-pay-later services.

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Topics: News, Personal Debt