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Australian Securities and Investments Commission

Another Aussie builder folds owing millions

Home builder Simsai Construction has gone into liquidation after a dispute with the Australian Taxation Office over debts nearing $4.5 million, it has been reported. The Perth-based company was working on approximately 100 houses when the…

Startling proof Australia is totally stuffed

Just about everywhere you look, there are worsening signs that Australia is no longer the lucky country.From record-high rents to skyrocketing mortgages, a cost-of-living crisis to the alarming emergence of a ‘working poor’ population, the…

Grim future of Porter Davis revealed

The liquidator of failed home builder Porter Davis has shed light on the bust company’s fate, saying there’s no “holistic” approach to saving the entire group. Matt Byrnes, the national head of restructuring advisory at Grant Thornton – the…

How much super should you have?

As the debate over the future and purpose of Australia’s superannuation system continues to heat up, the federal government has signalled its intention to explore changes to the program.The Superannuation Guarantee, introduced in 1992 by…

Mining boss loses $35b in bloodbath

Indian mining magnate Gautam Adani has slipped out of the top 10 of the world’s richest people after a horror few days for his company. In the past week, Mr Adani has watched on as his empire plunged by more than $US70 billion ($A99…

‘Weaponisation’: $12k drained from account

Seeing $12,000 drained from their account, maxing out credit cards to create an “embarrassing” situation when they are declined and almost losing their homes are some of the ways women in Australia have been subject to financial abuse by…