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  1. Consumers ‘taking back control’ of finances, Amex finds

    Respondents also said they would make more sustainable lifestyle choices – 55 per cent said they would reduce their use of plastic or single-use product and 53 per cent would seek out brands when travelling that offset their carbon emissions. American...

  2. Consumer spending bounces back after troubling year-end

    spending rose by one per cent in January or 4.7 per cent over the year leading. The gains make up for a troubling December last year, which saw overall consumer spending drop by 0.9 per cent. These and other results were unearthed in NAB’s latest...

    • Type: Article
    • Author: Nick Wilson
    • Category: Business

  3. Consumer sentiment plunges to recession levels

    spending, Westpac index shows, as inflation, rates and energy prices hit home. Consumer sentiment plunged almost 7 per cent last week to hit recession levels and presages a grim Christmas with 40 per cent of consumers looking to cut seasonal spending....

  4. Consumer sentiment plummets in NSW as other states stand firm: Westpac

    out into other states, in contrast to similar conditions seen under similar lockdown conditions in Victoria through August last year. The Westpac-Melbourne Institute Index of Consumer Sentiment rose by 1.5 per cent to 108.8 in July, up from 107.2 in...

  5. Consumer sentiment 'disappointing'

    “The initial response to a Budget can sometimes be an overreaction that reverses in following months. For example, last year’s Budget showed a similar immediate reaction with the index falling seven per cent in May, with sentiment regaining more than...

  6. Consumer pullback fuels record insolvency wave: CreditorWatch

    Risk Index found a 38 per cent average increase in insolvencies in the year to May. The rate was up 34 per cent from last year and 41 per cent above its pre-pandemic maximum. CreditorWatch CEO Patrick Coghlan said interest rate hikes and stubbornly high...

  7. Consumer confidence plunges to recession levels

    Westpac-Melbourne Institute February survey shows. Consumer sentiment has fallen sharply to recession levels in the wake of last week’s rate rise with mortgage holders especially bleak about finances this year, according to the latest Westpac-Melbourne...

  8. Consulting inquiry grills KPMG over cultural practices

    document with a colour-coded diagram of a government department’s senior organisational structure. Following the hearing last year, Mr Yates was asked to review his answers and responses to questions on notice following the hearing. KPMG was also asked...

  9. Consultant boom threatens accounting sector, expert says

    head of data analytics Julia Thomson told accountants at Accountants Daily's Accounting Conference & Exhibition in Sydney last week. She said there had also been an increase in the need for advisory work – a market traditionally dominated by accounting...

  10. Construction companies account for 30% of insolvencies

    this year to fold, filing for bankruptcy and owing about $7 million to creditors, following crises at ProBuild and Metricon last year. BDO said the construction industry employed more people than any other in Australia and generated more than $360...

  11. Consistent outcomes critical for building trust in tax system, says IGTO

    managing the request rather than the merits of the case, even when the facts are identical," CPA said in a submission last year. The IFPA said its members were concerned that the criteria for getting interest remitted "seemed very opaque and...

  12. Consider sole traders and contractors, says ASBFEO

    written to the Prime Minister to call for support for the nation’s 1.4 million sole traders during the coronavirus downturn. Last week, the federal government announced a fiscal stimulus package aimed at supporting the Australian economy in the downturn...

  13. Consider 25-year loans amid Div 7A uncertainty, says law firm

    yearly loan repayments to alleviate the cost of Division 7A loans during the COVID-19 crisis period. The ATO indicated last month that the commissioner “will soon be issuing further guidance”, but no timeline has been provided yet.

  14. Confidence is returning but don't expect a big salary raise

    we are already seeing instances of salary pressure for skills in demand. Salaries were also stable in professional practice last year, with a number of firms giving the minimal annual increase. Candidate movement was seen in the big four and second tier...

  15. Concerns raised with ATO’s approach to section 109U

    a private company guarantee is provided in respect of a back-to-back loan arrangement (originating from a bank) with the last leg being a Division 7A complying loan to a shareholder/associate."

  16. Concerns fester over auditor disciplinary board, government reappoints chair

    years 2009-10 and 2011-12. Accordingly, a report by the Parliamentary Joint Committee on Corporations and Financial Services last year raised concerns “about the efficiency and effectiveness of CADB being such a small body, with such a small and...

  17. Concern about regulatory change doubles for CFOs

    Concerns over the impact of further regulatory changes have more than doubled amongst chief financial officers in the last year, despite steady optimism in the financial prospects of their companies. Deloitte’s latest CFO Sentiment report found that 63...

  18. Complaints to AFCA rise 23% to hit record, scam issues double

    The financial complaints body handled more than 100,000 issues last year and says increases have become “unsustainable”. Complaints to AFCA jumped 23 per cent last year led by a huge increase in disputes over personal transaction accounts along with a...

  19. Company insolvencies climb to 14,152 for FY2025–26

    with only 3,031 companies using restructuring. Despite the pressures from rising energy costs and interest rates in the last quarter of 2025–26, insolvency rates for the fourth quarter were actually down by around 8 per cent compared with the same...

  20. Company failures on track to reach 12-year high: ASIC

    financial year. ASIC recorded 7,742 company failures in the past nine months, over a one-third increase on the same period last year, according to insolvency data published yesterday. “With only one quarter remaining this financial year, it’s expected...

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