Tag: economy
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Auditors savage ‘not efficient’ work in Treasury black financial system crackdown
The federal Treasury has come underneath hearth for its position in a $921 million crackdown on the black financial system, with a scathing audit workplace report exposing a litany of primary governance failures. In findings launched this week, the Australian Nationwide Audit Workplace (ANAO) savaged the Treasury over a 2018 plan to claw again billions…
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Financial system perks added on lengthy Qantas flights
Reside Additional leg room and a wellness zone are among the many perks being provided to Qantas financial system passengers on flights lasting 22 hours. The options are key to the airline’s pitch to passengers contemplating flying direct from Sydney to London or New York, saying it’s going to reduce down journey time by about…
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Financial system slows to a crawl as customers reduce spending
Australia’s economic system is slowing quickly as households slash spending and raid financial savings to beat the cost-of-living disaster, in accordance with new development knowledge that would depart the RBA “nervous”. Official figures revealed on Wednesday revealed the nation suffered a torrid begin to 2023, with gross home product (GDP) rising simply 0.2 – the…