News

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In a significant move aimed at enhancing transparency and fairness in the Australian payments landscape, the Reserve Bank of Australia (RBA) has announced the removal of surcharging on debit, prepaid, and credit cards across designated eftpos, Mastercard, and Visa networks starting October 1. The decision, which also includes a reduction in the interchange cap, is expected to have wide-ranging implications for both businesses and consumers.

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• Yes

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In a significant move aimed at enhancing transparency and fairness in the Australian payments landscape, the Reserve Bank of Australia (RBA) has announced the removal of surcharging on debit, prepaid, and credit cards across designated eftpos, Mastercard, and Visa networks starting October 1. The decision, which also includes a reduction in the interchange cap, is expected to have wide-ranging implications for both businesses and consumers.

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In a significant move aimed at enhancing transparency and fairness in the Australian payments landscape, the Reserve Bank of Australia (RBA) has announced the removal of surcharging on debit, prepaid, and credit cards across designated eftpos, Mastercard, and Visa networks starting October 1. The decision, which also includes a reduction in the interchange cap, is expected to have wide-ranging implications for both businesses and consumers.

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As tensions in the Middle East escalate, Australia and South Korea are being called upon to strengthen their existing trade and investment ties to navigate the ongoing global fuel crisis. With Australia importing approximately 90% of its petrol, diesel, and aviation fuel, and South Korea standing as its largest supplier of refined petroleum products, the interdependent relationship between the two nations has never been more crucial.

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As tensions in the Middle East escalate, Australia and South Korea are being called upon to strengthen their existing trade and investment ties to navigate the ongoing global fuel crisis. With Australia importing approximately 90% of its petrol, diesel, and aviation fuel, and South Korea standing as its largest supplier of refined petroleum products, the interdependent relationship between the two nations has never been more crucial.

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As tensions in the Middle East escalate, Australia and South Korea are being called upon to strengthen their existing trade and investment ties to navigate the ongoing global fuel crisis. With Australia importing approximately 90% of its petrol, diesel, and aviation fuel, and South Korea standing as its largest supplier of refined petroleum products, the interdependent relationship between the two nations has never been more crucial.

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As Australia grapples with resurgent inflation and the Reserve Bank of Australia's (RBA) decision to resume interest rate hikes, the spotlight is once again on gold's strategic role in investment portfolios. The RBA's move to tighten monetary policy in February 2026, diverging from some of its global peers, has raised questions about optimal portfolio allocations for Australian investors. Amidst these economic shifts, gold emerges as a critical asset, offering both a hedge against macroeconomic uncertainties and a means of portfolio diversification.

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As Australia grapples with resurgent inflation and the Reserve Bank of Australia's (RBA) decision to resume interest rate hikes, the spotlight is once again on gold's strategic role in investment portfolios. The RBA's move to tighten monetary policy in February 2026, diverging from some of its global peers, has raised questions about optimal portfolio allocations for Australian investors. Amidst these economic shifts, gold emerges as a critical asset, offering both a hedge against macroeconomic uncertainties and a means of portfolio diversification.

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As Australia grapples with resurgent inflation and the Reserve Bank of Australia's (RBA) decision to resume interest rate hikes, the spotlight is once again on gold's strategic role in investment portfolios. The RBA's move to tighten monetary policy in February 2026, diverging from some of its global peers, has raised questions about optimal portfolio allocations for Australian investors. Amidst these economic shifts, gold emerges as a critical asset, offering both a hedge against macroeconomic uncertainties and a means of portfolio diversification.

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In a surprising turn of events, Australian small and medium-sized businesses (SMEs) are demonstrating resilience amidst economic uncertainties, showing a 6.8% increase in hiring year-on-year. This growth comes despite a series of interest rate hikes and a decline in consumer confidence, as revealed by the latest Employment Hero Jobs Report.

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In a surprising turn of events, Australian small and medium-sized businesses (SMEs) are demonstrating resilience amidst economic uncertainties, showing a 6.8% increase in hiring year-on-year. This growth comes despite a series of interest rate hikes and a decline in consumer confidence, as revealed by the latest Employment Hero Jobs Report.

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In a surprising turn of events, Australian small and medium-sized businesses (SMEs) are demonstrating resilience amidst economic uncertainties, showing a 6.8% increase in hiring year-on-year. This growth comes despite a series of interest rate hikes and a decline in consumer confidence, as revealed by the latest Employment Hero Jobs Report.

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Australia's inflation rate remains a pressing concern, with the latest Consumer Price Index (CPI) figures for February indicating that inflation continues to be "too high" for the Reserve Bank of Australia (RBA). The CPI annual inflation rate registered at 3.7% for the year to February, a marginal decrease from January’s 3.8% annual figure. This slight improvement, however, does little to alleviate the ongoing inflationary pressures that Australian households are grappling with.

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Australia's inflation rate remains a pressing concern, with the latest Consumer Price Index (CPI) figures for February indicating that inflation continues to be "too high" for the Reserve Bank of Australia (RBA). The CPI annual inflation rate registered at 3.7% for the year to February, a marginal decrease from January’s 3.8% annual figure. This slight improvement, however, does little to alleviate the ongoing inflationary pressures that Australian households are grappling with.

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Australia's inflation rate remains a pressing concern, with the latest Consumer Price Index (CPI) figures for February indicating that inflation continues to be "too high" for the Reserve Bank of Australia (RBA). The CPI annual inflation rate registered at 3.7% for the year to February, a marginal decrease from January’s 3.8% annual figure. This slight improvement, however, does little to alleviate the ongoing inflationary pressures that Australian households are grappling with.

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In a landscape marked by economic uncertainties, the latest inflation data has been met with cautious optimism by industry leaders. The inflation rate has edged down slightly to 3.7%, a development that has prompted a nuanced response from business sectors. Despite this slight dip, Ben Thompson, CEO of Employment Hero, warns against assuming this signals a shift in monetary policy.

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In a landscape marked by economic uncertainties, the latest inflation data has been met with cautious optimism by industry leaders. The inflation rate has edged down slightly to 3.7%, a development that has prompted a nuanced response from business sectors. Despite this slight dip, Ben Thompson, CEO of Employment Hero, warns against assuming this signals a shift in monetary policy.

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In a landscape marked by economic uncertainties, the latest inflation data has been met with cautious optimism by industry leaders. The inflation rate has edged down slightly to 3.7%, a development that has prompted a nuanced response from business sectors. Despite this slight dip, Ben Thompson, CEO of Employment Hero, warns against assuming this signals a shift in monetary policy.

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