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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Cutting energy costs a priority for Victoria

By Grace Ormsby

May 14 2020
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Cutting energy costs a priority for Victoria

By Grace Ormsby
May 14 2020

Victoria is onboarding financial counsellors and launching an energy brokerage program in a bid to ensure everyone in the state can afford to keep the lights on this winter.

Cutting energy costs a priority for Victoria

By Grace Ormsby

May 14 2020
Share

Victoria is onboarding financial counsellors and launching an energy brokerage program in a bid to ensure everyone in the state can afford to keep the lights on this winter.

Minister for Energy, Environment and Climate Change Lily D’Ambrosio MP has revealed a $3.7 million package to support struggling Victorians, acknowledging that “with many people suddenly experiencing financial hardship due to coronavirus, and all Victorians spending more time at home, bills are expected to become increasingly more difficult to pay for many households”.

“When a bill arrives in the mail, we want Victorians doing it tough to know that there is support available,” the MP said.

The package will see financial counsellors recruited and trained to help people one-on-one in managing energy bills and other household financial difficulties.

More than 1,100 frontline community workers will receive training to enable them to give individuals targeted advice on dealing with energy bills, including how to get the best deal from energy companies and the existence of existing support.

The state government is also launching an energy brokerage program that will deliver one-on-one support to around 3,000 households at risk of financial hardship to help them to get the best value energy deal.

The package is aiming to ensure Victorians know their rights under the state’s Payment Difficulty Framework – with reforms requiring energy companies to assist any household that engages with them – whether it’s through a payment plan or extending bill due dates.

“This package will help people find support and know their rights. Under our nation-leading reforms, if you engage with your energy company, they cannot disconnect you or pursue you for debt – they must help you.”

In Victoria, no household that is engaging with their energy company can be disconnected from electricity or gas.

Ms D’Ambrosio said the creation of the strongest hardship protections in the country is to “make sure Victorian households are guaranteed the support and compassion they deserve”.

“These protections have never been more important.”

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace Ormsby

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