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Money Archives - Garnet Business Services
Buy Now Pay Later sector facing more regulation

Buy Now Pay Later sector facing more regulation

The Buy Now Pay Later (BNPL) market will soon be facing more regulation to bring it in line with other credit products. Late last year, the government released a consultation paper seeking views on options to regulate the Buy Now Pay Later (BNPL) market. The paper...
Cheaper childcare on the horizon

Cheaper childcare on the horizon

Families with children in care arrangements could soon see the benefits of cheaper childcare with the passing of the government’s childcare subsidy reforms. Families struggling with the current cost of living crisis could soon have some relief with cheaper childcare...
APRA focus areas 2023

APRA focus areas 2023

APRA has announced its policy and supervision priorities for the coming year with a heavy focus on superannuation. APRA (Australian Prudential Regulation Authority) has recently released its policy and supervision priorities for 2023. For the superannuation space,...
No Spend Challenge – Feb 2023 Week 1 Update

No Spend Challenge – Feb 2023 Week 1 Update

It’s been 1 week of no spending this month so wanted to give an update in order to encourage some of you to also consider doing challenging yourself. In some ways, it’s easier than last year and in others, it’s a bit harder. Here’s one big thing that I carried on from...
Update to the Financial Advisers Register

Update to the Financial Advisers Register

In another boon for consumers, ASIC’s Financial Advisers Register will soon feature information on whether a financial adviser can provide tax (financial) advice. Consumers could soon find out whether their financial adviser can provide tax (financial) advice through...
New year, new scams

New year, new scams

Scammers are taking advantage of this time of the year when people are still in holiday mode with a new ATO impersonation scam on social media. Money never sleeps, as the old quote goes, but it could apply equally well to scammers. As most people have let their guard...