South Australian Senator to replace Cormann in powerful Finance post

South Australian Senator Simon Birmingham will become Finance Minister in the Morrison Government within weeks, replacing the retiring Matthias Cormann who will be Australia’s nomination for secretary-general of the Paris-based OECD.

Slowing the sprint towards a cashless society

Australia should take heed of lessons learned by other nations which moved to mostly digital-only banking. Not everyone is in a rush to give up cash, argues Chris Vasantkumar.

The RBA says mortages in arrears are at their highest since 2010, but below levels seen in the early 1990s recession. Photo: supplied

Number of mortgages behind on payments highest since 2010: RBA

The Reserve Bank believes the number of home owners behind on their mortgages could keep climbing for some time, although not to levels that might threaten Australia’s financial stability.

finance

South Australian Senator to replace Cormann in powerful Finance post

Slowing the sprint towards a cashless society

Number of mortgages behind on payments highest since 2010: RBA