Australia

Read the Flash Payments articles on the topic: "Australia".

International Money Transfers Featured

Family Trusts Drive Growth in International Money Transfers

The family trust is a viable strategy for many foreign investors. This strategy becomes even more attractive when foreigners have chosen which method of transferring money to Australia they wil utilise.

Australia

Moving Funds from China to Purchase Property in Australia

Although Australia may seem remote and inaccessible to many, hundreds of thousands of migrants from around the world arrive in the continent every year. Moving to Australia offers the promise of economic stability, a high standard of living and a pleasant climate and natural beauty. One of the most active

International Money Transfers

Why do Australians buy Property Overseas ?

Home prices in Australia are skyrocketing, faced with an extremely competitive real estate market, many Australians have given up the dream of buying a home or put it off indefinitely while continuing to save for a deposit. But some resourceful cashed up real estate seekers have found a surprising way

Exchange Rates

Australian Dollar teetering near 6-week highs

The Australian dollar is on a tear. What's behind the rally and, more importantly, can it last?

Australia

Navigating US Dollar Employee Stock Ownership Plans (ESOPs)

Shares, options or RSU's are a common way for US-based companies to pay employees who work in offshore subsidiaries. Maximise your holdings by avoiding high currency conversion costs.

Exchange Rates

Don’t Pay ~11.0% More to Convert Your Money at the Airport

It's widely known that airport currency transfers are a bad idea. But just how bad? The truth may shock you....

Australia

Tax Treatment of Cryptocurrency in Australia - What to Know | Flash Payments

Investing in cryptocurrencies has tax implications for Australians. Here we outline the ATO's guidelines for people buying and selling digital assets.

News

Budget Roundup

Treasurer Scott Morrison unveiled the 2018-2019 last night. The plan was headlined by the promise of $140bn in tax cuts over the next decade, with immediate tax relief for middle and lower-income earners and a fundamental reform of the progressive tax system.

News

Australia & the US / China Tariff War

As the US and China engage in a tit-for-tat trade war Australia remains caught in the middle. The two countries have implemented sweeping and crippling tariffs on vast swaths of inter-country trade. What does a trade war mean for Australia? The Importance of China and the US to Australia Both the...

Tips

5 Ways to Stretch Your Overseas Easter Holiday Dollars

Are you one of the lucky Aussies that has planned a trip overseas for the upcoming Easter holiday break? Whilst you probably have already paid for the larger items, such as transport and accommodation, you still want to make sure that all other expenses yet to come are as cost

Tips

Moving to Australia? Our Top Tips for Settling Down Under

With Australia Day over and kids across the country back at school, 2018 is well and truly underway! As a nation of migrants, for many the start of the year also marks the beginning of a new life in Australia. Migrating to a new country can be an overwhelming experience,

Australia

Australia at the Forefront of Embracing Blockchain

In an important step for the industry, Australia’s main stock exchange, ASX Ltd., announced late last week that they will start using blockchain.

Expats

Currency transfer tips: What expats should consider before sending money home

If you're an expat and need to send money home, you should always consider the best and safest options for currency transfer. We provide some tips.

Banks

Big banks = high cost international money transfers

Australia ranks among the most expensive G20 countries to send money from. This is largely due to the fees banks charge for international money transfers.

Payments

How much cash have you got in your wallet?

Let me guess — your wallet is empty, or it recently was. Ten years ago, anyone who had no cash in their pocket would’ve whispered it. Broke til payday or just broke. Having no cash was a source of shame. But suddenly cashless is the new normal. The percentage of

Banks

Banks to ditch sales incentives to ‘restore trust’

THE toxic sales culture in Australian banks that sees customers saddled with inappropriate financial products may finally be coming to an end. Maybe. All four big banks have committed to winding back the “deep-seated” culture of product-based incentive payments after an independent review into the practice. Stephen Sedgwick AO, the

Blockchain

Embracing Blockchain for Payments

Payments are one area where banks should completely embrace blockchain to compete with fintech challengers and to expand their market share. The existing payments infrastructure used by banks faces multiple challenges relating to security, speed and cost. No wonder, Santander Group executive chairman, Ana Botín believes that her bank’s

Regulation

ASIC enforcement taskforce recommends tightening bank rules to protect customers

Banks, financial services houses and credit companies will face public naming and shaming over bad behaviour in a suite of major reforms being considered by the Turnbull government. However, the reforms put forward by the Australian Securities and Investments Commission enforcement review task force do not include naming the executives

Australia

Bank executive takes over as new chief of the Digital Transformation Agency

Gavin Slater, former NAB executive, will be the new chief executive of the Australian government’s Digital Transformation Agency. In a statement the Assistant Minister for Digital Transformation Angus Taylor said Slater had a proven track record in driving transformation change to respond to digital disruption, and his experience would

FinTech

Fintech all talk no action in bank competition race

Australia's banking sector is one of the most highly concentrated in the world and the much-hyped arrival of digital disruption has hardly shifted the dial. More competition is not the solution to the housing affordability crisis, but there is no doubt it would benefit consumers. Australian Competition and

Regulation

ASIC’s Greg Medcraft lashes bank ‘oligopoly’

Chairman of the corporate watchdog Greg Medcraft lashed out at the banking “oligopoly” for chipping away at customer trust with sector-wide interest rate hikes out-of-cycle with the Reserve Bank of Australia. “I think every time you do an out-of-cycle increase you chip away that trust,” Mr Medcraft said. “It’s

Australia

The quiet engine powering Australia’s innovation boom

Not that long ago, building a global company was reserved for large incumbents and heavily capitalised start-ups. But that’s changing. Instead of needing millions in the bank or being based in the heart of Silicon Valley, the internet — and the tools it enables — are empowering a new generation of

Banks

When it comes to foreign exchange, don’t pick your own bank by default

In this ever-changing world, Australian retail clients remain creatures of habit. While most of us know that banks like to charge a fee at every turn, we still don’t challenge them. This is extremely evident when sending money overseas, where bank fees are not only exorbitant (in excess of

Tips

5 tips for Australians buying property in Canada

With excessively high real estate prices at home, have you considered purchasing property abroad, say in Canada? Canada welcomes home buyers from all countries, and there are no restrictions on the amount or kind of real estate you can buy. For Australians looking to buy a home abroad, here are

Australia

New Payment Platform in Australia

Australia is due to release a near real-time domestic payments platform. The New Payments Platform (NPP) will allow for near real-time funds transfer between bank accounts, regardless of who a user banks with. It’s due to launch later in 2017. The NPP has been developed between the RBA and