Between January 2010 and March 2010, ASIC disqualified six directors from managing corporations following their involvement in failed companies. Continue reading
Monthly Archives: April 2010
Director jailed for seven years for destroying documents and fraud
Mr Oliver Banovec, 32, of Bellevue Hill, Sydney, NSW, has been sentenced to seven years jail, with a non-parole period of four years nine months in the District Court of NSW. Continue reading
Interest rates heading for 10 per cent, experts warn
MORTGAGE rates are predicted to hit a horror 10 per cent within the next two years as the Reserve Bank hikes rates to prevent runaway inflation. Continue reading
Construction slides as affordability worsens
The prospect of relief for Australia’s affordability housing shortage has dimmed, despite low interest rates and government grants for homebuyers. Continue reading
Recovery not felt in largest sector of the economy
The Australian Industry Group-Commonwealth Bank of Australia performance of services index is for the third month running below the 50-point line. That means the services sector of the community is in contraction rather than expansion. Continue reading
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