The ABA lodged its submission with AUSTRAC regarding the Industry Contribution: Second stakeholder consultation paper. The ABA is keen to work with AUSTRAC and government to ensure that the industry contribution is equitable and appropriate.
Sometimes unexpected things happen, such as an injury or illness preventing you from being able to work, or you may be on holiday or working overseas for a short time and need someone to look after your financial and legal affairs. A power of attorney is a way to control who makes decisions for you if you're unable to do so yourself.
Banking is not just about handling your day-to-day finances now. Managing your money is also about planning for the future, and having money put aside in case something unexpected happens. Of course, it's wise to get into good savings habits early to try and build your money, and eventually to invest for the longer term.
Insurance plays a significant role in our lives. We all need to think about our financial and life circumstances and how we can reduce the risk of financial loss so we can better protect our families, assets, lifestyles and life goals. But how do you know what kind of insurance you need or how much insurance cover is enough?
No matter what your financial situation is, being good with money is a core life skill. Whether you have a little or a lot, there are some basic practices that can help you take control and stay on top of your finances. Maybe you have your first job and want to learn how to accurately budget. Perhaps you're saving up for a major purchase, such as your first home. Maybe you're looking for some ways to cut back your expenses. Maybe you're experiencing financial difficulty and need to find ways to take control of your money and finances. Or you may need help putting in place some realistic savings goals.