The tax slug on around 4000 businesses and 380,000 additional landowners comes on top of the $3 billion Victorian, further hitting major employers including Wesfarmers, Coles, Telstra, BHP and the banks.
and there is no new money in Tuesday’s budget for the $125 billion Suburban Rail Loop or the 2026 Commonwealth Games.
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New regulations for buy now pay later industryThe buy now pay later industry will be subject to tough new regulations in an attempt to protect customers from financial abuse. Providers such as Afterpay and Zip will need to comply with responsible lending obligations under the Credit Act and services will be treated as a credit product. They will be required to have a credit licence, hardship requirements and minimum standards for conduct.
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