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Blog and News

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June

Home loans

3 Common Reasons Why Home Loans Get Rejected

The current lending criteria continue to get tighter than they have ever been before, meaning that potential borrowers need to have their applications in order


Here are 3 reasons why your home loan application might get rejected:

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June

ATO's Incoming

STP deadline faces strong backlash

Absolutely no breathing room’: ATO’s incoming STP deadline faces strong backlash


A petition to delay the start date of the second phase of Single Touch Payroll is underway, with a payroll association slamming the ATO’s six-month deadline as “highly negligent”.

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June

Claw Back $155m

ATO to claw back $155m in JobKeeper overpayments

The ATO has set its eyes on recovering a further $155 million in JobKeeper payments that were paid out to business that made deliberate or reckless mistakes in determining their eligibility.


Around $135 million have since been clawed back by the ATO, with another $50 million in payments deemed as honest mistakes and won’t be pursued for repayment.