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ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18
ATO prosecutions for tax evasion jump 80% in two years, with over 350 people convicted and $2.7 million in fines. Queensland, WA and NSW account for three-quarters of cases.
ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18
ATO prosecutions for tax evasion surge 80% with $2.7 million in fines. Over 350 individuals and businesses convicted in shadow economy crackdown targeting non-lodgers and cash-in-hand workers.
Fed Hikes 25bps to 3.75%-4%, Hong Kong Follows With Rate Rise
Fed raises rates to 3.75%-4% for first time since 2023. HKMA hikes base rate to 4.25%. Inflation concerns drive unanimous decision despite Trump opposition.
Burke Bars International Student Families, Introduces Backpacker Ballot System
Tony Burke’s migration overhaul bars international student families and introduces a ballot system for backpackers in regional work. Net migration targets 225,000 by 2027-28.
Fed Raises Rates to 3.75%-4%, DAX Climbs 0.7% on Rate Decision
Fed raises rates to 3.75%-4% for first time since 2023. DAX gains 0.7% to 25,705 points. One more hike expected by year-end as central bank fights inflation.
Fed Raises Rates to 3.75%-4% for First Time Since 2023; Trump Demands 1%
The Federal Reserve raised interest rates to 3.75%-4% on September 16, 2026, the first hike since July 2023. Fed Chair Kevin Warsh cited elevated inflation and a strong economy. President Trump demanded rates be cut to 1% or lower.
Burke Cuts Student Family Visas, Tightens Backpacker Rules in September 17 Overhaul
Tony Burke announces major immigration changes on September 17: international students barred from bringing family, ballot system for backpackers, net migration target cut to 245,000 from current 292,100.
Snowtown Killer James Vlassakis Granted Parole After 26 Years, September 17
James Vlassakis, convicted in the 1999 Snowtown murders, has been granted parole after 26 years in prison. The Court of Appeal upheld the decision despite government opposition.
UPI Ends Free Era: 0.4% Fee on Merchant Payments Above ₹2,000 From October 15
NPCI introduces 0.4% MDR on UPI merchant payments above ₹2,000 from October 15, 2026. P2P transfers and transactions under ₹2,000 remain free. Small merchants earning up to ₹1 lakh monthly pay zero fees.