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Buy now, pay later sector to be regulated under credit laws
The new financial services minister, Stephen Jones, says the government will push ahead with plans to bring buy now, pay later (BNPL) operators under credit laws. BNPL operators are currently exempt from laws designed to protect borrowers who use products such as credit cards or personal loans, as the products they offer are not technically...
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Accountants chase pay rises above 6%
The 2022-23 Hays Accountancy & Finance Salary Guide released this week found 91% of accountancy employers will increase salaries in their next review, up from 74% last year. Higher salary increases has been driven by a “once-in-a-career market” with 86% of employers currently experiencing skills shortages. Almost half of Australia’s accountants believe they should receive...
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Skills crunch puts brokers in high demand
According to the 2022-23 Hays Salary Guide, Insurance takes 7th place in the top 10 industries with the most extreme skills shortages in Australia. 1 Banking 2 Manufacturing 3 Construction 4 Technology 5 Engineering 6 Architecture 7 Insurance 8 Healthcare 9 Mining 10 Retail The guide found that the top five insurance roles employers need...
