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First Home Saver Account
''First Home Saver Accounts'' (FHSAs) were a 2007 election policy of the Australian Labor Party. FHSAs were offered from 1 October 2008 after a consultation period and passage of the ''First Home Saver Account Act 2008'' through the Parliament of Australia. FHSAs offer several benefits to first home savers including: # a variable interest rate; # a tax rate of 15% (cf the individual's marginal tax rate), that is paid by the FHSA provider; # 17% government contribution, up to a specified limit. # Tax-free withdrawal. # Flexibility in determining how much is contributed, up to a maximum account balance cap over the life of the FHSA. In the 2014-15 Federal Budget, the Federal Government announced plans to wind back and abolish the FHSA scheme. Eligibility To become a FHSA holder an individual must: * be aged at least 18 and under 65 years * have and quote a tax file number in their application * not have previously owned a home in Australia that was their main residence * not h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2007 Australian Federal Election
The 2007 Australian federal election was held in Australia on 24 November 2007. All 150 seats in the House of Representatives and 40 of the seats in the 76-member Senate were up for election. The election featured a 39-day campaign, with 13.6 million Australians enrolled to vote. The centre-left Australian Labor Party opposition, led by Kevin Rudd and deputy leader Julia Gillard, defeated the incumbent centre-right Coalition government, led by Liberal Party leader and Prime Minister, John Howard, and Nationals leader and Deputy Prime Minister, Mark Vaile, by a landslide. The election marked the end of the 11 year Howard Liberal-National Coalition government that had been in power since the 1996 election. This election also marked the start of the six-year Rudd-Gillard Labor government. Future Prime Minister Scott Morrison, future opposition leader Bill Shorten and future Deputy Prime Minister Richard Marles entered parliament at this election. This would be the last tim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Unity
Australian Unity is an Australian mutual company having its origins in the friendly societies movement. It was formed as the Manchester Unity Independent Order of Oddfellows (MUIOOF) in Melbourne, Victoria, on 7 December 1840 by eight men including Thomas Strode, publisher of the Port Phillip Gazette and Augustus Greeves, inspired by Independent Order of Oddfellows Manchester Unity. In 1993, Manchester Unity merged with the Australian Natives' Association to form Australian Unity. Later mergers occurred with Grand United Friendly Society in 2005, Lifeplan Australia Friendly Society in 2009, and Big Sky Credit Union in 2012. Australian Unity has about 8,500 employees across healthcare, insurance and banking (in the guise of Big Sky Credit Union) divisions. In 2012, Big Sky was merged with Australian Unity to become the banking arm of Australian Unity. Ownership of Big Sky Credit Union Limited was transferred to Australian Unity Limited's subsidiary Lifeplan Australia Building S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Securities & Investments Commission
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the ''Australian Securities and Investments Commission Act 2001''. ASIC, which reports to the Treasurer, is responsible for the administering the following legislation: * ''Australian Securities and Investments Commission Act 2001'' (ASIC Act) * '' Business Names Registration Act 2011'' * ''Corporations Act 2001'' (Corporations Act) * ''Insurance Contracts Act 1984'' * ''National Consumer Credit Protection Act 2009'' (National Credit Act) Additionally, ASIC is also responsible for administering parts of the following legislation: * ''Banking Act 1959'' * ''Li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teachers Mutual Bank
Teachers Mutual Bank Limited (formerly the New South Wales Teachers Credit Union) is one of the largest mutual banks in Australia, with more than 200,000 members and assets of over $8 billion. Membership is primarily open to serving retired teachers, university students undertaking education degrees and diplomas that will qualify them as registered school teachers, other employees in the Australian education sector, and immediate family members of people who fit the primary criteria. As a mutually owned institution, each member (account holder) holds one equal share in the organisation and all profits are intended to be returned to members by way of lower fees and interest rates than those available from commercial banks and other for-profit financial institutions. Initially formed in 1966 as the New South Wales Teachers Credit Union, with membership restricted to public (state) school teachers in New South Wales, the membership of Teachers Mutual Bank is today spread a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MyState
MyState Limited is an Australian financial group, headquartered in Hobart, Tasmania. It formed in 2009 following the merger of the Tasmanian Perpetual Trustees and MyState Financial. In 2011 it further purchased the Queensland-based Rock Building Society for $68.3 million AUD. In October 2014, its largest section, MyState Financial received authorisation from the Australian Prudential Regulation Authority to rename itself to MyState Bank. Companies MyState Limited consists of * MyState Bank (including The Rock – A division of MyState Bank, and the MyState Foundation) * Tasmanian Perpetual Trustees History MyState was founded as a Credit Union in Tasmania, Australia under the name Connect Credit Union, which was created from the merging of two credit unions, the Teachers, Police and Nurses Credit Union and Savings & Loans (Credit Union Cooperartive). Connect Credit Union attempted to demutualise in 2003 but failed when just 13,000 of its members voted, unable to reach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ME Bank
ME Bank, also known as ME, is an Australian direct bank based in Melbourne. ME Bank no longer has branches in Sydney, Brisbane, Adelaide, Perth, Hobart, Canberra and Darwin. It became a subsidiary of Bank of Queensland in July 2021. Founded in 1994 as Super Member Home Loans (SMHL) by Australia's industry superannuation funds, SMHL became Members Equity Bank in 1999, and received a banking licence from the Australian Prudential Regulatory Authority (APRA) in July 2001 and was approved by APRA to act as an authorised deposit-taking institution, authorised to accept deposits from the public. Initially founded to offer access to home loan products, ME Bank today offers a range of low-cost banking products including home loans, savings accounts, credit cards, term deposits, and transaction accounts. History Industry Funds Services (IFS) was founded in 1994 by a group of industry super funds. Also in 1994, Super Member Home Loans (SMHL) was launched by the ACTU in partnership w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IMB Bank
IMB Bank is an Australian mutual bank established in 1880. In 2020, IMB Bank was voted by Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ... as one of the World's Best Banks, and, in 2022, was found by financial services research company Canstar to have Australia's Most Satisfied Customers for both the Bank and Mutual Bank categories. IMB Bank has over $7.3b in assets and is regulated by the Australian Prudential Regulation Authority, (APRA). It is a member of the Customer Owned Banking Association (COBA), an independent organisation representing mutual banks, building societies and credit unions. History IMB Bank was established in 1880 in the port community of Wollongong, 85km south of Sydney. It began life as the Illawarra Mutual Building society, Building Society, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union SA
Credit Union SA is a South Australian Credit Union headquartered in Adelaide, with a branch at 400 King William Street, Adelaide. Credit Union SA is South Australia's third largest Credit Union, with over 50,000 members and more than $1 billion in assets. Credit Union SA offers a range of financial services to South Australians, including transaction and saving accounts, fixed term investments, home loans, personal loans, credit cards and insurance. Credit Union SA is a supporter of the South Australian education community. Credit Union has also formed a partnership with St John's Youth Youth Services in support of at risk young people. History Credit Union SA was formed on 1 October 2009 by a merger between former South Australian credit unions Satisfac and Powerstate. These credit unions had their origins in the education and industrial sectors respectively. Both Credit Unions have roots in the South Australian community, with Satisfac dating to the 1950s. In March 2012, Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beyond Bank Australia
Beyond Bank is an Australian customer-owned bank operating in South Australia, Victoria, the Australian Capital Territory, Western Australia and New South Wales. It provides financial services to its members including savings and business accounts, term deposits, loans, insurance and financial planning, and has total assets under management of more than $5 billion. It is a certified B Corp. History * In March 2006, Community CPS Australia Ltd was formed in a merger between the Commonwealth Public Servants Credit Unions - CPS Credit Union (SA) Ltd and CPS Credit Union Co-operative (ACT) Ltd. * In November 2008, Western Australian based United Credit Union Ltd and Westax merged with Community CPS and carried on business under the name United Community. * In May 2009 the Polish Community Credit Union also merged with Community CPS. * In January 2010 Hunter Region-based Companion Credit Union merged with Community CPS. * In June 2011 Wagga Mutual Credit Union, based in the Rive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Bank
The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank. Founded in 1911 by the Australian Government and fully privatised in 1996, the Commonwealth Bank is one of the " big four" Australian banks, with the National Australia Bank (NAB), ANZ and Wes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia & New Zealand Banking Group
The Australia and New Zealand Banking Group Limited (ANZ) is an Australian multinational banking and financial services company headquartered in Melbourne, Victoria. It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation. Its current corporate entity was established on 1 October 1970, when the Australia and New Zealand Bank (ANZ) merged with the English, Scottish & Australian Bank (ES&A). It was the largest bank merger in Australian history at the time. The Australia and New Zealand Bank had in turn been founded in 1951 as a merger of the Bank of Australasia and the Union Bank of Australia, which were established in 1835 and 1837 respectively. ANZ is one of the Big Four Australian banks, along with the Commonwealth Bank, NAB and Westpac. Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ is also the largest bank in New Zealand, where the legal entity became known as A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emerging la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
