Sadly, there are always problems with Government schemes. If they're not well thought through (especially in terms of implementation) and even if they are, there are always segments of the community intent on 'rorting' the system.
“In a three-month period, we identified more than 8000 CBA customers who received multiple low-value deposits, often less than $1, with potentially abusive messages in the transaction descriptions – in effect using them as a messaging service”
Well done CBA for taking steps to suspend customers. Other banks should do a similar review and implement similar measures. If it's so widespread with one major bank, what about the others?
The Australian economy requires foreign investment, but like immigration it must be controlled for our national interest. Have you noticed how China always protects its national interest above all else?
People, businesses and foreign governments all over the world may complain or criticise or attempt any kind of economic, political (or even military) pressure, but China just does what's in its national interest. That's it.
If we've learned anything from the pandemic, no matter how important foreign investment or immigration is to Australia, we also need to be able to look out/stand up for ourselves too (no matter what the rest of the world thinks).
This was always going to be an interesting case study. While the rest of Europe (and the world) had gone into lockdown, Sweden did not. The pandemic isn't over and the after effects (especially economically) haven't been fully felt, but in hindsight, was this the better approach?
As Australia enters its first recession in 29 years, economists predict that after the JobKeeper payment ends in September, and mortgage repayment holidays are over, cash-flow stressed households coul...