Posts in Finance and economics
If it walks and talks like credit: behind the regulation of Buy Now Pay Later

In today’s post, Emma O’Neill of Good Shepherd (@GoodShepANZ) explores the potential impacts of the Government’s proposed regulation of Buy Now, Pay Later Products. Emma is a Senior Policy & Advocacy Advisor with a particular interest in women’s economic security, gender and climate change, and the impacts of marketisation on social equity.  

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Buy Now Pay Later is not the same as lay-by

In today’s analysis, Phoebe Nagorcka-Smith (@PNagorckaSmith) of Good Shepherd Australia New Zealand (@GoodShepANZ) uses evidence from their recent ‘Safety net for sale’ report to explore how Buy Now Pay Later is used to trap family violence victim-survivors in debt, and why regulation is key to preventing it. 

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It's time to put care at the centre of the Australian economy

Our care industries are vital to a healthy, functioning economy. In today’s analysis, Kristine Ziwica (@KZiwica), a journalist with 20 years experience working in Australia, the United States and the UK on human rights and gender equality campaigns, argues that we need to invest in our people and place care at the centre of the Australian economy.

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Health budget 2022 spends a little on favoured interest groups but misses a chance for real reform

This article by Stephen Duckett, Honorary Enterprise Professor in the School of Population and Global Health at the University of Melbourne, examines Australia’s 2022-23 Budget through a health lens and highlights missed opportunities for the federal government to improve primary care and aged care. It is republished from The Conversation.

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Ensuring Families aren't left behind in the COVID-19 recovery

New research shows households with young children are feeling the highest level of stress as a result of the COVID-19 pandemic. This is highest for families in communities that experience moderate levels of poverty. Professor Abigail Payne from the University of Melbourne discusses what needs to happen to ensure families are not left behind as we look ahead to the COVID-19 economic recovery.

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Australians back the case for guaranteed basic income

According to a recent Anglicare Australia report, more than three quarters of Australians surveyed using a representative national sample method supported the creation of a permanent basic income. Last year’s JobSeeker/JobKeeper experience showed us the potential of this approach. This article from Nikki Stefanoff (@nikki_stefanoff) was originally posted on Pro Bono Australia.

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How much can the budget’s $1.1 billion for women’s safety really achieve? Two experts give their verdict

One of the headline figures in Tuesday’s federal budget was a A$1.1 billion dollar investment in women’s safety. This came as part of a special women’s budget statement, which pitched the budget as helping provide women with “respect, dignity, choice, equality of opportunity and justice”. It also comes amid a national crisis in domestic violence. On average, one woman is killed every week in Australia by a male current or former partner. So does the budget deliver on its promise to prioritise women’s safety and equality at home and at work? Does it do enough?

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Payday Lenders: Trusted friends or debt traps?

If you have ever needed money in a hurry it may have been tempting to apply for a small loan to tide you over until your next pay packet. During Covid-19 and with increasing financial precarity, ‘payday’ loans may be how people resource short-term solutions as many people look online for financial help. Research from Dr Vivien Chen at Monash Business School’s Department of Business Law and Taxation shows the rise of digital platforms has significantly increased consumer access to payday loans. The financial risk posed by Covid-19 presents a key opportunity for governments to develop policy and mechanisms to protect people in financial distress. This article originally appeared in Monash Impact.

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Performers and sole traders find it hard to get JobKeeper in part because they get behind on their paperwork

In today’s post, Dr Ann Kayis-Kumar, Professor Fiona Martin, Dr Jack Noone and Professor Michael Walpole from the University of New South Wales explain that many sole traders in Australia are experiencing financial hardship in the current pandemic because they are behind on their tax paperwork. Those helped by the UNSW Tax Clinic who were behind on their quarterly Business Activity Statements were, on average, seven years behind. Their financial vulnerability has long-term and widespread implications. This article was originally published in The Conversation.

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