7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Tax payers can get an upfront payment of up to $1000 as soon as they lodge their return with accounting firm H&R Block. However, consumer advocates have sounded the alarm over the initiative, saying it could unexpectedly force people into debt. H&R Block says it’s willing to give clients a partial “advance on their refund” without having to wait for the Australian Tax ation Office to process the return.
Rose Bruce-Smith from the Consumer Action Law Centre believes the initiative may lead to people getting “into more debt against money that they think might be coming in”, especially if “you’re one of the unlucky ones” who “end up not getting what you expect to get”. “It’s encouraging people to borrow money against what they may be entitled to in the future,” she told 7NEWS.
Business Finance Business Money Lifestyle Personal Finance Business Tax
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy group offers $1000 annual rebate to wind farm neighboursFor more than a decade, community opposition has been the brick wall renewable energy projects have been running into. Now, Engie is trying something different.
Read more »
Qld builds on housing push with $1000 tool cashback for apprenticesThe payment for first-year apprentices is part of continued efforts to meet the state’s housing and infrastructure demands amid cost-of-living pressures.
Read more »
‘Family spends $1000 a week on groceries’: Meet the latest Hopoate to crack the NRLLehi Hopoate is the latest member of the famous footballing family to make it to first grade. Not that his father wanted him to follow in his footsteps.
Read more »
‘Family spends $1000 a week on groceries’: Meet the latest Hopoate to crack the NRLLehi Hopoate is the latest member of the famous footballing family to make it to first grade. Not that his father wanted him to follow in his footsteps.
Read more »
More than 400,000 public sector workers offered $1000 ‘cost-of-living protection payment’ in negotiations7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Tax return: How can I maximise my tax return as a high-income earner?The changes to income tax rates from July one make this year’s deadline more important than ever.
Read more »