Lower GST threshold could cost more than it makes
A productivity report has revealed that the cost of implementing a lower GST threshold on goods purchased from international sources online will well outweigh the benefit.
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28 Degrees MasterCard Alert! Beware expensive new ATM fee
The 28 degrees MasterCard was a favourite amongst Australian travellers due to its no-fee structure and competitive exchange rates. But a recent change to the cards structure could have the travel card darling fall from favour and card holders looking for alternative methods to access their cash while overseas.
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Amex respond to airline offerings with travel card upgrade
Amex has responded to competition heating up in the prepaid travel card market by saying goodbye to cross currency conversion fees. Leading prepaid travel card competitors Ozforex, Qantas Cash and Velocity Global Wallet had an edge over Amex in their ability to host a wider breadth of currencies on their cards, but no more.
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Airlines spark competition in travel card market
Recent arrivals to the prepaid travel card market from the Airlines are heating up the competition for travelers foreign dollars. With more than a dozen prepaid travel cards now available in the Australian market and new additions all the time, overseas travelers now have plenty more attractive options than taking the travel card on offer from their bank.
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Australian Dollar drops against the US Dollar
The Australian dollar has dipped below 92 US cents for the fist time in two and half months after RBA governor Glenn Stevens said he was considering intervention to lower the exchange rate.
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Ballot open for 2015 Gallipoli Anzac Centenary
The ballot is now open for Australians wanting to travel to Gallipoli to mark the 2015 centenary of the Anzac landings.
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Shopping online could get a whole lot more expensive
The Abbott government is being urged to reduce the GST-free threshold for items bought online from overseas sources from $1000 to $20. The campaign would hit almost all goods purchased online with a 10 per cent tax. It is estimated that this will mean consumers have to pay an extra $1 billion per year for overseas purchases made online.
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More Aussies go over a year without a holiday
Over one third of Australians haven't had a holiday in over a year, the latest research from Roy Morgan shows. In the 12 months to August 2012, 35% of Australians over the age of 14 had no holiday within the past year, up from 31% in August 2008. Also, those Australians who do take leave are going less often, with the proportion of us taking three or more trips a year down to 36% while those heading off only annually or twice a year is up 1% to 29%.
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Prepaid travel cards surge in popularity
Prepaid travel cards are making an impact on the Australian financial services market, widening into mainstream usage with a rapidly growing acceptance. According to the Research and Markets Prepaid Cards Global Strategic business report. The Asia pacific represents the fastest growing regional market for prepaid travel cards, with a projected Compound Annual Growth Rate (CAGR) of 19% over the analysis period.
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Strong dollar great for Asia bound holidaymakers
With the Australian dollar now trading at well over 95 US cents, money savvy travelers will be locking in the savings with cost effective destinations and prepaid travel cards.
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