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Fluid Edge Themes

October 2024

You might have heard that the Australian Government is preparing to ban debit card surcharges – those pesky percentages added to seemingly every electronic transaction.

Don’t get too excited. While the Reserve Bank of Australia (RBA) is reviewing card surcharges – which cost Australians anywhere between $1 billion and $4 billion a year – any change would not come into effect until 2026.

A group of construction companies all registered to the same address in NSW is among the latest builders to go bust, with the industry still battling the effects of inflation, rising costs and trade shortages.

The liquidator said the collapse of Adroit Constructions, Maximus Builders, Maxim Builders and Maxus Builders put 25 projects at risk.