What’s changing in the Equifax Score? Comprehensive Credit Reporting (CCR) changes have enabled lenders to be better informed when assessing loan applications. CCR has allowed Equifax to use additional data, including your repayment history information, to calculate your credit score. The benefit for you is that, previously, credit scores were calculated using mainly negative credit behaviours, such as defaults and arrears. With CCR, more positive data, such as paying your debt on time, using reputable credit providers, and avoiding short-term…

The Government will extend the 2020-21 Budget measure titled JobMaker Plan — temporary full expensing to support investment and jobs for 12 months until 30 June 2023 to further support business investment and the creation of more jobs. Temporary full expensing will be extended to allow eligible businesses with aggregated annual turnover or total income of less than $5 billion to deduct the full cost of eligible depreciable assets of any value, acquired from 7:30pm AEDT on 6 October 2020…

With end of financial year fast approaching Macquarie has a special offer for its existing Commercial Leasing Clients. This offer is open for businesses who may be thinking about upgrading their commercial vehicle or fleet. For a limited time only, Macquarie is offering these commercial leasing clients the opportunity to upgrade their existing commercial vehicle loan. When they take out a new Macquarie commercial loan, their existing vehicle loan will be upgraded without any payout costs applied. The main criteria…

On 12 March 2020, the Australian Federal Government announced details of the Backing Business Investment (BBI) package.

This package is intended to support small and medium business investment and growth over the relatively short-term. Its goal is to accelerate depreciation deductions for certain depreciable assets. Read more to see how this package can benefit your business.