{"id":9518,"date":"2022-11-22T16:39:25","date_gmt":"2022-11-22T05:39:25","guid":{"rendered":"https:\/\/countax.com.au\/?post_type=covid-19-resource&#038;p=9518"},"modified":"2022-11-22T17:07:24","modified_gmt":"2022-11-22T06:07:24","slug":"weekly-digest-23-november-2022","status":"publish","type":"weekly-digest","link":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/","title":{"rendered":"Weekly Digest \u2013 23 November 2022"},"content":{"rendered":"<p>Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.<\/p>\n<h3>More than one-third of Australians experiencing financial hardship<\/h3>\n<p>New data from NAB has revealed that <a href=\"https:\/\/www.news.com.au\/finance\/money\/costs\/pockets-of-concern-nab-warns-of-financial-hardship\/news-story\/a7e88bf68b06578a06f0ce0e9ebbba75\" rel=\"noopener noreferrer\" target=\"_blank\">a third of us are really feeling the pinch<\/a> \u2013 with some unable to pay bills. The bank encouraged those struggling to seek help early if having trouble paying on time.<\/p>\n<h3>The \u201cbuy now, pay later\u201d free-for-all is likely coming to an end<\/h3>\n<p>Such services, such as Afterpay or Zippay, <a href=\"https:\/\/www.news.com.au\/finance\/business\/retail\/stephen-jones-says-government-will-crack-down-on-afterpay-and-similar\/news-story\/9c71dc0c052cec93338656d34eda6a4f\" rel=\"noopener noreferrer\" target=\"_blank\">could soon require the same financial checks as getting a credit card<\/a>. The crackdown comes as many customers find themselves in hot water, unable to pay back what they borrowed.<\/p>\n<h3>Greens want jobseekers to be allowed to earn more without penalty<\/h3>\n<p>The Greens want to amend the government\u2019s pensioner workforce incentives bill <a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/nov\/21\/greens-push-for-jobseekers-to-be-allowed-to-earn-more-without-penalty-as-mps-return-to-canberra\" rel=\"noopener noreferrer\" target=\"_blank\">to allow those on jobseeker payments to earn more in wages<\/a> before their allowance is reduced. They argue that the change is necessary if the unemployment benefit isn\u2019t raised.<\/p>\n<h3>Wages show signs of rising, but lag far behind inflation<\/h3>\n<p>Australian wages are <a href=\"https:\/\/www.theguardian.com\/business\/2022\/nov\/16\/australia-wages-growing-less-than-half-inflation-pace-wage-price-index-wpi\" rel=\"noopener noreferrer\" target=\"_blank\">currently growing at 3.1%<\/a> \u2013 more than half the pace of inflation which sits at 7.3%. While the rise is promising, experts say standards of living will fall if they don\u2019t keep up.<\/p>\n<h3>Deliveroo collapses suddenly, blindsiding employees and customers<\/h3>\n<p>Experts say it <a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/nov\/17\/deliveroos-sudden-collapse-leaves-delivery-riders-scrambling-to-find-new-jobs\" rel=\"noopener noreferrer\" target=\"_blank\">could be the one of several meal-delivery services to disappear<\/a> due to challenging economic conditions. Prices for deliveries will likely also rise to make the industry more sustainable.<\/p>\n<h3>Not even Christmas looks cheerful to businesses<\/h3>\n<p>New figures from Business NSW showed that <a href=\"https:\/\/www.9news.com.au\/national\/business-confidence-down-to-pandemic-levels-amid-global-concerns\/8fbd6d35-114b-4f16-b963-8fe4a8a44453\" rel=\"noopener noreferrer\" target=\"_blank\">the business confidence index (BCI) came in at negative 64.3<\/a> \u2013 a level of pessimism equal to that seen in the pandemic and the Global Financial Crisis.<\/p>\n<h3>New Zealand moves to lower the voting age to 16<\/h3>\n<p>In a landmark decision, the New Zealand supreme court ruled that the existing age of 18 was <a href=\"https:\/\/www.theguardian.com\/world\/2022\/nov\/21\/voting-age-of-18-is-discriminatory-new-zealand-supreme-court-rules\" rel=\"noopener noreferrer\" target=\"_blank\">discriminatory and breached the human rights of young people<\/a>. Prime Minister Jacinda Ardern responded by stating that the government would draft legislation to change the voting age to 16.<\/p>\n<h3>The Covid-19 pandemic caused us to develop a very unusual pastime<\/h3>\n<p>Health measures have varied over the past few years, with government officials asking us to do our part to keep social gatherings to a minimum. Apparently many of us <a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/dobbing-became-australias-favourite-pastime-during-covid\/news-story\/daee4f4f97e65018d469e9a1d91ad47f\" rel=\"noopener noreferrer\" target=\"_blank\">enthusiastically began reporting our neighbours<\/a> over secret birthday parties and large food orders.<\/p>\n<h3>Get in touch<\/h3>\n<p>Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n","protected":false},"featured_media":0,"comment_status":"close","ping_status":"closed","template":"","format":"standard","weekly-digest-topic":[],"weekly-digest-type":[],"weekly-digest-region":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Digest \u2013 23 November 2022 - Countax Pty Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Digest \u2013 23 November 2022 - Countax Pty Ltd\" \/>\n<meta property=\"og:description\" content=\"Welcome back to our Weekly Digest. 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Read on for the latest updates and some ideas to help us all move forward. More than one-third of Australians experiencing financial hardship New data from NAB has revealed that a third of us are really feeling the pinch \u2013 with some unable to pay bills. The bank encouraged [...]Read More... from Weekly Digest \u2013 23 November 2022","og_url":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/","og_site_name":"Countax Pty Ltd","article_modified_time":"2022-11-22T06:07:24+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/","url":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/","name":"Weekly Digest \u2013 23 November 2022 - Countax Pty Ltd","isPartOf":{"@id":"https:\/\/countax.com.au\/#website"},"datePublished":"2022-11-22T05:39:25+00:00","dateModified":"2022-11-22T06:07:24+00:00","breadcrumb":{"@id":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-23-november-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Weekly Digests","item":"https:\/\/countax.com.au\/weekly-digest\/"},{"@type":"ListItem","position":2,"name":"Weekly Digest \u2013 23 November 2022"}]},{"@type":"WebSite","@id":"https:\/\/countax.com.au\/#website","url":"https:\/\/countax.com.au\/","name":"Countax Pty Ltd","description":"Accountants in Bella Vista | Full-service Accounting, Mortgage Brokers &amp; Financial Planning in Bella Vista, Sydney","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/countax.com.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly_digests\/9518"}],"collection":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly_digests"}],"about":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/types\/weekly-digest"}],"replies":[{"embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/comments?post=9518"}],"version-history":[{"count":0,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly_digests\/9518\/revisions"}],"wp:attachment":[{"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/media?parent=9518"}],"wp:term":[{"taxonomy":"weekly-digest-topic","embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly-digest-topic?post=9518"},{"taxonomy":"weekly-digest-type","embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly-digest-type?post=9518"},{"taxonomy":"weekly-digest-region","embeddable":true,"href":"https:\/\/countax.com.au\/wp-json\/wp\/v2\/weekly-digest-region?post=9518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}