The federal government has announced it will provide early access to entitlements owed to thousands of employees of the collapsed fashion retail giant, Mosaic Brands Group.
The Reserve Bank of Australia (RBA) has enacted its first rate cut since the onset of the COVID pandemic, reducing the cash rate by 25 basis points from 4.35% to 4.1%.
The Australian government has proposed a significant new mandate that requires major businesses to accept cash payments for essential items and services.