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OZ Interest Rates Not Cut As Expected

David Richards
At its meeting today, the Australian Reserve Bank Board decided to leave the cash rate unchanged at 3.25 per cent. In a statement to the markets Board Govenor Glenn Stevens said that Australia was in a better position than a lot of other Countries and that demand had not weakened.
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Wizard And Aussie Bargaining OK With ACCC

Dave Jansen
Following the sale of Wizard Home Loans, owned by GE Money, to AHL Investments Pty Ltd (Aussie Home Loans), the Australian Competition and Consumer Commission has decided to not object to the collective bargaining agreements lodged by a group of franchisees in relation to negotiating aspects of franchise agreements.
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Woolworths Gets Into Bed With Qantas

Marie Jones
Woolworths is to launch an Everyday Rewards Qantas credit card next week which will carry a low annual fee of $89. The card is said to be one of the best value frequent flyer reward cards in the market offering customers one Qantas Frequent Flyer point for every $1 spent in stores accepting Mastercard.
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More Australians Going Bankrupt Than Ever Before

Staff Writers
The SMB market is feeling the brunt of a massive rise in bankruptcies with up to 86% of all new businesses failing. At the same time the high cost of living and easy access to credit have led to the highest number of bankruptcies in NSW since records began more than 20 years ago, the Insolvency and Trustee Service Australia (ITSA), accountants Hall Chadwick has said.
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