BANKING SECTOR NEWSLETTER

Welcome to the latest edition of our Banking SectorNewsletter.

Treasurer Jim Chalmers, has said cost-of-living solutionswill be a key focus in Labor’s first budget. Speaking at theinaugural Australia’s Economic Outlook event on June 8,Mr Chalmers acknowledged that the country was facingmajor challenges in the lead-up to the budget includinghigher petrol prices, wholesale electricity prices and eastcoast gas prices. Echoing the views of the Reserve Bankand Treasury, the Treasurer said he expected inflation torise significantly higher than the 5.1 per cent increase seenduring the March quarter.

The Australian Financial Security Authority (AFSA) haspublished a range of case studies to showcase examplesof best practice in the insolvency sector. The case studiesillustrate how insolvency practitioners and industry bodieshave demonstrated best practice in culture, integrity andmoral compass through the matters they have handled.