Gender pay gap data reveals Australia’s female CEOs paid $170,000 less than men on average

But new data shows 3% increase in men taking primary carer parental leave – the largest annual increase since records began

Female CEOs in Australia are paid an average of $170,000 less than their male counterparts – a gender pay gap of 25% – according to government figures.

The pay gap among CEOs was published as part of the national pay gap scorecard for the first time this year, after legislative changes introduced last year.

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Australian businesses selling essential goods and services to be forced to accept cash payments

Treasury confirms cheques will stay in circulation until 2029 but then cease to be accepted as legal tender

Businesses selling essential goods and services such as groceries, medicines and fuel will be forced to accept cash from their customers unless granted a special exemption, under a government mandate to take effect from 1 January 2026.

In a move designed to taper the phase-out of cash and ensure those who rely on it can still use it for the near future, the federal government will require certain businesses to take cash payments. But others, including many small businesses, will be exempt from the measure.

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Australians’ mortgage payments hit high not seen since before GFC, data shows

The average mortgage holder is parting with more than a fifth of their pre-tax income, double what they were spending in the 90s

Mortgage holders are spending well over 20% of their pre-tax income on their loans, representing one of the highest levels on record, data compiled by Commonwealth Bank shows.

It has rocketed in recent years amid rising interest rates and high living costs to a level last seen two decades ago when frothy property prices took hold before the 2008 global financial crisis.

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Australia’s $50,000 arts degree is here – putting university fees on par with the UK and US

The Hecs/Help scheme was not designed so people making a regular wage remained in debt until death, expert says

There was a time when would-be poets, historians and writers could expect to pay off an arts degree at an Australian university within the decade, if they were able to find stable employment. Fast forward to now and they may die with their debt.

Arts degrees in Australia are poised to cost more than $50,000 for the first time, with experts warning some students will never be able to pay off their debts.

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Debt collection giant Panthera puts large parts of its business into administration

A Guardian Australia investigation has revealed Panthera had circumvented blacklisting designed to stop it operating in Victoria

Major private debt collector Panthera Finance has appointed new directors and put parts of the company into administration as it seeks to sell off its scandal-plagued business.

Last month, Guardian Australia revealed Panthera, one of the country’s biggest private debt collection firms, had circumvented a blacklisting designed to stop it from operating in Victoria and continued to strike debt purchase deals within weeks of regulatory warnings.

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Know your rights: what to do if you receive a call from a debt collector

As the cost-of-living crisis drives more people to financial stress, it helps to understand the rules that cover debt collecting

If you have ever received a call from a private debt collector, perhaps demanding payment for an overdue bill you barely remember, you will know that it can feel daunting and rife with potentially serious consequences.

The best way to protect yourself in such a situation, particularly with the cost-of-living crisis driving more and more Australians to financial stress, is to understand your rights and the rules governing the way debt collectors can behave.

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Use, or threaten to use, violence or physical force against a debtor.

Adopt an aggressive, threatening or intimidating manner.

Use abusive, offensive, obscene or discriminatory language.

Comment on a debtor’s position, physical appearance, intelligence or other characteristics or circumstances.

Embarrass or shame a debtor.

Make disrespectful or demeaning remarks about a debtor’s character or financial situation in life.

Mislead a debtor about the nature or extent of a debt, or the consequences of non-payment.

Pressure a debtor by misleading, harassing, threatening or putting pressure on a debtor’s spouse or partner, or a member of a debtor’s family.

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Australia news live: Telstra announces 2,800 job cuts; mediation talks in Reynolds and Higgins defamation case

Liberal senator, and former political staffer expected to attempt again to resolve a pair of high-profile defamation cases. Follow today’s news headlines live

A High Court decision in Britain to allow Julian Assange to appeal his extradition to the US is a “small win” for the WikiLeaks founder but he should be freed now, the union for Australia’s journalists says.

As AAP reports, the Media, Entertainment & Arts Alliance remains concerned there is no certainty an appeal will be successful, which would mean Assange could still be tried for espionage in the US.

Tonight’s decision by the High Court is a small win for Julian Assange and for the cause of media freedom worldwide.

MEAA welcomes the decision of the High Court, but we remain concerned that there is no guarantee of success.

We call on the Australian government to keep up the pressure on the US to drop the charges so Julian Assange can be reunited with his family.

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Australian home lenders accused of ignoring mortgage customers in financial distress

Some borrowers have been abandoned in a cost-of-living crisis and lenders must meet their obligations, the regulator says

Major Australian lenders are not doing enough to support mortgage customers in financial hardship, and in some cases they are ignoring requests for assistance altogether, the corporate regulator has found.

In a major report to be released on Monday, the Australian Securities and Investments Commission (Asic) found that more than one-in-three customers dropped out of a hardship application, a process designed to vary repayments while a borrower gets back on their feet, because of unnecessary barriers.

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BoM provides El Niño update – as it happened

This blog is now closed

Birmingham says China ‘doesn’t appear to be acknowledging the facts’

Shadow foreign minister Simon Birmingham is speaking with ABC RN and is asked about sonar pulses from a Chinese warship that left one Australian naval diver injured.

The Australian navy and Australian defence force operates always with professionalism, and I’m confident that Australia’s version of events is a credible.

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Australian renters facing ‘pre-application’ for properties before inspecting

Applicants asked for proof of identity, rental and financial history, and references, with some listings being snapped up before first showing

Renters looking for new homes are being forced to “pre-apply” before inspecting properties, a process that can take hours and involves providing personal details, financial information and references.

Cassandra, who did not want her last name published, is looking for a place to rent in Melbourne after getting a job in the city. She said several listings she has come across during her search asked for pre-applications.

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Australians who lost welfare under 1990s student loan scheme have cause for class action, expert says

Andrew Grech says action could be pursued if implications of SFSS loans were misrepresented to people when they signed up

Recipients of a dumped welfare scheme that enticed low-income students to trade away their right to welfare have cause to mount a class action, a senior legal expert says.

The Australian government is still chasing $2bn of debt from more than 140,000 former students who signed up to the student financial supplement scheme (SFSS).

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Calls to reform Australia’s student debt scheme as loan holders face ‘deeply unjust’ 7.1% rise

Millions of Australians face a hike in their Help and Hecs loans when indexation is added on 1 June, the highest increase in decades

Australians with student debt face the highest increase in decades from 1 June, leading to calls from a growing group of MPs and advocates for the government to urgently reform the repayment system amid the cost-of-living crisis.

The March quarterly figures, released by the Australian Bureau of Statistics (ABS) on Wednesday, revealed the consumer price index (CPI) for the first three months of 2023 was at an annual rate of 7%, down from the 32-year high in December of 7.8%, but up on last March’s 5.1%.

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Australians report record $3.1bn losses to scams, with real amount even higher, ACCC says

Investment fraud amounts for biggest share at $1.5bn, followed by remote access and payment redirection rorts

Australians lost a record amount of more than $3.1bn to scams in 2022, up from the $2bn lost in 2021, a new report from the Australian Competition and Consumer Commission has revealed.

The Targeting Scams report, which compiles data from Scamwatch, ReportCyber, major banks and money remitters, was based on an analysis of more than 500,000 reports.

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Australia’s soaring interest rates have trapped ‘mortgage prisoners’ into crushing repayments

A growing cohort of pandemic-era homebuyers are also unable to refinance because they no longer meet lenders’ standards

A growing number of Australian have become “mortgage prisoners” – trapped by crippling mortgages they are unable to renegotiate.

This growing cohort of pandemic-era homebuyers are unable to refinance because they no longer meet lenders’ standards after recent rate increases.

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‘Web of lies’: how scammers are taking advantage of Australia’s tight rental market

The ACCC received more than 658 reports about rental and accommodation scams last year, with a reported loss of $544,846

Like many, Aven was desperately looking for a house.

Last October, the 21-year-old was frantically applying for dozens of rental properties – attending inspections, putting in applications and becoming increasingly stressed by the string of rejections.

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Australia should force banks to repay scam victims and adopt better protections, advocates say

Calls for federal government to mandate the checking of account details before money transfers are made

The federal government should take action to force banks to reimburse scam victims and check the account details match up on transactions to stop scams before the money is lost, consumer rights advocates say.

The call comes as Australia’s big four banks pushed back on mandatory reimbursements, arguing they could “inadvertently lead to increases in scam activity” and that customers should keep themselves safe.

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Sydney renter hit by 35% hike as housing crisis sparks calls to cap increases

Tenants’ Union says some form of rent control is needed to alleviate pressure during a ‘nasty’ time in the market

Millie Bannister was already anxious about how much the rental market had skyrocketed in Sydney when she received a letter from her landlord saying they wanted to increase her rent by 35%.

“Last time, it only increased by $60, but now it’s going to increase by $270 a week, which is a 35% increase, and around $12,000 per year. For me and my roommate, two people in their mid-20s, it is not [easy] to wrangle with.”

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Australia’s highest and lowest income suburbs: how does your postcode compare?

Western Australia’s Cottesloe and Peppermint Grove the top-earning area while five of the lowest are in regional NSW

Australia’s highest and lowest income suburbs have been revealed in new data released by the Australian Taxation Office.

The data, based on nearly 15m tax returns from 2019-20, reveals the median income and super balances of Australians in each postcode across the country.

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