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Economic

Instant payments

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Monday, 31 October 2016 09:00

Getting paid instantly by quoting an email address or a mobile number will soon become a reality for Australians. Thanks to changes to our payments system, the “float” - defined as the delay between a payment being made and the funds being received - will disappear (or collapse). Waiting days for funds to arrive will become a thing of the past.


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Economic Rubik’s cube

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Monday, 17 October 2016 09:00

Solving a puzzle is meant to be challenging. But when that puzzle is a Rubik’s cube, with 43 quintillion possible combinations (that’s 18 zeros), the task is near impossible. Players twist and turn the multi-coloured cube’s corners, edges and centre in an attempt to display one single colour on each of the six sides. Most discover that it’s an unattainable goal as moving one piece to achieve colour alignment scrambles the opposite face.


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Deficit myth

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Monday, 19 September 2016 10:00

Politicians constantly draw false parallels between household budgets and government budgets. Our elected leaders love trotting out the familiar line that governments - like households - need to live within their means. Yet every time they espouse this untrue analogy, they display their ignorance of economics.


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Property market

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Monday, 05 September 2016 10:00

Brush off those winter cobwebs, spring is here and it’s a popular season for Australians to sell their homes. The fertile mix of extra sunshine and flowering gardens are said to provide new life to the residential property market and this brings out buyers in droves. This year, the much touted pulling power of spring will be closely watched.


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Guest blog by Mark Degotardi

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Monday, 22 August 2016 10:00

Gateway’s CEO, Paul Thomas, is currently on annual leave. In his place, this week’s guest blogger is Mark Degotardi. Mark was appointed CEO of Australia’s Customer Owned Banking Association in December 2014. Prior to this appointment he held the role of Head of Public Affairs from 2008 after commencing work in the Industry Association in 2003. Mark was appointed a Director of the World Council of Credit Unions in September 2014 and re-elected in July 2015.

Take your marks, set, go – the race to deliver better banking

After the marathon Federal election campaign, Australians are probably relieved that more recent focus has been on the 2016 Rio Olympics.


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