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For many young Australians, their annual tax return is an opportunity for extra spending, while some prefer to use their returns to pay off their HECS-HELP debt. Given this is a popular use of tax refund, it is worth tackling the question: Is it better to pay off your university debt as quickly as possible or slowly chip away with the standard small compulsory repayments? The answer may surprise you.
If your current Android phone is looking a little sad next to this generation’s latest and greatest, here’s a chance to nab the Nexus 5X for the very reasonable price of $312, as long as you don’t mind waiting a few days for delivery.
Dick Smith Administrators McGrathNicol have revealed in their Report to Creditors background to the financial performance of Dick Smith, the reasons for its failure, the outcome of the receivership, the likelihood of financial returns to creditors, and the nature of claims that can be pursued, as well as a recommendation that the companies be wound up and liquidators be appointed.
The TL;DR version: too much stock was kept on hand, gift cards are now worthless, employees will get what they are owed (if they haven’t already) but there is “no expectation” that banks and shareholders will receive anything.