The Turnbull Government is looking at the possibility of extending the GST to financial services to pay for a cut to the company tax rate.
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An RBA official says Australian banks have understated the value of investor loans and it justifies the decision from regulators to crack down on investor loans.

The Reserve Bank has resisted the temptation to cut interest rates on Melbourne Cup day but has left the door open for more cuts in the future.

The Reserve Bank has no need to cut interest rates tomorrow according to the Australian National University.

Now that the big four banks have all lifted their mortgage rates after Westpac made the first move, it could put the onus on the RBA to again cut their official rate on Melbourne Cup day.
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