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âI couldnât even get a car loan in 1962,â recalls Wendy McCarthy, AO. âI wanted a Mini Minor to drive to my job as a teacher and I remember the bank manager, he said: âYour father will need to be guarantor.â
âI said: âWell, my fatherâs dead.â He said: âHave you got a brother? Maybe he could do it?â I said: âYes, heâs 12â.â
Wendy McCarthy remembers being unable to get a car loan because she lacked a male guarantor.
Credit:James Alcock
McCarthy laughs at the memory, but the consequences of her lack of an older male guarantor were real back then. â[The bank manager] was serious. He would not give me the money.â
Budget 2021: How can it improve Australian women s outcomes?
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Budget 2021: How can it improve Australian women s outcomes?
brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.
Australians Taxed ‘Third-Highest’ Across OECD Countries: Report
Australia’s income tax burden among OECD countries is the third-highest in the world, just behind Denmark and Iceland, according to a report by the Organisation for Economic Co-operation and Development (OECD).
The report published on April 29 comes as Treasurer Josh Frydenberg delivered his pre-budget speech in which he outlined the nation’s focus on job creation and reducing unemployment.
According to the OECD, Australia was approximately 10 percentage points higher than the 37 countries in the OECD, reported The Australian.
Additionally, a single employee in Australia with no children paid 22.7 percent of their $67,200 wage in tax for the 2019-2020 financial year.