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Payday lenders have also come under fire due to accusations of predatory lending and charging excessively high interest rates. [4] For payday loan amounts up to $2,000, Australia has a fee cap of 24% per $100 borrowed, made up of a 20% establishment fee and a 4% monthly fee. [5]
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...
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Education in Australia encompasses the sectors of early childhood education [9] (preschool) and primary education (primary schools), followed by secondary education (high schools), and finally tertiary education, which includes higher education (universities and other higher education providers) and vocational education (registered training organisations). [10]
In June 2017, 337 million $100 notes were in circulation, [10] 22% of the total notes in circulation; worth $33,689 million, 46% of the total value for all denominations. [11] In December 2016 it was reported that Australia considered abolishing its $100 note as an effort to close loopholes used by the black economy. [10]
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