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Last Updated: Wednesday, 26th March, 4:25PM
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![]() | Active Super Fined $10.5 Million Over Misleading ESG Claims Wed, 26 Mar: Active Super has faced a substantial financial penalty from the Federal Court, amounting to $10.5 million, due to misleading environmental, social, and governance (ESG) claims. This ruling comes after action taken by the Australian Securities and Investments Commission (ASIC), which identified discrepancies between Active Super’s ESG investment claims and their actual portfolio. - read more
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![]() | Monthly CPI Falls Short Again as Key Components Decline Wed, 26 Mar: A recent release by the Australian Bureau of Statistics (ABS) indicates that the monthly Consumer Price Index (CPI) is underwhelming expectations once more. The seasonally adjusted CPI increased by 2.4%, while the CPI excluding volatile items like holiday travel posted a 2.7% rise. Similarly, the annual trimmed mean registered a 2.7% uptick. - read more
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![]() | Consumer Advocates Criticise Insurers Over 'Poverty Premiums' and 'Loyalty Taxes' Wed, 26 Mar: Consumer advocacy groups have voiced strong opposition to the insurance industry's decision to reject recommendations designed to eliminate practices that disadvantage consumers, including charging higher rates for monthly bill payments and increasing renewal premiums for loyal customers. The Financial Rights Legal Centre has cited ongoing reports from consumers being adversely affected by these pricing practices, which they refer to as a 'poverty premium' and a 'loyalty tax.' - read more
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![]() | Key Insights from Australia's Latest Federal Budget Wed, 26 Mar: The Australian government's federal budget for 2025-26 indicates little change from previous projections. With the economy seemingly recovering, growth is anticipated to rise, while inflation continues its downward trend. However, the budget deficit is set to widen, moving from $27.6 billion in 2024-25 to $42.1 billion in 2025-26. Despite the potential fiscal challenges, significant new tax cuts and spending initiatives highlight the government's focus on alleviating cost-of-living pressures. - read more
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![]() | Double your Home Loan Deposit in half the time Saving is never an easy thing to do and saving for a deposit on a home is twice as hard. However, with the right strategy in place, your savings can grow and grow, cutting the waiting time to your own home in half. - read more
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![]() | Preparing for the Worst: Developing a Comprehensive Disaster Response Plan for Your Farm As a farmer, you know that unexpected events can have a significant impact on your farm and your livelihood. Natural disasters, such as floods, fires, droughts, and storms, can occur at any time and have devastating consequences. That's why it's crucial to have a comprehensive disaster response plan in place to protect your property, assets, and, most importantly, your loved ones and livestock. - read more
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![]() | Claims Made Simple: What to Expect When Filing Hotel Insurance Claims Running a hotel is a complex operation that involves many moving parts. From welcoming guests to maintaining the property, there's a lot to manage. One critical aspect that often flies under the radar is hotel insurance. This form of insurance plays a crucial role in safeguarding your business from unforeseen events that could disrupt operations or impact your financial health. Whether it's damage from natural disasters or unexpected liabilities, insurance is your safety net. - read more
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![]() | What Hospitality Business Owners Need to Know About Income Protection Insurance The Australian hospitality industry is renowned for its vibrancy, yet it also faces significant challenges. With fluctuating demand, seasonal changes, and unpredictable external factors such as economic downturns and pandemics, hospitality businesses often operate in a high-risk environment. For hotel operators, the stakes are even higher due to substantial investments in property, staff, and customer service. - read more
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