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Last Updated: Friday, 7th November, 3:25PM
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Last Updated: Friday, 7th November, 3:25PM
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Last Updated: Friday, 7th November, 5:25AM
| USD | $ | 0.6485 | United States Dollars |
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| ANZ Bank Announces Significant Workforce Reduction Amid Strategic Overhaul Fri, 07 Nov: In a decisive move to streamline operations, ANZ Bank has unveiled plans to reduce its workforce by 3,500 positions over the next year.This strategic decision is part of a broader restructuring initiative aimed at enhancing efficiency and competitiveness within the rapidly evolving financial services sector. - read more
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| Optus Penalized for Unethical Sales Tactics Targeting Vulnerable Australians Fri, 07 Nov: In a landmark ruling, Australian telecommunications provider Optus has been fined AU$100 million (US$66 million) for engaging in unconscionable sales practices that targeted vulnerable customers, including Indigenous individuals residing outside the company's mobile coverage areas. - read more
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| Surge in Personal Insolvencies Reported by AFSA for September 2025 Fri, 07 Nov: The Australian Financial Security Authority (AFSA) has released provisional statistics indicating a rise in personal insolvencies during September 2025.This uptick reflects the ongoing financial challenges faced by individuals amid economic uncertainties and evolving market conditions. - read more
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| Westpac's Annual Profit Declines Amidst Mortgage Market Competition Thu, 06 Nov: Westpac Banking Corporation has reported a slight decrease in its annual profit, recording A$6.99 billion for the fiscal year ending September 30, 2025, down from A$7.11 billion the previous year. Despite this decline, the result surpassed analysts' expectations of A$6.83 billion. The bank attributes this dip to intensified competition within Australia's mortgage market and a marginal reduction in its net interest margin, which fell by 1 basis point to 1.94%. - read more
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| Essential Guide to Insuring Your Converted Van or Bus in Australia Owning a converted van or bus is a dream for many adventurous Australians. It offers freedom, mobility, and the chance to explore the great outdoors with the comfort of home on wheels. However, with this unique lifestyle comes specific responsibilities, one of which is ensuring your beloved vehicle is adequately insured. - read more
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| What Type of Insurance Does a Restaurant Need in Australia? Running a restaurant in Australia comes with a unique set of risks, making restaurant insurance a crucial consideration for business stability. Essential policies typically include public liability, property insurance, and workers’ compensation. These protect against claims for injury or property damage, damage to your premises, and staff-related incidents. For many restaurant owners, these core coverages form the foundation of a solid risk management plan. - read more
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| Why Every Commercial Kitchen Needs Equipment Insurance Running a commercial kitchen in Australia means relying heavily on specialised equipment, from ovens and deep fryers to refrigeration and extraction systems. These assets are critical to daily operations and represent a significant investment for any restaurant or café owner. Protecting this equipment is vital, as unexpected damage or faults can quickly disrupt service and impact your bottom line. - read more
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| How to minimise risk and stay compliant when starting a new restaurant Restaurant insurance in Australia provides vital protection for businesses in the hospitality sector. A tailored restaurant insurance policy can help cover a variety of risks unique to the industry, such as property damage, equipment breakdowns, customer injuries, and food contamination incidents. For many restaurant owners, having the right level of insurance is an essential part of running a compliant and resilient business. - read more
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