| Geely's 2026 EOFY Deal: Low-Rate Finance and Complimentary Home Charger Sat, 23 May: As the end of the financial year approaches, Geely has unveiled an enticing offer for Australian consumers interested in electric and hybrid SUVs. From May 1 to June 30, 2026, Geely is providing a 0.88% comparison rate finance deal over 36 months, applicable to the EX5 Extended Range and Starray EM-i models. This offer requires no minimum deposit, no establishment fee, and no repayment fees for approved customers. - read more
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| MG HS Super Hybrid: Save $5,000 in EOFY Sale Sat, 23 May: MG has announced a significant price reduction for its HS Super Hybrid range as part of the M-Genius End-of-Financial-Year (EOFY) campaign. Until June 30, 2026, the HS Super Hybrid Excite is available for $42,990 driveaway, down from $47,990, while the Essence variant is priced at $46,990, reduced from $51,990. This $5,000 discount represents approximately a 10% saving on both models. - read more
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| GAC Aion UT: Affordable Electric Hatchback Now Available for Pre-Order Sat, 23 May: Chinese automaker GAC has officially opened pre-orders for its Aion UT electric hatchback in Australia, introducing a compelling option for budget-conscious consumers seeking to transition to electric vehicles. The entry-level Premium grade is priced at $31,990 RRP (before on-road costs), with a special drive-away price of $30,990 available to the first 600 customers. - read more
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| Subaru's Uncharted Electric SUV Arrives in Australia Sat, 23 May: Subaru Australia has expanded its electric vehicle lineup with the introduction of the Uncharted, a compact electric SUV designed to cater to the growing demand for sustainable transportation options. Priced at $59,990 plus on-road costs, the Uncharted offers a compelling blend of performance, range, and features. - read more
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| Subaru Lowers Prices on Solterra and Trailseeker Electric SUVs Sat, 23 May: In a strategic move to make electric vehicle ownership more accessible, Subaru Australia has announced significant price reductions for its Solterra and Trailseeker electric SUVs. Effective from 14 May 2026, these adjustments see prices lowered by up to $4,000 across both models. - read more
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| Janus Electric Secures A$4.5 Million to Advance Zero-Emission Trucking Sat, 23 May: Janus Electric Holdings Limited, an Australian pioneer in heavy vehicle electrification, has successfully raised A$4.5 million through a private placement. This strategic funding is set to accelerate the company's development and deployment of electric truck conversion kits and its innovative battery swap platform, aiming to provide comprehensive zero-emission solutions for the freight and logistics sector. - read more
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| Geely Australia Introduces Attractive EOFY Offers on EX5 and Starray EM-i Sat, 23 May: Geely Australia has unveiled compelling End of Financial Year (EOFY) offers for its electric vehicle lineup, featuring the EX5 Extended Range all-electric SUV and the Starray EM-i Super Hybrid PHEV. These promotions are designed to make electric vehicle ownership more accessible and appealing to Australian consumers. - read more
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| Subaru Australia Lowers Prices on Solterra and Trailseeker Electric SUVs Sat, 23 May: Subaru Australia has announced significant price reductions for its electric SUV models, the Solterra and the yet-to-launch Trailseeker, with cuts of up to $4,000. This strategic move is intended to enhance the competitiveness of Subaru's electric vehicle offerings in the Australian market and align pricing with the Toyota bZ4X, a closely related model. - read more
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| Insurers Sound Alarm on AI-Driven Cyber Threats Sat, 23 May: In the rapidly evolving digital landscape, Australian insurers are raising concerns that artificial intelligence (AI)-driven cyber threats are advancing at a pace that outstrips current market pricing models. This development poses significant challenges for the insurance industry, particularly for tradespeople and small business owners who rely on comprehensive coverage to safeguard their operations. - read more
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| Aviso WA Strengthens Presence with Wray Insurance Acquisition Sat, 23 May: In a strategic move to bolster its service offerings, Aviso WA has announced the acquisition of Wray Insurance, a well-established insurance brokerage in Western Australia. This acquisition is set to enhance Aviso WA's capabilities and expand its client base, providing more comprehensive insurance solutions to tradespeople and small business owners in the region. - read more
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| Surge in Mental Health Claims Challenges Australia's Income Support System Sat, 23 May: Recent data indicates a substantial increase in mental health-related claims, exerting considerable pressure on Australia's income support safety net. This trend underscores the urgent need for systemic reforms to address the growing demand for mental health support and the sustainability of income protection mechanisms. - read more
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| Australian Life Insurers Support Review of Life Insurance Code of Practice Sat, 23 May: The Council of Australian Life Insurers (CALI) has announced an independent review of the Life Insurance Code of Practice, a move welcomed by industry stakeholders aiming to bolster consumer trust and protections. This review signifies a proactive step towards ensuring that the Code remains relevant and effective in addressing the evolving needs of policyholders. - read more
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| Australia Bans Use of Genetic Test Results in Life Insurance Underwriting Sat, 23 May: The Australian Senate has recently passed groundbreaking legislation that prohibits life insurers from using genetic test results in their underwriting processes. This landmark decision aims to protect consumers from potential discrimination based on their genetic information and to ensure fairness in the assessment of life insurance policies. - read more
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| The Growing Importance of Cyber Insurance in Australian Agriculture Sat, 23 May: In today's rapidly evolving agricultural landscape, technology plays a pivotal role in enhancing productivity and efficiency. However, this digital transformation also introduces new vulnerabilities, particularly in the realm of cyber security. Recent research from WFI Insurance highlights a concerning trend: only 25% of Australian farmers are considering cyber insurance as a future necessity, a stark contrast to the 70% of the broader business community acknowledging its importance. - read more
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| ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance Sat, 23 May: The Australian Competition and Consumer Commission (ACCC) has escalated its examination of Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance to a Phase 2 review. This decision reflects concerns that the merger could significantly reduce competition within Western Australia's insurance market. - read more
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| HESTA to Lower Insurance Fees for Members Starting July 2026 Sat, 23 May: HESTA, a prominent Australian superannuation fund, has announced a reduction in insurance fees for its members, effective from July 1, 2026. This initiative is part of a broader strategy to offer more accessible and affordable insurance coverage, particularly in light of the current economic climate and rising cost-of-living pressures. - read more
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| Aviso WA's Strategic Acquisition of Wray Insurance Sat, 23 May: In a strategic move to expand its service offerings, Aviso WA has acquired Wray Insurance, a well-established insurance brokerage. This acquisition aims to enhance the range of services available to clients while ensuring continuity in existing coverage and relationships. - read more
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| Over Two Dozen Lenders Yet to Increase Mortgage Rates Amid RBA Hike Sat, 23 May: In the wake of the Reserve Bank of Australia's (RBA) recent cash rate increase to 4.35%, a notable trend has emerged among Australian lenders. While many major banks have promptly passed on the rate hike to their customers, over two dozen lenders have yet to adjust their mortgage rates. This development presents a unique opportunity for borrowers seeking more favorable loan terms. - read more
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| Anticipated Decline in New Mortgage Applications Following RBA's Rate Increase Sat, 23 May: The Reserve Bank of Australia's (RBA) recent decision to raise the cash rate to 4.35% is anticipated to have a cooling effect on new mortgage demand across the country. This trend reflects the broader impact of rising interest rates on borrower behavior and the housing market. - read more
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| The Boat Works Commences Pier 25 Development Fri, 22 May: The Boat Works, a leading marine maintenance and refit facility on the Gold Coast, has initiated construction on its latest project, Pier 25. This development aims to expand the precinct's offerings by introducing new showrooms, office suites, and crew accommodations. - read more
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| Lloyd's Register and Echo Marine Group to Deliver WA's First Electric Ferry Fleet Fri, 22 May: Lloyd's Register (LR) has strengthened its partnership with Echo Marine Group to support the delivery of Western Australia's first fully electric passenger ferries. This initiative marks a significant step towards sustainable public transport in Australia. - read more
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| Non-Bank Lenders Seek Access to Economic Resilience Program Fri, 22 May: Non-bank lenders are calling for inclusion in the Australian government's $1 billion Economic Resilience Program, emphasizing their crucial role in providing finance to small and medium-sized enterprises (SMEs). The Reserve Bank of Australia has noted a significant increase in the non-bank share of SME lending since 2022, particularly for smaller loans. This growth is driven by SMEs' demand for faster decisions, more flexible criteria, and diverse funding options. - read more
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| Subprime SMEs Escalate Credit Shopping Efforts Fri, 22 May: Recent data indicates a notable shift in borrowing behavior among Australian small and medium-sized enterprises (SMEs), particularly those classified as high-risk. While overall business credit demand has remained relatively stable, subprime SMEs are increasingly approaching multiple lenders in search of financing solutions. - read more
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| AFIA and Government Unite to Aid SMEs During Fuel Crisis Fri, 22 May: The Australian Finance Industry Association (AFIA) has announced a partnership with the Australian government to provide support to small and medium-sized enterprises (SMEs) impacted by global fuel market disruptions. This collaboration aims to address the financial challenges faced by businesses due to rising fuel costs and supply chain issues. - read more
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| Essential Caravans' Acquisition of Zone RV: Implications for Customers Fri, 22 May: The Australian caravan industry has witnessed a significant development with Melbourne-based Essential Caravans acquiring the assets of the collapsed luxury manufacturer, Zone RV. This acquisition, valued at approximately $8 million, aims to revitalise the Zone RV brand and continue production at its Sunshine Coast facility. However, the deal has left over 100 customers, who collectively paid millions in progress payments for caravans that remain unbuilt, facing substantial financial losses. - read more
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Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
