| Beware: Scammers Posing as ASIC to Extract Payments Sun, 09 Nov: The Australian Securities and Investments Commission (ASIC) has issued a warning to the public regarding a surge in scams where fraudsters impersonate the commission. These scammers are contacting individuals via emails and text messages, falsely claiming that a payment is required to release funds or assets. - read more
|
| LMG's Asset Finance Exchange Marks $80 Million in Settlements in First Year Sun, 09 Nov: Loan Market Group's (LMG) Asset Finance Exchange (AFX) has reported an impressive $80 million in settlements during its first year of operation, underscoring the rapid growth and significance of the asset finance sector in Australia. This achievement highlights the increasing reliance on asset finance solutions by businesses and individuals seeking flexible funding options. - read more
|
| Private Lending Expansion Opens New Avenues for Australian Brokers Sun, 09 Nov: Australia's private lending sector is experiencing rapid growth, offering brokers new opportunities to connect clients with flexible funding solutions. This expansion is driven by small and medium-sized enterprises (SMEs) seeking alternatives to traditional bank financing, especially as banks tighten lending criteria. - read more
|
| Macquarie Bank's Lending Policy Shift: Implications for Brokers and Clients Sun, 09 Nov: Macquarie Bank has announced a pause on new lending to trusts and companies, a move that is prompting brokers to reassess their strategies and adapt to changing lending policies. Effective from 30 October 2025, the bank will no longer accept new home loan applications where the borrower is a trust or company. - read more
|
| Crusader Caravans and BIG4 Holiday Parks Join Forces to Enhance Caravanning Adventures Sun, 09 Nov: In an exciting development for Australian caravan enthusiasts, Crusader Caravans has announced a strategic partnership with BIG4 Holiday Parks. This collaboration aims to provide new caravan owners with exclusive benefits, enriching their travel experiences across the country. - read more
|
| Australian Caravan Parks Experience Growth Amid Economic Uncertainty Sun, 09 Nov: Recent data indicates a notable increase in occupancy rates across Australian caravan parks, showcasing the sector's resilience in the face of economic challenges. In October 2025, cabin occupancy nationwide rose to 69%, a four-point increase from the previous year. Powered sites saw a three-point rise to 52%, while unpowered sites reached 22% occupancy. - read more
|
| 'Caravan to a Million' Promotion Returns to Boost Caravan Industry Engagement Sun, 09 Nov: The highly anticipated 'Caravan to a Million' promotion is set to return in 2025, aiming to increase consumer engagement with the Australian caravan industry. Developed by the Caravan Industry Association of Australia and supported by state trade associations, the promotion offers participants a chance to win a grand prize of $1 million. - read more
|
| ANZ Bank's $160 Million Fine Highlights Regulatory Compliance Failures Sun, 09 Nov: In a landmark decision, ANZ Bank has agreed to pay a record-breaking A$240 million (approximately US$160 million) fine for a series of serious regulatory breaches. This penalty underscores the growing emphasis on compliance and accountability within Australia's financial sector. - read more
|
| Australia's Electric Vehicle Financing Hits $6 Billion Milestone in 2024 Sun, 09 Nov: In 2024, Australia witnessed a remarkable surge in electric and hybrid vehicle financing, with total loans reaching $6.17 billion—a 50% increase from the previous year. This substantial growth underscores a nationwide shift towards more sustainable transportation options. - read more
|
| ASIC Enhances Enforcement and Reviews AI in Financial Services Sun, 09 Nov: The Australian Securities and Investments Commission (ASIC) has significantly intensified its regulatory activities, reporting a 50% increase in investigations and nearly a 20% rise in new civil enforcement proceedings. This escalation underscores ASIC's commitment to upholding market integrity and protecting consumers within the financial services sector. - read more
|
| ASIC Raises Concerns Over Self-Managed Super Fund Advice Sun, 09 Nov: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of financial advice provided to individuals considering self-managed superannuation funds (SMSFs). The findings have raised significant concerns about the quality and suitability of such advice, highlighting potential risks to Australians' retirement savings. - read more
|
| ASIC Calls for Financial Services Inclusion in Unfair Practices Reforms Sun, 09 Nov: The Australian Securities and Investments Commission (ASIC) has called upon the federal government to broaden proposed reforms aimed at prohibiting unfair trading practices to encompass the financial services sector. This initiative underscores ASIC's commitment to shielding consumers from exploitative conduct that can lead to significant harm. - read more
|
| Australian Housing Market Experiences Significant Price Surge Sat, 08 Nov: In October 2025, Australia's housing market witnessed its most substantial price surge in over two years. This remarkable growth is primarily attributed to recent interest rate cuts implemented by the Reserve Bank of Australia (RBA) and supportive government policies aimed at stimulating the property sector. - read more
|
| Reserve Bank of Australia Holds Cash Rate Steady Amid Inflation Worries Sat, 08 Nov: In its November 2025 meeting, the Reserve Bank of Australia (RBA) decided to keep the cash rate unchanged at 3.60%. This decision reflects the central bank's cautious approach in light of persistent inflationary pressures and a robust housing market. - read more
|
| Pepper Money Engages in Acquisition Talks with Westpac Over Mortgage Broking Portfolio Sat, 08 Nov: In a significant development within Australia's financial sector, non-bank lender Pepper Money has entered preliminary discussions to acquire Westpac's mortgage broking portfolio. This move could have far-reaching implications for the home loan market, particularly for borrowers seeking competitive mortgage options. - read more
|
| Australia's Marine Industry Surges to $229 Billion Economic Output Sat, 08 Nov: Australia's marine industry has demonstrated remarkable resilience and growth, achieving an economic output of $229 billion in 2023. This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS). The sector now supports 712,000 full-time equivalent jobs, marking a 52% rise in employment. - read more
|
| Australia and Vanuatu Forge $325 Million Nakamal Agreement Sat, 08 Nov: In a significant move to bolster regional partnerships, Australia and Vanuatu have signed the Nakamal Agreement, a $325 million bilateral treaty aimed at enhancing economic, security, and cultural cooperation. Named after Vanuatu's traditional communal meeting place, the 'nakamal,' this agreement underscores the deepening ties between the two nations. - read more
|
| Australia's $8 Billion Investment in Nuclear Submarine Shipyard Sat, 08 Nov: Australia has announced a substantial investment of $8 billion to establish new defense facilities in Western Australia, as part of its commitment to the AUKUS nuclear submarine deal. This initiative aims to enhance the nation's naval capabilities and strengthen its strategic position in the Indo-Pacific region. - read more
|
| Suzuki Australia Enhances Motorcycle Financing Through New Partnership Sat, 08 Nov: Suzuki Motorcycles Australia has announced a strategic partnership with Pepper Asset Finance, aiming to provide customers with more flexible and accessible financing options for both new and used motorcycles. This collaboration is set to enhance the purchasing experience for Australian riders by offering tailored financial solutions. - read more
|
| Australian Motorcycle Sales Experience Downturn in Early 2024 Sat, 08 Nov: The Australian motorcycle industry has encountered a significant downturn, with sales dropping by 11% in the first quarter of 2024 compared to the same period in 2023. According to the Federal Chamber of Automotive Industries (FCAI), a total of 19,903 motorcycles and off-highway vehicles (OHVs) were sold between January and March 2024, highlighting the impact of economic challenges on consumer spending. - read more
|
| Peter Stevens Motorcycles Faces Financial Crisis Sat, 08 Nov: Peter Stevens Motorcycles, a cornerstone of Australia's motorcycle retail industry since 1970, has entered voluntary administration, revealing debts exceeding $65.9 million. This development casts uncertainty over the future of the company's 400 employees and its extensive customer base. - read more
|
| TelstraSuper Announces Decrease in Income Protection Insurance Premiums Sat, 08 Nov: TelstraSuper, a profit-for-member superannuation fund, has announced a substantial decrease in income protection insurance premiums for its members. Effective from 1 July 2023, members can expect reductions ranging from 11.5% to 30%, following a comprehensive review of the fund's insurance pricing. - read more
|
| Australian Income Protection Insurance Sales Experience Downturn Sat, 08 Nov: Recent data from Plan For Life indicates a sharp decline in individual income protection insurance sales in Australia, with new risk income sales experiencing an 8.3% downturn in the year ending September 2024. This contrasts with previous periods of growth, highlighting shifting dynamics within the insurance market. - read more
|
| New Port Disruption Insurance Addresses Rising Global Shipping Challenges Sat, 08 Nov: In response to escalating global shipping challenges, leading broker Marsh and Lloyd's underwriter Tokio Marine Kiln have launched a pioneering business interruption insurance specifically designed for ports. This innovative product aims to mitigate the financial impact of trade disruptions caused by various factors, including geopolitical tensions and operational strikes. - read more
|
| Marine Insurers Encouraged to Adopt AI to Mitigate Rising Industry Risks Sat, 08 Nov: The International Union of Marine Insurance (IUMI) annual conference in Singapore has brought to light the critical role of artificial intelligence (AI) in transforming the marine insurance sector. Industry leaders emphasized the necessity for insurers to adopt AI technologies to effectively manage escalating risks and maintain a competitive edge. - read more
|
