| Marinex Underwriting Debuts in Australian Marine Insurance Sector Tue, 11 Nov: In a significant development for Australia's marine insurance industry, Rhodian Group has announced the launch of Marinex Underwriting, a new agency dedicated to providing specialised marine insurance products tailored to the unique needs of the Australian market. - read more
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| Marsh Secures Role in Australian Navy's Maritime Insurance Program Tue, 11 Nov: In a strategic move to bolster its naval capabilities, the Australian government has appointed global insurance broker Marsh to oversee the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the nation's extensive naval fleet expansion and infrastructure development initiatives. - read more
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| Northern Australian Marinas Appeal for Relief from Escalating Insurance Premiums Tue, 11 Nov: Marina operators in northern Australia are facing a financial storm as marine insurance premiums have surged by over 300% in recent years, prompting urgent calls for government intervention to ensure the sustainability of coastal businesses. - read more
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| RBA's Interest Rate Cut Fuels SME Lending Boom Tue, 11 Nov: In a significant development for Australia's small and medium-sized enterprises (SMEs), the Reserve Bank of Australia's (RBA) recent interest rate cut has led to a substantial increase in business lending. Data from SME lender OnDeck Australia indicates a 40% year-on-year rise in lending volumes during the three months following the RBA's February rate reduction. This surge underscores the positive impact of lower borrowing costs on the SME sector. - read more
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| Prime Capital Unveils 'Business Jumbo Loans' for SMEs Tue, 11 Nov: In response to the growing demand for substantial business financing, Sydney-based non-bank lender Prime Capital has introduced its 'Business Jumbo Loans' program. This initiative offers loans ranging from $5 million to $25 million, with interest rates starting at 8.64% and a loan-to-value ratio of up to 75%. Notably, the approval process is streamlined to provide decisions within 24 hours. - read more
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| NAB Report Identifies Key Challenges Facing Australian SMEs Tue, 11 Nov: The National Australia Bank's (NAB) Q2 2025 Economics SME Business Insights report has shed light on the primary concerns confronting Australian small and medium-sized enterprises (SMEs). The report identifies cash flow management, profitability, and navigating government policies and regulations as the most pressing issues for SMEs. - read more
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| Sure Insurance Boosts Strata Coverage to $20 Million Tue, 11 Nov: In a significant move to address the longstanding issue of insurance affordability in Northern and Regional Queensland, Sure Insurance has announced an increase in its residential strata insurance coverage from $5 million to $20 million. This strategic enhancement aims to provide body corporates and lot owners with more competitive premium options and improved access to essential insurance services. - read more
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| CHU's 2025 Report Shows Stability in Strata Insurance Premiums Amid Climate and Regulatory Shifts Tue, 11 Nov: CHU has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry. The report offers valuable insights into premium movements, the impact of weather events, regulatory developments, and emerging risks affecting strata insurance. - read more
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| ASIC Unveils New Dashboard to Monitor Financial Services Breaches Tue, 11 Nov: The Australian Securities and Investments Commission (ASIC) has launched the Reportable Situations (RS) dashboard, a new tool designed to provide detailed insights into self-reported breaches by financial services licensees.This initiative aims to bolster transparency and improve consumer outcomes within the financial sector. - read more
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| RBA Plans Overhaul of Interbank Settlement System to Meet Future Demands Tue, 11 Nov: The Reserve Bank of Australia (RBA) has announced plans to explore the modernisation of its interbank settlement system, the Reserve Bank Information and Transfer System (RITS), starting in 2026.This initiative aims to ensure that Australia's financial infrastructure remains robust, efficient, and capable of meeting future demands. - read more
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| LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year Mon, 10 Nov: Loan Market Group's (LMG) Asset Finance Exchange (AFX) has achieved approximately $80 million in settlements within its inaugural year, underscoring the robust growth of Australia's asset finance market. The platform connects mortgage brokers with asset finance specialists, facilitating streamlined access to asset finance solutions. - read more
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| NAB's $4.6 Billion Profit Amidst Australia's Housing Crisis Mon, 10 Nov: National Australia Bank (NAB) has reported a cash profit of A$7.09 billion (US$4.6 billion) for the year ending September 30, 2025, reflecting a stable financial performance. Despite this, CEO Andrew Irvine has identified the housing crisis as Australia's most pressing societal and policy challenge, advocating for expedited decision-making to stimulate economic growth and enhance housing availability. - read more
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| ASIC's Review Uncovers Risks in Self-Managed Super Fund Advice Mon, 10 Nov: The Australian Securities and Investments Commission (ASIC) has conducted a review of 100 financial advice cases related to self-managed superannuation funds (SMSFs), uncovering that 27% of these cases could cause serious harm to clients' retirement savings. Additionally, 62% of the advice provided failed to meet the legal standard of acting in clients' best interests. - read more
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| '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
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| 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
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| 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
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| 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
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| 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
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| 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
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