| AMP Bank's SuperEdge: A New Era in SMSF Property Lending Thu, 28 May: AMP Bank has re-entered the self-managed super fund (SMSF) lending market with the launch of SuperEdge, marking its return after an eight-year hiatus. This move aims to provide SMSF trustees with enhanced flexibility and control over their retirement investments. - read more
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| Liberty Financial's Record Growth in SME and SMSF Lending Thu, 28 May: Liberty Financial Group has reported a significant increase in small and medium-sized enterprise (SME) and self-managed super fund (SMSF) lending volumes, achieving record growth in these sectors. This surge has effectively offset a slight decline in the company's residential loan portfolio, underscoring the benefits of a diversified lending strategy. - read more
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| Plenti Group's Record-Breaking Financial Performance in FY26 Thu, 28 May: Plenti Group Limited has announced a record cash profit before tax (PBT) of $30.8 million for the financial year ending 31 March 2026, marking a 117% increase from the previous year. This achievement underscores the company's robust growth and profitability in the competitive non-bank lending sector. - read more
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| Prattline's Low Tow Caravan: A New Era in Off-Road Travel Thu, 28 May: Prattline has launched the Low Tow, a compact off-road caravan designed to revolutionise the travel experience for adventure enthusiasts. This model boasts a unique two-shell expanding design, allowing for a low profile during transit and expanded living space when stationary. - read more
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| Trakka's 48V Trakkadu: Redefining Off-Grid Campervan Travel Thu, 28 May: Trakka has unveiled the 48V Trakkadu, a campervan that sets a new standard in off-grid travel capabilities. This model is equipped with a robust 48V off-grid battery system and a powered roof, offering enhanced convenience and energy efficiency for travellers. - read more
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| Toyota Expands Electric Vehicle Offerings with Hilux BEV and bZ4X Touring Thu, 28 May: Toyota has made significant strides in the Australian electric vehicle (EV) market with the recent launch of the Hilux BEV and the bZ4X Touring. These additions reflect Toyota's commitment to providing a diverse range of low-emission vehicles tailored to various consumer preferences. - read more
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| Electric Vehicles Capture Record 16.4% of Australian New Car Sales Thu, 28 May: In April 2026, electric vehicles (EVs) achieved a significant milestone in Australia, accounting for 16.4% of all new car sales. This marks a substantial increase from previous years and underscores a growing shift towards sustainable transportation options among Australian consumers. - read more
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| Australian Government Announces Reduction in EV Tax Incentives from 2027 Thu, 28 May: The Australian government has announced plans to gradually reduce tax exemptions for electric vehicles (EVs) starting in April 2027. This decision comes in response to the escalating costs associated with the current incentive scheme, which have significantly exceeded initial projections. - read more
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| SCIBS 2026: Celebrating a Milestone in Australia's Marine Industry Thu, 28 May: The 37th Sanctuary Cove International Boat Show (SCIBS) has wrapped up with remarkable success, drawing over 41,000 visitors to the Gold Coast's Sanctuary Cove from 21 to 24 May 2026. This year's event showcased the latest in marine innovation, luxury yachts, and boating accessories, reinforcing its position as the Southern Hemisphere's premier marine event. - read more
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| South Australia Extends Gulf St Vincent Fishing Ban Amid Stock Concerns Thu, 28 May: The South Australian government has announced an extension of the commercial fishing ban in Gulf St Vincent until May 2027, aiming to facilitate the recovery of declining fish stocks affected by a recent algal bloom. This decision impacts approximately 50 businesses operating in the region, stretching from Adelaide to Kangaroo Island and the Yorke Peninsula. - read more
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| Latitude Financial Penalised for Breaching Spam Regulations Thu, 28 May: Latitude Financial, a prominent non-bank consumer finance company in Australia, has been fined nearly $4 million by the Australian Communications and Media Authority (ACMA) for repeated breaches of the nation's spam laws. This penalty follows the company's previous $1.5 million fine in 2022 for similar infractions. - read more
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| ASIC Cracks Down on Unlicensed Financial Advice by Social Media Influencers Thu, 28 May: The Australian Securities and Investments Commission (ASIC) has intensified its scrutiny of social media influencers, commonly known as 'finfluencers,' by issuing warning notices to four individuals suspected of providing unlicensed financial advice. This action is part of ASIC's broader initiative to safeguard consumers from potentially misleading or harmful financial information disseminated online. - read more
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| Federal Court Penalizes Cigno Australia for Unlawful Lending Practices Thu, 28 May: The Federal Court has imposed a $7 million fine on Cigno Australia and BSF Solutions, along with their respective directors, for operating an illegal payday lending scheme that contravened Australian credit laws. This ruling marks a significant step in the Australian Securities and Investments Commission's (ASIC) efforts to protect consumers from predatory lending practices. - read more
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| Australian Truck Drivers Seek Relief Amid Fuel Price Surge Thu, 28 May: The Australian trucking industry is confronting a severe challenge as escalating fuel prices place immense financial pressure on drivers and operators. This crisis has led to urgent appeals for major clients, including retailers and manufacturers, to share the burden to prevent widespread business closures. - read more
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| Easing Conditions in Australia's Commercial Insurance Market Thu, 28 May: In the first half of 2026, Australia's commercial insurance market has experienced a notable softening, characterized by easing pricing across various lines and a broadening of insurer appetite. This trend is detailed in the latest Insurance Market Trends and Outlook report released by EBM Insurance & Risk on May 11, 2026. - read more
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| APRA Freezes Unjustified Premium Increases in Commercial Auto Insurance Thu, 28 May: In March 2026, the Australian Prudential Regulation Authority (APRA) took decisive action to address significant premium hikes in the commercial auto insurance sector. Responding to widespread industry concerns, APRA issued emergency regulations to freeze unjustified baseline premium increases exceeding 25%, pending external review. - read more
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| Understanding the Impact of the RBA's May 2026 Cash Rate Increase on Home Loans Wed, 27 May: On 5 May 2026, the Reserve Bank of Australia (RBA) announced a 25 basis point increase to the official cash rate, bringing it to 4.35%. This marks the third consecutive rate hike this year, reflecting the central bank's efforts to address rising inflation and economic growth concerns. - read more
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| NorthStandard's 5% P&I Premium Increase: What It Means for Marine Insurers Wed, 27 May: NorthStandard, a prominent global marine insurer, has announced a 5% increase in Protection and Indemnity (P&I) premiums, effective from 20 February 2026. This decision reflects the company's response to ongoing market unpredictability and associated risks. - read more
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| High Court Decision Eliminates Liability Cap for Wreck Removal Claims Wed, 27 May: In a landmark decision, Australia's High Court has unanimously ruled that Protection and Indemnity (P&I) insurers cannot limit their liability for wreck removal and pollution clean-up claims. This ruling emerged from the case involving Standard Club UK Ltd, the P&I insurer for CSL Australia, following a 2022 collision at the Port of Devonport, Tasmania. - read more
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| Cyclone Narelle's Impact on Marine Insurance in Northern Australia Wed, 27 May: Severe Tropical Cyclone Narelle, which struck Northern Australia in March 2026, has brought to the forefront the escalating challenges in securing marine hull insurance in regions like Northern Queensland and Western Australia. The cyclone's path, impacting both the Northern Territory and the northwest of Western Australia, exemplifies the increasing volatility of weather patterns and their profound implications for the marine insurance sector. - read more
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| Vero's 2026 SME Insurance Index Uncovers Critical Risk Management Gaps in Australian Small Businesses Wed, 27 May: Vero's recently released 2026 SME Insurance Index has brought to light significant disparities in risk management practices between small and large Australian businesses. The survey, encompassing over 1,500 enterprises, underscores the pressing need for enhanced risk strategies among small and micro businesses to bolster their resilience in an increasingly volatile economic landscape. - read more
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| Australian Commercial Insurance Market Maintains Soft Conditions Through First Half of 2026 Wed, 27 May: The Australian commercial insurance landscape has sustained its soft market conditions through the first half of 2026, characterised by competitive pricing, expanded underwriting capacity, and heightened competition among insurers. This environment presents both opportunities and considerations for businesses seeking to optimise their insurance portfolios. - read more
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| EML Group's Strategic Acquisition of Guild Insurance to Drive Growth and Innovation Wed, 27 May: In a strategic move poised to reshape the Australian insurance landscape, EML Group has acquired a majority stake in Guild Insurance. This partnership is set to unlock new growth opportunities and expedite the development of technological and artificial intelligence (AI) capabilities within the sector. - read more
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| Soft Conditions Persist in Australia's Commercial Insurance Market Through H1 2026 Wed, 27 May: Australia's commercial insurance market has maintained its soft stance throughout the first half of 2026, characterized by competitive pricing and expanded insurer capacity. This trend is largely attributed to improved insurer profitability, stabilized reinsurance conditions, and a global surplus of capital, all contributing to downward pressure on premiums across various insurance classes. - read more
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| Regulators Call for Action on TPD Insurance Sustainability Amid Rising Mental Health Claims Wed, 27 May: The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly raised concerns regarding the sustainability of Total and Permanent Disability (TPD) insurance, particularly in light of the increasing prevalence and complexity of mental health-related claims. - 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.
