| Surge in Personal Loans as Australians Grapple with Rising Living Costs Tue, 09 Jun: In the first quarter of 2026, Australians have borrowed a record $5.1 billion in personal loans, according to the Australian Bureau of Statistics. This significant increase reflects the mounting financial pressures faced by households due to escalating living costs. - read more
|
| Australian Government Fast-Tracks $6.15 Billion to Bolster Business Resilience Tue, 09 Jun: In response to ongoing global disruptions affecting local industries, the Australian government has expedited the release of $6.15 billion in concessional capital to support businesses. This initiative aims to protect manufacturing and supply chain enterprises from market volatility and to encourage investments in production capacity and decarbonisation efforts. - read more
|
| Plenti Group Achieves Record Profit Growth in FY26 Tue, 09 Jun: Plenti Group Limited has reported a remarkable 117% increase in Cash Profit Before Tax (PBT), reaching $30.8 million for the financial year ending 31 March 2026. This substantial growth underscores the company's successful execution of its strategic objectives and the robustness of its digital lending platform. - read more
|
| Record High Personal Loan Borrowing Amidst Rising Living Costs in Australia Tue, 09 Jun: In the first quarter of 2026, Australians have borrowed a record $5.1 billion in personal loans, as reported by the Australian Bureau of Statistics. This significant increase reflects the mounting financial pressures faced by individuals due to escalating living costs. - read more
|
| Latitude Financial Penalised for Breaching Australian Spam Regulations Tue, 09 Jun: Latitude Financial, Australia's largest non-bank consumer finance company, has been fined $3.96 million by the Australian Communications and Media Authority (ACMA) for violating spam laws. The company sent over 2.3 million marketing messages between March 2024 and April 2025 without accurate contact information, and nearly 345,000 of these lacked a functional unsubscribe option. - read more
|
| ABARES Forecasts Significant Decline in Australian Farm Profits Tue, 09 Jun: The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has released a report forecasting a substantial decline in broadacre farm profits, projecting a 70% decrease to approximately $65,000 per farm. This downturn is attributed to escalating input costs and persistent drought conditions affecting various regions. - read more
|
| Low Adoption of Cyber Insurance Among Australian Farmers Tue, 09 Jun: Recent research from WFI Insurance reveals that only 25% of Australian farmers are considering cyber insurance, despite approximately 80% of farms now utilising some form of agricultural technology (agri-tech). This disparity highlights a significant vulnerability within the sector, as increased digitisation exposes farms to potential cyber threats. - read more
|
| Integrating Sustainability into Farm Risk Management Strategies Tue, 09 Jun: In the face of increasing climate variability, Australian agriculture is shifting its approach by integrating sustainability into core risk management strategies. This evolution reflects a broader recognition that environmental stewardship is intrinsically linked to the resilience and long-term viability of farming operations. - read more
|
| RBA Holds Cash Rate at 4.35% Amid Economic Uncertainty Tue, 09 Jun: The Reserve Bank of Australia (RBA) has decided to maintain the official cash rate at 4.35% during its June 2026 meeting. This decision comes amidst a backdrop of slowing economic growth and persistent inflationary pressures. - read more
|
| APRA Evaluates 3% Serviceability Buffer Following Industry Consultation Tue, 09 Jun: The Australian Prudential Regulation Authority (APRA) is currently reviewing the 3% serviceability buffer applied to mortgage lending, following a consultation period that concluded in early June 2026. This buffer requires lenders to assess borrowers' ability to repay loans at an interest rate 3% higher than the current rate, aiming to ensure financial resilience among borrowers. - read more
|
| Liberty Financial Achieves Record SME and SMSF Lending Amid Residential Loan Decline Tue, 09 Jun: Liberty Financial Group has reported record lending volumes in the Small and Medium-sized Enterprise (SME) and Self-Managed Super Fund (SMSF) sectors for the first half of the 2026 financial year. This achievement has helped offset a decline in the company's residential loan portfolio. - read more
|
| RIC's New Financial Support for Australia's Primary Producers Tue, 09 Jun: The Regional Investment Corporation (RIC) has announced the introduction of two new low-interest loan products aimed at supporting Australian farmers and fishers grappling with the adverse effects of drought and harmful algal blooms. This initiative reflects the government's commitment to bolstering the resilience of the nation's primary producers in the face of environmental challenges. - read more
|
| Dashdot's Sudden Collapse: Impact on Australian Property Investors Tue, 09 Jun: In a significant development within Australia's property investment sector, buyer's agency Dashdot has collapsed, leaving hundreds of clients financially impacted. This event has raised serious concerns about the practices and stability of buyer's agencies operating in the country. - read more
|
| AFIA Endorses Federal Budget's Commitment to SME Support Tue, 09 Jun: The Australian Finance Industry Association (AFIA) has expressed strong support for the Federal Budget's emphasis on small and medium-sized enterprise (SME) support, regulatory reform, and economic resilience. This endorsement highlights the critical role of SMEs in Australia's economy and the necessity for policies that foster their growth and sustainability. - read more
|
| Pioneering Australia's First Fully Electric Passenger Ferry Tue, 09 Jun: In a groundbreaking development for Australia's marine industry, Aus Ships and Volvo Penta have announced their collaboration to construct the nation's first fully electric passenger ferry. This initiative signifies a major advancement in sustainable marine transportation, aligning with global efforts to reduce carbon emissions and promote eco-friendly alternatives. - read more
|
|
| Pioneering Australia's First Fully Electric Passenger Ferry Tue, 09 Jun: In a groundbreaking development for Australia's marine industry, Aus Ships and Volvo Penta have announced their collaboration to construct the nation's first fully electric passenger ferry. This initiative signifies a major advancement in sustainable marine transportation, aligning with global efforts to reduce carbon emissions and promote eco-friendly alternatives. - read more
|
| Non-Bank Lenders Advocate for Inclusion in Economic Resilience Program Tue, 09 Jun: Non-bank lenders are urging the Australian government to include them in the $1 billion Economic Resilience Program, emphasizing their crucial role in providing financing to small and medium-sized enterprises (SMEs). This program aims to bolster businesses affected by economic challenges, and non-bank lenders argue that their participation would enhance the program's effectiveness. - read more
|
| Brokers Adapt Strategies Amid Shifting Commercial Finance Landscape Tue, 09 Jun: As the commercial finance landscape in Australia undergoes significant changes, brokers are adapting their strategies to better serve small and medium-sized enterprises (SMEs). Rising costs, regulatory shifts, and evolving economic conditions are prompting brokers to refine their approaches to meet the diverse financing needs of businesses. - read more
|
| Sherco's Competitive Finance Rates for 2026 Two-Stroke Factory Models Tue, 09 Jun: Sherco Australia has unveiled an enticing finance promotion aimed at making their 2026 two-stroke Factory range more accessible to riders. This initiative offers low-interest rates on select models, providing an excellent opportunity for enthusiasts to own a new Sherco motorcycle. - read more
|
| Yamaha's Limited-Time 2.99% Finance Offer on 2026 Road Bikes Tue, 09 Jun: Yamaha Motor Australia has launched a compelling finance offer, providing a 2.99% per annum comparison rate on select 2026 and earlier road bike models. This limited-time promotion aims to make Yamaha's popular motorcycles more accessible to a broader range of riders. - read more
|
| Wisr Expands Vehicle Finance with Secured Motorbike Loans Tue, 09 Jun: Australian fintech lender Wisr has broadened its vehicle finance portfolio by introducing secured motorbike loans, now available through its broker network. This strategic move aims to cater to the growing demand for flexible and accessible motorcycle financing options. - read more
|
| APRA Intervenes to Freeze Unjustified Premium Increases in Commercial Auto Insurance Tue, 09 Jun: 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. This intervention aims to protect independent transport operators and logistics enterprises from immediate financial strain. - read more
|
| Emergence Insurance Strengthens Cyber Risk Portfolio with Blue Zebra Acquisition Tue, 09 Jun: Emergence Insurance has announced the acquisition of Blue Zebra's cyber insurance portfolio, marking a significant expansion of its cyber risk offerings in the Australian market. This move is set to bolster Emergence's capabilities in providing comprehensive cyber insurance solutions to businesses across the country. - read more
|
| State Government Initiates Bushfire Mitigation Trials in Urban Fringe Areas Tue, 09 Jun: In response to the increasing threat of bushfires in urban fringe areas, a state government has commenced trials of new mitigation measures designed to enhance community safety. These initiatives aim to reduce the risk and impact of bushfires on residential communities situated near bushland. - read more
|
| APRA Emphasizes Financial System Strength Amid Emerging Challenges Tue, 09 Jun: In a recent address to the Senate Economics Legislation Committee, the Australian Prudential Regulation Authority (APRA) reaffirmed the robustness of Australia's financial system, while also drawing attention to emerging risks that could impact its stability. - read more
|
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
