| Essential Tips for Successfully Securing a Jet Ski Loan in Australia Fri, 10 Oct: Acquiring a jet ski is an exciting prospect, but securing the necessary financing requires careful planning and understanding of the loan process. Here are essential tips to enhance your chances of obtaining a jet ski loan in Australia. - read more
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| Australian Entrepreneurs Embrace Business Acquisitions Over Startups Fri, 10 Oct: In recent years, a notable trend has emerged among Australian entrepreneurs: a growing preference for acquiring existing businesses rather than launching new startups. This strategic shift reflects a desire for stability and immediate scalability, reducing the inherent risks associated with starting a business from scratch. - read more
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| Call for Government-Backed Loan Guarantee to Support SME Acquisitions Fri, 10 Oct: Australian accountants are rallying for the establishment of a government-backed Small Business Loan Guarantee to facilitate the acquisition of existing small and medium-sized enterprises (SMEs). This initiative aims to address the financing challenges faced by prospective buyers, particularly in light of the impending retirement of numerous business owners. - read more
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| Embracing AI: How Australian SMEs Are Driving Growth and Efficiency Fri, 10 Oct: Australian small and medium-sized enterprises (SMEs) are increasingly integrating artificial intelligence (AI) into their operations, leading to enhanced efficiency and revenue growth. A recent Salesforce report indicates that 85% of Australian SME leaders are either using or experimenting with AI technologies, surpassing the global average of 75%. - read more
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| QBE Faces Legal Action Over Misleading Discount Practices Fri, 10 Oct: The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against QBE Insurance, alleging that the insurer misled more than 500,000 customers regarding promised discounts on various insurance products between July 2017 and September 2022. This action underscores the regulator's commitment to ensuring transparency and fairness within the insurance sector. - read more
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| Debate Intensifies Over Proposed NSW Strata Commission Ban Fri, 10 Oct: The New South Wales (NSW) government's proposal to ban commissions on strata insurance has ignited a contentious debate between consumer advocacy groups and industry leaders. This reform aims to eliminate potential conflicts of interest and enhance transparency within the strata management sector. - read more
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| Steadfast Group's Strata Insurance Practices Under Investigation Fri, 10 Oct: Steadfast Group, Australia's largest strata insurance broker, is currently under scrutiny following allegations that it misled customers by not disclosing more affordable insurance options from competitors. This situation has prompted the Australian Competition and Consumer Commission (ACCC) to advocate for a ban on commissions within the strata insurance market, citing concerns over undisclosed payments that may be inflating costs for apartment owners. - read more
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| Surge in Business Loan Applications Amid ATO Debt Rule Changes Thu, 09 Oct: Small and medium-sized enterprises (SMEs) across Australia are experiencing a significant shift in financial strategy due to impending changes in tax debt regulations by the Australian Taxation Office (ATO). Effective from July 1, general interest charges (GIC) and shortfall interest charges (SIC) on tax debts will no longer be tax-deductible. - read more
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| RBA Advises Caution on Borrowing as Interest Rates Set to Fall Thu, 09 Oct: The Reserve Bank of Australia (RBA) has issued a cautionary statement to households, advising against excessive borrowing in anticipation of potential interest rate reductions. This warning aims to prevent the emergence of a boom-and-bust cycle that could destabilize the financial system. - read more
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| Lendela and Revive Financial Join Forces to Address Australia's Growing Debt Challenges Thu, 09 Oct: In response to the escalating debt crisis in Australia, Lendela, a leading loan matching platform, has announced a strategic partnership with Revive Financial, the nation's largest debt relief and management firm. This collaboration aims to empower Australians facing financial distress by offering tailored debt solutions designed to restore financial stability. - read more
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| Macquarie Bank Shifts Strategy: Exits Car Loans to Prioritise Mortgages Thu, 09 Oct: In a significant strategic shift, Macquarie Bank has announced its decision to cease offering car loans, redirecting its focus towards expanding its mortgage and deposit services. This move is set to result in the loss of approximately 100 jobs within the bank's automotive lending division. - read more
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| The Digital Revolution in Auto Financing: A Boon for Australian Car Buyers Thu, 09 Oct: The automotive finance industry in Australia is undergoing a significant digital transformation, offering consumers more streamlined and personalised experiences when securing car loans. This shift is largely driven by fintech companies leveraging advanced technologies to simplify the borrowing process. - read more
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| Revolutionising the Used Car Market: The Rise of Data-Driven Platforms in Australia Thu, 09 Oct: The Australian used car market is experiencing a transformative shift, driven by innovative platforms that leverage data to enhance the car buying experience. One such platform, Carma, is at the forefront of this revolution, offering consumers a seamless online process to purchase quality-assured used vehicles. - read more
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| Gold Reaches Unprecedented Heights Amid Global Instability Wed, 08 Oct: In an unprecedented turn of events, gold prices have surged to nearly $US4000 per ounce, positioning the precious metal as Australia’s second most valuable export. This dramatic price escalation is driven by a complex interplay of factors including cuts in US interest rates and global geopolitical tensions, leading investors to seek the security of stable, tangibly-valued assets like gold. - read more
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| WA Police Leaders Consider Tax and Superannuation Changes to Tackle Retention Challenges Wed, 08 Oct: Western Australia's Police Minister, Reece Whitby, is advocating for federal tax and superannuation reforms as potential solutions to boost retention within the police force. This initiative comes amidst ongoing issues with keeping experienced officers from leaving the service. - read more
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| Australian Court Upholds Ruling on Misleading Harvey Norman Ads Wed, 08 Oct: The Full Court of the Federal Court of Australia has upheld a prior decision against Latitude Financial and Harvey Norman, maintaining that certain advertisements were misleading. These ads, which ran from January 2020 to August 2021, promoted ‘no deposit’ and ‘interest-free’ payment options but failed to disclose the necessity of acquiring a Latitude GO Mastercard to avail the offer. - read more
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| Regulatory Pressure on Investment Governance Following Fund Collapses Wed, 08 Oct: The Australian government has directed the Australian Securities and Investments Commission (ASIC) to reassess current financial resource stipulations for managed investment scheme (MIS) operators. Concurrently, the Australian Prudential Regulation Authority (APRA) has advised platform trustees to enhance governance standards. These actions stem from the collapse of the Shield and First Guardian master funds, which led to significant investor losses. - read more
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| Jailed Broker Misuses Client Funds for Personal Gain Wed, 08 Oct: In a significant breach of trust, New Zealand insurance broker in Murray McClune has been sentenced to three years and seven months in prison for embezzling $NZ1.7 million ($1.5 million) from two elderly couples, as reported by the Financial Markets Authority. McClune, a registered financial adviser during 2016-2018, exploited his long-term relationship with his victims by offering fraudulent investment opportunities through his business, Insurance Plus. - read more
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| ASIC Initiates Comprehensive Review of Motor Vehicle Finance Practices Wed, 08 Oct: The Australian Securities and Investments Commission (ASIC) has commenced a thorough review of the motor vehicle finance sector, aiming to bolster consumer protections and ensure industry-wide compliance. This initiative is particularly focused on the experiences of borrowers in regional and remote areas, including First Nations communities. - read more
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| Macquarie Transfers $1.5 Billion Car Loan Portfolio to Allied Credit Wed, 08 Oct: In a significant development within the Australian financial sector, Macquarie Group's Banking and Financial Services division has agreed to sell a substantial portion of its car loan portfolio, valued at $1.5 billion, to Allied Credit. This transaction involves over 50,000 car loans and is expected to be finalised by the fourth quarter of 2025. - read more
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| Bank Australia Ends Financing for New Petrol, Diesel, and Hybrid Vehicles Wed, 08 Oct: In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This policy change is part of the bank's commitment to achieving net-zero carbon emissions by 2035. - read more
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| Crusader Caravans Triumphs as 2025 Manufacturer of the Year Wed, 08 Oct: Crusader Caravans has once again demonstrated its leadership in the Australian caravan industry by securing the Manufacturer of the Year award for 2025, presented by Caravan Industry Victoria (CIV). This marks the fourth time the company has received this prestigious accolade, underscoring its unwavering commitment to excellence in caravan and RV manufacturing. - read more
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| NRMA's Review Crew: Your Ticket to Authentic Australian Adventures Wed, 08 Oct: The NRMA has unveiled an exciting initiative aimed at enriching the travel experiences of Australians: the My NRMA Rewards Review Crew. This program invites members to participate in unique journeys across the country and share their authentic experiences, providing valuable insights for fellow travelers. - read more
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| Crusader Caravans' Buyer’s Guide: A Must-Read for Prospective Owners Wed, 08 Oct: Crusader Caravans has observed a remarkable surge in interest for their comprehensive Buyer’s Guide and Checklist, with downloads doubling over the recent holiday period. This trend underscores the growing demand among Australians for reliable information to guide their caravan purchasing decisions. - read more
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| Australia's Slow Growth in Household Income: Understanding the Impact Tue, 07 Oct: Australia's growth in real per capita household disposable income has lagged significantly compared to its global counterparts, highlighting a concerning trend in the economic landscape. Over the decade concluding in the first quarter of 2025, Australia reported the slowest increase in real per capita household disposable income among major English-speaking nations, as evidenced by data from the Organisation for Economic Co-operation and Development (OECD). - read more
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| Cbus Resolves Lawsuit Over Payout Delays Tue, 07 Oct: In a significant development within the superannuation sector, Cbus and its administrator, MUFG Retirement Solutions, have reached a settlement concerning a lawsuit over delays in processing death benefits and life insurance claims. The resolution has led to a series of reforms aimed at enhancing claims handling and payment services for its members. - read more
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| Australia’s Housing Market: Navigating the First Home Guarantee Scheme Tue, 07 Oct: The Albanese government's new First Home Guarantee scheme, effective from Wednesday, aims to assist first-time home buyers by enabling them to purchase property with just a 5% deposit. This means buyers won’t need to pay lenders’ mortgage insurance, as taxpayers will underwrite 15% of the mortgage. This initiative has generated a lot of interest among potential buyers. - read more
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| icare Under Investigation for Workers’ Compensation Underpayments Tue, 07 Oct: NSW state insurer, icare, has uncovered approximately 9,400 workers' compensation claims that might have been underpaid due to omitted inflation adjustments. The identification of these potential discrepancies is part of a wider industry review initiated by the State Insurance Regulatory Authority (SIRA). - read more
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| Australian Home Prices Reach New Heights Following Interest Rate Reductions Tue, 07 Oct: In September 2025, Australia's housing market experienced a significant upswing, with national median home prices increasing by 0.8% to a record A$857,280. This marks the fastest monthly growth in a year, as reported by property consultant Cotality. The quarterly growth rate also accelerated to 2.2%, up from 1.5% in the previous quarter. - read more
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| ANZ Bank Faces Record A$240 Million Fine for Compliance Failures Tue, 07 Oct: In September 2025, ANZ, one of Australia's major banks, agreed to pay a record A$240 million fine following a series of serious regulatory breaches. The Australian Securities and Investments Commission (ASIC) cited misconduct including misleading the government during a A$14 billion bond deal, neglecting to act on customer hardship notices, and failing to refund fees to deceased clients. - read more
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| Surge in Home Loan Refinancing as Borrowers Capitalise on Lower Interest Rates Tue, 07 Oct: The Australian Bureau of Statistics (ABS) reported a notable increase in home loan refinancing during the March quarter of 2025, with 65,030 loans refinanced between lenders—a 5.1% rise compared to the preceding quarter. This surge is largely driven by shifts in the cash rate, which influence borrowers' negotiating leverage with lenders. - read more
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| Australia Partners with Japan's Mitsubishi for New Naval Frigates Tue, 07 Oct: In a significant move to bolster its naval capabilities, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 new Mogami-class frigates. This decision marks the largest defense industry agreement between Japan and Australia to date and represents one of Japan's most substantial defense exports. - read more
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| Unprecedented Algal Bloom in South Australia Threatens Marine Ecosystem Tue, 07 Oct: Since March 2025, South Australia's coastline has been grappling with a harmful algal bloom (HAB) that has severely impacted marine life, the fishing industry, and tourism. The bloom, attributed to the proliferation of the microalgae Karenia mikimotoi, has led to the deaths of thousands of marine creatures and has caused health issues among beachgoers, including respiratory problems and eye irritation. - read more
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| Revitalizing Australia's Maritime Industry Through a National Strategic Fleet Tue, 07 Oct: Australia's maritime industry is at a crossroads, with only nine Australian-crewed ships currently operating. In response to this decline, industry leaders and policymakers are advocating for the establishment of a National Strategic Fleet to bolster the nation's shipping capabilities and secure vital supply chains. - read more
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| Westpac's Limited-Time Offer: $0 Establishment Fee on Motorcycle Loans Tue, 07 Oct: Westpac has announced a promotional offer for individuals seeking to finance their motorcycle purchases. Until 30 October 2025, the bank is waiving the $250 establishment fee on its unsecured personal loans for motorcycles. This initiative aims to make motorbike ownership more accessible and affordable for Australians. - read more
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| National Finance and Loans Joins Forces with Honda Racing Australia Tue, 07 Oct: National Finance and Loans (NFAL) has entered into a multi-year partnership with Honda Racing Australia, marking a significant collaboration in the Australian motorcycle racing scene. This alliance was unveiled at the final round of the Australian Supercross Championship, where NFAL assumed title rights for rider Alex Larwood's #5 entry. - read more
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| Plenti's Competitive Motorbike Loans: Finance Your Dream Ride Tue, 07 Oct: Plenti, a multi-award-winning personal lender, has introduced motorbike loans with interest rates starting from 6.28% per annum. This offering is designed to assist Australians in financing their dream motorcycles, whether new or used. - read more
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| Rising Mental Health Claims Reshape Australia's Insurance Landscape Tue, 07 Oct: Australia's insurance sector is experiencing a significant shift as mental health conditions become the predominant cause of total and permanent disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) indicates that mental health issues now account for nearly one-third of all TPD claims, marking a substantial change in the industry's claim patterns. - read more
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| ASIC Initiates Legal Proceedings Against Australian Super for Claim Delays Tue, 07 Oct: The Australian Securities and Investments Commission (ASIC) has commenced legal action against Australian Super, the nation's largest superannuation fund, alleging significant delays in processing death benefit claims. The regulator contends that between July 2019 and October 2024, Australian Super failed to handle nearly 7,000 claims efficiently, with some delays extending up to four years. - read more
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| ASIC Files Lawsuit Against QBE Insurance for Misleading Discount Practices Tue, 07 Oct: The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against QBE Insurance, alleging that the insurer misled more than 500,000 customers about pricing discounts over a five-year period. The regulator claims that between July 2017 and September 2022, QBE used a pricing model that reduced the discounts customers were promised, affecting retirees, loyal customers, shareholders, and those with multiple policies or claims-free histories. - read more
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| Marsh to Oversee Royal Australian Navy's Maritime Insurance Program Tue, 07 Oct: In a significant development for Australia's defence sector, global insurance broker Marsh has been appointed to manage the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the Navy's extensive fleet expansion and infrastructure development initiatives. - read more
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| GT Insurance Provides Flexible Solutions Amid Global Trade Shifts Tue, 07 Oct: As global trade dynamics undergo significant shifts, GT Insurance is reaffirming its commitment to supporting marine clients navigating these challenges. The recent imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more
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| Northern Australian Marinas Struggle with Rising Insurance Costs Tue, 07 Oct: Marina operators in Northern Australia are confronting a significant crisis as insurance premiums escalate dramatically, with some experiencing increases exceeding 300% over recent years. This surge in costs is placing immense financial strain on the industry, prompting urgent calls for government intervention. - read more
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| Suncorp's Financial Performance Surges with New Share Buyback Initiative Tue, 07 Oct: Australian insurer Suncorp has reported a significant 8% increase in full-year cash earnings, reaching A$1.49 billion for the fiscal year ending June 30, 2025. This performance surpasses analyst expectations and underscores the company's robust financial health. - read more
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| IAG's Financial Growth Reflects Strength in Australian Insurance Market Tue, 07 Oct: Insurance Australia Group (IAG) has reported a notable increase in annual cash earnings, reaching A$1.17 billion for the fiscal year ending June 30, 2025. This marks a significant rise from the previous year's A$905 million and exceeds market expectations. - read more
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| Navigating the Rising Insurance Risk Landscape for Australian Businesses Tue, 07 Oct: Australian businesses are currently facing heightened insurance risk pressures stemming from various factors, including increased litigation, technological advancements, supply chain disruptions, catastrophic events, and geopolitical tensions. Understanding these elements is crucial for businesses preparing for insurance renewals and risk management strategies. - read more
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| Australian Government Provides Income Support to Workers Affected by Cyclone Alfred Tue, 07 Oct: The Australian government has announced financial support measures for workers affected by ex-Tropical Cyclone Alfred, which recently caused severe flooding, power outages, and property damage across Queensland and New South Wales. This initiative aims to alleviate the financial burden on individuals who have lost income due to the cyclone's impact. - read more
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| ASIC Takes Legal Action Against QBE Over Misleading Discount Practices Tue, 07 Oct: The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against QBE Insurance, alleging that the insurer misled more than 500,000 customers regarding pricing discounts between July 2017 and September 2022. This legal action underscores the regulator's commitment to ensuring transparency and fairness in the insurance sector. - read more
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| Suncorp Achieves $1.49 Billion Profit and Initiates $262 Million Share Buyback Tue, 07 Oct: Suncorp, one of Australia's leading insurers, has reported an 8% increase in full-year cash earnings, reaching A$1.49 billion for the year ending June 30, 2025. This performance surpasses analyst expectations and underscores the company's robust financial health. - read more
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| Westpac's Strategic Expansion in Business Lending Sun, 05 Oct: Westpac Banking Corporation is embarking on a significant expansion of its business banking division, aiming to hire 350 new bankers over the next two years. This initiative is part of Westpac's strategy to reclaim its leadership position in Australia's business lending sector. - read more
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| CBA Achieves Record Profit Through Robust Lending Growth Sun, 05 Oct: The Commonwealth Bank of Australia (CBA) has announced a record full-year cash profit of A$10.25 billion for the fiscal year ending June 30, 2025. This achievement surpasses analyst expectations and marks an increase from the previous year's profit of A$9.84 billion. - read more
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| NAB's Third-Quarter Earnings Reflect Steady Growth Sun, 05 Oct: National Australia Bank (NAB) has reported a marginal increase in third-quarter cash earnings, reaching A$1.77 billion, up from A$1.75 billion in the same period last year. This growth is supported by improved net interest margins and increased lending volumes. - read more
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| MotorCycle Holdings Expands National Presence with Strategic Acquisition Sun, 05 Oct: MotorCycle Holdings Limited (ASX: MTO) has significantly expanded its national footprint by acquiring select dealership and eCommerce assets from the Peter Stevens and Harley-Heaven networks. This strategic move enhances the company's presence across four Australian states and introduces new product categories to its portfolio. - read more
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| Westpac's Strategic Expansion in Business Banking Sun, 05 Oct: Westpac Banking Corporation has announced a significant expansion in its business banking division, with plans to recruit 350 new bankers over the next two years. This strategic move is part of Westpac's concerted effort to reclaim its leadership position in Australia's business lending market. - read more
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| New Credit Check Requirements for BNPL Services in Australia Sun, 05 Oct: The Australian government has introduced new legislation mandating that buy-now-pay-later (BNPL) providers conduct credit checks on borrowers. This move aims to align BNPL services with traditional credit providers, enhancing consumer protection and financial transparency. - read more
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| APRA's Decision to Retain the 3% Serviceability Buffer Sun, 05 Oct: The Australian Prudential Regulation Authority (APRA) has announced its decision to maintain the 3% serviceability buffer for home loan lending. This buffer requires lenders to assess a borrower's ability to meet loan repayments at an interest rate 3% higher than the current rate, ensuring borrowers can withstand potential rate increases. - read more
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| NRMA's Departure from Farm Insurance: What It Means for Australian Farmers Sun, 05 Oct: In a significant shift within the Australian insurance landscape, NRMA has announced its withdrawal from the farm insurance sector, ceasing the sale of new policies as of July 1, 2025. This decision leaves many farmers seeking reliable alternatives to safeguard their livelihoods. - read more
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| Star Entertainment Group Secures Loan Covenant Waiver Amid Financial Challenges Sun, 05 Oct: Star Entertainment Group, a prominent Australian casino operator, has successfully secured a loan covenant waiver under its syndicated facility agreement as of September 30, 2025. This development comes at a critical juncture for the company, which has been navigating a series of financial and operational challenges. - read more
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| ANZ Bank Faces A$240 Million Penalty for Bond Deal Misconduct and Customer Service Failures Sun, 05 Oct: ANZ Group, Australia's fourth-largest bank, has agreed to pay a record A$240 million ($159.5 million) in penalties following investigations by the Australian Securities and Investments Commission (ASIC) for major misconduct. The violations include acting unconscionably during a A$14 billion government bond deal in April 2023, which the regulator says led to A$26 million in lost government funds. ANZ’s improper trading placed downward pressure on bond prices, undermining government funding. - read more
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| Commonwealth Bank of Australia Achieves Record A$10.25 Billion Profit Amid Lending Surge Sun, 05 Oct: Commonwealth Bank of Australia (CBA) has reported a record full-year cash profit of A$10.25 billion ($6.69 billion) for the fiscal year ending June 30, 2025. This impressive performance is attributed to robust growth in both home and business lending, coupled with stable interest margins. - read more
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| ANZ Bank Penalised AU$240 Million for Corporate Misconduct Sun, 05 Oct: In a landmark decision, ANZ Bank has agreed to pay a record AU$240 million penalty following investigations by the Australian Securities and Investments Commission (ASIC) into significant corporate misconduct. This penalty, the largest ever imposed on a single entity for corporate wrongdoing in Australia, underscores the gravity of ANZ's violations and their widespread impact on customers and the federal government. - read more
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| RBA Calls for Prudent Lending as Borrower Financial Health Improves Sun, 05 Oct: The Reserve Bank of Australia (RBA) has recently highlighted the need for continued caution in lending practices, even as data indicates an improvement in borrowers' financial health. This advisory comes in the context of a dynamic economic environment where both opportunities and risks coexist. - read more
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| Australian Marine Industry Achieves $229 Billion Economic Milestone Sun, 05 Oct: The Australian marine industry has reached a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more
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| Coffs Harbour Marina Transformed with World-Class Upgrade Sun, 05 Oct: Marine Structures, Australia's leading marine infrastructure provider, has successfully completed a multi-million-dollar upgrade of the Coffs Harbour Marina. This significant development delivers a world-class boating facility to the New South Wales coast, enhancing the experience for both local and visiting boating enthusiasts. - read more
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| Westpac's Bold Move to Reclaim Business Lending Leadership Sun, 05 Oct: Westpac Banking Corporation has unveiled an ambitious plan to bolster its presence in the Australian business lending market by recruiting 350 additional bankers over the next two years. This initiative is part of Westpac's broader strategy to reclaim its former leadership position in the sector, which has seen intensified competition among Australia's major banks. - read more
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| CBA's Record-Breaking Profit Fueled by Robust Lending Growth Sun, 05 Oct: The Commonwealth Bank of Australia (CBA) has announced a record full-year cash profit of A$10.25 billion for the fiscal year ending June 30, 2025. This impressive figure surpasses both analyst expectations and the previous year's profit of A$9.84 billion, highlighting the bank's strong performance in a competitive financial landscape. - read more
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| Japanese Banks SMBC and MUFG Drive Business Lending Growth in Australia Sun, 05 Oct: Australia's business lending sector is witnessing a significant shift as Japanese banking giants Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG) emerge as leading growth drivers. In July 2025, the combined business loan books of Australia's top 10 authorised deposit-taking institutions (ADIs) reached A$925 billion, with SMBC and MUFG recording the highest percentage growth rates among them. - read more
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| Australian Motorcycle Sales Experience Downturn in Early 2025 Sun, 05 Oct: The Australian motorcycle market has experienced a slight decline in sales during the first quarter of 2025, with a 3.5% decrease compared to the same period in 2024. This downturn reflects the broader economic challenges affecting discretionary spending among consumers. - read more
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| Queensland Aligns with National Heavy Vehicle Regulator Sun, 05 Oct: In a significant move towards regulatory consistency, Queensland has transferred its heavy vehicle compliance responsibilities to the National Heavy Vehicle Regulator (NHVR). This transition aligns Queensland with New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory, all of which have already integrated their heavy vehicle regulations under the NHVR's oversight. - read more
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| Australian Truck Sales Experience Significant Downturn Sun, 05 Oct: The Australian truck market has witnessed a notable decline, with sales dropping by 11.7% in August 2025 compared to the same month in 2024. This downturn aligns with a broader decrease in business activity across the nation, as reported by the Truck Industry Council (TIC). - read more
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| Addressing Australia's Truck Driver Shortage: A Call for Youth Engagement Sun, 05 Oct: The Australian trucking industry is facing a critical shortage of drivers, with approximately 28,000 heavy-vehicle driving positions unfilled as of last year. This shortfall is exacerbated by an ageing workforce, where nearly half of all drivers are over 55 years old, and only 5% are under 25. - read more
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| ACCC Raises Concerns Over IAG's Acquisition of RAC Insurance Sun, 05 Oct: The Australian Competition and Consumer Commission (ACCC) has expressed significant concerns regarding Insurance Australia Group's (IAG) proposed acquisition of the Royal Automobile Club of Western Australia's (RAC) insurance business. The deal, valued at approximately A$1.35 billion (US$877 million), aims to expand IAG's presence in the Western Australian insurance market. - read more
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| Exploring Australia's Two-Speed Economy and the Growing Wealth Divide Sun, 05 Oct: Recent analyses have highlighted a growing economic divide in Australia, often referred to as a 'two-speed economy.' This phenomenon is characterized by significant disparities between different demographics, businesses, and regions, driven by factors such as persistent inflation, elevated interest rates, and housing pressures. - read more
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| NSW Builders Required to Obtain Professional Indemnity Insurance by July 2026 Sat, 04 Oct: Starting 1 July 2026, all registered building practitioners in New South Wales (NSW) will be mandated to hold professional indemnity (PI) insurance, as stipulated by the Design and Building Practitioners Act 2021. This legislative change aims to enhance accountability and protect clients from potential financial losses due to professional negligence or defects in construction work. - read more
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| Competitive Pressures Drive Down Construction Insurance Premiums in Australia Sat, 04 Oct: The Australian construction insurance market has experienced a notable shift in 2025, with premiums decreasing across various lines due to heightened competition among insurers. This trend offers significant financial relief to builders and contractors navigating the complexities of the industry. - read more
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| Record Growth in Electric and Hybrid Vehicle Financing in Australia Sat, 04 Oct: The Australian Finance Industry Association (AFIA) has released its latest Electric Vehicle & Hybrid Finance Report, revealing a significant surge in financing for electric and hybrid vehicles across the nation. In 2024, Australians secured over $6.17 billion in loans for these vehicles, representing a 50% increase compared to the previous year. This substantial growth underscores a clear shift towards cleaner transportation options among both consumers and businesses. - read more
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| Thailand's New Loan Guarantee Program Aims to Boost Pickup Truck Sales Sat, 04 Oct: In a strategic move to rejuvenate its automotive sector, Thailand has introduced a loan guarantee program specifically targeting pickup truck sales. The government has allocated a 5 billion baht (approximately $147.80 million) support package over seven years, aiming to incentivize financial institutions to approve loans for pickup trucks—a segment that traditionally accounts for a significant portion of the country's domestic auto sales. - read more
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| Increase in Car Loan Delinquencies Signals Financial Strain Among Australians Sat, 04 Oct: Recent data indicates a concerning rise in car loan delinquencies across Australia, with a 13% increase in vehicle repossessions over the past six months. This trend underscores the growing financial pressures faced by many Australians, as inflation and high interest rates continue to impact household budgets. - read more
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| IAG's Profits Surge by 91% as Premiums Continue to Rise Sat, 04 Oct: Insurance Australia Group (IAG) has reported a significant 91% increase in net profit for the first half of the fiscal year, reaching $778 million. This substantial growth is attributed to favourable weather conditions and strategic business operations. Despite a general easing of inflationary pressures, IAG's CEO, Nick Hawkins, has indicated that insurance premiums are expected to continue rising, albeit at a slower pace. - read more
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| ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance Sat, 04 Oct: The Australian Competition and Consumer Commission (ACCC) has expressed concerns regarding Insurance Australia Group's (IAG) proposed acquisition of the Royal Automobile Club of Western Australia's (RAC) insurance business. The deal, valued at A$1.35 billion (approximately $877 million), aims to expand IAG's presence in Western Australia. However, the ACCC warns that this consolidation could diminish competition in the region's motor and home insurance sectors. - read more
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| Cover-More's New Cancellation Cover: What Travellers Need to Know Fri, 03 Oct: In a significant development for Australian travellers, Cover-More has unveiled a new trip cancellation product designed to offer broader protection against unforeseen disruptions. This initiative addresses common concerns among travellers about the limitations of existing cancellation policies. - read more
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| Allianz and Norwegian Cruise Line: A New Era of Cruise Travel Insurance Fri, 03 Oct: In a strategic move to enhance travel protection for cruise passengers, Allianz Partners Australia has partnered with Norwegian Cruise Line to offer specialised travel insurance coverage. This collaboration aims to provide cruisers with policies tailored to the unique aspects of sea voyages. - read more
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| Cover Genius and Luxury Escapes: Elevating Travel Protection for Australians Fri, 03 Oct: In a move that underscores the evolving landscape of travel insurance, Cover Genius has expanded its partnership with Luxury Escapes to include trip cancellation protection. This enhancement aims to provide Australian travellers with more robust coverage, ensuring that unforeseen events don't derail their holiday plans. - read more
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| Advice Industry Embraces Data-Driven Management Systems Fri, 03 Oct: Netwealth’s latest report, 'AdviceTech 2025: Turning Data into Growth,' reveals a significant trend among financial advisers towards incorporating digitalised, data-driven client management systems. This evolution allows advisers to efficiently manage clients' financials in real time, reducing administrative burdens and enhancing client relationships. - read more
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| Caution Urged for Super Fund Members Considering Investment Switches Fri, 03 Oct: One of Australia's leading superannuation fund providers has cautioned members against making hasty investment decisions during market volatility. HESTA noted an increase in investment switching in response to market fluctuations, specifically following the announcement of significant tariffs by US President Donald Trump in early April. - read more
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| Ombudsman Directs RACT Insurance to Honour Car Crash Claim Despite Undisclosed Damage Fri, 03 Oct: The Australian Financial Complaints Authority (AFCA) has intervened to instruct RACT Insurance to process a claim for a policyholder who failed to disclose prior damage to his four-wheel drive. Initially, when securing the insurance over the phone, the owner described the vehicle as being in 'good shape' with only minor scratches. However, post-accident assessments by RACT revealed damage that seemed to have existed before the incident. - read more
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| Australian Homeowners Face 28% Increase in Insurance Premiums Fri, 03 Oct: Recent data reveals a significant 28% increase in Australian home insurance premiums over the past year, marking the most substantial rise in two decades. This surge has placed considerable financial pressure on homeowners nationwide. - read more
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| QBE Insurance Faces Legal Action Over Alleged Misleading Discounts Fri, 03 Oct: The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against QBE Insurance, alleging that the insurer misled over half a million customers about pricing discounts between July 2017 and September 2022. - read more
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| Property Council Raises Alarm Over Insurance Costs Impacting Housing Affordability in ACT Fri, 03 Oct: The Property Council of Australia has expressed concerns that escalating insurance premiums, coupled with proposed regulatory changes, could further strain housing affordability in the Australian Capital Territory (ACT). - read more
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| Investors and First Home Buyers Surge Back to Australia's Property Market Fri, 03 Oct: Australia's property market is experiencing a notable revitalisation, spurred largely by Labor’s recently implemented First Home Guarantee scheme. Designed to make homeownership more accessible, this scheme allows first home buyers to enter the market with just a 5% deposit, bypassing the need for lenders’ mortgage insurance through a taxpayer-guaranteed 15% of the mortgage. Since its introduction, it has sparked significant interest among prospective purchasers, marking a significant shift in the housing sector. - read more
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| Netstrata's Practices Prompt Industry-Wide Strata Management Reforms Thu, 02 Oct: Recent investigations have brought to light concerning practices within Australia's strata management sector, particularly involving Netstrata, a prominent firm managing over 1,000 buildings and 35,000 apartments across New South Wales. Reports indicate that Netstrata has been charging apartment owners insurance brokerage fees significantly higher than industry standards, with some fees reaching up to six times the typical rate. This revelation has ignited a broader discussion on the need for transparency and reform within the industry. - read more
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| Sure Insurance's $20 Million Strata Coverage Boosts Affordability in Northern Queensland Thu, 02 Oct: In a significant move to address insurance affordability and accessibility, Sure Insurance has expanded its residential strata insurance coverage to $20 million, up from the previous limit of $5 million. This enhancement is particularly targeted at apartment complexes in Northern and Regional Queensland, regions that have faced challenges in securing adequate and affordable insurance coverage. - read more
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| ICA Advocates for Strata Law Reforms to Mitigate Rising Insurance Costs in Victoria Thu, 02 Oct: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, citing a direct link between inadequate governance and escalating insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the need for effective management and oversight has become increasingly critical. - read more
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| Entireti Revamps Managed Account Platform with Salita Portfolio Services Thu, 02 Oct: Entireti has revamped its managed account offering following its acquisition of Australian Unity’s financial advice business, launching the Salita Portfolio Services. This new service aims to cater to both licensed and self-licensed practices, encompassing Fortnum Private Wealth, Personal Financial Services, Akumin (formerly AMP licensees), and Entireti Alliances, its newly branded self-licensed service operations. - read more
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| Social Media: A Lifeline for Pre-Retirees Seeking Financial Advice Thu, 02 Oct: With financial advisers grappling with the challenge of serving more clients with limited time resources, effectively educating new clients about their financial journey has become a daunting task. According to Deline Jacovides, founder of Mazi Wealth, advisers once had the luxury of time to nurture and educate newcomers, but rising costs now demand clients arrive with a foundational understanding. - read more
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| First Home Buyers at Risk of Negative Equity Under New Scheme Thu, 02 Oct: In a recent analysis by Eliza Owen, the head of research at Cotality, concerns have been raised about the potential financial consequences for first-home buyers under the Albanese government's new 5% deposit scheme. This scheme, known as the First Home Guarantee, allows buyers to purchase property with just a 5% deposit, with the government covering a 15% mortgage guarantee. - read more
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| Amid Surging Profits, The Insurance Sector Faces Public Perception Hurdles Thu, 02 Oct: The general insurance industry's after-tax profits rose significantly to $7.3 billion last financial year, marking its strongest performance in over a decade, according to actuarial group Taylor Fry. This impressive outcome was driven by lower-than-expected losses from catastrophes and robust investment returns. The previous year's figures, limited by accounting changes affecting data availability, saw comparable profits for nine months rising by 33% to $5.2 billion. - read more
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| Australian Data Centres: Navigating the AI Economy Surge Wed, 01 Oct: The rise of artificial intelligence has led to unprecedented investments in the data centre industry globally, marking one of the most significant capital expenditure surges in history. At the centre of this economic wave are AI-driven data centres, evolving from traditional facilities into powerful hubs capable of handling complex AI workloads. Consequently, an in-depth understanding of the economics—particularly in terms of cost structures, investment impacts, and pivotal players—is now crucial for both investors and policymakers navigating this transformed landscape. - read more
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| Women Still Face Retirement Savings Challenges in Australia Wed, 01 Oct: Australian confidence in retirement savings is alarmingly low, as revealed by the latest data from AMP’s Retirement Confidence Pulse. A staggering 50 per cent of Australians feel insecure about their retirement prospects, with women's confidence particularly hard hit. AMP's survey indicates that only two in five women feel financially secure regarding retirement, compared to nearly three in five men. - read more
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| RBA's Hawkish Stance Leaves Homeowners Awaiting Rate Cut Relief Wed, 01 Oct: The Reserve Bank of Australia (RBA) has maintained the cash rate at 3.6 per cent, a decision anticipated by economists and market participants. However, the unexpectedly cautious rhetoric from the RBA's board and governor, Michele Bullock has prompted a rethink among analysts on the timing of future rate cuts. - read more
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| Insurers Urged to Address 'Climate-Blind' Coverage Wed, 01 Oct: The recent release of the first National Climate Risk Assessment provides stark evidence that climate risk is on the rise, particularly affecting regional Australia. The assessment highlights a significant issue within the insurance sector: a knowledge gap in the visibility of rural insurance portfolios. Insurers are often unaware of the full extent of assets needing protection, leaving portfolios underinsured and risks improperly priced. This gap is exacerbated by increasing climate volatility, presenting a formidable challenge for the sector. - read more
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