| 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
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| 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
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| 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
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| 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
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| EQT's Bold Move: AUB Group's Potential Acquisition and Its Implications Sat, 08 Nov: In a significant development within Australia's insurance sector, Swedish private equity firm EQT has proposed a takeover of AUB Group, valuing the insurance broking company at A$5.25 billion. This offer represents a 25.1% premium over AUB's last closing share price, underscoring EQT's strong interest in expanding its footprint in the Australian market. - read more
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| State Taxes Drive Up Insurance Costs for Australian Small Businesses Sat, 08 Nov: A recent report by the Australian Chamber of Commerce and Industry (ACCI) has highlighted a concerning trend: small businesses across Australia are facing insurance premium increases of up to 30% due to taxes and levies imposed by state and territory governments. This financial burden is prompting a growing number of small businesses to either underinsure or forgo insurance coverage altogether, exposing them to significant risks. - read more
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| Celebrating Excellence: Finalists Announced for the 21st Australian Insurance Industry Awards Sat, 08 Nov: The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced the finalists for the 21st Australian Insurance Industry Awards, set to take place on August 21, 2025, at the Star Event Centre in Sydney. These prestigious awards honor the outstanding achievements of individuals and organizations across the entire insurance value chain, highlighting the depth of talent, innovation, and dedication within the industry. - read more
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| EQT Proposes $3.41 Billion Acquisition of AUB Group Sat, 08 Nov: In a significant development within the Australian insurance industry, Swedish private equity firm EQT has made a takeover offer for AUB Group, valuing the company at A$5.25 billion (US$3.41 billion). This proposal includes a price of A$45 per share, representing a 25.1% premium over AUB's last closing price. The offer follows an earlier bid of A$43 per share, indicating EQT's strong interest in expanding its footprint in the Australian market. - read more
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| AIA Australia Unveils Innovative Member Insurance Portal Sat, 08 Nov: AIA Australia has launched a cutting-edge Member Insurance Portal designed to provide a streamlined insurance experience for group insurance customers. This digital initiative aims to optimize the claims process, offering members the ability to track their claims throughout the entire lifecycle, thereby ensuring transparency and simplicity during potentially challenging times. - read more
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| Australian Insurers Achieve $6.1 Billion Profit Amid Rising Premiums Sat, 08 Nov: Australia's insurance industry has reported an after-tax profit of $6.1 billion for the year 2024, a figure that is three times higher than the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a relatively benign year for natural disasters. - read more
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| ANZ Bank Announces Significant Workforce Reduction Amid Strategic Overhaul Fri, 07 Nov: In a decisive move to streamline operations, ANZ Bank has unveiled plans to reduce its workforce by 3,500 positions over the next year.This strategic decision is part of a broader restructuring initiative aimed at enhancing efficiency and competitiveness within the rapidly evolving financial services sector. - read more
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| Optus Penalized for Unethical Sales Tactics Targeting Vulnerable Australians Fri, 07 Nov: In a landmark ruling, Australian telecommunications provider Optus has been fined AU$100 million (US$66 million) for engaging in unconscionable sales practices that targeted vulnerable customers, including Indigenous individuals residing outside the company's mobile coverage areas. - read more
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| Surge in Personal Insolvencies Reported by AFSA for September 2025 Fri, 07 Nov: The Australian Financial Security Authority (AFSA) has released provisional statistics indicating a rise in personal insolvencies during September 2025.This uptick reflects the ongoing financial challenges faced by individuals amid economic uncertainties and evolving market conditions. - read more
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| Westpac's Annual Profit Declines Amidst Mortgage Market Competition Thu, 06 Nov: Westpac Banking Corporation has reported a slight decrease in its annual profit, recording A$6.99 billion for the fiscal year ending September 30, 2025, down from A$7.11 billion the previous year. Despite this decline, the result surpassed analysts' expectations of A$6.83 billion. The bank attributes this dip to intensified competition within Australia's mortgage market and a marginal reduction in its net interest margin, which fell by 1 basis point to 1.94%. - read more
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| RBA Holds Cash Rate at 3.60% Amid Inflationary Pressures Thu, 06 Nov: The Reserve Bank of Australia (RBA) has decided to keep the official cash rate unchanged at 3.60% during its November meeting. This decision reflects the central bank's cautious approach in balancing inflation control with economic stability. Recent data indicates that the headline consumer price index (CPI) rose to 3.2% in September 2025, up from 2.1% in the June quarter, signaling persistent inflationary pressures. - read more
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| KTM's €600 Million Lifeline: A New Chapter for the Austrian Motorcycle Giant Thu, 06 Nov: In a significant development for the motorcycle industry, KTM AG has successfully secured €600 million in funding, enabling the company to fulfill its restructuring plan and stabilize its financial position. This funding comes at a crucial time, as KTM faced a severe financial crisis that led to self-administration and a comprehensive restructuring process. - read more
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| Peter Stevens Motorcycles Faces Uncertain Future Amid Voluntary Administration Thu, 06 Nov: Peter Stevens Motorcycles, a cornerstone of the Australian motorcycle retail industry, has entered voluntary administration, casting uncertainty over the future of the company and its approximately 400 employees. Founded in 1970 by the Chiodo family, the retailer expanded to 15 locations across Victoria, South Australia, New South Wales, and Western Australia, representing major brands such as Harley-Davidson, Ducati, and Triumph. - read more
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| Australian Motorcycle Market Sees 2.2% Decline in 2025; Scooters Buck the Trend Thu, 06 Nov: The Australian motorcycle market experienced a 2.2% decline in sales during the first nine months of 2025, according to data released by the Federal Chamber of Automotive Industries (FCAI). A total of 63,988 motorcycles were sold between January and September, down from 65,399 units in the same period of 2024. - read more
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| ASIC Highlights Compliance Concerns Among Payday Lenders Thu, 06 Nov: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review into the practices of payday lenders, uncovering potential breaches of consumer protection laws. This scrutiny comes in the wake of reforms introduced under the Financial Service Reform Act 2022 (FSR Act), aimed at enhancing safeguards for consumers engaging with small amount credit contracts. - read more
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| Harmoney Introduces Tailored Small Personal Loans Thu, 06 Nov: Harmoney, a prominent Australian non-bank lender, has expanded its offerings to include small personal loans designed to meet the diverse needs of consumers. These loans range from $2,000 to $100,000, with interest rates starting from 5.76% per annum, tailored to each individual's credit profile. - read more
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| Swoosh Finance Delivers Quick Small Cash Loans Online Thu, 06 Nov: Swoosh Finance, an Australian online lender, is offering small cash loans ranging from $2,200 to $5,000, with a streamlined application process that can result in same-day approval. This service is designed to provide quick financial relief for individuals facing unexpected expenses or short-term cash flow challenges. - read more
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| RBA Holds Cash Rate at 3.60% in November 2025 Thu, 06 Nov: The Reserve Bank of Australia (RBA) has decided to keep the official cash rate unchanged at 3.60% during its November 2025 meeting. This decision reflects the central bank's cautious approach in balancing inflation control with employment objectives. - read more
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| ANZ Revises RBA Rate Cut Forecast to February 2026 Thu, 06 Nov: ANZ has adjusted its forecast regarding the Reserve Bank of Australia's (RBA) next cash rate cut, now anticipating the reduction to occur in February 2026. This revision aligns with similar adjustments by other major banks, reflecting a collective response to recent economic data and RBA communications. - read more
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| Australian Mortgage Brokers Anticipate Competitive Shifts in 2025 Thu, 06 Nov: The Australian mortgage broking industry is poised for significant changes in 2025, with increased competition and evolving market dynamics shaping the landscape. Factors such as anticipated interest rate adjustments, a surge in refinancing activities, and the growing influence of digital marketing are key drivers of this transformation. - read more
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| AFIA Unveils New Code to Elevate Non-Bank Lending Standards Thu, 06 Nov: The Australian Finance Industry Association (AFIA) has recently introduced its Finance Industry Code of Practice, marking a significant advancement in the non-bank lending and specialist banking sectors. This pioneering initiative aims to establish a new standard for integrity, transparency, and fairness within the industry. - read more
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| Australia's Housing Boom: A Golden Opportunity for Mortgage Brokers Thu, 06 Nov: Australia is currently experiencing a housing 'super cycle,' characterised by a substantial increase in demand for new homes. This surge is driven by a chronic undersupply of housing, demographic shifts, and evolving lifestyle preferences. For mortgage brokers, this trend presents a unique opportunity to expand their client base and services. Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check! - read more
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| Moneytech and Xero Collaboration Simplifies Financing for Australian SMEs Thu, 06 Nov: Australian non-bank lender Moneytech has announced a strategic integration with Xero, the global small business accounting platform. This partnership aims to provide small and medium-sized enterprises (SMEs) with a more efficient and streamlined process for accessing working capital. - read more
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| Queensland Government Invests in Marine Industry Workforce Thu, 06 Nov: The Queensland Government has recently partnered with the Boating Industry Association (BIA) to significantly enhance the Marine Jobs program throughout the state. This collaboration is set to provide a substantial boost to employment opportunities within Queensland's marine sector, which boasts the highest concentration of marine businesses in Australia. - read more
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| BIA and AFTA Collaborate to Enhance Boating and Fishing Industries Thu, 06 Nov: In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalised an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
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| Japanese Banks SMBC and MUFG Propel Business Lending Expansion in Australia Thu, 06 Nov: 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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| Inattention and Speed Identified as Key Factors in Australian Truck Crashes Thu, 06 Nov: The National Truck Accident Research Centre (NTARC) has released its 2025 Major Incident Investigation Report, shedding light on the primary human factors contributing to significant truck crashes across Australia. The findings emphasise the critical roles of inattention, distraction, and inappropriate speed in these incidents, underscoring the necessity for targeted safety interventions within the transport industry. - read more
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| QBE and Sure Insurance Forge New Home Cover Partnership Thu, 06 Nov: QBE Australia Pacific has recently entered into a strategic partnership with Sure Insurance, aiming to bolster its broker-distributed householders cover. This collaboration signifies a concerted effort to provide more comprehensive and accessible home insurance solutions tailored to the diverse needs of Australian homeowners. - read more
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| Blue Zebra Enhances Insurance Offerings with New Underwriting Partnerships Thu, 06 Nov: Underwriting agency Blue Zebra has recently announced the establishment of new capacity arrangements for its home building and contents, landlord, and small to medium-sized enterprise (SME) package products. This strategic move is set to enhance the agency's ability to offer comprehensive and competitive insurance solutions tailored to the evolving needs of Australian homeowners and business operators. - read more
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| AIG Australia Penalised for Claims Handling Failures Thu, 06 Nov: The Insurance Code Governance Committee has imposed a $30,000 penalty on AIG Australia for breaching its obligations related to claims handling. The insurer failed to inform customers about delays in processing their claims and neglected to advise them of their right to escalate complaints to the ombudsman. This regulatory action underscores the critical importance of transparency and communication in the insurance claims process. - read more
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| OECD Calls for Budget Repairs and Increased Business Investment in Australia Thu, 06 Nov: The Organisation for Economic Co-operation and Development (OECD) has recently highlighted pressing economic challenges facing Australia, urging both federal and state governments to undertake significant budget repairs and stimulate business investment. This call to action comes in response to new data revealing unprecedented growth in welfare spending, juxtaposed with business investment levels nearing a four-decade low. - read more
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| Australia's Economic Stagnation: Insights from Gerard Minack Thu, 06 Nov: Veteran global macro strategist Gerard Minack has recently characterised Australia as a 'stagnation nation,' highlighting concerns over flatlining real incomes and declining per capita growth. Speaking at a Morgan Stanley conference, Minack emphasised the need for substantial policy reforms to rejuvenate the Australian economy. - read more
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| AustralianSuper Advances Towards Payday Super Implementation Thu, 06 Nov: AustralianSuper, one of Australia's largest superannuation funds, is set to implement the Payday Super system, following a successful pilot program conducted with Rest. This initiative involves collaboration with technology providers Wrkr and MUFG Retirement Solutions to streamline and enhance the process of superannuation contributions. - read more
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| Climate Change Impacting Home Insurance Costs, IAG Reports Wed, 05 Nov: Insurance Australia Group (IAG), a leading insurer in Australia, has highlighted the significant impact of climate change on the cost of home insurance. The company reports that the increasing frequency and severity of weather events are contributing to rising premiums for homeowners. - read more
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| Suncorp's Financial Growth and Share Buyback: What It Means for Policyholders Wed, 05 Nov: Suncorp, a prominent Australian insurer, 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 is attributed to improved insurance margins and favorable natural hazard costs. - read more
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| IAG's Profit Growth and Its Implications for Australian Tradespeople Wed, 05 Nov: Insurance Australia Group (IAG) has reported a significant increase in annual cash earnings for the fiscal year ending June 30, 2025, reaching A$1.17 billion. This growth is primarily driven by an 8% rise in net earned premiums to A$9.98 billion and lower-than-expected natural peril costs. - read more
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| ATA Advocates for Major Road Upgrades to Enhance Transport Efficiency Wed, 05 Nov: The Australian Trucking Association (ATA) has unveiled a comprehensive plan to alleviate the financial burden on Australian households by proposing a $5 billion investment in targeted road upgrades over the next decade. This initiative is designed to support the adoption of high-productivity and low-emission trucks, thereby enhancing the efficiency of the transport sector and contributing to a reduction in the cost of living. - read more
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| Australian Truck Sales Exhibit Signs of Recovery in Third Quarter of 2025 Wed, 05 Nov: The Australian truck and van market is showing signs of stabilisation in the third quarter of 2025, despite an 11.8% decline in year-to-date sales compared to the previous year. This trend suggests a potential turning point for the industry after a period of sustained softness. - read more
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| Markel's New Professional Indemnity Insurance Solutions for Australian Professionals Wed, 05 Nov: In April 2024, Markel, a US-based specialty insurer, unveiled a suite of professional indemnity (PI) insurance products specifically designed for the Australian market. These offerings cater to professionals in accounting, construction, design and construct, insurance, media, and miscellaneous sectors. - read more
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| APRA's Regulatory Action on Pacific International Insurance's Binder Management Wed, 05 Nov: In November 2024, the Australian Prudential Regulation Authority (APRA) directed Pacific International Insurance to increase its prudential capital requirement by $10 million. This action was taken in response to identified deficiencies in the insurer's oversight and control of its binder arrangements with intermediary partners. - read more
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| Australian Small Businesses Advocate for Insurance Premium Reforms Wed, 05 Nov: In October 2025, the Australian Chamber of Commerce and Industry, in collaboration with the Insurance Council of Australia, released a report highlighting the significant challenges faced by small and medium-sized enterprises (SMEs) due to soaring insurance premiums. The report emphasizes that many SMEs are compelled to either forgo insurance coverage or reduce their policies to remain financially viable in a challenging economic environment. - read more
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| Teneo Strengthens Asia-Pacific Presence with Acquisition of PwC Australia's Restructuring Unit Wed, 05 Nov: In a significant development within the financial advisory sector, Teneo has acquired the business restructuring services unit of PwC Australia. This strategic move aims to bolster Teneo's financial advisory operations in the Asia-Pacific region, reflecting the firm's commitment to expanding its global footprint. - read more
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| Consumer Confidence Dips Amid Rising Inflation Concerns Tue, 04 Nov: In a development raising concerns for the Reserve Bank of Australia (RBA), recent data from the ANZ-Roy Morgan survey indicates that Australians anticipate a significant rise in inflation. Expectations have increased by 0.4 percentage points, bringing anticipated inflation to 5.2%, contributing to muted consumer confidence currently standing at 84.5 points. - read more
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| Vanguard Unveils New Tax-Exempt Investment Model for Young Australians Tue, 04 Nov: Vanguard has introduced a new investment concept known as 'MyInvestment,' designed to meet the specific needs of young Australian investors. Modelled after MySuper, this vehicle aims to provide flexibility by allowing investors to withdraw their funds after 24 months without restrictions. For those who might need to access their investment earlier, withdrawals would incur taxation at the marginal rate. - read more
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| ASX 200 Declines Amid RBA Rate Hold and Inflation Concerns Tue, 04 Nov: The Australian stock market witnessed a downturn on Tuesday as the Reserve Bank of Australia (RBA) opted to leave interest rates unchanged, while cautioning about the potential for persistent inflation beyond the preferred range. The ASX 200 dropped by 81.1 points, or 0.91%, closing at 8813.7. Meanwhile, the All Ordinaries index similarly decreased by 84.3 points, or 0.92%, settling at 9098.2. - read more
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| Consumer Credit Insurance Decision: AFCA Rules Against Refund Request Tue, 04 Nov: An Australian man seeking a refund on his paid premium for consumer credit insurance (CCI) has been denied by the Australian Financial Complaints Authority (AFCA). The man argued the insurance was mis-sold to him, claiming he was led to believe the coverage was essential when he acquired it with his credit card in 2015. - read more
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| Qantas Travel Insurance Honoured with Mozo Experts Choice Award 2024 Tue, 04 Nov: Qantas Travel Insurance has been recognised in the 2024 Mozo Experts Choice Awards for Travel Insurance, showcasing its exceptional value for their Annual Multi Trip Travel Insurance policy. - read more
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| SCTI Highlights Top 10 Costliest Travel Insurance Claims of 2024 Tue, 04 Nov: Southern Cross Travel Insurance (SCTI) has unveiled its top 10 most expensive international travel claims made by Australian travellers in 2024, shedding light on the significant financial risks associated with unforeseen incidents abroad. - read more
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| Significant Rise in Home Insurance Premiums Poses Challenges for Australian Homeowners and Lenders Tue, 04 Nov: Recent reports indicate that Australian home and contents insurance premiums have surged by up to 65% over the past five years. This substantial increase is outpacing both general consumer inflation and wage growth, leading to significant financial strain for homeowners and potential risks for mortgage lenders. - read more
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| Insurance Council Advocates for Strata Law Reforms to Mitigate Rising Premiums and Building Defects Tue, 04 Nov: The Insurance Council of Australia (ICA) has called for urgent reforms to strata laws in response to escalating insurance premiums and the financial burden of building defects, which are costing residential apartment owners approximately $1.3 billion annually. - read more
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| Upcover Unveils Comprehensive Management Liability Insurance for Australian SMEs Tue, 04 Nov: Sydney-based insurtech company Upcover has launched a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders across Australia. This offering aims to provide comprehensive protection against a range of risks, including employment disputes, official investigations, tax audits, financial crimes, statutory liabilities, and allegations of legal breaches. - read more
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| APRA Data Shows Stability in Professional Indemnity Claims Amid Declining Premiums Tue, 04 Nov: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) report, providing insights into the professional indemnity (PI) insurance sector. The data indicates that while claims payments for non-facility business remained relatively stable at $1.111 billion in the 2022 underwriting year, there was a notable 6% decline in gross written premiums, which fell to $2.775 billion from the previous year's $2.954 billion. - read more
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| Rising Insurance Premiums Challenge Australian Hospitality Sector Tue, 04 Nov: Australian hospitality businesses are currently facing significant financial challenges due to escalating insurance premiums. This trend is placing additional strain on an industry already contending with various economic pressures. - read more
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| Surcharges: A Vital Tool for Hospitality Businesses Facing Rising Costs Tue, 04 Nov: In the face of escalating operational expenses, the Restaurant & Catering Association (R&CA) has expressed strong support for the use of surcharges by cafés, restaurants, and catering businesses, particularly on weekends and public holidays. - read more
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| Emerging Trends: The Rise of Chain Restaurants in Australia's Hospitality Sector Tue, 04 Nov: Australia's hospitality landscape is undergoing a notable transformation, with a discernible shift from independently owned establishments towards chain operations. For the first time in recent history, the proportion of chain restaurants in Australia has grown from 23% to 24%, signaling a pivotal moment for the market. - read more
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| AI's Emerging Role in Boosting Financial Literacy Mon, 03 Nov: Amidst the ongoing discussions in the financial advice sector, the integration of artificial intelligence by both large and small financial firms is becoming increasingly prevalent. These AI tools aim to improve operational efficiency and facilitate business expansion. Shadforth Financial Group's CEO, Terry Dillon, highlighted in the ifa Show podcast that leveraging AI has been vital for the company’s growth strategy. - read more
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| Call for Urgent Reforms to Elevate Australian Retirement Outcomes Mon, 03 Nov: The latest study by the Strategic Management Council (SMC) stresses the urgent need for financial advice reforms to enhance retirement outcomes. According to their findings, retirees could potentially forego $6,500 annually without such changes. With over 2.8 million Australians poised to retire in the next decade, the annual retirement rate is set to double, alongside a significant increase in superannuation assets to nearly $1.5 trillion by age 65. - read more
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| Australia's Housing Market and Rental Crisis Intensify Amidst Policy Changes Mon, 03 Nov: The introduction of the Albanese government's 5% deposit scheme for first home buyers at the start of October has led to a noticeable uptick in housing prices. According to Cotality’s latest data, October saw the strongest rise in house prices since June 2023, with a 1.1% increase that equates to a 2.9% rise over the quarter in Australia's major cities. - read more
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| Brisbane Hailstorm Sees Over 16,000 Insurance Claims Mon, 03 Nov: The recent hailstorm in Brisbane has triggered more than 16,000 insurance claims, marking it as a significant event as declared by the Insurance Council of Australia. Both Suncorp and IAG have experienced a substantial influx of claims following the severe weather conditions that affected parts of Queensland and Victoria over the weekend. - read more
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| Austal's $100 Million Boost for U.S. Shipbuilding Expansion Mon, 03 Nov: Austal Limited, a leading Australian shipbuilder, has secured a substantial $100 million loan from Export Finance Australia (EFA) to bolster its shipbuilding operations in Mobile, Alabama. This strategic funding is earmarked for the development of the Final Assembly 2 (FA2) project, a significant initiative aimed at enhancing Austal's capacity to construct vessels for the U.S. Navy and Coast Guard. - read more
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| Marinex Underwriting: New Player in Australia's Marine Insurance Sector Mon, 03 Nov: Marinex Underwriting, a newly established marine underwriting agency, has officially launched in the Australian market, aiming to address the complex insurance needs of the marine sector. Backed by global specialty insurance distributor Amwins, Marinex is a shared equity agency co-founded by industry veterans Janelle Karnib, Chris Kelly, and Ainsley Smith. - read more
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| Australia's Strategic Choice: Japan's New FFM for Naval Expansion Mon, 03 Nov: In a significant move to bolster its naval capabilities, Australia has officially selected Japan's New FFM design for its general purpose frigate program. This decision, announced by Defence Minister Richard Marles on August 5, 2025, marks a pivotal step in enhancing the Royal Australian Navy's operational capacity. - read more
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| Extended Loan Terms: A New Strategy for Australian SMEs Mon, 03 Nov: In response to ongoing economic challenges, Australian small and medium-sized enterprises (SMEs) are increasingly opting for longer-term loans to manage cash flow and sustain operations. Recent data indicates a significant 43% surge in loan applications during the first quarter of the 2025 financial year, highlighting a strategic shift among SMEs towards extended repayment periods. - read more
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| Australian Businesses Seek Loans as Insolvencies Peak Mon, 03 Nov: Recent data reveals a concerning trend among Australian businesses: a 6% increase in business loan applications coinciding with a 21% rise in insolvencies, marking a five-year high. This pattern suggests that many businesses are seeking additional financing not for expansion, but as a means of survival amidst mounting economic pressures. - read more
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| Queensland Strata Owners Advised to Leverage New Premium Reduction Programs Mon, 03 Nov: Strata property owners in North and Central Queensland are being encouraged to take advantage of newly introduced federal and state initiatives designed to reduce insurance premiums and enhance cyclone resilience. These programs offer financial incentives for property upgrades that can lead to significant savings on insurance costs. - read more
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| Strata Futures Report Proposes National Task Force for Industry Overhaul Mon, 03 Nov: The recently released Strata Futures Report has put forth a comprehensive set of 64 recommendations aimed at transforming Australia's strata industry. Central to these proposals is the establishment of a national task force, co-funded by the government, to spearhead reforms and foster a high-performing, transparent, and sustainable model of property ownership and governance. - read more
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| NSW Strata Managers Set to Eliminate Insurance Commissions by 2026 Mon, 03 Nov: In a significant development for the strata management sector, the Strata Community Association New South Wales (SCA NSW) has announced a phased plan to eliminate insurance commissions for managing agents, commencing January 1, 2026. This initiative aims to bolster transparency and trust between strata managers and property owners. - read more
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| ATO's Intensified Debt Recovery Efforts Prompt Surge in Financial Helpline Calls Sun, 02 Nov: Recent data indicates a notable increase in calls to financial helplines across Australia, coinciding with the Australian Taxation Office's (ATO) intensified debt recovery initiatives. This trend underscores the growing financial strain on individuals and small businesses grappling with tax debts. - read more
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| How Financial Brokers Are Easing Debt Stress for Australian Businesses Sun, 02 Nov: Australian businesses are increasingly turning to financial brokers to navigate the complexities of debt management amid rising insolvency rates. In November 2024, business insolvencies surged to 70% above the historical average, highlighting the urgent need for effective debt strategies. - read more
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| Australians Embrace Debt Consolidation Loans Amid Rising Financial Pressures Sun, 02 Nov: Amid escalating financial pressures, Australians are increasingly turning to debt consolidation loans as a strategy to manage multiple debts more effectively. Recent research indicates a 170% surge in such loan applications over the past year, with the average loan amount reaching $33,000 and some as high as $68,000. - read more
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| ASIC Takes Legal Action Against Car Finance Provider for Alleged Lending Breaches Sun, 02 Nov: The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against car finance provider Money3 Loans Pty Ltd, alleging breaches of responsible lending obligations. This action underscores ASIC's commitment to enforcing compliance within the financial sector to protect consumers. - read more
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| Australians Embrace Personal Loans to Fund Home Improvements Sat, 01 Nov: Recent data indicates a significant uptick in Australians utilizing personal loans to finance home renovations. This trend is particularly pronounced in Victoria and New South Wales, where homeowners are leveraging these loans to enhance their properties. - read more
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| Investment in Large-Scale Battery Storage Soars Amid Australia's Renewable Energy Expansion Sat, 01 Nov: Australia's ambitious goal to achieve 82% renewable energy by 2030 has catalyzed a significant surge in investments in large-scale Battery Energy Storage Systems (BESS). This strategic move aims to address the challenges posed by the rapid expansion of solar and wind infrastructure and the phased closure of coal-fired power plants. - read more
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| ANZ Bank's Pacific Expansion Supported by Government Guarantee Sat, 01 Nov: In a significant development for Australia's banking sector, ANZ Bank has secured a $1.2 billion loan guarantee from the Australian government to bolster its operations across the Pacific region. This strategic move aims to counter China's growing influence in the area and underscores the government's commitment to maintaining a robust presence in the Pacific. - read more
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| Understanding Australia's 2025 Federal Budget and Its Impact Sat, 01 Nov: The Australian government unveiled its 2025 federal budget on 25 March 2025, outlining a comprehensive plan for economic management and social development. This budget, presented by Treasurer Jim Chalmers, marks the fourth under the Albanese government and sets the stage for the upcoming federal election. - read more
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| Australia's 2035 Climate Target: A Path Towards Sustainable Future Sat, 01 Nov: The Australian government has announced an ambitious climate target for 2035, aiming for a 62-70% reduction in emissions. This commitment is a significant step towards achieving net-zero emissions by 2050 and positions Australia as a proactive participant in global climate action. - read more
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| Jayco Faces ACCC Legal Action Over Off-Road Caravan Claims Sat, 01 Nov: Australia's largest caravan manufacturer, Jayco, is currently facing legal proceedings initiated by the Australian Competition and Consumer Commission (ACCC). The ACCC alleges that Jayco misled consumers by advertising certain caravans as suitable for off-road use, despite these models not being designed or warranted for such conditions. - read more
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| Exclusive Perks for New Caravan Owners Through Crusader and BIG4 Partnership Sat, 01 Nov: In a strategic move to add value for new caravan owners, Crusader Caravans and its subsidiary brand, Dreamhaven, have partnered with BIG4 Holiday Parks. This collaboration offers new buyers a suite of exclusive benefits designed to enhance their caravanning experience from the outset. - read more
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| ASIC's Comprehensive Review of Australia's Motor Vehicle Finance Sector Sat, 01 Nov: The Australian Securities and Investments Commission (ASIC) has commenced a thorough review of the motor vehicle finance sector, focusing on strengthening consumer protections and ensuring industry compliance with responsible lending obligations. This initiative aims to address potential risks and improve the experiences of borrowers across Australia. - read more
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| Australian EOFY Car Deals Hit Record Highs in 2025 Sat, 01 Nov: The 2025 End of Financial Year (EOFY) period witnessed an unprecedented surge in car deals across Australia, marking a significant milestone in the automotive industry. According to an analysis by TheBeep.com.au, the number of car deals in June 2025 reached 190, representing a 39% increase from the 137 deals recorded in 2024. This substantial growth underscores the intensified competition among automotive brands striving to clear stock before the June 30 deadline. - read more
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| EV and Hybrid Vehicle Financing in Australia Reaches $6.17 Billion in 2024 Sat, 01 Nov: The Australian automotive finance sector has experienced a remarkable surge in support for electric (EV) and hybrid vehicles, with financing volumes escalating from $250 million in early 2023 to an impressive $6.17 billion by the end of 2024. This substantial growth underscores the pivotal role of financial institutions in facilitating the nation's transition to low-emission transportation. - read more
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| Westpac Resolves Auto Finance Class Action with $81 Million Settlement Sat, 01 Nov: Australia's Westpac Banking Corporation has reached a settlement of A$130 million (approximately $81.84 million) to resolve a class action lawsuit concerning its auto finance practices. The lawsuit, initiated by law firm Maurice Blackburn in 2020, alleged that between March 1, 2013, and October 31, 2018, Westpac and its subsidiary, St George Finance, permitted car dealers to increase interest rates on car loans to earn higher commissions. - read more
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