| Financial Secrecy in Australian Relationships: A Growing Concern Sat, 25 Oct: Recent research has unveiled a concerning trend among Australian couples: a significant portion are engaging in financial activities without their partners' knowledge. A survey conducted by Finder, involving 1,017 respondents—591 of whom are in relationships—found that over one in four (27%) are secretly accumulating debt, opening bank accounts, or gambling, all unbeknownst to their partners. - read more
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| Australia's Savings Crisis: Millions at Financial Risk Sat, 25 Oct: A recent survey has brought to light a concerning financial reality for many Australians: 43% of the population, equivalent to approximately 9.2 million people, have less than $1,000 in their bank accounts. This statistic underscores a significant vulnerability, as even minor unexpected expenses could lead to financial distress for a substantial portion of the community. - read more
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| Australians Embrace Financial Planning: 2025 Goals Revealed Sat, 25 Oct: As 2025 approaches, a significant majority of Australians are proactively setting financial goals to enhance their economic well-being. A recent survey conducted by Finder, involving 1,062 respondents, revealed that 75% of Australians—equivalent to approximately 15.6 million people—have established financial objectives for the coming year. - read more
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| Rising Car Loan Delinquencies Signal Financial Strain Among Australians Sat, 25 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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| Westpac Divests Auto Finance Loans in Strategic Move Sat, 25 Oct: In a significant strategic shift, Westpac Banking Corporation has announced its decision to sell its auto finance loan book to Resimac Group. The transaction, valued between A$1.4 billion and A$1.6 billion, aligns with Westpac's ongoing strategy to streamline operations and focus on core banking services. - read more
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| CBA's Loan Practices Under Scrutiny Amid Problem Gambler Case Fri, 24 Oct: The Commonwealth Bank of Australia (CBA) is currently under scrutiny for issuing personal loans totaling approximately $13,500 to an individual identified as a problem gambler. This situation has ignited a broader discussion on the responsibilities of financial institutions in assessing loan applications, particularly from individuals exhibiting signs of financial distress due to gambling. - read more
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| Rate Money's New Offer: Lower Rates for Self-Employed Australians Fri, 24 Oct: In a move to support self-employed Australians facing increasing operational costs, non-bank lender Rate Money has announced significant reductions in interest rates across its 'Evolve Easy Doc' loan range. Effective from June 30, 2025, these adjustments aim to provide more affordable financing options for small business owners and independent professionals. - read more
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| Beforepay's New Personal Loan: A Safe and Affordable Option for Australians Fri, 24 Oct: Beforepay Group Limited, an ethical-lending fintech company, has announced the launch of its new personal loan product, marking a significant expansion in its suite of financial services. This initiative aims to provide Australians with safe and affordable borrowing options, particularly for those seeking larger loan amounts over extended periods. - read more
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| CIL and TAFE Queensland Collaborate to Elevate Caravan Repair Training Fri, 24 Oct: In a significant move to bolster the safety and reliability of caravan travel across Australia, leading insurer CIL has partnered with TAFE Queensland to enhance training programs for caravan repair professionals. This collaboration aims to equip the next generation of repairers with the skills necessary to meet the evolving demands of modern caravan designs. - read more
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| Snowy River Caravans Achieves Historic Double Victory in Q3 2025 RV Market Fri, 24 Oct: In a landmark achievement, Snowy River Caravans has emerged as the frontrunner in Australia's recreational vehicle (RV) market, securing the top position in both the imported and RVMAP categories for the third quarter of 2025. This historic double victory underscores the brand's growing prominence and consumer appeal within the industry. - read more
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| Adelaide's Jayco Dealership Hosts Second 'Built Here. Backed Here' Caravan Expo Fri, 24 Oct: In response to the increasing influx of imported caravans into the Australian market, Adelaide's Jayco dealership recently hosted the second 'Built Here. Backed Here' Caravan Expo. This event, held over the weekend of October 11-12, 2025, aimed to spotlight and promote Australian-made caravans and campers, reinforcing the value of local manufacturing. - read more
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| Understanding the RBA's Insights on Mortgage Stress and Banking Stability Fri, 24 Oct: The Reserve Bank of Australia's (RBA) recent Financial Stability Review sheds light on the current state of mortgage stress among Australian borrowers. The report reveals that approximately 5% of mortgage holders are spending more on essential living expenses and mortgage repayments than their income allows. This situation is projected to peak above 6% by mid-2024 if inflation remains high and interest rates increase by an additional 0.5%. - read more
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| Analyzing the Recent Uptick in Mortgage Arrears Across Australia Fri, 24 Oct: Recent data indicates a rise in mortgage arrears among Australian borrowers, attributed to the cumulative effects of higher interest rates and persistent inflation. According to Fitch Ratings, the proportion of homeowners more than 30 days late on mortgage repayments increased by 23 basis points in the first quarter of 2025, reaching 1.35%. This rise is nearly three times the historical average for this period, suggesting that prolonged financial pressures are impacting household budgets. - read more
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| The Resurgence of Property Investor Lending in Australia's Housing Market Fri, 24 Oct: Australia's property market is witnessing a significant resurgence in investor lending, reaching levels not seen since 2017. Recent data reveals that in the three months leading up to June 2025, 38% of new housing loans were secured by property investors, amounting to nearly 50,000 loans with a combined value close to $33 billion. This marks a substantial increase from previous years and underscores a renewed confidence among investors in the housing sector. - read more
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| Affordable Electric Vehicles: New Low-Interest Loans for Eligible Australians Fri, 24 Oct: The Australian government has launched a new initiative to make electric vehicles (EVs) more accessible to a broader segment of the population. This program offers low-interest loans to individuals earning less than $100,000 annually, as well as essential workers, facilitating the purchase of new and used EVs priced up to $55,000. - read more
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| ASIC's Comprehensive Review of Australia's Motor Vehicle Finance Sector Fri, 24 Oct: 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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| Bank Australia Shifts Focus to Electric Vehicle Financing Fri, 24 Oct: In a significant move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This policy change aligns with the bank's commitment to achieving net-zero carbon emissions by 2035. - read more
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| Australian Used Car Market Faces Cooling Trends Post-2024 Surge Fri, 24 Oct: The Australian used car market, which experienced robust growth throughout most of 2024, has shown signs of slowing down in the final months of the year. This trend suggests a more cautious outlook for 2025, influenced by various economic factors and affordability concerns. - read more
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| ASIC Advocates for Enhanced Consumer Safeguards in Financial Services Thu, 23 Oct: The Australian Securities and Investments Commission (ASIC) has called upon the federal government to broaden proposed reforms aimed at prohibiting unfair trading practices to encompass the financial services sector. This initiative underscores ASIC's commitment to shielding consumers from exploitative conduct that can lead to significant harm. - read more
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| Banks Launch 'Confirmation of Payee' to Enhance Customer Protection Thu, 23 Oct: In a concerted effort to combat the rising tide of financial scams, Australian banks have introduced a new security feature known as 'Confirmation of Payee.' This name-matching service is designed to verify recipient details before processing transactions, thereby reducing the risk of customers being deceived into sending money to fraudulent accounts. - read more
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| RBA Weighs Additional Rate Cuts in Response to Inflation Trends Thu, 23 Oct: The Reserve Bank of Australia (RBA) is currently assessing the necessity for further interest rate reductions in light of ongoing inflationary pressures and a surge in consumer spending. RBA Governor Michele Bullock highlighted that rising costs in home construction and market services suggest that inflation may have exceeded expectations in the third quarter of 2025. - read more
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| Expanded First Home Guarantee Scheme Poised to Elevate Housing Demand Thu, 23 Oct: As of October 1, 2025, the Australian government's expanded First Home Guarantee scheme has come into effect, introducing significant changes designed to make homeownership more accessible for first-time buyers. Key modifications include the removal of income caps, increased property price limits, and the elimination of restrictions on the number of guarantees available. - read more
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| Investor Lending Hits Multi-Year Highs Driven by Rate Cuts and Rental Demand Thu, 23 Oct: Recent data indicates a significant uptick in property investor activity within the Australian housing market. The number of new investor loans has risen substantially over the past two years, with investors now accounting for 38% of all new loans written for property purchases in the three months leading up to June 2025. This equates to nearly 50,000 loans valued at approximately $33 billion. - read more
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| MitchCap Collaborates with BIA and BIAV to Strengthen Marine Industry Finance Thu, 23 Oct: The Australian marine industry is set to benefit from a significant collaboration between MitchCap, the Boating Industry Association (BIA), and the Boating Industry Association of Victoria (BIAV). This partnership introduces a National Marine Industry Financial Awareness and Development Program designed to enhance the financial acumen of marine businesses across the country. - read more
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| Club Marine Marks 65 Years as Australia's Premier Boat Insurer Thu, 23 Oct: In 2024, Club Marine, Australia's largest recreational boat insurer, proudly celebrates its 65th anniversary. Since its inception in 1959 as Marine Hull & Liability, the company has evolved from a modest operation in Victoria to a nationwide leader in marine insurance, serving the diverse needs of the Australian boating community. - read more
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| BIA and AFTA Unite to Strengthen Australia's Boating and Fishing Sectors Thu, 23 Oct: 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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| NASDAQ Faces Ongoing Volatility Amidst Range-Bound Movement Thu, 23 Oct: The NASDAQ index is experiencing continued volatility as it recently reversed at the top of its trading range, maintaining a pattern of range-bound activity. Despite various market narratives, the index has shown minimal directional momentum since mid-September. The current movement is characterised by a slightly lower high, with the 50-day moving average positioned at the lower boundary of a significant trend channel. - read more
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| Chalmers’ Revised Superannuation Tax Plan Fuels Budget Shortfall Concerns Thu, 23 Oct: Recent adjustments to Treasurer Jim Chalmers' superannuation tax proposals have sparked significant debate, revealing a potential $4 billion deficit in Australia's budget. The changes include indexing the $3 million tax threshold and excluding unrealised capital gains from taxation, which alter the original superannuation strategy conceptualised 30 months ago. While initially impacting the budget with a modest $500,000 shortfall in 2028-29, the deficit is expected to grow exponentially over subsequent years. - read more
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| Victoria Faces Mounting Fiscal Challenges Amid Rising Debt Thu, 23 Oct: Victoria, Australia's most indebted state, is experiencing heightened financial scrutiny. The state has managed to retain its AA credit rating, but global rating agencies have urged the government to implement debt reduction strategies and exercise fiscal restraint as the November 2026 election approaches. - read more
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| AFCA Urges Insurance Industry to Improve Premium Explanations to Reduce Disputes Thu, 23 Oct: The Australian Financial Complaints Authority (AFCA) is calling on insurers to enhance their communication regarding premium increases to help resolve disputes more effectively and fairly. The authority suggests that offering flexible payment options could also aid in managing disputes. - read more
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| KTM Secures Crucial €600 Million Funding Amid Financial Restructuring Thu, 23 Oct: In a significant development for the motorcycle industry, Austrian manufacturer KTM AG has successfully secured €600 million in funding to meet its debt obligations, marking a pivotal step in the company's ongoing financial restructuring. This funding ensures KTM's ability to continue operations and reinforces its position in the global motorcycle market. - read more
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| Australian Motorcycle Sales Experience 2.2% Decline in 2025's First Three Quarters Thu, 23 Oct: The Australian motorcycle market has experienced a modest decline in sales during the first nine months of 2025, with a 2.2% decrease compared to the same period in 2024. According to data from the Federal Chamber of Automotive Industries (FCAI), a total of 63,988 motorcycles were sold between January and September 2025. - read more
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| Peter Stevens Motorcycles Faces Uncertain Future After Entering Voluntary Administration Thu, 23 Oct: In a significant development within the Australian motorcycle industry, Peter Stevens Motorcycles, a prominent retailer, has entered voluntary administration, revealing debts exceeding $65.9 million. This move impacts approximately 400 employees and numerous customers across the company's extensive dealership network. - read more
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| TAL's $4.7 Billion Payout Reflects Rising Insurance Claims in Australia Thu, 23 Oct: Leading Australian life insurer TAL has reported a substantial $4.7 billion in life insurance claims paid over the 12 months ending March 31, 2025. This figure underscores the significant role life insurers play in providing financial support to Australians during challenging times. - read more
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| Encompass Protection Recognized as Best Income Protection Provider in 2025 Thu, 23 Oct: Encompass Protection has been honored with the Income Protection Insurance Award at the 2025 Money Magazine Life Insurance Awards. This accolade reflects the company's commitment to providing exceptional coverage and service to Australians seeking income protection solutions. - read more
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| Marinex Underwriting: A New Era in Australian Marine Insurance Thu, 23 Oct: In a significant development for Australia's marine insurance sector, Rhodian Group has unveiled its latest venture, Marinex Underwriting. This new agency is set to provide specialised marine insurance products tailored to the unique needs of the Australian market. - read more
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| Network Marine Insurance Strengthens Ties with Marina Industries Association Thu, 23 Oct: Network Marine Insurance has recently elevated its commitment to Australia's marina industry by becoming a Bronze Sponsor of the Marina Industries Association (MIA). This partnership underscores the company's dedication to supporting the growth and sustainability of marinas across the nation. - read more
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| IAG CEO Predicts Ongoing Insurance Premium Rises Amid Easing Inflation Thu, 23 Oct: Australian consumers should brace for continued increases in insurance premiums, albeit at a moderated pace, according to Nick Hawkins, CEO of Insurance Australia Group (IAG). The company recently reported a significant 91% rise in net profit for the first half of the fiscal year ending December 31, 2024, reaching $778 million. This surge is largely attributed to favourable weather conditions and a reduction in claims. - read more
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| Allianz Australia Completes $642 Million Acquisition of RAA Insurance Thu, 23 Oct: In a significant move within the Australian insurance sector, Allianz Australia has successfully acquired RAA Insurance for $642 million. This acquisition, approved by the competition regulator on June 12, 2025, marks a strategic expansion for Allianz into the South Australian market. - read more
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| Rising Insurance Risks Challenge Australian Businesses in Evolving Landscape Thu, 23 Oct: Australian businesses are currently navigating a complex and evolving risk landscape, marked by increased exposures across various domains. A recent report from Gallagher highlights several key areas contributing to this heightened risk environment. - read more
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| ASIC Initiates Legal Action Against RACQ Insurance Over Misleading Premium Practices Thu, 23 Oct: The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024. - read more
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| Australian Insurance Industry Reports Record $6.1 Billion Profit Amid Rising Premiums Thu, 23 Oct: 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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| Northern Territory Homeowners Experience Rising Insurance Premiums Despite Cyclone Reinsurance Pool Thu, 23 Oct: Homeowners in the Northern Territory are facing significant increases in insurance premiums, despite the federal government's cyclone reinsurance pool established in 2022 to lower costs in cyclone-prone areas. - read more
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| USD Smile Resurfaces: What It Means for the Australian Dollar Wed, 22 Oct: The resurgence of the 'USD smile' is influencing global currency markets, including the Australian dollar (AUD). This concept connects the USD's performance to market risk sentiment and the relative rate advantage. Despite the recent volatility in US banks, the USD has retained its position due to its safe-haven appeal and shifting expectations around the Federal Reserve's monetary policy. - read more
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| Navigating the Complexity of Australian Superannuation Wed, 22 Oct: The Australian superannuation landscape is undergoing significant scrutiny, with evolving regulations and market uncertainties impacting retirement confidence. Market volatility and legislative changes, such as the proposed Division 296 tax on super balances over $3 million, have heightened anxieties. There is also an ongoing debate about the superannuation industry's heavy focus on accumulating wealth without adequately addressing how retirees should draw down their savings. - read more
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| Australia's Economic Shift: Rising Unemployment and Potential Rate Cuts Wed, 22 Oct: The recent increase in Australia's unemployment rate has highlighted a major labor market shift, with significant implications for economic policy. Data from the Australian Bureau of Statistics (ABS) shows a rise in the unemployment rate to 4.5% as of September, the highest since late 2021, signalling a critical reliance on the non-market sector for job creation. Notably, non-market jobs, largely within government-funded sectors like healthcare and education, now make up an unprecedented 31.5% of the workforce. - read more
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| Australia to Explore European Flood Insurance Schemes Amid Rising Coverage Challenges Wed, 22 Oct: Australia is set to explore international flood insurance schemes as challenges in securing coverage in high-risk areas grow. Financial Services Minister Daniel Mulino revealed that Australia will assess models like Flood Re in the UK and several European approaches in countries such as Italy, France, Germany, and Switzerland. This move comes amidst increasing difficulties for high-risk properties to obtain insurance coverage. - read more
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| Unemployment Climbs to 4.5% in September 2025 Tue, 21 Oct: In September 2025, Australia's unemployment rate rose to 4.5%, marking the highest level since November 2021. This increase has sparked discussions about potential interest rate cuts by the Reserve Bank of Australia (RBA). - read more
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| RBA Reports Easing Financial Conditions After Rate Reductions Tue, 21 Oct: The Reserve Bank of Australia (RBA) has observed initial signs of loosening financial conditions following three interest rate cuts in 2025, which have brought the cash rate down to 3.6%. Assistant Governor Christopher Kent highlighted that credit availability for both households and businesses has improved as a result. - read more
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| CBA Confirms CEO Matt Comyn's Leadership Through 2028 Tue, 21 Oct: The Commonwealth Bank of Australia (CBA) has announced that CEO Matt Comyn will continue to lead the nation's largest lender until at least 2028. This extension ensures leadership stability as the bank navigates ongoing economic shifts. - read more
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| Life Insurance Sector to Develop New Mental Health Claims Framework Tue, 21 Oct: A significant update is on the horizon for mental health claims within the Australian life insurance sector. The Council of Australian Life Insurers (CALI) has announced the creation of a new assessment framework. This move will be developed in collaboration with consumer advocates, medical specialists, and other key stakeholders. The forthcoming plan aims to establish minimum standards for evaluating claims, ensuring that they are based on consistent and evidence-based criteria. - read more
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| RBA Maintains Cash Rate at 3.6% Amid Economic Uncertainty Tue, 21 Oct: The Reserve Bank of Australia (RBA) has decided to keep the official cash rate steady at 3.6% during its September 2025 meeting. This decision follows three consecutive 25 basis point cuts earlier in the year, bringing the rate down from a peak of 4.35% in February. The RBA's cautious approach reflects ongoing concerns about inflation and economic uncertainties. - read more
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| Australia Triumphs in 2025 Speedway of Nations Grand Final Tue, 21 Oct: Australia has secured its second Speedway of Nations title, defeating host nation Poland in the Grand Final held at MotoArena Toruń in Toruń, Poland. The Australian team, comprising riders Brady Kurtz and Jack Holder, delivered an outstanding performance to clinch the championship. - read more
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| Australia Secures Consecutive Motocross des Nations Titles in 2025 Tue, 21 Oct: Australia has successfully defended its Motocross des Nations title, achieving back-to-back victories in the prestigious event held at Ironman Raceway near Crawfordsville, Indiana, USA. This marks the second consecutive win for the Australian team, solidifying their position as a dominant force in international motocross. - read more
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| Rate Money Announces Rate Reductions for Self-Employed Borrowers Tue, 21 Oct: In a move to support self-employed Australians, non-bank lender Rate Money has announced significant reductions in interest rates across its 'Evolve Easy Doc' loan range. Effective from June 30, 2025, the new rates start from 6.64% per annum, aiming to provide more accessible financing options for small business owners and self-employed individuals. - read more
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| Renown Lending Partners with Marlbury Capital to Expand SME Asset-Backed Loans Tue, 21 Oct: Renown Lending has announced a significant partnership with Marlbury Capital, securing a $100 million facility to expand asset-backed loans for Australian small and medium-sized enterprises (SMEs). This initiative is designed to offer fast, simple, and flexible financing solutions, enabling business owners to seize opportunities, manage cash flow, and stabilize operations. - read more
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| ASIC Highlights Compliance Issues Among Small Credit Lenders Tue, 21 Oct: The Australian Securities and Investments Commission (ASIC) has recently expressed concerns regarding the compliance practices of certain small credit lenders. A comprehensive review conducted by ASIC revealed that some providers of small amount credit contracts (SACCs) may be steering vulnerable consumers towards financial products that offer fewer protections, potentially exposing them to increased financial risk. - read more
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| WFI and AgCarE Join Forces to Reward Sustainable Farming Practices Tue, 21 Oct: In a significant move towards promoting sustainable agriculture, WFI Insurance has partnered with AgCarE, a certification program developed by AgForce, to offer premium reductions to farmers who achieve AgCarE certification. This collaboration aims to enhance financial, environmental, and social outcomes for Australian farmers and rural communities. - read more
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| Rising Insurance Costs Challenge Australian Farmers as Extreme Weather Intensifies Tue, 21 Oct: Australian farmers are confronting a significant surge in insurance premiums, a trend largely attributed to the increasing frequency and severity of extreme weather events. Over the past few years, many farmers have reported that their insurance bills have more than doubled, with annual premiums exceeding $100,000. - read more
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| Diversifying Small Farms Open New Avenues for Insurance Brokers Tue, 21 Oct: The landscape of Australian agriculture is evolving as small commercial farms increasingly diversify their operations to enhance income and sustainability. This shift presents both challenges and opportunities for insurance brokers, as new ventures introduce complex risk management needs. - read more
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| Westpac Implements $177 Million Restructuring Charge in Second Half of Fiscal 2025 Tue, 21 Oct: Westpac Banking Corporation has reported a restructuring charge of A$273 million (approximately $177.72 million USD) for the second half of fiscal year 2025. This move is part of the bank's ongoing 'Fit for Growth' program, which focuses on strategic cost management and performance improvement. - read more
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| Australia's Unemployment Rate Climbs to 4.5% in September 2025 Tue, 21 Oct: In September 2025, Australia's unemployment rate increased to 4.5%, marking the highest level since November 2021. This rise surpassed economists' expectations of 4.3% and has reignited discussions about potential interest rate cuts by the Reserve Bank of Australia (RBA). Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check! 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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| Reserve Bank of Australia Reports Early Signs of Loosening Financial Conditions Following Rate Cuts Tue, 21 Oct: The Reserve Bank of Australia (RBA) has observed early signs of loosening financial conditions following three interest rate cuts in 2025, which have brought the rate down to 3.6%. According to RBA Assistant Governor Christopher Kent, credit availability for households and businesses has improved as a result of these adjustments. - read more
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| Surge in Investor Lending Pushes Australian Mortgages to Eight-Year Peak Tue, 21 Oct: Recent data reveals a significant resurgence in property investor activity within Australia's mortgage market. In the three months leading up to June 2025, investor loans accounted for 38% of new mortgages, marking the highest proportion since 2017. This uptick translates to nearly 50,000 loans valued at approximately $33 billion. - read more
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| RBA's October 2025 Review Affirms Australia's Financial System Resilience Tue, 21 Oct: The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial health. The report concludes that Australia's financial system remains well-positioned to navigate the current global economic uncertainties. - read more
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| Engage Marine Secures Funding Partner to Fuel National Expansion Tue, 21 Oct: Engage Marine, a leading provider of marine services in Australia, has announced a strategic partnership with PGIM Private Capital to fund its growth opportunities and expand its services nationwide. PGIM Private Capital, the private capital arm of Prudential Financial, Inc., is a prominent source of private debt for public and private companies globally. - read more
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| KTM AG Secures €600 Million Funding to Fulfill Debt Obligations Tue, 21 Oct: Austrian motorcycle manufacturer KTM AG has successfully secured €600 million in funding to meet its debt obligations, marking a significant milestone in its ongoing financial restructuring. This development ensures the company's stability and continued operations in the global motorcycle market. - read more
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| Addressing the Surge in Collision Risks for Australian Fleet Operators Tue, 21 Oct: Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims. This trend underscores the pressing need for fleet operators to adopt proactive risk management strategies and leverage advanced insurance solutions to safeguard their operations. - read more
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| Understanding the Impact of Inattention and Speed on Australian Truck Crashes Tue, 21 Oct: 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 emphasize 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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| Navigating the Rise in Comprehensive Car Insurance Premiums for Australian Drivers Tue, 21 Oct: Australian motorists are experiencing continued pressure from rising comprehensive car insurance premiums, with average annual costs increasing by 5.8% between 2024 and 2025. This translates to an average increase of $122, bringing the typical comprehensive policy to $2,226, up from $2,104 a year earlier. - read more
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| Understanding the Surge in Home Insurance Premiums Across Australia Tue, 21 Oct: Australian homeowners are experiencing notable increases in home insurance premiums, a trend largely driven by the escalating frequency and severity of extreme weather events. Recent data indicates that average annual premiums for new home and contents policies have risen by 14%, equating to an additional $343 per year for policyholders. This surge is a direct response to the substantial claims resulting from natural disasters that have impacted various regions across the country. - read more
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| The Vital Role of Reinsurance in Safeguarding Australian Insurers Tue, 21 Oct: Reinsurance has emerged as a cornerstone of financial stability for Australian insurers, effectively shielding them from potential losses that could have reached up to $70 billion. In the past financial year, general insurers in Australia invested approximately AUD2.5 billion in reinsurance, a strategic move that has proven invaluable in mitigating the financial impact of increasingly frequent and severe natural disasters. - read more
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| Superannuation Funds Shift Towards Equities Amid Market Optimism Tue, 21 Oct: Recent analyses indicate that Australian superannuation funds are significantly increasing their exposure to equities, reducing cash reserves to capitalize on favorable market conditions. This strategic shift reflects a growing confidence in the financial markets and a pursuit of higher returns for fund members. - read more
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| JPMorgan's 2025 ASX Outlook: Emphasis on Tech and Healthcare Sectors Tue, 21 Oct: In its recently released 2025 Australia outlook, JPMorgan has expressed a bullish stance on the technology and healthcare sectors, while adopting a more cautious approach towards banking stocks. This strategic positioning reflects the firm's analysis of current market dynamics and future growth prospects. - read more
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| Australian ETF Market Exceeds $300 Billion Landmark Mon, 20 Oct: Australia's exchange traded fund (ETF) sector has achieved a significant milestone, crossing the $300 billion mark in funds under management. Data from Australian ETF issuer Betashares revealed that the industry hit $309.3 billion by the end of September 2025. This represents a rise of $9.9 billion, or 3.3 percent, since the previous month. - read more
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| Jim Chalmers Revises Superannuation Changes: What It Means for Australians Mon, 20 Oct: In a significant policy shift, Treasurer Jim Chalmers has announced revisions to Labor's proposed superannuation tax changes, initially introduced in 2023. This decision marks an adjustment to the super tax framework, affecting Australians with substantial superannuation accounts. - read more
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| Reserve Bank Signals Potential Interest Rate Cut Amid Rising Unemployment Mon, 20 Oct: As Australia grapples with a surprise leap in unemployment figures, the Reserve Bank of Australia (RBA) is hinting at a possible interest rate reduction. The unemployment rate rose to 4.5% in September, a four-year high that caught many economists off guard. This development has sparked anticipation of a rate cut, prompting movements in the local share market, which recently recorded unprecedented highs. - read more
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| Taxi Driver Wins Case Against Late Reporting Excess on Crash Claim Mon, 20 Oct: A recent ruling by the Australian Financial Complaints Authority (AFCA) has overturned a $2500 late reporting excess fee applied to a taxi driver's insurance claim. The charge was initially levied after he lodged a claim late following a December 2023 accident for which he was at fault, resulting in minor damage to his vehicle. - read more
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| Celebrating Excellence: 2025 National Trucking Industry Award Winners Mon, 20 Oct: The Australian Trucking Association (ATA) has proudly announced the recipients of the 2025 National Trucking Industry Awards, recognising individuals and organisations that have demonstrated exceptional dedication and innovation within the trucking sector. These awards highlight the vital contributions made to the industry and the broader Australian economy. - read more
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| Addressing the Surge in Collision Risks Among Australian Fleet Operators Mon, 20 Oct: Australia's transport and haulage sector is currently navigating a period marked by an uptick in motor collision claims, posing significant challenges for fleet operators nationwide. This trend underscores the necessity for enhanced risk management and insurance strategies to safeguard operations and maintain profitability. - read more
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| Inattention and Speed: Primary Factors in Australian Truck Crashes Mon, 20 Oct: The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, shedding light on the predominant causes of significant truck crashes across Australia. The findings underscore the critical need for targeted interventions to enhance road safety within the transport industry. - read more
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| ATA's $5 Billion Road Upgrade Plan Aims to Reduce Living Costs Mon, 20 Oct: 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 Experience 11.8% Decline as Market Stabilises Mon, 20 Oct: Australia's truck and van market has experienced an 11.8% decline in sales during 2025, marking a period of stabilisation following consecutive years of record-breaking figures. According to the Truck Industry Council (TIC), a total of 33,727 heavy vehicles were sold by the end of September, reflecting a significant decrease compared to the same period in 2024. - read more
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| Australian Transport SMEs Face New Financial Challenges Amid Regulatory Changes Mon, 20 Oct: Small to medium-sized enterprises (SMEs) in Australia's transport sector are grappling with new financial challenges following recent regulatory changes that have increased operational costs. As of July 1, several measures have come into effect, placing additional burdens on these vital businesses. - read more
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| ASIC Initiates Legal Proceedings Against RACQ Insurance for Misleading Premium Information Sun, 19 Oct: The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024. - read more
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| Rising Travel Insurance Claims Among Australians Visiting Thailand Sun, 19 Oct: Southern Cross Travel Insurance (SCTI) has reported a significant 43% increase in emergency assistance cases involving Australian travellers in Thailand compared to the previous year. This surge underscores the importance of comprehensive travel insurance for those venturing abroad. - read more
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| Open Insurance Unveils Innovative AI-Powered Travel Insurance for Australians Sun, 19 Oct: Open Insurance, the parent company of the AI-driven brand Huddle, has launched a new travel insurance product tailored for the Australian market. This marks the company's return to offering travel insurance locally since the COVID-19 pandemic. - read more
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| Potential Decrease in Australian Insurance Premiums Amid Global Market Downturn Sun, 19 Oct: Recent developments in the global financial markets have sparked discussions about potential benefits for Australian insurance policyholders. A significant sell-off in the insurance sector on Wall Street has led analysts to speculate that Australian insurance premiums could see a reduction in the near future. - read more
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| Climate Change Threatens Insurability of Australian Homes by 2050 Sun, 19 Oct: A recent National Climate Risk Assessment has raised significant concerns about the future insurability of Australian homes. The comprehensive government report warns that by 2050, approximately one million homes could be classified as 'very high risk' due to climate change, potentially rendering them uninsurable. - read more
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| Rising Home Insurance Premiums in Australia Amidst Extreme Weather Events Sun, 19 Oct: Australian homeowners are experiencing a significant rise in home insurance premiums, driven by an increase in extreme weather events. The Insurance Council of Australia (ICA) reports that in the first half of 2025 alone, severe weather incidents, including ex-tropical cyclone Alfred, resulted in $1.8 billion in insurance claims. - read more
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| ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums Sun, 19 Oct: The Insurance Council of Australia (ICA) has recently released a white paper highlighting the urgent need for reforms to state and territory civil liability laws, which have remained largely unchanged for nearly 25 years. These outdated laws are contributing to significant increases in public liability insurance premiums, affecting a wide range of businesses across the nation. - read more
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| Australian Businesses Demand National Action on Rising Insurance Costs Sun, 19 Oct: In response to escalating insurance premiums, Australian businesses are calling for a coordinated national reform agenda to alleviate the financial pressures associated with obtaining adequate coverage. A recent report produced jointly by the Australian Chamber of Commerce and Industry (ACCI) and the Insurance Council of Australia (ICA) highlights the urgent need for comprehensive reforms to address the challenges faced by small and medium-sized enterprises (SMEs). - read more
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| APRA Reports Significant Increase in Public Liability Insurance Premiums Sun, 19 Oct: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years. According to the data, premiums have risen by 40% since 2015, a rate that surpasses general inflation and places additional financial strain on businesses across the country. - read more
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| Cash Flow Crunch: How Rising Costs Are Impacting Australian SMEs Sat, 18 Oct: Australian small and medium-sized enterprises (SMEs) are currently navigating a challenging financial landscape marked by escalating operational costs and constrained access to external financing. This environment has compelled a significant number of business owners to inject personal funds into their ventures to maintain liquidity and sustain operations. - read more
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| Funding Divide: Tech Startups Thrive as Traditional SMEs Struggle Sat, 18 Oct: The Australian business financing landscape is experiencing a pronounced divergence. On one hand, technology startups are attracting substantial venture capital investments, while on the other, traditional small and medium-sized enterprises (SMEs) are encountering increasingly restrictive lending conditions. - read more
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| Resilient Growth: Australian SMEs Set to Invest Amid Challenges Sat, 18 Oct: Amidst a backdrop of economic uncertainty and rising operational costs, Australian small and medium-sized enterprises (SMEs) are demonstrating remarkable resilience. A recent survey by the National Australia Bank (NAB) reveals that 60% of SMEs plan to invest in their businesses over the next 12 months, focusing on areas such as technology upgrades, new product development, and workforce expansion. - read more
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| Lifestyle, Not Wealth, Drives Retirement Strategy in Australia Fri, 17 Oct: The recent discussions at an ifa roundtable, in partnership with Resolution Life, have shed light on a novel perspective in retirement planning. Rachna Chandna, Director at Emerald Private Wealth, emphasised that understanding a client's lifestyle is crucial for assessing longevity risk. She asserts that the relative nature of spending and capital means that even substantial wealth can seem inadequate based on individual lifestyles. - read more
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| Government Reforms to Super Legislation Aim for Fairness and Sustainability Fri, 17 Oct: Australia's Treasurer Jim Chalmers has laid out significant modifications to the superannuation tax legislation, meant to make concessions less generous for those with substantial super balances. This is a strategic pivot from the previously endorsed policy, which had faced opposition and criticism. According to Chalmers, these adjustments align with the central objectives of enhancing the superannuation system's integrity by rendering it stronger and more equitable. - read more
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| Unemployment Rise Raises Prospects of RBA Rate Cuts Fri, 17 Oct: Australia's unemployment rate has spiked unexpectedly, prompting predictions of potential rate cuts by the Reserve Bank of Australia (RBA). The Australian Bureau of Statistics (ABS) recently disclosed that unemployment climbed by 0.2%, reaching 4.5% in September from a revised 4.3% in August. This is the highest rate since November 2021, as noted by Sean Crick, head of labour statistics at the ABS. - read more
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| Government Urges Industry to Address Shield and First Guardian Fallout Fri, 17 Oct: The Australian government, led by Minister for Financial Services Daniel Mulino, is advocating for industry and regulatory engagement to address the ramifications of the $1.2 billion collapse of Shield and First Guardian funds. Although government intervention may be necessary, the immediate focus is on ensuring consumer protection amid the fallout, which has prompted investigations by the Australian Securities and Investments Commission (ASIC) into fund managers, advisors, and associated entities. - read more
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| ANZ Faces Record $160 Million Fine for Regulatory Misconduct Fri, 17 Oct: In a significant development within the Australian banking sector, ANZ Banking Group has agreed to pay a record A$240 million (US$159.5 million) fine for a series of serious regulatory breaches. This penalty, imposed by the Australian Securities and Investments Commission (ASIC), underscores the importance of stringent compliance and ethical practices within financial institutions. - read more
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| Coalition's Proposal to Ease Home Lending Rules Sparks Debate Fri, 17 Oct: The Coalition has announced plans to relax home lending rules if it secures victory in the upcoming election. This proposal aims to make it easier for first-time homebuyers to secure mortgages by adjusting the Australian Prudential Regulation Authority's (APRA) current serviceability buffer requirements. - read more
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| APRA Lifts Capital Add-On for Westpac Following Risk Management Enhancements Fri, 17 Oct: The Australian Prudential Regulation Authority (APRA) has recently removed the remaining A$500 million ($324 million) capital add-on imposed on Westpac Banking Corporation. This decision comes after the bank's successful completion of a comprehensive, multi-year risk transformation program aimed at enhancing its risk management frameworks and practices. - read more
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| ASIC's Comprehensive Review Targets Motor Vehicle Finance Practices Fri, 17 Oct: The Australian Securities and Investments Commission (ASIC) has embarked on a thorough review of the motor vehicle finance sector, aiming to bolster consumer protections, particularly for individuals in regional and remote areas, including First Nations communities. This initiative underscores ASIC's commitment to ensuring fair and responsible lending practices across the nation. - read more
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| Bank Australia Ends Financing for New Fossil Fuel Vehicles Fri, 17 Oct: In a bold move towards sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This strategic decision aligns with the bank's commitment to achieving net-zero carbon emissions by 2035 and underscores its dedication to promoting environmentally friendly transportation options. - read more
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| Surge in Car Loan Delinquencies Sparks Financial Sector Worries Fri, 17 Oct: Australia is witnessing a notable increase in car loan delinquencies, with a corresponding rise in vehicle repossessions and auctions. This trend is raising alarms about the financial well-being of consumers and potential ripple effects on the broader financial sector. - read more
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| RBA Weighs Additional Rate Cuts Amid Economic Indicators Thu, 16 Oct: The Reserve Bank of Australia (RBA) is currently evaluating the necessity of further interest rate cuts in light of recent economic developments. Following three reductions earlier this year, bringing the cash rate to 3.6%, the central bank is closely monitoring indicators such as consumer spending and inflation trends to inform its monetary policy decisions. - read more
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| Navigating Car Loan Approval Timelines in Australia Thu, 16 Oct: Securing a car loan is a pivotal step for many Australians aiming to purchase a vehicle. Understanding the approval process and the time it takes can help set realistic expectations and facilitate a smoother experience. - read more
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| Current Car Loan Interest Rates in Australia: October 2025 Thu, 16 Oct: As of October 2025, Australian borrowers have access to a variety of car loan options with competitive interest rates. Understanding the current landscape can assist in making informed financing decisions. - read more
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| Boosting Financial Wellbeing Through Pro Bono Advice Thu, 16 Oct: Stephanie Patrick, a seasoned financial adviser with over 13 years of experience, has dedicated her career to transforming lives through financial guidance. In her recent roles at Hewison Private Wealth and her new position at Koda Capital, Patrick has been instrumental in aiding clients with significant asset portfolios. - read more
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| AFCA Jurisdiction Gaps Highlighted in $1.2 Billion Collapse Case Thu, 16 Oct: A prominent law firm, FD Legal, has raised significant concerns over the Australian Financial Complaints Authority (AFCA)'s jurisdictional limitations amidst the fallout from the collapse of the Shield and First Guardian master funds. The firm, representing clients affected by these collapses, has identified potential jurisdictional gaps that may prevent clients from accessing compensation amounting to hundreds of thousands of dollars. - read more
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| RBA Governor Bullock Cautions on Forward Guidance Amid Economic Shifts Thu, 16 Oct: In a candid conversation, Reserve Bank of Australia (RBA) Governor Michele Bullock addressed the complexity of providing forward guidance on interest rates, highlighting lessons learned from past communications under her predecessor. During a fireside chat hosted by Nomura, Bullock expressed reluctance to project future interest-rate scenarios, citing previous experiences where market interpretations of the bank’s guidance led to widespread misconceptions. - read more
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| Insurance Industry Calls for Liability Law Reforms as Costs Skyrocket for Entertainment Sectors Thu, 16 Oct: The Insurance Council of Australia (ICA) is advocating for comprehensive reforms in liability laws to tackle rising insurance premiums, particularly impacting sectors such as live music venues, festivals, caravan parks, and amusement venues. The call comes with the release of a white paper highlighting that outdated state-based civil liability laws, untouched for nearly 25 years, are inflating costs significantly. - read more
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| Westpac Divests Auto Finance Loans to Resimac Group Thu, 16 Oct: In a strategic move to concentrate on its core banking operations, Westpac Banking Corp has announced the sale of its auto finance loan book to non-bank lender Resimac Group. The transaction is valued between A$1.4 billion and A$1.6 billion and is expected to be completed by the first half of 2025. - read more
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| ANZ Bank Penalised A$240 Million for Regulatory Misconduct Thu, 16 Oct: In a significant development within Australia's banking sector, ANZ Bank has agreed to pay a record-breaking A$240 million fine for a series of regulatory breaches. This penalty, imposed by the Australian Securities and Investments Commission (ASIC), underscores the importance of compliance and transparency in financial institutions. - read more
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| ASIC Commences In-Depth Review of Motor Vehicle Finance Practices Thu, 16 Oct: The Australian Securities and Investments Commission (ASIC) has embarked on a thorough review of the motor vehicle finance sector, aiming to bolster consumer protections and ensure industry-wide compliance with responsible lending obligations. 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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| Crusader Caravans Unveils Budget-Friendly Dreamhaven Series Thu, 16 Oct: Crusader Caravans has recently released its Dreamhaven series, a brand new line of Australian-made caravans designed to be more accessible to first-time buyers and those looking to upgrade from older models or tent camping. This initiative addresses the growing demand for affordable, locally manufactured caravans in the Australian market. - read more
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| Titanium Caravans Launches Luxury Off-Road Models WS1 and TS1 Thu, 16 Oct: Melbourne-based Titanium Caravans has recently unveiled two new luxury off-road models, the WS1 and TS1, designed to cater to travellers seeking comfort and advanced features in remote locations. These models represent a significant advancement in off-road caravan design, combining luxury with robust off-grid capabilities. - read more
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| RBA Holds Cash Rate Steady at 3.60%, Emphasizes Data-Driven Policy Wed, 15 Oct: The Reserve Bank of Australia (RBA) has decided to maintain the cash rate at 3.60% during its September 2025 policy meeting. This decision follows three rate cuts earlier in the year and reflects the central bank's cautious approach in response to persistent inflation in the services sector and stable employment levels. - read more
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| Commonwealth Bank Achieves Record A$10.25 Billion Profit on Lending Surge Wed, 15 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 milestone reflects a 4.2% increase from the previous year's profit of A$9.84 billion and surpasses analyst expectations. - read more
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| Australian Mortgage Market Sees 6.8% Growth in New Home Loans for FY25 Wed, 15 Oct: The Australian mortgage market experienced a significant uplift in the fiscal year 2025, with new property-backed loans increasing by 6.8% compared to the previous year. This growth is primarily attributed to recent interest rate cuts, improved housing affordability, and enhanced support for first-time homebuyers. - read more
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| Sydney Boat Show 2025 Achieves Remarkable Success Wed, 15 Oct: The 2025 Sydney Boat Show, held from August 14 to 17 at the Sydney Showground in Sydney Olympic Park, concluded with impressive results, attracting 23,525 attendees. This year marked a significant evolution for the show, which moved to Sydney Olympic Park to enhance its 56-year legacy as a premier event in the Australian boating industry. - read more
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| Australian Boating Industry Maintains $10.2 Billion Turnover Wed, 15 Oct: The Boating Industry Association (BIA) has released its State of the Industry Data Report, revealing a national turnover of $10.2 billion for the 2024-25 financial year, maintaining the record set in the previous year. This stability underscores the resilience and sustained growth of Australia's boating sector. - read more
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| New Campaign Promotes Responsible Boat Ownership in Australia Wed, 15 Oct: The Boating Industry Association (BIA) has announced its support for a Trans-Tasman initiative aimed at promoting responsible boat ownership. This campaign, launched by the Australia New Zealand Safe Boating Education Group (ANZSBEG), seeks to educate the public on safe and responsible boating practices, coinciding with Safe Boating Week 2025, running from October 6 to 12. - read more
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| Peter Stevens Motorcycles Faces Financial Turmoil with $65.9 Million Debt Wed, 15 Oct: Peter Stevens Motorcycles, a cornerstone of Australia's motorcycle retail industry since 1970, has entered voluntary administration, revealing debts exceeding $65 million. This development casts uncertainty over the future of the company's 400 employees and its extensive customer base. - read more
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| Harley-Davidson Explores Sale of Financing Unit Stake Wed, 15 Oct: Harley-Davidson is reportedly in discussions to sell a stake in its financing unit, Harley-Davidson Financial Services (HDFS), to investment firms Pacific Investment Management Co (PIMCO) and KKR & Co. The proposed deal, valued at approximately $5 billion, includes the sale of existing motorcycle loan portfolios. - read more
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| Markel Insurance Strengthens Australian Presence with New Marine Leadership Wed, 15 Oct: Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, signaling the company's strategic expansion into the Australian marine insurance market. Based in Sydney, Wills will spearhead the launch of Markel's marine products in the region, beginning with marine cargo insurance. - read more
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| Surge in Profits for Australian Insurers Amid Rising Premiums Wed, 15 Oct: In 2024, Australia's insurance industry reported a collective after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is attributed to substantial premium hikes and a relatively quiet year for natural disasters. - read more
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| Rising Insurance Costs Challenge Australian Businesses Amid Crime Surge Wed, 15 Oct: Australian businesses are confronting escalating insurance premiums, driven by a surge in break-ins and thefts. This trend is placing additional financial strain on business owners already navigating a complex economic environment. - read more
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| Allianz Australia Penalised for Misleading Insurance Practices Wed, 15 Oct: In a significant regulatory development, Allianz Australia and its subsidiary, AWP Australia, have been fined $16.8 million for making false and misleading statements. This penalty underscores the critical importance of transparency and honesty in the insurance industry. - read more
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| Allianz Australia Completes Acquisition of RAA Insurance Wed, 15 Oct: Allianz Australia has successfully completed the acquisition of RAA Insurance for $642 million, marking a significant expansion of its operations in South Australia. This strategic move is set to enhance Allianz's market presence and diversify its service offerings in the region. - read more
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| ANZ Bank Ceases Share Buyback to Fund Strategic Overhaul Mon, 13 Oct: ANZ Group has announced the cessation of its remaining A$800 million share buyback program, opting to conserve capital for a comprehensive strategic overhaul. This decision aligns with the bank's commitment to strengthening its market position and addressing recent regulatory challenges. - read more
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| RBNZ Announces Formation of Financial Policy Committee Mon, 13 Oct: The Reserve Bank of New Zealand (RBNZ) has unveiled plans to establish a new Financial Policy Committee (FPC) by early 2026. This initiative is designed to enhance the central bank's authority in setting prudential regulations for banks and making informed decisions regarding mortgage lending ratios. - read more
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| Australian Consumer Sentiment Falls Amid Inflation Concerns Mon, 13 Oct: In October 2025, Australian consumer sentiment experienced a 3.5% decline, marking the second consecutive month of reduced optimism. The Westpac-Melbourne Institute survey reported a sentiment index drop to 92.1, following a 3.1% fall in September. This trend indicates a predominance of pessimism over optimism among consumers. - read more
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| Harley-Davidson's Potential Financing Unit Sale: What It Means for Australian Riders Mon, 13 Oct: Harley-Davidson, the iconic American motorcycle manufacturer, is reportedly in discussions to sell a stake in its financing arm, Harley-Davidson Financial Services (HDFS). This move could have significant implications for Australian riders seeking financing options for their motorcycle purchases. - read more
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| Small Business Lending Surges After RBA's Interest Rate Reductions Mon, 13 Oct: In a significant development for Australia's small and medium-sized enterprises (SMEs), recent interest rate cuts by the Reserve Bank of Australia (RBA) have led to a notable increase in small business loan applications. This trend underscores a renewed sense of optimism among business owners, eager to leverage more favourable borrowing conditions to drive growth and expansion. - read more
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| Expansion of Private Credit Market Opens New Financing Avenues for Australian SMEs Mon, 13 Oct: The Australian financial landscape is witnessing a significant shift as the private credit market experiences substantial growth, offering small and medium-sized enterprises (SMEs) alternative avenues for financing. This expansion is particularly noteworthy in the context of traditional banks tightening their lending criteria, leaving many businesses in search of accessible funding solutions. - read more
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| Reserve Bank of Australia Advises Caution on Borrowing as Rate Cuts Loom Mon, 13 Oct: As the Australian economy anticipates potential interest rate reductions, the Reserve Bank of Australia (RBA) has issued a cautionary note to households, advising against excessive borrowing that could lead to financial instability. This advisory comes amidst a backdrop of economic recovery efforts and aims to prevent the emergence of a boom-bust cycle driven by unsustainable debt levels. - read more
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| ANZ Bank Announces Significant Workforce Reduction by 2026 Mon, 13 Oct: In a strategic move to streamline operations, ANZ Bank has announced plans to reduce its workforce by 3,500 employees by September 2026. This decision is part of the bank's broader initiative to enhance operational efficiency and reduce redundancy within its organisational structure. - read more
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| Commonwealth Bank Achieves Record Profit Amidst Lending Surge Mon, 13 Oct: The Commonwealth Bank of Australia (CBA) has reported a record full-year cash profit of A$10.25 billion for the fiscal year ending June 30, 2025. This impressive financial performance is attributed to robust growth in both home and business lending sectors. - read more
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| DBS Bank Sets Ambitious Goal to Double Australian Lending Mon, 13 Oct: Singapore-based DBS Bank has announced plans to double its Australian lending book from A$11 billion to A$20 billion over the next five years. This strategic expansion aims to capitalise on growing trade ties between Australia and Southeast Asian countries, including Singapore, Indonesia, Malaysia, and Vietnam. - read more
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| Marinex Underwriting Sets Sail in Australian Marine Insurance Market Mon, 13 Oct: The Australian marine insurance landscape has welcomed a new entrant with the launch of Marinex Underwriting. This agency, backed by global specialty insurance distributor Amwins, is the third venture incubated by the Rhodian Group, a company dedicated to developing specialised underwriting agencies in Australia. - read more
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| Austal Limited Bolsters U.S. Shipbuilding with $100 Million EFA Loan Mon, 13 Oct: Austal Limited, a prominent Australian shipbuilder, has secured a $100 million loan from Export Finance Australia (EFA) to support the expansion of its shipbuilding operations in Mobile, Alabama. This funding is earmarked for the development of Austal USA's Final Assembly 2 (FA2) project, a significant step in enhancing the company's capacity to construct vessels for the U.S. Navy and Coast Guard. - read more
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| AMMF Partners with AFG to Broaden Asset Finance Offerings Mon, 13 Oct: Australian Motorcycle & Marine Finance (AMMF) has joined the Australian Finance Group (AFG) panel, a move set to expand asset finance options available to brokers and their clients. This partnership integrates AMMF's specialised financing solutions into the AFG Business platform, enhancing the range of products accessible to brokers. - read more
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| RBA's October 2025 Review Highlights Financial System Resilience Mon, 13 Oct: The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial system. The report affirms that Australia's financial institutions are well-equipped to navigate current global economic uncertainties. - read more
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| Australian Consumer Sentiment Declines in October 2025 Mon, 13 Oct: In October 2025, Australian consumer sentiment experienced a notable decline, marking the second consecutive month of reduced confidence. The Westpac-Melbourne Institute survey reported a 3.5% drop in the sentiment index, bringing it to 92.1. This follows a 3.1% decrease in September, indicating a growing sense of pessimism among consumers. - read more
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| Prime Capital Introduces 'Business Jumbo Loans' for SMEs Mon, 13 Oct: In response to the growing demand for substantial business financing, Sydney-based non-bank lender Prime Capital has unveiled its 'Business Jumbo Loans' program. This initiative offers loans ranging from $5 million to $25 million, with interest rates starting at 8.64% and a loan-to-value ratio of up to 75%. Notably, the approval process is streamlined to provide decisions within 24 hours. - read more
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| Scooter Sales Surge 4.6% in 2025 Amid Overall Motorcycle Market Decline Mon, 13 Oct: In a notable trend within the Australian motorcycle market, scooter sales have risen by 4.6% in the first nine months of 2025, even as the overall market experienced a 2.2% decline, according to the Federal Chamber of Automotive Industries (FCAI). - read more
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| MotorCycle Holdings Reports Record-Breaking $650 Million Revenue in FY2025 Mon, 13 Oct: MotorCycle Holdings Limited (ASX: MTO), Australia's leading motorcycle retailer, has announced a record-breaking revenue of $650 million for the fiscal year 2025, marking an 11.6% increase from the previous year. This impressive growth underscores the company's robust market presence and strategic initiatives. - read more
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| NSW and SA Initiate Trials for Increased Mass Limits on Zero-Emissions Trucks Mon, 13 Oct: In a significant move towards sustainable transport, New South Wales (NSW) and South Australia (SA) have commenced trials permitting higher mass limits for zero-emissions trucks. This initiative aims to encourage the adoption of environmentally friendly heavy vehicles by addressing existing regulatory constraints. - read more
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| Austroads Survey Uncovers Safety Concerns with Overseas Licensed Heavy Vehicle Drivers Mon, 13 Oct: A recent survey conducted by Austroads has brought to light significant safety concerns regarding overseas licensed heavy vehicle drivers operating in Australia. With over 1,900 respondents, the survey aims to inform potential policy changes to enhance road safety and driver competency. - read more
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| ICA Advocates for Government Reforms to Mitigate Rising Motor Insurance Premiums Mon, 13 Oct: The Insurance Council of Australia (ICA) has issued a call for urgent government action to address the escalating costs of motor insurance premiums. Highlighting a 42% increase in comprehensive motor insurance premiums since 2019, the ICA attributes this surge to various systemic cost drivers. - read more
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| Suncorp's Earnings Surge and Share Buyback Announcement Mon, 13 Oct: 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 exceeded analyst expectations and underscores the company's robust financial health. - read more
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| ASIC's Legal Action Against RACQ Insurance: What You Need to Know Mon, 13 Oct: The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against RACQ Insurance, alleging that the insurer misled more than 570,000 customers through deceptive premium comparison figures in renewal notices issued between September 2019 and December 2024. - read more
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| Australia's Economy Outperforms Expectations in June Quarter Mon, 13 Oct: In the June quarter of 2025, Australia's gross domestic product (GDP) experienced a 0.6% increase, marking a 1.8% rise compared to the same period in the previous year. This growth, as reported by the Australian Bureau of Statistics (ABS), exceeded many economists' expectations and highlights the nation's economic resilience. - read more
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| IMF Highlights Risks of Inflation Stagnation in Australia Mon, 13 Oct: The International Monetary Fund (IMF) has issued a cautionary note regarding Australia's inflation trajectory, highlighting significant risks that could impede its decline. The IMF's assessment points to a robust job market and escalating public sector demand as primary factors that may contribute to inflation stagnation. - read more
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| Business Leaders Urge Skilled Migration Reforms to Revitalise Economy Mon, 13 Oct: In a concerted effort to address Australia's declining productivity and bolster economic growth, leading chief executives have called for significant reforms to the nation's skilled migration program and a reduction in bureaucratic red tape. This collective stance emerged from the Australian Financial Review's annual Chanticleer CEO Poll, reflecting a growing consensus among business leaders on the need for proactive measures. - read more
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| NTI Report Highlights Human Error as Primary Cause of Major Truck Crashes Sun, 12 Oct: According to the latest report from the National Truck Accident Research Centre (NTARC), human error remains the predominant cause of major truck crashes in Australia. The study, supported by National Transport Insurance (NTI), reveals that inattention and distraction are leading contributors to these incidents, accounting for nearly one-third of all human factor-related crashes. - read more
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| Queensland Aligns Heavy Vehicle Compliance with National Regulator Sun, 12 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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| QBE Exceeds Profit Expectations with Strong Premium Growth Sun, 12 Oct: Australian insurer QBE has reported a significant increase in net profit for the first half of fiscal 2025, reaching $997 million. This figure surpasses both the previous year's profit of $777 million and market estimates of $839.39 million. The impressive performance is attributed to robust premium growth in North America and international markets, coupled with lower-than-expected claims. - read more
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| Suncorp's Profit Rises by 8%, Plans A$400 Million Share Buyback Sun, 12 Oct: Suncorp, a leading Australian insurer, has reported an 8% increase in full-year cash earnings, reaching A$1.49 billion for the year ending June 30. This performance surpasses analyst expectations of A$1.47 billion and is attributed to improved underlying insurance margins and a 16% increase in net investment returns, totaling A$766 million. - read more
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| Isuzu Australia Unveils Dedicated Financial Services for Truck Buyers Sun, 12 Oct: Isuzu Australia Limited (IAL) has announced the establishment of Isuzu Financial Services Australia (IFSA), a new finance and leasing company set to commence operations in the third quarter of 2026. This initiative marks the first time the Isuzu Group has founded a leasing company outside Japan, reflecting a significant commitment to the Australian market. - read more
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| Australian Truck Market Experiences Sales Dip as Supply Chains Stabilise Sun, 12 Oct: The Australian truck and van market experienced a notable slowdown in September 2025, with new sales figures indicating a 14.7% decrease compared to the same month in 2024. According to the latest data from the Truck Industry Council (TIC), 3,878 new trucks and vans were sold in September, extending the softer trend observed throughout the year. - read more
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| Australian SMEs Drive 20% Surge in Commercial Finance Settlements Sun, 12 Oct: Recent data from Valiant Finance indicates a significant 20% increase in commercial finance settlements during the second quarter of 2025. This surge is primarily driven by heightened activity in the healthcare, agriculture, and construction sectors, reflecting improved lender appetite and rising business confidence across Australia. - read more
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| Allianz Australia Penalised for Misleading Travel Insurance Information Sat, 11 Oct: In a significant ruling, Allianz Australia Insurance and its subsidiary, AWP Australia, have been fined a total of $16.8 million for providing misleading information about their travel insurance products. The Supreme Court of New South Wales found that between 2016 and 2018, the companies misrepresented the extent of coverage available to consumers, leading to potential misunderstandings about policy benefits. - read more
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| Surge in Bali Travel Among Australians Leads to Increased Insurance Claims Sat, 11 Oct: The allure of Bali continues to captivate Australian travellers, with a notable 43% increase in travel insurance policies purchased for the destination since the 2022/23 summer season. This surge has corresponded with a 50% rise in related insurance claims, now accounting for 16% of all claims submitted to Southern Cross Travel Insurance (SCTI) in 2024. - read more
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| Hidden Exclusions in Travel Insurance: What Australian Travellers Need to Know Sat, 11 Oct: Australian travellers are being urged to carefully review their travel insurance policies to identify potential exclusions that could affect their coverage. Legal expert Peter Carter from Carter Capner Law highlights that certain activities, such as riding motorbikes or jet skis and consuming alcohol, are often classified as high-risk by insurers. Incidents occurring during these activities may lead to claim rejections. - read more
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| Aon and REISA Forge Partnership to Support South Australian Real Estate Professionals Sat, 11 Oct: In a strategic move to bolster support for real estate professionals, Aon has announced a partnership with the Real Estate Institute of South Australia (REISA). This collaboration is set to provide REISA members with specialised insurance and risk advisory services, addressing the unique challenges faced by the industry. - read more
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| Queensland Implements Mandatory Seller Disclosure to Boost Transparency Sat, 11 Oct: Effective 1 August 2025, Queensland has introduced a mandatory seller disclosure scheme under the Property Law Act 2023. This legislation requires sellers to provide prospective buyers with a comprehensive disclosure statement and relevant certificates before contract signing or auction. - read more
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| Rising Cyber Threats Pose Challenges for Australian Real Estate Agencies Sat, 11 Oct: Australian real estate agencies are encountering a surge in cyber threats, with incidents affecting businesses every six minutes, according to the Australian Cyber Security Centre (ACSC). This alarming trend underscores the critical need for robust cybersecurity measures and comprehensive insurance coverage within the industry. - read more
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| QBE Under Scrutiny for Misleading Discount Practices Sat, 11 Oct: The Australian Securities and Investments Commission (ASIC) has initiated legal action against QBE Insurance, alleging that the insurer misled over 500,000 customers regarding promised discounts on various insurance products. This development underscores the critical importance of transparency and accuracy in the insurance sector, particularly concerning pricing and customer communications. - read more
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| Upcover's New Management Liability Insurance: A Boon for SMEs Sat, 11 Oct: In a significant development for small and medium-sized enterprises (SMEs) and sole traders across Australia, Sydney-based insurtech company Upcover has unveiled a new management liability insurance product. This offering is designed 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's Findings: Stability in PI Claims Amid Declining Premiums Sat, 11 Oct: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database 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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| Addressing Business Interruption Insurance Gaps in the Food Industry Sat, 11 Oct: Recent findings have highlighted a significant vulnerability within Australia's food and beverage sector: a substantial number of businesses are operating without adequate business interruption insurance. This oversight places them at considerable financial risk in the event of unforeseen disruptions. - read more
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| Rising Insolvencies in the Australian Hospitality Industry Sat, 11 Oct: The Australian hospitality sector is currently grappling with significant economic challenges, leading to a notable increase in business closures. Recent data indicates that nearly one in ten hospitality and food service businesses have shut their doors in the past year, marking a record-high closure rate of 9.4%. - read more
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| Innovative Strategies for Building Resilience in Australia's Hospitality Sector Sat, 11 Oct: In response to mounting economic pressures, Australian restaurateurs are increasingly embracing innovative strategies to enhance resilience and ensure long-term success. A recent report by Square, in collaboration with YouGov, sheds light on how the industry is adapting to challenges such as inflation, rising operational costs, and staff retention issues. - read more
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| 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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| 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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| 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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