People who held policies with collapsed insurer Youpla as of April 1, 2020, will receive payouts for funeral expenses. The federal government announced on Monday that as many as 500 people impacted by the collapse will get access to payments in line with the cover eligible...
An agreed $26 million fine for Uber over its misleading fares and cancellation fees seems excessive, a federal court justice says. The Australian Competition and Consumer Commission launched court proceedings against Uber, after the company admitted engaging in misleading or deceptive conduct. Between June 20, 2018 and...
Home buyers have forked out almost $6 billion extra to buy property on the outskirts of major Australian cities in the past decade following “land banking” by developers. A new report from economic think tank Prosper Australia analysed 26,000 sales at nine major master-planned housing developments...
Australia’s international border will remain open amid overseas foot and mouth disease outbreaks despite a growing push by the opposition to close it, the agriculture minister says. Murray Watt said the biggest biosecurity threat is not travellers but rather undeclared meat products, with mail centres increasing...
Consumer confidence has improved slightly but it’s not likely to last, amid household concerns about rising inflation and interest rates. Those fears are likely to be confirmed as soon as Wednesday when the Australia Bureau of Statistics releases the consumer price index for the June quarter. The...
New Zealand’s Reserve Bank governor has issued an extraordinary statement of regret as the central bank reviews its own response to COVID-19. On Tuesday, Adrian Orr reacted to growing criticism of the central bank’s monetary policy during the pandemic. Like many central banks in developed countries, the...