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FOUND: 2 - You Need To See This

Alan Kohler: Just like banking, the AI revolution needs to be regulated

Hundreds of the Big Tech's greatest minds are pleading that we don’t wait for an AI disaster before getting our regulatiory act together now.

The New Daily

‘Mortgage prison’ sees Australians lose thousands in potential savings

Some borrowers have found themselves locked in a 'mortgage prison', potentially costing them more than $10,000 in savings per year.

The New Daily

AustralianSuper's 'alarming' $70m double-up on customer accounts sparks calls for wider investigation

Australia's biggest superannuation fund reveals that it has been double charging some customers, and will refund around $70 million in fees and insurance costs to about 100,000 people.

ABC News

From analysis to the latest developments in health,
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Students grow 'the seed of a lyric' into professional recordings

'We've noticed growth throughout the day. This morning students who were very closed off are now working in groups.'

Newcastle Herald

Federal budget: White Pages listings, payments to tax havens and the weird contracts within

The federal government spends about $650 billion a year. Where some of it goes will surprise you.

ABC News

Super discrimination worsens for women as the gender gap widens in key age groups

Despite rises in the superannuation guarantee and improvements in maternity leave women are not breaching the super gender gap

The New Daily

Losing interest rate floor has led to 'bad outcomes' for many Australians, says former senior bank regulator

The scrapping of the interest rate floor five years ago has led to "bad outcomes" for many Australians who secured ultra-cheap home loans during the pandemic and are now facing a fall over the mortgage cliff, says a former head of credit risk at the nation's financial regulator.

ABC News

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Dance remains king as Rufus du Sol, Flume win at APRA awards

Musicians Rufus du Sol, Flume and Sampa the Great have taken out some of the many gongs at the APRA Music Awards.

The New Daily

Flume wins song of the year at 2023 Apra awards for Say Nothing

Same track that topped Triple J’s Hottest 100 takes top gong, with Rüfüs Du Sol, the Kid Laroi and Sampa the Great also winning

The Guardian - AU

Superannuation customers stay in dud funds, with one-in-five 'significantly underperforming'

Hundreds of thousands of superannuation customers are losing out, staying in dud funds with high fees, according to the latest data from the industry's regulator.

ABC News

Labor to announce in-principle support for RBA review's recommendations, establish two new boards

Treasurer Jim Chalmers is set to release the highly anticipated review into the Reserve Bank of Australia on Thursday and to announce that the government has given in-principle support to all of its recommended changes.

ABC News

Colin Hay on Men At Work – and bartering with Sia: ‘If you clean your room we will watch David Letterman’

The songwriter is being recognised for his services to Australian music at this year’s Apra awards – after 40 years of hits, wisdom and celebrity run-ins

The Guardian - AU

Australia is not a high-tax country. So why can’t we have a conversation about the T word?

We need to get real about how we pay for the services we want if we are to fund a growing budget challenge

The Guardian - AU

Australian banks are boring, scrutinised … and safe, says APRA boss

In his first public speech, the chair of bank, insurance and super regulator APRA moves to reassure Australians that our banks are safe amid the recent turmoil on global financial markets.

ABC News

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The New Daily

How your superannuation fared in a year of inflation and market downturns

Superannuation fund members will be hit with negative returns this year for the first time since 2011 and inflation will make things worse.

ABC News

Forced home sales set to rise as borrowers struggle with surging interest rates and mortgage repayments

Australian home owners are spending more of their income on mortgage repayments, and the pain is only set to worsen. Experts say some could be forced to sell.

The Guardian - AU

Australia’s banks likely to reduce lending to regions and sectors at risk of climate change impacts, regulator says

Apra finds country’s banks may be more vulnerable to economic downturns as they face threefold increase in lending losses

AAP

Big five banks scope out climate losses

Australia's big five banks should cope with lending losses caused by climate change but will be more vulnerable to economic downturns, a new analysis shows.

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The New Daily

Is your fund a super performer? As so many pass APRA test, experts demand new benchmarks

'It's like an exam': Super performer Hostplus Balanced delivered $17,600 more over eight years than the ISA benchmark.

The New Daily

Keeping super in a dud fund can cost a fortune

Superannuation members could lose up to $225,000 by staying in underperforming dud super funds regardless of warnings from regulator APRA.

ABC News

The Australian Greens say the Reserve Bank needs to be more democratically accountable

The Australian Greens say the federal government's review of the Reserve Bank should re-imagine how monetary policy should work for the 21st century.

The New Daily

Find out where you stand on the super ladder

Australians overall have less in superannuation than you might imagine and its time you checked your balance in comparison with other people

ABC News

APRA chair Wayne Byres says falling house prices are 'no bad thing'

The outgoing boss of Australia's banking regulator denies responsibility for the latest housing boom and bust, while adding that the price falls may be good for the nation.

ABC News

Australian banks close hundreds of branches and ATMs as services move online

Since 2017, Australia has seen a 30 per cent drop in available bank branches nationally, with more than 300 closing in the past financial year.

The New Daily

Superannuation fund returns go negative in September as markets weaken

Super returns moved sharply into negative territory over September with the average balanced fund falling in value by 3.1 per cent.

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