Photo: Acura Honda is recalling 2.6 million Honda and Acura vehicles in the U.S. because of a fuel pump defect that could cause the engine to stall while driving. In a statement, the automaker said it hasn’t received any reports of crashes or injuries related to the issue, which is always a good thing. Honda … Read more
Australians may have noticed a slight change in policy when visiting their local Commonwealth Bank branch. This year, the bank changed its policy to only allow CommBank customers to exchange cash at their branches. A CBA spokesperson said the change came into effect as of June 2023, to ensure branch teams “are able to focus … Read more
At least 100 people are jobless and an unknown number of projects are in limbo after a major Australian construction company collapsed, citing “inflationary pressures”. NPM (National Projects and Maintenance) Group, comprising 10 enterprises operating across Australia, went under on Monday. “The ongoing market pressures have made NPM’s continued operation untenable, due to skilled labour … Read more
Thousands of students will have part of their HECS/HELP debt waived due to an admin error. About 13,748 individuals were affected by delayed HECS loan records from 104 institutions. The Department of Education said it had been working with universities since the start of the year to “correct records for current and former higher education … Read more
The average household is saving thousands of dollars each year on their power bills with rooftop solar and battery storage. Households can save between $822 and $1350 on their power bills if they have rooftop solar and this jumps to between $1322 and $2252 if households have an 8.5kWh battery, government analysis shows. An 8.5 … Read more
GPs will be given a greater financial incentive to bulk-bill vulnerable patients under changes to Medicare. The new financial rewards, which kick in from Wednesday, November 1, triple the incentives for the bulk billing of pensioners, concession card holders and children. The move was previously announced in the federal budget as a response to falling … Read more
The Reserve Bank of Australia has resumed hiking interest rates after holding steady for the past four months, piling on financial pressure for mortgage holders. The RBA met on Tuesday and chose to hike the cash rate by 25 basis points to 4.35 per cent. WATCH THE VIDEO ABOVE: Economists share RBA cash rate predictions … Read more
There is more financial pain on the cards for Australian borrowers, with all four of Australia’s big banks announcing they would lift mortgage rates following the Reserve Bank’s Melbourne Cup day hike. The Reserve Bank delivered a 25 basis point increase to the official cash rate on Tuesday. WATCH THE VIDEO ABOVE: After four months … Read more
Award-winning cheese manufacturer King Island Dairy could be sold amid a review by owner Saputo of operations on the remote outpost. Saputo’s “strategic review” of its King Island Dairy facilities will consider “commercial and financial alternatives”, including a potential sale. Dairy giant Saputo purchased King Island Dairy, which makes highly acclaimed blue, cheddar, brie and … Read more
A major overhaul of the nation’s fixed-term contract rules will provide vital protection against exploitation for close to 400,000 Australian employees, experts say. Under new rules, which will apply from Wednesday, December 6, workers will be prohibited from being employed on a fixed-term contract (FTC) for more than two years. Employers will also be forbidden … Read more
