Insurer RACQ will pay a $10 million fine for potentially misleading customers about pricing discounts on certain types of insurance cover. The Federal Court found RACQ sent out misleading product disclosure statements on at least five million occasions between March 2017 and March 2022. Roughly 458,746 customers missed out on an estimated $86,476,339 in discounts … Read more
Good morning! It’s Tuesday, December 19, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Nevada Tesla Factory Workers Get Pay Raise Tesla … Read more
The future of an Australian buy now, pay later provider is under a major cloud. BizPay went into administration on November 23 and was placed in the hands of BRI Ferrier’s Jonathon Sherwood Keenan and Peter Paul Krejci. A notice issued by the Australian Securities and Investments Commission flagged that a virtual meeting of creditors … Read more
The Reserve Bank of Australia has decided to hold interest rates steady this month, giving mortgage holders much needed relief just weeks out from Christmas. The RBA board met on Tuesday and chose to hold the cash rate steady at 4.35 per cent. WATCH THE VIDEO ABOVE: Reserve Bank gifts Australians some Christmas relief with … Read more
