Australian super funds are rapidly increasing investment in US tech and AI, concentrating risk and tying retirement savings to systems linked to modern warfare. (more…)
Category: Finance
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Keating welcomes changes to taxation of super
Yesterday the Government made some key changes to its superannuation tax scheme, after struggling to get the plan through the Senate. Paul Keating says the changes restore confidence in the retirement savings system. (more…)
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Loot boxes are still rife in kids’ mobile games, despite ban on ‘gambling-like’ features
In September 2024, Australia introduced a new classification approach for games with gambling-like content. (more…)
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The outlook for house insurance is much worse than we’re being told
The big news on house insurance this week was the response of the insurance industry’s peak body to a parliamentary committee’s extensive criticisms of its treatment of people claiming on their policies after the massive floods of 2022. (more…)
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For-profit health insurance not adding up
An unprecedented standoff between health insurer NIB and the St Vincent’s Health Australia has captured headlines for the potential high out-of-pocket costs for thousands of hospital patients. (more…)