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Last Updated: Tuesday, 1st July, 1:25AM
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Last Updated: Tuesday, 1st July, 1:25AM
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Last Updated: Monday, 30th June, 5:25PM
| USD | $ | 0.6545 | United States Dollars |
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Financial News & Information
| Cost of Living Crisis: Aussies Urged to Prepare for What's Ahead Mon, 30 Jun: Australians have been cautioned to prepare for another cost of living spike as the effects of the previous crisis persist. Recent data shows a drop in the consumer price index to 2.1% for May from 2.4% in April. Similarly, the trimmed mean inflation rate decreased to 2.4%, the lowest since November 2021, raising hopes for further interest rate cuts. However, despite these promising signs, the cost of goods and services remains significantly higher than before the pandemic. - read more
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| Major Reform Brings Gains in Closing Gender Super Gap Mon, 30 Jun: The gender superannuation gap in Australia is expected to shrink by about 25%, thanks to new reforms making superannuation payable on Commonwealth Paid Parental Leave (PPL). Starting 1 July, these changes promise an average boost of approximately $15,000 to the retirement savings of over 200,000 Australian mothers annually, marking a significant step towards reducing the gender disparity. - read more
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| Auditor Deregistered After Brite Advisers Collapse Mon, 30 Jun: The Australian Securities and Investments Commission (ASIC) has deregistered auditor David Makowa, previously of DM Advisory Services, due to his role in the downfall of financial advice firm Brite Advisers. This decision follows Makowa's acceptance of a court-enforceable undertaking in which he agreed to surrender his auditor registration permanently, pledging never to re-apply. - read more
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| ClearView Names New Underwriting Head Amidst Strategic Changes Mon, 30 Jun: ASX-listed life insurer ClearView has announced the appointment of Peter Tilocca as Head of Underwriting, coinciding with key updates to its underwriting standards and definitions. Tilocca's extensive two-decade career in Australian underwriting includes leadership roles at Zurich, Noble Oak, One Path Life, and RGA Australia. His new role with ClearView commenced on 30 June. - read more
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| What Type of Insurance Does a Restaurant Need in Australia? Running a restaurant in Australia comes with a unique set of risks, making restaurant insurance a crucial consideration for business stability. Essential policies typically include public liability, property insurance, and workers’ compensation. These protect against claims for injury or property damage, damage to your premises, and staff-related incidents. For many restaurant owners, these core coverages form the foundation of a solid risk management plan. - read more
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| Why Every Commercial Kitchen Needs Equipment Insurance Running a commercial kitchen in Australia means relying heavily on specialised equipment, from ovens and deep fryers to refrigeration and extraction systems. These assets are critical to daily operations and represent a significant investment for any restaurant or café owner. Protecting this equipment is vital, as unexpected damage or faults can quickly disrupt service and impact your bottom line. - read more
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| How to minimise risk and stay compliant when starting a new restaurant Restaurant insurance in Australia provides vital protection for businesses in the hospitality sector. A tailored restaurant insurance policy can help cover a variety of risks unique to the industry, such as property damage, equipment breakdowns, customer injuries, and food contamination incidents. For many restaurant owners, having the right level of insurance is an essential part of running a compliant and resilient business. - read more
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| How Much Does Restaurant Insurance Cost in Australia? Restaurant insurance cost in Australia can vary widely, largely depending on several key factors unique to each business. Insurers assess elements such as the size of your restaurant, the type of food service, the number of employees, and whether alcohol is served. Additional considerations include your claims history, annual turnover, and the specific risks associated with your operations. These details help insurers determine an appropriate premium for your restaurant business insurance package. - read more
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