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Last Updated: Saturday, 25th May, 11:25PM
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AFSLs Must Stand by Their AI Choices: ASIC’s Stand on Accountability Fri, 24 May: Financial services firms incorporating artificial intelligence into their operations will remain fully accountable under existing regulatory frameworks, according to the Australian Securities and Investments Commission (ASIC). Joe Longo, ASIC's chair, clarified this during a Senate Select Committee meeting on the adoption of AI, emphasizing that financial regulations are technology-neutral. - read more
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Aussies Set to Save Their Tax Cuts, Becoming Financially Conservative Fri, 24 May: Australian consumers are displaying a conservative financial approach with upcoming Stage 3 tax cuts, as revealed by a leading financial institution. Contrary to expectations of splurge spending, most Aussies intend to bolster their savings. - read more
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Insurers Seek Government Partnership to Tackle Insurance Costs Fri, 24 May: In a bid to tackle the skyrocketing costs of insurance, especially in high-risk flood areas, members of the Insurance Council of Australia (ICA) are considering various government intervention strategies such as a flood reinsurance pool or direct subsidies. - read more
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Controversial Super Tax Cap: Navigating the Political Maze Tue, 21 May: Financial planners and advocates for self-managed superannuation funds (SMSFs) are gearing up for a challenging legislative battle as they strive to secure crucial amendments to the government's $3 million superannuation tax cap policy, with indexation being a key point of contention. - read more
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Securing Your Family's Future: How Life Insurance Offers Peace of Mind Life is a tapestry of precious moments, each framed by the inevitable uncertainty that the future holds. The awareness that our paths are peppered with unpredictability can often cast a shadow of concern, affecting how we cherish the present. For many, the well-being of family remains the cornerstone of life's purpose, driving the need for a foundation that offers stability and reassurance in the face of life's unexpected challenges. - read more
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The Ultimate Checklist for Acquiring a Bike Loan in Australia Imagine the wind rushing past you, the road unfurling under your wheels, and the sense of freedom that comes with riding on two wheels. Owning a motorcycle is an exhilarating experience, one that offers adventure and a special kind of camaraderie with fellow riders. It's not just about transportation; it's about becoming part of a lifestyle that many dream of. The thrill of purchasing your dream bike is indeed an exciting journey to embark upon. - read more
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The Credit-Savvy Car Buyer’s Guide to Obtaining Affordable Insurance Embarking on the journey of car ownership comes with its share of responsibilities, one of which is securing affordable insurance. Understanding the intricacies of insurance rates is central to managing this recurring expense effectively. Insurers take into account numerous factors when determining your premium, including but not limited to driving history, vehicle type, and geographic location. - read more
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Insurance Renewal Approaching? Tips to Ensure You're Still Getting the Best Rate! Is it that time of the year again when your car insurance is up for renewal? Often, it comes as a reminder in the mail or a notification from your insurer. But instead of instinctively renewing your existing policy, let's pause and explore the underrated benefits of a periodic insurance review. Taking the time to scrutinize your policy could unveil potential savings and align coverage with your current needs. - read more
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