Only 21 percent of members eligible to claim have kept their savings pots intact since the government introduced the two-pot retirement system on September 1, 2024, news24.com reported. Old Mutual Corporate administration data covering around 800,000 employer-sponsored fund members revealed that a further 41 percent are classified as contingency withdrawers and 38 percent as serial … Read more
Canberra business sentiment has plunged to what the Canberra Business Chamber calls “as bad as it’s ever been,” driven by escalating operational costs, tightening consumer spending, and the steepest fuel prices in the nation. Canberra Business Chamber CEO Greg Harford reported that local enterprises face mounting financial strain as household budgets stretch thin under the … Read more
Federal funding for specialist prostate cancer nursing in Australia is transitioning from the Prostate Cancer Foundation Australia (PCFA) to the McGrath Foundation under a broad government shift toward an all-cancer care model, according to government and foundation officials. The change affects 60 full-time specialist positions backed by $46.5 million over five years, prompting concerns from … Read more
Australia Faces Rare Test Defeat After Bangladesh Posts 426 on Day Three Australia entered day three of the First Test facing the possibility of just their second-ever Test defeat to Bangladesh and their first on home soil, according to match reports. Bangladesh posted a massive first-innings total of 426, leaving Australia trailing by 228 runs … Read more
A buck moon rising on Thursday night will deliver stargazing conditions across Australia by outshining two meteor showers, thanks to a positioning further from Earth than usual, according to the Sydney Institute for Astronomy. Micro Moon Timing and Visibility Across States Stargazers in Tasmania, the ACT, Victoria, and New South Wales can expect the micro … Read more
ACAT Ruling Clears Hellenic Club of Problem Gambling Breaches The ACT Civil and Administrative Tribunal (ACAT) has cleared the Hellenic Club of Canberra of failing to record problem gambling incidents involving a local couple, despite the pair losing at least $345,000 on the club’s poker machines. While the tribunal dismissed the failure-to-record allegations, it found … Read more
The Act Party announced today that broadcaster Paul Henry will join the party as a list candidate for the 2026 election. Party leader David Seymour confirmed the Act board ratified Henry’s candidacy last night, stating he expects Henry to be placed in an “electable position” on the party list. Henry, who resigned from the TVNZ … Read more
The National Consumer Commission (NCC) has issued a formal notice regarding a safety recall affecting 10 961 BMW vehicles in South Africa. The recall, prompted by a potential starter motor glitch that could lead to electrical short circuits and overheating, covers various BMW 3, 4, 5, and 7 Series models, as well as the X3 … Read more
The ACT government will abolish stamp duty for all first home buyers starting in July, making the territory the first Australian jurisdiction to eliminate the tax for this group. Chief Minister Andrew Barr announced the move as part of the territory’s upcoming budget, aiming to address housing affordability by removing the tax regardless of property … Read more
The ACT Party has proposed a new three-year Rural Workforce Visa designed to address chronic labour shortages in New Zealand’s dairy, sheep, beef, and general farming sectors. Agriculture spokesman Andrew Hoggard confirmed the visa will be exempt from the party’s previously proposed infrastructure levy, citing the unique economic pressures faced by rural communities. The policy, … Read more