NEWS BULLETIN

Interest rate cut by the Reserve Bank of AustraliaThe Reserve Bank of Australia (RBA) announced yesterday a historic reduction in its official interest rate, lowering it by 0.25 percentage points to 4.1%. This move—the first in over four years—is designed to provide…

Taxi certification review – The case of Jarnail SinghRecent findings from the 60 Minutes program have shed light on serious flaws in the regulation of the taxi industry. Taxi driver Jarnail Singh, who was accused of abusing and scamming passengers with disabilities,…

Ban on foreign buyers of existing homes The Federal Labor Party has pledged to bar foreign investors from purchasing existing homes for at least two years. Starting 1 April 2025, foreign buyers will be prohibited from acquiring existing properties until 31 March…

Heightened Chinese Naval Activity Near AustraliaThe Australian Defence Force (ADF) has issued a warning over an increased presence of Chinese warships along the country’s northern coast. According to the ADF, three vessels from China’s People’s Liberation Army—a frigate, a destroyer, and a…

1. Major Reforms in Election FinancingIn a bid to overhaul the political system, Australia’s leading parties have reached an agreement on sweeping changes to election funding rules. Under the new proposal, the cap on individual donations will rise from $20,000 to $50,000,…