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Royal family shares adorable new photo and video to celebrate Prince George turning 12!

<p>Prince George is all smiles as he celebrates his 12th birthday, and royal fans are loving the charming new photo and video released by the Prince and Princess of Wales to mark the occasion.</p> <p>In a heartwarming birthday post shared on social media, the royal couple wrote: “Happy 12th Birthday to Prince George! 🎂”, alongside a new portrait of their eldest son. Dressed in a crisp striped shirt and forest-green fleece vest, George leans casually against a wooden gate, a cheeky grin on his face and a handmade friendship bracelet around his wrist, adding a playful, personal touch.</p> <p>The photo, taken by photographer Josh Shinner, is set against a lush countryside backdrop and shows a confident young royal looking more like his father, Prince William, by the day.</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Happy 12th Birthday to Prince George! 🎂<br />📸Josh Shinner <a href="https://t.co/L7hAZXOkDw">pic.twitter.com/L7hAZXOkDw</a></p> <p>— The Prince and Princess of Wales (@KensingtonRoyal) <a href="https://twitter.com/KensingtonRoyal/status/1947581237163659568?ref_src=twsrc%5Etfw">July 22, 2025</a></p></blockquote> <p>Even sweeter, the royal family also treated fans to a behind-the-scenes video of George enjoying time with his younger siblings, Princess Charlotte and Prince Louis. The trio can be seen giggling and playing in the garden, at one point lifting little Louis into the air before marching hand-in-hand toward the camera, grinning from ear to ear.</p> <p>In one charming scene, the siblings stroll through the greenery together, their close bond on full display. Louis, with his signature toothy smile and khaki jumper, steals the spotlight yet again, a reminder that the footage was likely taken a few months earlier, around his birthday in April.</p> <p>The candid footage has delighted royal watchers, with many speculating that more adorable snaps from the shoot may still be on the way.</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">12 today! 🎉 <a href="https://t.co/UqYj4Y97QM">pic.twitter.com/UqYj4Y97QM</a></p> <p>— The Prince and Princess of Wales (@KensingtonRoyal) <a href="https://twitter.com/KensingtonRoyal/status/1947604323409518681?ref_src=twsrc%5Etfw">July 22, 2025</a></p></blockquote> <p>As George enters his teenage years, royal fans are also wondering where the future king will attend secondary school. Will he follow in Prince William’s footsteps at Eton, or take after his mum, Princess Catherine, and head to Marlborough College? For now, George continues to study at Lambrook School in Berkshire alongside his siblings.</p> <p>His last public appearance was at the Wimbledon men’s final earlier this month, and before that, he joined his family on the Buckingham Palace balcony for the Trooping the Colour celebrations.</p> <p>As he steps into this exciting new chapter, one thing is clear: Prince George is growing up fast, and winning hearts while he’s at it.</p> <p><em>Images: X (Formerly Twitter)</em></p>

Family & Pets

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"Enough is enough": MasterChef star opens up on career scandals

<p>Celebrity chef and former <em>MasterChef Australia</em> judge George Calombaris has revealed the full extent of the personal and professional toll a series of scandals took on his life, including a $3 million hit to his business and a private struggle with alcohol addiction.</p> <p>In a candid interview on the <a href="https://podcasts.apple.com/au/podcast/ouzo-talk/id1590955229" target="_blank" rel="noopener">Ouzo Talk podcast</a>, the once high-flying restaurateur said the fallout from multiple controversies and the pandemic left him at rock bottom.</p> <p>“After Covid hit, I’m suddenly sitting in Melbourne, which is shut for now two years, sitting with my pyjamas on … looking at my phone going there’s no emails, there’s nothing to do (and I) start drinking daily,” Calombaris said.</p> <p>“I’ll never forget three months down the track I lost it one night. I got in my car, drove down the road, I don’t know where [I was]. My brother found me pissed as a fart.</p> <p>“And that was a moment, he really slapped it out of me and went enough is enough.”</p> <p>Calombaris rose to fame as a judge on <em>MasterChef Australia</em> in 2009, quickly becoming a fan favourite and building a multimillion-dollar hospitality empire. But by 2017, his reputation began to unravel after a string of public scandals.</p> <p>That year, he was caught on camera shoving a 19-year-old football fan at the A-League grand final. The incident led to an assault charge, which was eventually overturned in 2018 on appeal. Calombaris was placed on a 12-month good behaviour bond and the conviction was struck from his record.</p> <p>“It was six months of pain you know, I had to go in and out of court three times, hire one of the best KC’s of the time,” he said. “I reckon it cost around 3 million bucks that, in loss of endorsements … Ridiculous, stupid, I would have rather taken that $3 million and given it to charity.”</p> <p>In 2019, Calombaris and his hospitality group, Made Establishment, admitted to underpaying roughly 500 current and former staff members $7.8 million over six years. The revelation sent shockwaves through the industry and the public.</p> <p>“We love in Australia [to] never let the truth get in the way of a good story,” Calombaris said. “The truth of the matter is that we overpaid and underpaid 51 per cent of our crew and 49 per cent of them, we had 550 team members and we found the problem.”</p> <p>“We went to Fair Work, we owned up and we paid.”</p> <p>The company repaid staff wages and superannuation and was fined a $200,000 “contrition payment” by the Fair Work Ombudsman.</p> <p>Later that year, Calombaris and fellow judges Matt Preston and Gary Mehigan left <em>MasterChef</em> after a breakdown in contract negotiations. Then came the pandemic.</p> <p>Alone, unemployed, and with Melbourne in lockdown, Calombaris spiralled, until a wake-up call from his brother forced him to confront his drinking and begin to rebuild his life.</p> <p>His story now serves as a sobering look at the cost of fame, failure and, ultimately, recovery.</p> <p><em>Images: Instagram</em></p>

Caring

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Major bank announces huge home loan rate cut

<p>The Commonwealth Bank of Australia (CBA) will reduce its fixed-rate home loans by up to 0.40 percentage points across all terms starting Friday, following a 0.25 percentage point cut to its variable rate in response to the Reserve Bank of Australia’s (RBA) recent cash rate reduction.</p> <p>The new rates will see CBA’s lowest fixed offering set at 5.49% for a three-year term. Despite the move, experts say the cuts are unlikely to spark a surge in homeowners locking in their mortgages.</p> <p>Sally Tindall, data insights director at Canstar.com.au, said the rate adjustments bring CBA closer to its major bank competitors but aren’t enough to significantly shift consumer behaviour.</p> <p>“CBA’s fixed rate cuts aren’t groundbreaking, but rather a bid to inch closer to its key competitors,” Tindall said. “Fixed rates have been falling fairly consistently this year, and we expect this activity will continue as banks price in the increasing likelihood of further cash rate cuts.”</p> <p>While CBA’s new rates mark progress, rivals remain more competitive. ANZ holds the lowest one- and two-year fixed rates among the big four banks, while National Australia Bank (NAB) continues to offer the most attractive three-, four-, and five-year fixed terms.</p> <p>Tindall also noted that with only a slim margin – just 0.10 percentage points – between current fixed and variable rates, many borrowers will likely hold off from locking in.</p> <p>“With the possibility of further RBA cuts ramping up, it’s hard to see many people jumping at the chance to lock up their mortgage for the next three years,” she said. “The majors might have to offer a fixed rate in the ‘4’s’ if they’re serious about getting people to lock in.”</p> <p>Canstar’s latest data shows a flurry of activity across the lending sector since the RBA’s decision. Twenty lenders have reduced at least one fixed rate this month, and five major lenders, excluding CBA, have already made cuts.</p> <p>Among them, BOQ, Community First Bank, Police Bank and Queensland Country Bank now offer at least one fixed rate below 5%, setting the benchmark at 4.99%.</p> <p>Tindall urged borrowers to carefully consider their financial situation and risk appetite when deciding between fixed and variable rates. “If you’re deciding between a fixed or variable rate, understand what might suit your finances and, to some extent, your personality. When you make a decision, take the time to look for a competitive rate,” she said.</p> <p>While the trend suggests fixed rates will continue to fall, CBA's latest move clearly shows the intense competition in the home loan market – one that still leaves many Australians hesitant to commit.</p> <p><em>Image: Supplied</em></p>

Money & Banking

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RBA cuts interest rate - so what happens now?

<div class="theconversation-article-body"> <p>The Reserve Bank of Australia <a href="https://www.rba.gov.au/media-releases/2025/mr-25-13.html">cut the official interest rate</a> for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.</p> <p>The bank lowered the <a href="https://www.rba.gov.au/cash-rate-target-overview.html">cash rate target</a> by 0.25%, from 4.1% to 3.85%, saying inflation is expected to remain in the target band.</p> <p>All the big four banks swiftly passed the cut on to households with mortgages. This will save a household with a $500,000 loan about $80 a month.</p> <p>Announcing the cut, the Reserve Bank <a href="https://www.rba.gov.au/media-releases/2025/mr-25-13.html">stressed</a> in its accompanying statement it stands ready to reduce rates again if the economic outlook deteriorates sharply.</p> <blockquote> <p>The Board considered a severe downside scenario and noted that monetary policy is well placed to respond decisively to international developments if they were to have material implications for activity and inflation in Australia.</p> </blockquote> <h2>Inflation is back under control</h2> <p>The latest <a href="https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release">Consumer Price Index</a> showed that inflation remained around the middle of the Reserve Bank’s <a href="https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html">medium-term target band of 2-3%</a> in the March quarter.</p> <p>The Reserve Bank was also comforted by the underlying inflation measure called the “trimmed mean”. This measure excludes items with the largest price movements up or down.</p> <p>The bank noted that it has returned to the 2–3% target band for the first time since 2021. This suggests inflation is not just temporarily low due to temporary factors such as the electricity price rebates.</p> <p><iframe id="QQ6io" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/QQ6io/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe></p> <p>In February, Reserve Bank Governor Michele Bullock <a href="https://parlinfo.aph.gov.au/parlInfo/download/committees/commrep/28670/toc_pdf/Economics%20Committee_2025_02_21_Official.pdf;fileType=application%2Fpdf">conceded</a> the bank had arguably been “late raising interest rates on the way up”. It did not want to be late on the way down.</p> <p>Perhaps Bullock is being unduly modest. The central bank looks to have judged well the extent of monetary tightening. It did not raise interest rates as much as its peers, but still got inflation back to the target.</p> <p><iframe id="ZIcUE" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/ZIcUE/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe></p> <h2>Unemployment remains low</h2> <p>Last week, we got an <a href="https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release">update</a> on the strength of the labour market. Unemployment stayed at 4.1%. It has now been around 4% since late 2023, a remarkable achievement.</p> <p>This is below the 4.5% the Reserve Bank had <a href="https://www.rba.gov.au/speeches/2019/sp-ag-2019-06-12-2.html">regarded</a> as the level consistent with steady inflation (in economic jargon, the <a href="https://www.rba.gov.au/education/resources/explainers/nairu.html">NAIRU</a>). But neither prices nor <a href="https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/latest-release">wages</a> have accelerated.</p> <p><iframe id="WYjUU" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/WYjUU/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe></p> <h2>Households and businesses may turn cautious</h2> <p>In its updated <a href="https://www.rba.gov.au/publications/smp/2025/may/pdf/statement-on-monetary-policy-2025-05.pdf">forecasts</a>, the bank sees headline inflation dropping to 2.1% by mid-year but going back to 3.0% by the end of the year, as the electricity subsidies are removed. By mid-2027, it will be back near the middle of the 2-3% target.</p> <p>Underlying inflation is forecast to stay around the middle of the target band throughout.</p> <p>The Reserve Bank cut its forecast for gross domestic product (GDP) to 2.1% by December, down from its previous forecast of 2.4% made in February. It said:</p> <blockquote> <p>Economic policy uncertainty has increased sharply alongside recent global developments, and this is expected to prompt some households to increase their precautionary savings and some businesses to postpone some investment decisions.</p> </blockquote> <p>The unemployment rate is expected to increase to 4.3% by the end of the year and remain there through 2026.</p> <p>Cost of living pressures look set to ease, as real household disposable income grows faster than population.</p> <p>As the Reserve Bank governor told a media conference on Tuesday:</p> <blockquote> <p>There’s now a new set of challenges facing the economy, but with inflation declining and the unemployment rate relatively low, we’re well positioned to deal with them. The board remains prepared to take further action if that is required.</p> </blockquote> <h2>Economic and policy ‘unpredictability’</h2> <p>The main uncertainty in the global economy is how the trade war instigated by US President Donald Trump will play out. <a href="https://www.washingtonpost.com/business/2025/05/14/trump-tariffs-china-trade/">According to one count</a>, he has announced new or revised tariff policies about 50 times.</p> <p>“The outlook for the global economy has deteriorated since the February statement. This is due to the adverse impact on global growth from higher tariffs and widespread economic and policy unpredictability,” the bank noted.</p> <p>The US tariff pauses on the highest rates on China and most other nations are due to be in place for 90 days. But more measures may be announced before then.</p> <p>This uncertainty is likely to be stifling trade, and even more so investment decisions by companies in the face of rapidly changing policies. And it will weaken the global economy.</p> <p>In her <a href="https://rba.livecrowdevents.tv/MediaConferenceMonetaryPolicyDecision20May2025/stream">press conference</a>, Bullock said the board’s judgement was that “global trade developments will overall be disinflationary for Australia”. Not only is the global outlook weaker, but some goods no longer being sold to the US could be diverted to Australia.</p> <h2>Where will interest rates go from here?</h2> <p>The Reserve Bank’s updated <a href="https://www.rba.gov.au/publications/smp/2025/may/pdf/statement-on-monetary-policy-2025-05.pdf">forecasts</a> assume interest rates will fall further, to 3.4% by the end of the year.</p> <p>But this is just a reflection of what <a href="https://www.rba.gov.au/statistics/cash-rate/assumptions/index.html">financial markets are implying</a>. It is not necessarily what the bank itself <em>expects</em> to do. It is certainty not a <em>promise</em> of what they will do.</p> <p>But the Reserve Bank still regards its stance as “restrictive”, or weighing on growth. So if it continues to believe inflation will stay within the target band, or the global outlook deteriorates, it will cut rates further.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/256798/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https://theconversation.com/republishing-guidelines --></p> <p><em>By <a href="https://theconversation.com/profiles/john-hawkins-746285">John Hawkins</a>, Senior Lecturer, Canberra School of Politics, Economics and Society, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a></em></p> <p><em>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/rba-cuts-interest-rates-ready-to-respond-again-if-the-economy-weakens-further-256798">original article</a>. </em></p> <p><em>Image: Sky News</em></p> </div>

Money & Banking

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Aussie bank says good news on the way for homeowners

<p>Bendigo Bank is forecasting four interest rate cuts from the Reserve Bank of Australia (RBA), including one later this month, following the release of key inflation figures that show underlying inflation has returned to the central bank’s target range for the first time in over three years.</p> <p>According to Bendigo Bank’s chief economist David Robertson, the RBA is expected to pivot from its primary focus on inflation to broader economic concerns such as employment and growth. “The RBA has been dealing with global inflation shock for three years, but its concerns are quickly moving from price stability and inflation to protecting growth and jobs,” Robertson said.</p> <p>The RBA's preferred measure of underlying inflation, the trimmed mean, fell from 3.3% to 2.9%, marking a return to the target range of 2–3% for the first time since December 2021. Headline inflation held steady at 2.4%.</p> <p>Robertson said the new inflation data sets the stage for a rate cut on May 20, with the only remaining uncertainty being the size of the cut. “The next cut is almost certain for May 20, but of what magnitude?” he said, suggesting a 35 basis point reduction was more likely than a larger move. “A larger 50 basis point cut in May is most unlikely unless markets become dislocated like in the GFC.”</p> <p>Bendigo Bank is forecasting a total of four rate cuts, including the expected May move, bringing the cash rate down to approximately 3.1% by the end of the year. Market analysts are even more aggressive, pricing in five cuts that could take the rate to around 2.8%.</p> <p>Despite the improved inflation outlook, global economic headwinds remain a significant concern. Robertson pointed to ongoing market volatility driven by US President Donald Trump’s trade tariffs and uncertainty surrounding global trade flows. “Equity markets have been clawing back some of their losses but there are still difficult times ahead,” he said. “Tariffs are generally bad for everyone but especially problematic for the country imposing them.”</p> <p>The International Monetary Fund (IMF) has revised global growth projections in light of the economic tensions, cutting its forecast for US GDP growth from 2.7% to 1.8% and China’s from 4.6% to 4%. Australia, too, has felt the impact, with the IMF reducing its 2025 growth estimate from 2.1% to 1.6%. Bendigo Bank has adjusted its own forecast accordingly, downgrading Australia’s expected growth to 2%.</p> <p>With inflation easing and global pressures mounting, the RBA appears poised to shift gears from restraint to support. “The environment is changing quickly,” said Robertson. “It’s time for the RBA to support the broader economy again.”</p> <p><em>Image: Bendigo Bank</em></p>

Money & Banking

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What every parent should read before becoming the bank of mum and dad

<p><span style="font-family: Calibri, sans-serif;">In late 2023, economists Jarden estimated </span><a style="color: #467886;" href="https://www.afr.com/companies/financial-services/the-bank-of-mum-and-dad-is-good-for-70-000-new-analysis-concludes-20231129-p5enpp"><span style="font-family: Calibri, sans-serif;">15 per cent of mortgage borrowers received some form of financial support</span></a><span style="font-family: Calibri, sans-serif;"> from their parents. A separate poll by comparison site Finder around the same time </span><a style="color: #467886;" href="https://au.finance.yahoo.com/news/first-home-buyers-reveal-huge-amount-aussie-parents-gifted-them-201221909.html"><span style="font-family: Calibri, sans-serif;">put the figure at 11 per cent</span></a><span style="font-family: Calibri, sans-serif;">. Fast forward to February this year, with a UBS survey </span><a style="color: #467886;" href="https://www.abc.net.au/news/2025-02-06/cost-of-living-sting-lessened-by-bank-of-mum-and-dad/104882754"><span style="font-family: Calibri, sans-serif;">suggesting almost half of first home buyers receive parental assistance</span></a><span style="font-family: Calibri, sans-serif;">. Clearly, the Bank of Mum and Dad is a rapidly growing source of funds for younger people seeking to purchase property. However, some older Australians are now paying a hefty price for having done so without adequate planning and protections.</span></p> <p><strong><span style="font-family: Calibri, sans-serif;">On the hook</span></strong></p> <p><span style="font-family: Calibri, sans-serif;">Amid the excitement of homebuying, many parents overlook the fact they could be left on the hook to cover any shortfall. The worst-case scenario here is losing your own home, as well as your child losing theirs, if you went guarantor on their loan and they defaulted and you didn’t have a backup plan. If you loaned them money which they subsequently can’t repay, the principal amount goes unrepaid and you also miss out on the interest/compound growth that money could have earned if invested elsewhere. You may even be asked to fork out more in future if your child needs help to keep the property or to subsequently buy a replacement property. Unlike for a real bank, there is no public bailout for the Bank of Mum and Dad.</span></p> <p><strong><span style="font-family: Calibri, sans-serif;">Financial shortfall</span></strong></p> <p><span style="font-family: Calibri, sans-serif;">A common problem that I and other financial advisors are now seeing is parents inadvertently giving their children more than they can actually afford. Take people who acted as Bank of Mum and Dad before the pandemic hit. They budgeted how much they would need for retirement and then gave their adult kids money towards buying a home of their own. Then COVID-19 arrived. Countless jobs were lost and businesses shuttered. Many would-be retirees were forced to stay in the workforce for longer than planned. Next came the inflation crisis, with mortgages and living costs soaring. Retirement budgets blew-out as more money was suddenly needed for everyday expenses, particularly energy, insurance and food. Meanwhile ballooning house prices over the pandemic years saw first homebuyers needing even larger deposits. That all translated to significant financial shortfalls for the Bank of Mum and Dad.</span></p> <p><strong><span style="font-family: Calibri, sans-serif;">Elder abuse</span></strong></p> <p><a style="color: #467886;" href="https://www.aihw.gov.au/family-domestic-and-sexual-violence/population-groups/older-people#abuse"><span style="font-family: Calibri, sans-serif;">Government figures from 2023</span></a><span style="font-family: Calibri, sans-serif;"> estimate one in six older Australians suffer elder abuse in some form, with 2.1 per cent experiencing financial abuse – undue control, pressure or restricted access to their own money and financial decisions. Half (53 per cent) of elder abuse perpetrators are family members, with adult children the most common offenders.</span></p> <p><span style="font-family: Calibri, sans-serif;">Given the amount of money involved in property purchases, and the stresses associated with housing affordability, the potential for the Bank of Mum and Dad to suffer elder abuse is alarmingly high.</span></p> <p><strong><span style="font-family: Calibri, sans-serif;">Relationship breakdowns</span></strong></p> <p><span style="font-family: Calibri, sans-serif;">Money is perhaps the greatest source of tension in relationships. Usually that is between partners, yet these can multiply for the Bank of Mum and Dad and its stakeholders. Some examples include:</span></p> <ul> <li><span style="font-family: Calibri, sans-serif;">You and your partner disagree on what or how much assistance to provide.</span></li> <li><span style="font-family: Calibri, sans-serif;">Your other children feel disadvantaged if they don’t receive the same financial assistance.</span></li> <li><span style="font-family: Calibri, sans-serif;">Having provided the finances, you then interfere in how your child manages the property or their general finances, causing resentment to build.</span></li> <li><span style="font-family: Calibri, sans-serif;">A marriage breakdown (yours or your child’s) affects the repayment of a loan or the nature of a mortgage guarantee.</span></li> </ul> <p><strong><span style="font-family: Calibri, sans-serif;">Protect yourself</span></strong></p> <p><span style="font-family: Calibri, sans-serif;">While supporting children is the foremost concern of the Bank of Mum and Dad, it is important to protect yourself too. A written agreement outlining the nature of the support, conditions and contingencies is crucial to keep every aligned. Independent advice from your financial adviser, lawyer, mortgage broker and accountant ensures you fully understand what you are on the hook for, how much you can afford to contribute, and whether there are less-risky options.</span></p> <p><span style="font-family: Calibri, sans-serif;">Finally, be sure that the decision to support your child’s property ambitions is your own and that you aren’t coerced into it. If you’re concerned that you may be experiencing elder abuse, call the free </span><a style="color: #467886;" href="https://www.health.gov.au/contacts/elder-abuse-phone-line"><span style="font-family: Calibri, sans-serif;">elder abuse line on 1800 353 374</span></a><span style="font-family: Calibri, sans-serif;">.</span></p> <p><strong><span style="line-height: 18.4px; font-family: Calibri, sans-serif; color: #242424;">Helen Baker is a licensed Australian financial adviser and author of the new book, <em>Money For Life: How to build financial security from firm foundations (Major Street Publishing $32.99).</em> Helen is among the 1% of financial planners who hold a master’s degree in the field. Proceeds from book sales are donated to charities supporting disadvantaged women and children<em>. </em>Find out more at </span></strong><a style="color: #467886;" title="http://www.onyourowntwofeet.com.au/" href="http://www.onyourowntwofeet.com.au/"><strong><span style="line-height: 18.4px; font-family: Calibri, sans-serif;">www.onyourowntwofeet.com.au</span></strong></a></p> <p><strong><em><span style="line-height: 18.4px; font-family: Calibri, sans-serif; color: #242424;">Disclaimer: The information in this article is of a general nature only and does not constitute personal financial or product advice. Any opinions or views expressed are those of the authors and do not represent those of people, institutions or organisations the owner may be associated with in a professional or personal capacity unless explicitly stated. Helen Baker is an authorised representative of BPW Partners Pty Ltd AFSL 548754.</span></em></strong></p> <p><em><span style="line-height: 18.4px; font-family: Calibri, sans-serif; color: #242424;">Image: Shutterstock</span></em></p>

Money & Banking

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Big banks finally cut fixed-interest mortgage rates

<p>NAB has become the first big bank to announce it has cut its fixed rate mortgages across all loan terms.</p> <p>The bank is the first of the big four banks to cut its fixed rates in 2025, two weeks out from the Reserve Bank of Australia’s first meeting when it is tipped to cut the cash rate.</p> <p>NAB announced on Monday that their lowest fixed rate is now 5.84 per cent, with a deposit of at least 20 per cent on a three-year term.</p> <p>“NAB is the first of the big four banks to cut fixed rates in 2025, with other banks likely to follow,” Canstar data insights director Sally Tindall said.</p> <p>“The cost of wholesale fixed rate funding has started to ease slightly. This, combined with a prospective cash rate cut, should push other banks into moving on fixed rates.”</p> <p>The cuts from NAB come almost two weeks after Macquarie Bank lowered its fixed rates, however, ANZ still has the lowest fixed rate out of the big four banks at 5.74 per cent for a two-year or three-year term.</p> <p>“While a few banks are now starting to sharpen their offerings, fixed rates still have a way to fall before they become fashionable again with borrowers,” Tindall said.</p> <p>“We expect the big four banks in particular to pass on cash rate cuts in full, at least for the first couple of cash rate cuts,” she said.</p> <p>“But we might even see some banks choose to pass on even more to new customers in order to take advantage of that re-engagement for borrowers in what a competitive rate looks like.”</p> <p>“Many homeowners have been waiting for well over a year for a cash rate cut. It’s hard to see them throwing in the towel and switching to a fixed rate now when the RBA is poised to move."</p> <p>“That said, there’s no guarantee we’ll see a barrage of cash rate cuts and borrowers should factor this into their thinking.”</p> <p><em>Image credits: Shutterstock </em></p> <p class="mb-4 font-serif text-article-body" style="font-family: var(--font-google-newsreader),serif; box-sizing: border-box; border: 0px solid; margin: 0px 0px 24px; font-size: 1.2275rem; line-height: 26.514px; caret-color: #2a2a2a; color: #2a2a2a;"> </p>

Money & Banking

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George Clooney's heartfelt message after sad loss

<p>George Clooney has shared a heartfelt message to his <em>Ocean's Eleven </em>co-star, Scott L. Schwartz, who sadly passed away aged 65. </p> <p>"I'm sorry to hear that Scott is gone," he told <em>Variety</em>. </p> <p>"We did three films together and I've never been so gently punched," Clooney continued. </p> <p>"He was a gentle soul and he will be dearly missed."</p> <p>Schwartz, who stood at six feet and 10 inches (approx. 208.3cm) tall, played Bruiser in the <em>Ocean's Eleven </em>trilogy, alongside Clooney, Matt Damon, Brad Pitt, Julia Roberts and more Hollywood stars. </p> <p>Clooney's character in the film, Danny Ocean, hires Bruiser to pretend to beat him up during the group's casino heist. </p> <p>Schwartz's wife Misty confirmed he died on November 26 at his Covington, Los Angeles home, according to <em>People</em>. His cause of death is understood to be congestive heart failure. </p> <p>Misty said while he was known for the Ocean's film, she was "most proud of his charity work", which saw him be honoured with the Glass Slipper Award from children's healthcare foundation CHOC.</p> <p>"Most people associate Scott with the movies, but those who know him personally associated him with being a jolly person, so full of life, a strong loving person, foodie and travel aficionado," his wife told <em>People.</em></p> <p><em>"Life won't be the same without him."</em></p> <p>Schwartz is survived by his wife, Misty, and children Angela and Adam.</p> <p><em>Image: SplashNews.com/ Shutterstock Editorial</em></p> <p> </p>

Caring

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Could a recent ruling change the game for scam victims? Here’s why the banks will be watching closely

<div class="theconversation-article-body"><em><a href="https://theconversation.com/profiles/jeannie-marie-paterson-6367">Jeannie Marie Paterson</a>, <a href="https://theconversation.com/institutions/the-university-of-melbourne-722">The University of Melbourne</a> and <a href="https://theconversation.com/profiles/nicola-howell-1160247">Nicola Howell</a>, <a href="https://theconversation.com/institutions/queensland-university-of-technology-847">Queensland University of Technology</a></em></p> <p>In Australia, it’s scam victims who foot the bill for the overwhelming majority of the money lost to scams each year.</p> <p>A 2023 <a href="https://download.asic.gov.au/media/mbhoz0pc/rep761-published-20-april-2023.pdf">review</a> by the Australian Securities and Investments Commission (ASIC) found banks detected and stopped only a small proportion of scams. The total amount banks paid in compensation paled in comparison to total losses.</p> <p>So, it was a strong statement this week when it was revealed the Australian Financial Conduct Authority (AFCA) had <a href="https://my.afca.org.au/searchpublisheddecisions/kb-article/?id=f9f8941f-7379-ef11-ac20-000d3a6acbb4">ordered</a> a bank – HSBC – to compensate a customer who lost more than $47,000 through a sophisticated bank impersonation or “spoofing” scam.</p> <p>This decision was significant. An AFCA determination is binding on the relevant bank or other financial institution, which has <a href="https://www.afca.org.au/make-a-complaint#:%7E:text=Any%20determinations%20we%20make%20are,service%20is%20free%20to%20access">no direct right of appeal</a>. It could have implications for the way similar cases are treated in future.</p> <p>The ruling comes amid a broader push for sector-wide reforms to give banks more responsibility for <a href="https://www.fico.com/blogs/detection-prevention-tackling-scams-every-angle">detecting</a>, deterring and responding to scams, as opposed to simply telling customers to be “more careful”.</p> <p>Here’s what you should know about this landmark ruling, and what it might mean for consumers.</p> <h2>A highly sophisticated ‘spoofing’ scam</h2> <p>You might be familiar with “push payment” scams that trick the victim into paying money to a dummy account. These include the “<a href="https://www.acma.gov.au/articles/2024-01/scam-alert-re-emergence-hi-mum-scam">mum I’ve lost my phone</a>” scam and some <a href="https://www.scamwatch.gov.au/types-of-scams/online-dating-and-romance-scams">romance</a> scams.</p> <p>The <a href="https://www.smh.com.au/national/dragged-kicking-and-screaming-banking-giant-loses-battle-against-scam-victim-20241015-p5kide.html">recent case</a> concerned an equally noxious “bank impersonation” or “spoofing” scam. The complainant – referred to as “Mr T” – was tricked into giving the scammer access to his HSBC account, from which an unauthorised payment was made.</p> <p>The scammer sent Mr T a text message, purportedly asking him to investigate an attempted Amazon transaction.</p> <p>In an effort to respond to the (fake) unauthorised Amazon purchase, Mr T revealed security passcodes to the scammer, enabling them to transfer $47,178.54 from his account and disappear with it.</p> <p>The fact Mr T was dealing with scammers was far from obvious – scammers had information about him one might reasonably expect only a bank would know, such as his bank username.</p> <p>On top of this, the scam text message appeared in a thread of other legitimate text messages that had previously been sent by the real HSBC.</p> <h2>AFCA’s ruling</h2> <p>HSBC argued to AFCA that having to pay compensation should be ruled out under the <a href="https://download.asic.gov.au/media/lloeicwb/epayments-code-published-02-june-2022.pdf">ePayments Code</a>, a voluntary code of practice administered by ASIC.</p> <p>Under this code, a bank is not required to compensate a customer for an unauthorised payment if that customer has disclosed their passcode. The bank argued the complainant had voluntarily disclosed these codes to the scammer, meaning the bank didn’t need to pay.</p> <p>AFCA disagreed. It noted the very way the scam had worked was by creating a sense of urgency and crisis. AFCA considered that the complainant had been manipulated into disclosing the passcodes and had not acted voluntarily.</p> <p>AFCA awarded compensation covering the vast majority of the disputed transaction amount, lost interest charged to a home loan account, and $5,000 towards Mr T’s legal costs.</p> <p>It also ordered the bank to pay compensation of $1,000 for poor customer service in dealing with the matter, including communication delays.</p> <h2>Other cases may be more complex</h2> <p>In this case, the determination was relatively straightforward. It found Mr T had not voluntarily disclosed his account information, so was not excluded from being compensated under the ePayments Code.</p> <p>However, many payment scams fall outside the ePayments Code because they involve the customer directly sending money to the scammer (as opposed to the scammer accessing the customer’s account). That means there is no code to direct compensation.</p> <p>Still, AFCA’s jurisdiction is broader than merely applying a code. In considering compensation for scam losses, AFCA must consider what is “fair in all the circumstances”. This means taking into account:</p> <ul> <li>legal principles</li> <li>applicable industry codes</li> <li>good industry practice</li> <li>previous AFCA decisions.</li> </ul> <p>Relevant factors might well include whether the bank was proactive in responding to known scams, as well as the challenges for individual customers in identifying scams.</p> <h2>Broader reforms are on the way</h2> <p>At the heart of this determination by AFCA is a recognition that, increasingly, detecting sophisticated scams can be next to impossible for customers, which can mean they don’t act voluntarily in making payments to scammers.</p> <p>Similar reasoning has informed a range of recent reform initiatives that put more responsibility for detecting and responding to scams on the banks, rather than their customers.</p> <p>In 2023, Australia’s banking sector committed to a new “<a href="https://www.ausbanking.org.au/scam-safe-accord/">Scam-Safe Accord</a>”. This is a commitment to implement new measures to protect customers, including a confirmation of payee service, delays for new payments, and biometric identity checks for new accounts.</p> <p>Changes on the horizon could be more ambitious and significant.</p> <p>The proposed <a href="https://treasury.gov.au/consultation/c2024-573813">Scams Prevention Framework</a> legislation would require Australian banks, telcos and <a href="https://pursuit.unimelb.edu.au/articles/accc-vs-big-tech-round-10-and-counting">digital platforms</a> to take reasonable steps to prevent, detect, report, disrupt and respond to scams.</p> <p>It would also include a compulsory external dispute resolution process, like AFCA’s, for consumers seeking compensation for when any of these institutions fail to comply.</p> <p>Addressing scams is not just an Australian issue. In the United Kingdom, newly introduced <a href="https://www.bbc.com/news/articles/cy94vz4zd7zo">rules</a> make paying and receiving banks responsible for compensating customers, for scam losses up to £85,000 (A$165,136), unless the customer is grossly negligent.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/241558/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https://theconversation.com/republishing-guidelines --></p> <p><em><a href="https://theconversation.com/profiles/jeannie-marie-paterson-6367">Jeannie Marie Paterson</a>, Professor of Law, <a href="https://theconversation.com/institutions/the-university-of-melbourne-722">The University of Melbourne</a> and <a href="https://theconversation.com/profiles/nicola-howell-1160247">Nicola Howell</a>, Senior lecturer, <a href="https://theconversation.com/institutions/queensland-university-of-technology-847">Queensland University of Technology</a></em></p> <p><em>Image credits: Shutterstock </em></p> <p><em>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/could-a-recent-ruling-change-the-game-for-scam-victims-heres-why-the-banks-will-be-watching-closely-241558">original article</a>.</em></p> </div>

Money & Banking

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"A wonderful human being": Tributes flow for George Negus

<p>Tributes have poured in for George Negus, a founding presenter of Nine's <em>60 Minutes</em> and ABC's <em>Foreign Correspondent, </em>following his death at age 82. </p> <p>News of the broadcaster's death was announced by his family in an emotional statement saying that he had <a href="https://www.oversixty.com.au/health/caring/george-negus-dies-at-age-82" target="_blank" rel="noopener">died peacefully</a> surrounded by loved ones after a "gracious decline" from Alzheimer's disease. </p> <p>His family also said while Negus would be celebrated for his "unique contribution to journalism, football, and the environment" he would also want to be remembered for the  "incredible family man he was". </p> <p>"To us, 'Negsy' was the greatest father, grandfather, and partner there ever was," they said in the statement. </p> <p>"We created a beautiful life together and we will miss him dearly.</p> <p>"We would ask for privacy and time to farewell George in our own way with family, and his and our closest friends."</p> <p>Now, tributes have poured in from fellow colleagues, with TV personality Ray Martin saying that Negus was "more than a colleague, he was a mate".</p> <p>"He was probably the strongest TV character I can remember on Australian television," Martin said.</p> <p>"He was outrageous, he was charismatic, he was loud, he was heavily opinionated, he was funny but he was just a great bloke."</p> <p>Fellow journalist Liz Hayes has honoured him for being a "trailblazer" in Australian journalism, and praised his  "larger than life" personality. </p> <p>"George always had an insatiable appetite for information, but he was a regular guy too," Hayes said.</p> <p>"This is a guy who loved the cooking segment on the <em>Today</em> show, this is a guy who enjoyed sport and he was a family man."</p> <p>Prime Minister Anthony Albanese also paid tribute to Negus, remembering him as "a giant of Australian journalism".</p> <p>"His courage, curiosity and integrity gave millions of Australians a sense of the big issues on <em>60 Minutes</em>, and a window to the world through<em> Foreign Correspondent</em>," he said.</p> <p>"George sought and served the truth with steely determination and a twinkle in his eye, and along the way, he made even the smallest TV screen feel that much bigger.</p> <p>"He was a wonderful human being and his loss will be deeply felt by so many Australians.</p> <p>"We offer his family the heartfelt condolences of our nation. May he rest in peace."</p> <p>Negus is survived by his partner Kirsty, his two sons Ned and Serge as well as the rest of his family. </p> <p><em>Images: Nine News</em></p>

Caring

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George Negus dies at age 82

<p>George Negus has died at the age of 82 after a lengthy battle with Alzheimer's.</p> <p>The news of the veteran broadcaster's death was announced by his family in an emotional statement, as they shared that Negus "passed away peacefully surrounded by loved ones" and thanked Australian healthcare workers for supporting him "in the best possible way" during his final moments. </p> <p>"Despite the challenges diseases like Alzheimer's inflict on families, we still shared beautiful times, laughter and happiness together in recent times."</p> <p>"We also learnt a lot."</p> <p>Negus began his journalistic career writing for <em>The Australian</em> and <em>The Australian Financial Review</em>.</p> <p>Throughout his stellar media career, he also worked as attorney-general Lionel Murphy's press secretary during the Whitlam government-era, and presented Nine's <em>60 Minutes</em> from 1979 until 1986.</p> <p>He also hosted the first episode of <em>Foreign Correspondent</em> on ABC in 1992, and went on to became a Member of the Order of Australia in 2015, recognised for his significant service to the media, conservation and the environment.</p> <p>He is survived by his wife Kirsty and sons Ned and Serge. </p> <p><em>Image credits: Getty Images</em></p>

Caring

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George Negus' son shares heartbreaking update on his dad's condition

<p>The son of TV legend George Negus has shared a devastating update on his father's health, two years after his Alzheimer's <a href="https://oversixty.com.au/health/caring/tragic-diagnosis-for-news-and-media-legend" target="_blank" rel="noopener">diagnosis</a> was made public. </p> <p>In a heartbreaking post shared to LinkedIn, Ned Negus revealed that his father is now non-verbal due to his illness, and is living in an aged care facility in Sydney. </p> <p>“I was hesitant to post this on LinkedIn, as it’s pretty personal,” Ned, who is Chief Commercial Officer for the A-League, began in a lengthy post shared on Father’s Day. “But then realised you’re all humans and there’s always a place for sharing human realities with your professional network.”</p> <p>He continued, “For those of you who don’t know, my dad was diagnosed with Alzheimer’s around five years ago. He’s now non verbal most of the time (mind-blowing for me but also any of you that know him).”</p> <p>Along with his touching words, Ned shared a photo of him and his father embracing in a hug as they took a walk along the beach, recalling the heartfelt moment with his dad. </p> <p>“He was clearly not sure why this particular walk was symbolic and sometimes not sure with whom he was walking,” Ned shared, before adding that his dad “smiled broadly and then hugged me for quite some time”.</p> <p>“It was sad, but it was uplifting to know that even when you can no longer say what you feel, you can still DO what you feel. Love you Negsy.”</p> <p>Ned ended his emotional post by all paying tribute to his mother for her endless love and care for his dad.</p> <p>“P.s. My mum took this photo and is by his side most days helping him through, helping him remember (even the slightest thing) and feel. Massive shout out to her too,” he concluded.</p> <p>In 2022, the Negus family revealed George's diagnosis, sharing that he had been living in care home since 2021.</p> <p>“As a family, we are sharing the new path we walk as George faces the realities of his diagnosis of dementia from Alzheimer’s disease,” they wrote in a statement at the time. </p> <p>“We continue to share wonderful family times and are grateful for the care and support we have had from extended family and friends over the past few years who understand our challenges.”</p> <p><em>Image credits: Getty Images / LinkedIn</em></p>

Caring

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Prince George looks all grown up in new birthday portrait

<p>Prince George is 11! </p> <p>The Princess of Wales has celebrated her son's birthday by sharing a new portrait of the young royal on social media. </p> <p>“Wishing Prince George a very happy 11th birthday today!” she captioned the black and white photo of George looking all grown up in a button up shirt and black blazer. </p> <p>Royal fans also flooded the comment section with happy birthday wishes for the young monarch. </p> <p>"This picture is so beautiful, he is growing up so fast! I wish the happiest birthday to Prince George, have the best day," one wrote</p> <p>"Prince George looks so much like his Dad," another added.</p> <p>"HE'S GROWING UP SO FAST! I can't believe! Happy birthday George!" a third commented.</p> <p>"Happy birthday! I hope you have so much fun," a fourth wrote. </p> <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/C9t-OYdNdUb/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/C9t-OYdNdUb/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank" rel="noopener">A post shared by The Prince and Princess of Wales (@princeandprincessofwales)</a></p> </div> </blockquote> <p>This comes as Prince George's godmother, Julia Samuels revealed the young royal's birthday tradition that was inspired by the late Princess Diana. </p> <p>Speaking on the <em>How to Fail with Elizabeth Day</em> podcast, she shared that each year she buys noisy toys for George that take the Prince of Wales "days to put together" in a running joke inspired by Diana. </p> <p>"I come in slightly tipped by the size of the present that William then has to spend days putting together," she said. </p> <p>"And then put all the machinery together and it makes awful tooting noises and lights flashing and all of that. That makes me laugh and it makes George laugh."</p> <p>She also praised the young prince saying:  “He is amazing. He’s funny and feisty and cheeky and God she [Diana] would have loved him so much.</p> <p>“That is heartbreaking for all of them.”</p> <p>Julia Samuels is one of seven godparents for Prince George, and she was a close friend of Princess Diana, who she met at a dinner party in 1987. </p> <p><em>Images: Instagram</em></p> <p> </p>

Family & Pets

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Major banks hand over millions in refunds over unfair fees

<p>Four major Australian banks are set to cough up close to $30 million in refunds to low-income customers after the Federal corporate watchdog revealed a pattern in high fees. </p> <p>A new report from the Australian Securities and Investments Commission revealed ANZ, Commonwealth Bank, Westpac, as well as mid-tier Bendigo and Adelaide Bank kept at least two million low-income customers in high-fee accounts.</p> <p>Many of these low-income earners rely on Centrelink payments, and were unfairly slapped with unreasonably high fees. </p> <p>The report followed an ASIC review which focused on improving financial outcomes for First Nations customers by addressing avoidable bank fees.</p> <p>“We focused in this project on the banks who were most likely to have First Nations consumers on low incomes trapped in high-fee accounts,” ASIC commissioner Alan Kirkland said.</p> <p>ASIC said the four banks have committed to moving more than 200,000 customers into low-fee accounts, saving them about $10.7 million a year, with the financial institutions also committed to refunding over $28m in fees to these customers over the next 12 to 18 months.</p> <p>This includes $24.6 million to Aboriginal and Torres Strait Islander students and apprentices receiving ABSTUDY payments, and customers in areas with significant First Nations populations.</p> <p>“At any time ASIC, and the community, expects that the banks will treat their customers fairly,” Mr Kirkland said.</p> <p>“But that’s particularly important for people on low incomes and for people who are struggling to make ends meet, the last thing they need is to have the very little income that they have being eaten away in unnecessary bank fees.”</p> <p>Mr Kirkland added that the implications of ASIC’s latest review applied to all banks across the country.</p> <p>“We’re expecting all of them to read the report and make improvements to their practices to stop other people being trapped in high-fee accounts that they can’t afford,” Mr Kirkland said.</p> <p><em>Image credits: Shutterstock </em></p>

Money & Banking

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Ignite your inspiration with multi-use makeup that won’t break the bank

<p dir="ltr">As cost of living pressures continue to tug at our wallets, we’re all looking for things we can cut back on.</p> <p dir="ltr">For many people, indulgent beauty practices are the first to go when trying to save money, with many people dialling back their hair appointments and only getting their nails done as a one off treat. </p> <p dir="ltr">However, when looking to cut out non-essentials to ease the strain on your bank account, you don’t have to give up everyday makeup and beauty products that make you feel good. </p> <p dir="ltr">Instead, it’s about doing some research and buying smart, branching out to try new things, and even finding new holy grail products that work in multiple ways. </p> <p dir="ltr">Thankfully, <a href="https://www.thekindcollectiveaustralia.com/">The KIND Collective</a>’s new High Achievers range is here to save the day. </p> <p dir="ltr">With a multitude of products for lips, eyes, cheeks and skin for both everyday wear and bold evening glam, this new collection welcomes playfulness, self-expression, sustainability, and affordability to suit any generation.</p> <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-permalink="https://www.instagram.com/p/C7TWh-OtgqL/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/C7TWh-OtgqL/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank" rel="noopener">A post shared by The KIND Collective (@thekindcollectiveaustralia)</a></p> </div> </blockquote> <p dir="ltr">From lip oils and skin tints, to 3-in-1 complexion trios and eyeshadow sticks, The KIND Collective have something for every occasion. </p> <p dir="ltr">For Beauty lovers looking to lean into the growing trend of incorporating multi-use products into your everyday routine, with this new range of multi-use, easy to apply products, KIND is putting the emphasis on quality over quantity.</p> <p dir="ltr">Alongside the plus of being a multi-use range, KIND has listened to the masses, with 74% of beauty consumers agreeing that makeup and beauty products from affordable brands work just as well as products from premium brands, with nothing in the new range exceeding a $30 price point. </p> <p dir="ltr">This female-founded business is on a mission to add consciously driven, multi-purpose cosmetic products to everyone’s beauty repertoire, with a reasonable budget in mind. </p> <p dir="ltr">The KIND Collective is available online or in-store at <a href="https://www.bigw.com.au/brands/kind-collective">Big W</a> and <a href="https://www.priceline.com.au/brand/kind-collective">Priceline</a>.</p> <p dir="ltr"><em>Image credits: Shutterstock</em></p></p>

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"I felt duped": 95-year-old loses $1.6 million in bank scam

<p>A 95-year-old has been left feeling "sick" after she was scammed out of $1.6 million by heartless scammers claiming to be a bank. </p> <p>In November last year, Harriet Spring received a call from a man who called himself George Thompson, and said he worked for ING Bank. </p> <p>The man gained Harriet's trust over several months, at the difficult time that the great-grandmother was handling the sale of her mother's house.</p> <p>"Over time, I completely thought he was from ING, I had no reason to believe he wasn't," she told <a href="https://9now.nine.com.au/today/95-year-old-great-grandmother-loses-more-than-1-million-life-savings-to-scammers/f41540e7-f5c9-4c3b-89a7-ac94dd81bf6a" target="_blank" rel="noopener"><em>Today</em></a>.</p> <p>"George" then convinced Harriet the money from the sale of the house could build interest in an ING account, but it was actually being held by Westpac Bank.</p> <p>"It sounds implausible now, but the scammer had me convinced and I told my mother's bank, Teachers Mutual Bank, that this was an ING fixed term deposit, but it was being put in the Westpac bank," she said.</p> <p>"I put down the BSB number and the account number and what I thought was my name attached to the account, (my mother's bank) pointed out that it seems strange and ING account would be held with Westpac, but they still went ahead and authorised the transfer."</p> <p>When Harriet realised the scammers had taken hold of her life savings totalling $1.6 million, she felt "sick". </p> <p>"Obviously my world just fell out from under me - I just felt sick," she said.</p> <p>"I felt utterly responsible, I felt duped, foolish, ashamed - a lot of shame associated with it and I think that's why a lot of people don't come forward and talk about this kind of thing."</p> <p>Harriet has shared her story as a warning for others to be wary of potential scammers, while also calling on banks to have better protocols in place to stop suspicious transactions from going through. </p> <p>"Someone with basic training from the bank would have known that ING don't bank with any other banks and they should have flagged it," she said.</p> <p>"I believe the reality is that the banks 100 per cent put the blame on the victims and they minimise their own liability."</p> <p>"There should be some sort of system for compensating victims, the banks don't commit the theft, but they certainly drive the getaway car and they need to be held responsible for being complicit with this."</p> <p><em>Image credits: Today </em></p>

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Melissa George shares first glimpse of newborn son

<p>Melissa George has revealed the name of her third child. </p> <p>The <em>Home and Away</em> actress, who is known to be ultra-private about her personal life, only sharing glimpses of it to her fans, shared the special moment on her Instagram stories. </p> <p>The 47-year-old posted a snap of herself lying down and breastfeeding her young bub with a caption revealing his name. </p> <p>"Precious little Lyor Gatsby Gene… my everything," she wrote.</p> <p>Lyor is variation of the Hebrew name Lior which means "my light". </p> <p>George announced the birth of her third son earlier this year with an adorable post captioned:  "Welcome to the world my little man. Love knows no end. A mother of 3 sons. Cannot believe it. My heart is so full." </p> <p>She has two older sons Raphaël, nine, and Solal, seven, who she shares with her ex-partner Jean-David Blanc, a French entrepreneur.</p> <p>The mother-of-three has not yet revealed who Lyor's father is and whether she is in a new relationship. </p> <p>She currently resides in France with her kids, due to a strict custody agreement where her children can't leave the country without their father's consent. </p> <p>The actress began her career in 1993 playing Angel Parrish in the iconic soap opera <em>Home and Away. </em></p> <p>She then moved to the United States a few years later and her career took off after she starred in the supernatural horror film <em>The Amityville Horror</em> in 2005.</p> <p><em>Images: Instagram</em></p>

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Keep warm this winter without breaking the bank

<p dir="ltr">With winter right around the corner, many of us (me included) are dreading the frost-bitten mornings, increased heating bills, and feeling too frozen to enjoy our days. </p> <p dir="ltr">However, with winter comes a long list of simple things to appreciate, such as layering up with your favourite scarf before heading out, curling up under a blanket with a good book, endless cups of tea, and of course, the ultimate season for soup.</p> <p dir="ltr">Another thing to add to this unspoken list of winter essentials is the very thing that keeps us warm all day everyday: our most trusted pair of ugg boot slippers. </p> <p dir="ltr">This winter, it’s never been more important to make sure your uggs are in tip top shape, as there’s nothing more miserable than having cold toes in the middle of June. </p> <p dir="ltr">Luckily, Ugg Express is here to help. </p> <p dir="ltr">This Australian owned and based footwear brand has been crafting a wide range of high-quality ugg boots, street wear shoes and accessories for the Australian community for over 30 years.</p> <p dir="ltr">From <a href="https://uggexpress.com.au/collections/ugg-boots-for-women">women’s</a> and <a href="https://uggexpress.com.au/collections/mens-ugg-boots">men’s</a> collections to styles made for little feet, every pair of UGGs is meticulously constructed using a combination of robust soles, reinforced stitching and high-quality suede or leather exteriors to deliver long-lasting wear and endless warmth. </p> <p dir="ltr">If it's boots you’re looking for, or if slip-on slippers are more your speed, Ugg Express have what you’re after, with their entire range coming in at very affordable prices. </p> <p dir="ltr">I was lucky enough to be sent a pair of <a href="https://uggexpress.com.au/products/as-ugg-slippers-homey-unisex-sheepskin-slippers?variant=19690173005882">sheepskin Ugg slippers</a>, and can confidently say I have found my go-to Uggs for winter. </p> <p dir="ltr">These slippers are not a full boot, making them easy to slip on and off if you struggle with mobility issues, while still keeping your heels and ankles snug. </p> <p dir="ltr">As someone who has long suffered with circulation problems (even in the depths of summer will be fingers and toes be entirely too cold) these sheepskin slippers have answered my winter prayers. </p> <p dir="ltr">The ultra-soft sheepskin lining gently moulds to the contours of your feet, providing a cushioned and cloud-like sensation with every step, without leaving your feet feeling overheated or sweaty.</p> <p dir="ltr">Sheepskin also contains natural antimicrobial properties that wick away moisture and help keep nasty odours at bay, so your pair of Uggs smell fresh and new, even with extended wear.</p> <p dir="ltr">The warmth and comfort of these Uggs are unmatched, with a comfy sole adding much needed support, so you can wear them all day long. </p> <p dir="ltr">You can shop the entire range of Uggs, slippers, boots and much more <a href="https://uggexpress.com.au/">online</a>, with the Ugg Express website offering free shipping on orders over $100, and a no risk 30-day returns policy to ensure every customer is happy with their purchase. </p> <p dir="ltr">If you prefer to try before you buy, Ugg Express have stores located all across Australia. </p> <p dir="ltr">Don’t wait before you’re frozen solid to make your ultimate winter purchase! Explore the range today to discover a pair of stylish UGG boots you’ll be reaching for whenever the temperature dips.</p> <p dir="ltr"><em>Image credits: Shutterstock </em></p>

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Home & Away star gives birth to third son at 47

<p>Melissa George has welcomed her third son! </p> <p>The former <em>Home & Away</em> actress, 47, announced the news on Instagram, with a sweet black and white photo of her baby boy's feet. </p> <p>"Welcome to the world my little man. Love knows no end. A mother of 3 sons. Cannot believe it. My heart is so full," George captioned her post.</p> <p>Fans were quick to congratulate the actress in the comments. </p> <p>"How beautiful - congratulations and sending love 🤍" wrote one fan. </p> <p>"I am so thrilled for you my love, sending all of my love to you and your three magnificent boys," added another. </p> <p>"Congratulations Melissa!!! Sending you all so much love!" wrote a fourth. </p> <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/C4tNiLjq6PC/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/C4tNiLjq6PC/?utm_source=ig_embed&utm_campaign=loading" target="_blank" rel="noopener">A post shared by Melissa George (@melissageorgeofficial)</a></p> </div> </blockquote> <p>News of the star's birth comes just weeks after she <a href="https://www.oversixty.com.au/lifestyle/family-pets/inside-home-and-away-star-s-joyous-baby-shower" target="_blank" rel="noopener">confirmed her pregnancy </a>with a series of photos from her lavish baby shower in France, after she sparked pregnancy rumours earlier this year. </p> <p>In one of the photos shared at the time, George showed off her growing baby bump in a white shirt and cardigan, making silly faces as she posed with heart-shaped cookies with "Melissa's baby boy" written with frosting. </p> <p>She had a bunch of blue and white balloons set up, with friends sharing photos from the event with the caption: "Celebrating this beautiful lady... what a magical afternoon." </p> <p>George shares sons, Raphaël, nine, and Solal, seven, with her French ex-partner Jean-David Blanc.</p> <p>She has previously reflected on motherhood in an interview with <em>The Sydney Morning Herald</em>. </p> <p>"Having children, for me, will go down in my life as the greatest, most victorious, thing I've ever done," she said at the time. </p> <p><em>Images: Instagram</em></p>

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Inside Home and Away star's joyous baby shower

<p>Former <em>Home and Away</em> star Melissa George has some joyful news to share with her fans – she's expecting her third child!</p> <p>The 47-year-old actress, who now resides in France, recently celebrated this exciting milestone with a joyous, fun-filled baby shower surrounded by friends and family.</p> <p>Dressed in a chic white T-shirt and cardigan that beautifully accentuated her baby bump, George radiated happiness as she revealed that she's expecting another son.</p> <p>The baby shower was a sight to behold, adorned with blue and white balloons, and featured adorable blue cookies with the sweet message, "Melissa's baby boy".</p> <p>In photos shared from the event, George can be seen delightfully displaying her baby bump while holding up the cute cookies and pulling a funny face. A friend captioned the images, capturing the magic of the afternoon spent celebrating this beautiful moment.</p> <p>Although George has not disclosed the identity of the father, she shares her two older sons, Raphaël and Solal, with her French ex-partner, Jean-David Blanc.</p> <p>Reflecting on motherhood in the past, George as expressed profound gratitude: "Having children, for me, will go down in my life as the greatest, most victorious, thing I've ever done."</p> <p>She added: "Adopting, however you do it, when you have that baby in your arms, it's the greatest thing in the world."</p> <p>Having risen to fame on <em>Home and Away</em> before making her mark in Hollywood with notable roles in films like <em>Triangle</em>, <em>The Amityville Horror</em>, and <em>30 Days of Night</em>, George continues to embrace life's adventures with grace and joy. </p> <p><em>Images: Instagram</em></p>

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