In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses key financial updates in Australia. The focus is on 'Buy Now, Pay Later' schemes, with 21-year-old Shyneka Long's viral TikTok revealing her $19,000 Afterpay expense sparking new regulations for the providers. Other topics include the upcoming increase in Superannuation Guarantee contributions from 11.5% to 12%, which may impact those on fixed salary packages or making salary sacrifices. The episode also highlights growing international interest in Australia's commercial real estate debt market, and wraps up with an AFCA case underscoring the importance of transparency in the insurance sector. For an in-depth exploration of these topics, visit financialservicesonline.com.au.
