In this episode of Financial Services Online, Paige Estritori discusses key financial issues impacting Australia. SMEs are feeling the pressure due to planned increases in super guarantees, with the super contribution set to rise from 11% to 12% leading to cash flow and compliance concerns. In real estate, the Albanese government is criticized for neglecting first-time homebuyers in the budget while billions are invested into new homes and infrastructure. The Australian Senate gears to investigate the influence of climate risk on the cost and availability of insurance, giving particular attention to disaster-prone areas. The episode concludes with highlighting the significance of mental health in the workplace, drawing attention to a recent court case awarding Andrew Hodson over $1.2m for PTSD following a fatal work accident.n
