In this episode of Financial Services Online News Wrap, Paige Estritori discusses key financial news from Australia. Topics include New South Wales's crackdown on first-home buyer benefits abuse resulting in over $9 million retrieved from non-compliant applicants; AMP Limited's criticism of current superannuation performance testing methodologies, cautioning about some misclassified investment products; Increasing insurance costs in Western Australia coupled with a call for various measures to maintain fairness and economic equity; and the Australian Taxation Office's proposed draft ruling of making superannuation payments compulsory for subcontractors to improve financial security. For more insights and services, listeners are directed to visit the website.
