Fri, 24th Apr 2026

This episode of the Daily Financial Services News Wrap discusses the recent trends in Australia's financial sector. Small and medium-sized enterprises are expanding and increasing borrowing, with loan applications increasing by 42% in the last quarter of 2025. But these businesses will soon be affected by upcoming changes to the Payday Super reforms, which will decrease borrowing capacity by 7 to 15%. Personal finance reforms offer tax cuts and subsidized childcare to families, and change cash transaction rules for large retailers. Homeowners are being advised to consider break costs when refinancing mortgages. Lastly, the Insurance Council of Australia calls for regulatory changes to reduce small businesses' skyrocketing insurance premiums. Stay tuned for more updates next week on Financial Services Online.n