Fri, 6th Jun 2025

In this episode of Weekly Finance News Wrap, the key topics include ASIC's increased scrutiny on the private credit market to align with international standards and protect retail investors. The significant contribution of international students to the Australian economy is discussed, yet the counting of all student spending as exports by the ABS faces criticism for possibly misrepresenting actual funds earned. Virgin Australia is preparing for an IPO of $685 million on the ASX, following the high performance of the S&P-ASX200 and a strategic sale to Qatar Airways. Lastly, demand for financial advice is high, but affordability remains an obstacle, with a reported 82% of surveyed Australians suggesting that it should be universally accessible.n