Thu, 6th Jun 2024

In this episode of the Daily Financial Services News Wrap, several key financial updates are discussed. Worker's compensation premiums in Queensland are set to increase by 4%, a less severe jump compared to the 8% increase in New South Wales, demonstrating Queensland's balance between economic resilience and worker's welfare. With the Australian Financial Complaints Authority ending Dixon Advisory's membership, concerns arise over handling compensation claims, particularly unpaid Dixon claims, and the potential costs for advisors. The NSW Supreme Court has ordered a freeze on bank accounts linked to Haneen Asfour amid allegations of insurance fraud. Australian university graduates will see a sizeable 4.7% increase on their HECS-HELP debts. Visit financialservicesonline.com.au for more information.n