Wed, 13th May 2026
from Financial Services News Wrap Hosted by Paige Estritori
This podcast summary covers the financial developments in Australia. Rising fuel prices have prompted a surge in electric vehicles (EVs), with large increases in both personal and business loan applications. An increased appetite for sustainable transport is also reflected in the Electric Vehicle Council's announcement that EVs made up 13.1% of vehicle sales last year. The anticipated removal of a 5% import tariff and increase of the luxury car tax threshold will further boost EV affordability. Meanwhile, the Boating Industry Association is pushing for stricter Jet Ski safety measures due to increased incidents. In the insurance sector, the ASIC is focusing on cyber resilience, encouraging firms to enhance defences against AI-driven cyber threats. Lastly, MetLife Australia has extended its partnership with Hostplus until 2026, promising cost-effective solutions for Hostplus members and underscoring the importance of robust insurance offerings from superannuation funds.n
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