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Tag: australians

  • Australians stranded in Cambodia after cruise ship suspends operations | Luxury cruise passengers…

    Australians stranded in Cambodia after cruise ship suspends operations | Luxury cruise passengers…

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    Australians stranded in Cambodia after cruise ship suspends operations

    The Villa Vie Odyssey cruise ship is stuck in Cambodia after running out of money. (Supplied: Villa Vie Residences)

    Australian retirees are among passengers caught up in a luxury cruise ship's financial crisis.

    Soaring fuel costs have been blamed after the vessel became stranded in Cambodia.

    Anxious passengers are waiting for answers about the ship's future and whether they will get their money back.

    A Queensland woman has handed over $63,500 from her superannuation for a dream retirement at sea — only to watch it unravel before she even stepped onboard.

    Lisa McKay was weeks away from joining the luxury residential cruise ship Villa Vie Odyssey when she discovered passengers had been forced off the vessel in Cambodia after it ran out of money.

    Luxury cruise passengers stranded in Cambodia due to soaring fuel costs

    A luxury cruise ship on a years-long voyage around the world said it suspended operations due to extraordinarily high fuel costs, leaving passengers stranded in Cambodia.

    The US-based operator of the Villa Vie Odyssey said it was working with passengers on disembarkation plans and "temporary living arrangements".

    It is unclear how many were on board but the nearly 200m (656ft) vessel can carry up to 650 passengers. It departed Belfast in October 2024 for a "continuous voyage around the world".

    Global fuel prices have soared since the Iran war started earlier this year. The ship's operator said the monthly fuel cost per cabin in parts of Asia has risen to as much as $8,000 (£6,000) from $1,800.

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  • One million Australians in ‘unsustainable’ super funds: APRA | 7.5 million super accounts hel…

    One million Australians in ‘unsustainable’ super funds: APRA | 7.5 million super accounts hel…

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    One million Australians in ‘unsustainable’ super funds: APRA

    The number of people exposed to unsustainable superannuation funds leapt 35 per cent last financial year as more managers in Australia’s $4.5 trillion retirement savings system were deemed to be falling short of the prudential regulator’s standards.

    After a multi-year effort to close unsustainable super funds, the Australian Prudential Regulation Authority’s latest annual report showed it failed its performance goal of reducing the number of members exposed to super funds falling short on growth, performance and efficiency standards.

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    7.5 million super accounts held $21.2 billion in lost and ATO-held savings

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    Lost superannuation remains a significant issue in Australia, with billions of dollars in retirement savings disconnected from the people who earned them.

    According to the Australian Taxation Office (ATO), as at 30 June 2026, just over $21.2 billion was held in lost fund-held and ATO-held super across almost 7.5 million accounts.

    Superannuation can become lost for a variety of reasons. People may change jobs during their working lives and accumulate several super accounts.

    They may move house and fail to update their contact details with their super fund, change their name, or simply forget about a super account established many years ago.

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  • Australians love these cars. Experts have ‘real security concerns’ | Australia faces EV trap, war…

    Australians love these cars. Experts have ‘real security concerns’ | Australia faces EV trap, war…

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    Australians love these cars. Experts have 'real security concerns'

    On a narrow country road outside Canberra, I'm driving a BYD Shark 6, the hybrid ute loved by tradies and even a cabinet minister.

    But while I'm at the wheel, I'm not the only one in control; a hacker has access to the car.

    As the 2.6 tonne ute rounds a bend, he gets to work.

    With the stroke of a key, he kills the headlights, plunging me into darkness.

    The attack is not a total surprise. The Shark has spent the past two weeks with Dan Hreszczuk, a cybersecurity expert who specialises in cars.

    His task was to hack the vehicle and find out what could be seen and done remotely by the Shark's Chinese manufacturer.

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  • Australians to share in a $270,000 refund from Origin Energy | Origin to pay refunds over mislead…

    Australians to share in a $270,000 refund from Origin Energy | Origin to pay refunds over mislead…

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    Australians to share in a $270,000 refund from Origin Energy

    Thousands of Australians will share in a hefty payout after one of the country’s largest energy retailers was accused of misleading customers on the cost of its plans.

    Origin Energy will refund $270,000 spread across more than 4500 customers after the consumer watchdog analysed claims that the company may have misrepresented some of its pricing options.

    Origin will be forced to give refunds to more than 4500 customers. Chris Hopkins

    The Australian Competition and Consumer Commission’s (ACCC) began the investigation after a complaint from consumer advocacy group CHOICE.

    The group accused Origin of telling customers its “Ongoing Saver” plan was cheaper on a long-term basis than the “Basic” plan.

    Origin to pay refunds over misleading power plans

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    Refunds have been promised to more than 4500 Origin Energy customers following a consumer watchdog probe into misleading power plans.

    The offer in question misleadingly implied ongoing savings despite some customers paying more than the basic plan, the Australian Competition and Consumer Commission alleges.

    Credits or refunds of roughly $60 will be available and the offending "Ongoing Saver" plan nixed.

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    $60 refund for thousands of Australians

    Thousands of Australians will get a $60 refund from Origin Energy after the energy retailer overcharged 4500 customers.

    According to the ACCC, some households who signed up to Origin's "ongoing savers" residential electricity plan were charged more than those on the "basic" energy plan.

    This investigation began as part of the ACCC's response to Choice complaints that raised concerns about energy providers falsely representing value to consumers through confusing plan names.

    Commissioner Anna Brakey said Origin's ongoing savers plan didn't have the value the name suggested.

    "Energy plans are complex, and the mix of usage and supply charges makes it difficult for many consumers to assess potential savings," Ms Brakey said.

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  • Budget’s nasty CGT surprise for Australians doing a stint overseas | Big tax budget fallout wor…

    Budget’s nasty CGT surprise for Australians doing a stint overseas | Big tax budget fallout wor…

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    Budget’s nasty CGT surprise for Australians doing a stint overseas

    Australians who work overseas will lose access to any capital gains tax discount on investment properties from July 1, 2027 if they relinquish Australian tax residency during their time abroad.

    Ben Turner, an accountant specialising in expat tax at Atlas Wealth Management, said the “surprisingly harsh” new residency requirement is buried in the budget legislation – which passed parliament in late June.

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  • Australians face record-high rents as agents see ‘enquiries flooding in’ | The Perth suburbs wher…

    Australians face record-high rents as agents see ‘enquiries flooding in’ | The Perth suburbs wher…

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    Australians face record-high rents as agents see 'enquiries flooding in'

    Domain says there has been renewed acceleration in rental growth across Australia's capitals. (ABC News: Gian De Poloni)

    Domain's latest rental market report has revealed a renewed acceleration in rental growth across Australia's capital cities.

    Combined capital city house rents increased by $20 over the June quarter, lifting annual growth to its strongest pace in almost two years.

    The rental market is expected to remain tight in the coming months as government policy changes, low supply and interest rates affect rental affordability.

    Australians are paying record-high rents across all the capital cities as low vacancy rates mean tenants are facing "a landlord's market".

    The Perth suburbs where rent rose the most

    Perth tenants are now paying record prices for rentals this quarter with the median price for a house in Perth reaching $750 – $50 more than the same time last year, as the market cements itself as the third most expensive in the country.

    WA residents are now paying $150 more per week than those seeking to rent a home in Melbourne, while units have also risen to a median price of $700 per week.

    However, Domain’s latest Rent Report revealed on Thursday that despite the high prices across Western Australia, the market has risen significantly slower than other states.

    Over the June quarter, Perth’s rents lifted by 0.4 per cent – the equivalent of $3 per week and the least amount of all Australian states. Sydney house rents led the pack, surging by 6.3 per cent ($50) to $850 per week, followed by Darwin which saw a rise of 5.6 per cent ($40) to $760 a week.

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    ‘It’s a lot’: Sydney renters overwhelmed amid record rent rises

    Insurance pricing analyst Suvitti Deo has been forced to move several times since she relocated from Canberra to Sydney nearly three years ago, and with each apartment lease, she’s been required to pay a little bit more.

    “It’s the biggest expense I have. It’s 40 per cent of what I earn each week. Yeah, it’s a lot. I wish I was paying a lot less than what I’m paying now,” the 25-year-old said.

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  • Young Australians reject budget, One Nation popularity climbs further in new poll | Is this our p…

    Young Australians reject budget, One Nation popularity climbs further in new poll | Is this our p…

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    Young Australians reject budget, One Nation popularity climbs further in new poll

    The Redbridge poll found Pauline Hanson was the preferred prime minister among gen X voters. (ABC News: Matt Roberts)

    Labor's budget has been poorly received across all demographics, according to a Redbridge poll.

    One Nation's primary vote continues to climb and now leads against both major parties..

    Pollster Tony Barry says Labor has "a lot of ground to cover" to improve voter perceptions.

    Labor's federal budget is falling flat with its target demographic, as millennials say they would rather vote for One Nation than Labor or the Greens, and gen Zs remain mostly oblivious to the proposed tax changes.

    According to a Redbridge poll published on Sunday night, among millennials, One Nation is now out-polling Labor, at 30 per cent compared to 28 per cent, though its share of the primary vote remains at just 10 per cent among gen Z voters.

    Is this our political future? New poll lays out One Nation surge, Labor minority

    One Nation would win as many as 59 seats if an election were held today, pushing Labor deep into minority government and wiping out the Coalition in all but three states and territories.

    That’s the worst-case scenario for the major parties in a large-scale analysis of voter intentions conducted by Redbridge Group and Accent Research that underlines the seismic shift in Australian politics since the last election.

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  • Australians with Down’s syndrome among those to suffer most from proposed NDIS cuts government …

    Australians with Down’s syndrome among those to suffer most from proposed NDIS cuts government …

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    Australians with Down’s syndrome among those to suffer most from proposed NDIS cuts government analysis says

    ‘It’s heartless to cut supports we need to leave the house, work and study at a time when the cost of living has dramatically increased’, advocate says

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    Proposed funding cuts to NDIS would disadvantage Australians with visual impairment, psychosocial disability and Down’s syndrome the most, according to government analysis, with the government hoping to slash those budgets by 50% by the end of 2027.

    It also forecasts the cost of the NDIS will more than double in 10 years to $117bn, representing 2.4% of GDP, unless significant changes are made to the $50bn program.

    Total disability spending to hit $100b despite NDIS cuts

    The Albanese government will increase total spending on disability to $98 billion this year despite efforts to slow the runaway growth of the National Disability Insurance Scheme, as payments to support pensions for people who cannot work and to carers continue to rise.

    While Labor has focused on ambitious targets to cut NDIS growth to achieve more than half of the projected federal budget savings over the next four years, other forms of disability aid will also make up a significant portion of government spending.

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  • Australians at the IPL: Connolly and David fire, Green gets going, quicks return | Vaibhav Soorya…

    Australians at the IPL: Connolly and David fire, Green gets going, quicks return | Vaibhav Soorya…

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  • 500,000 Australians wait for end to ‘limbo’ as Butler readies NDIS plan | A $50 billion NDIS is p…

    500,000 Australians wait for end to ‘limbo’ as Butler readies NDIS plan | A $50 billion NDIS is p…

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    500,000 Australians wait for end to 'limbo' as Butler readies NDIS plan

    Mark Butler is set to outline his cost-saving plan for the NDIS. (ABC News: Matt Roberts)

    Mark Butler will detail his plan to save billions in spending on the disability scheme, which continues to grow faster than what the federal government says can be sustained.

    Mental health groups have urged the government to maintain supports for people with psychosocial disability and provide supports for half a million Australians left in limbo.

    Mr Butler will announce the NDIS reforms at the National Press Club today.

    National Disability Insurance Scheme Minister Mark Butler must end the "limbo" half a million Australians have been living in when he announces changes to the nation's disability scheme, mental health advocates say.

    A $50 billion NDIS is proving too tempting for Australia’s rich-listers

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    As federal health minister Mark Butler prepares to announce the government’s latest attempts to reel in the extraordinary cost of Australia’s National Disability Insurance Scheme on Wednesday, preparations of a different sort are under way in financial markets.

    Mable, an online marketplace for support workers, is reportedly exploring a potential stock market listing that could make it the first $1 billion company spawned by the $50 billion-odd scheme.

    Founder Peter Scutt set up the business with a focus on finding a solution to the frustrating process of getting appropriate aged care for his parents, but business has clearly exploded with the NDIS and made the company very valuable.

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    Labor to tighten child NDIS eligibility to curb spending as Queensland MP warns change is ‘failing kids’

    Health minister faces backlash from states as he announces major changes to scheme ahead of May budget

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    National disability insurance scheme service providers will be required to undergo mandatory character checks and eligibility rules will be tightened further for children under 18, as Labor moves to curb growth in the $50bn program.

    But the health minister, Mark Butler, faces a backlash from state counterparts as he announces major changes on Wednesday, with Queensland accusing federal Labor of walking away from responsibilities to families dependent on long-term care.

    Guardian Australia can reveal the Queensland disability minister, Amanda Camm, was blocked from attending a briefing by Butler and the treasurer, Jim Chalmers, on Tuesday. Only state and territory treasurers have been briefed on cuts ahead of the public announcement – not ministers responsible for implementing changes.

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