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Tag: billions

  • Billions slashed from NDIS packages as reassessments lead to more cuts and less increases | Appea…

    Billions slashed from NDIS packages as reassessments lead to more cuts and less increases | Appea…

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    Billions slashed from NDIS packages as reassessments lead to more cuts and less increases

    Documents show cuts to NDIS packages at reassessment are rising and increases are falling. (ABC News)

    As NDIS participants brace for cuts to community supports from tomorrow, documents show the agency running the scheme has been slashing packages overall.

    They also reveal the average number of eligibility revocations per week from the first three months of this year was more than quadruple the amount from the same period in 2025.

    The NDIS is currently undergoing its biggest ever changes, which are expected to remove 240,000 participants over the next four years. 

    The agency running the National Disability Insurance Scheme (NDIS) slashed more than $2.8 billion from participant plans over a 21-month period, documents show, with "ruthless" cuts for whole categories of supports also set to begin from tomorrow.

    NDIS participant consumer choice is being eroded, and that’s not ok

    The NDIS put the disabled community in the driver’s seat of their care. They were on the ground experiencing their disability, they’d know best. This common sense is under threat with proposed changes in legislation. Advocates share consequences and the need to protect choice.

    The NDIS hasn’t been perfect. Participants know this. One thing did make it special. It was made to offer choice to the people who need it most. That right to choose is now being threatened. Changes in legislation mean the NDIS is more vulnerable than ever to losing what it was made for. There are growing questions needing answers – Who is looking out for my funding? And why is my right to choose being eroded?

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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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  • Super switching sees billions flow out of traditional funds and at a risk | ASIC warns savers at …

    Super switching sees billions flow out of traditional funds and at a risk | ASIC warns savers at …

    Explore the latest developments concerning Super switching sees.

    Super switching sees billions flow out of traditional funds and at a risk

    Australians looking to grow their retirement savings need to be aware of the risks. (Money, Coin, Investment,  nattanan23, Pixabay license)

    For many Australians, superannuation doesn't occupy their routine thoughts until they hit their 40s.

    By that time, people who have been working for most of their lives may have built up hundreds of thousands of dollars in super, and start to think more closely about whether the amount they have accumulated will help support a comfortable lifestyle in retirement.

    For much of the past decade, retail funds have been the biggest winners in attracting billions of Australians' super.

    But in recent years, there's been a shift of retirement savings out of the major players into self-managed super funds (SMSFs).

    ASIC warns savers at risk as big wealth platforms leave $300b exposed

    The corporate regulator says major wealth management platforms have overly permissive compliance regimes, leaving customers exposed to the same dodgy schemes and shonky practices that led to thousands losing their savings when the $1 billion Shield and First Guardian schemes failed.

    The Australian Securities and Investments Commission analysis – its first of the fast-growing sector since 2024 – bluntly concluded platform operators were “not doing enough to protect members” and, in some cases, found they had even regressed on crucial consumer safeguards over the past two years.

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    ‘Deeply concerning’: ASIC warns on gaps in oversight of $300b in super

    Businesses that oversee $300 billion in superannuation savings invested via wealth platforms are not doing enough to monitor for potentially excessive financial advice fees being deducted from members’ accounts, the corporate watchdog warns.

    The Australian Securities and Investments Commission (ASIC) will on Monday say it was “overwhelmingly disappointed” after it conducted a review into how well super trustees in the platforms segment are safeguarding members’ retirement savings.

    Platforms, which have surged in popularity, allow members to have greater control over their super investments than traditional funds. They are technology systems that allow investors and financial advisers to manage money spread across multiple investment options.

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  • Chinese Toymaker Mogul Loses Billions As Shares Of Labubu-Maker Slide | “People Lined Up Before O…

    Chinese Toymaker Mogul Loses Billions As Shares Of Labubu-Maker Slide | “People Lined Up Before O…

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    "People Lined Up Before Opening"… Resale Price Plummets from 170,000 Won to 20,000 Won, Is the 'Labubu' Craze Over?

    The fever surrounding the Chinese character doll 'Labubu,' which enjoyed immense global popularity this past summer, is rapidly fading. There was a time when people lined up outside stores before opening and prices soared in the resale market, but recently, both consumer interest and transaction prices have plummeted, signaling a reversal in the trend.

    According to Naver Data Lab, over the past six months (from June 17 to December 16), search volume for Labubu peaked at 100 in July and has been steadily declining since. As of December 16, search volume had dropped to just 3 compared to its highest point, indicating a significant decrease in consumer interest. This is a stark contrast to the explosive demand Labubu enjoyed as a must-have item during the summer.

    POP MART's N American Rev. Growth Slows Drastically; Short Positions Spike: Wire

    The Labubu craze seems to be tapering off, sparking a sharp pullback in POP MART (09992.HK)  -0.200 (-0.100%)    Short selling $148.22M; Ratio 26.097%   's recent stock price, Bloomberg reported.Pop Mart's North American revenue growth slowed to 424% this quarter (as of December 6), more than halving from the three months to September, the report said, citing YipitData. Bearish wagers against Pop Mart's stock have tripled since November to their peak since August 2023, S&P Global data showed.Pop Mart opened 0.92% lower today (18th), bottoming at HKD190. It last stood at HKD190.2, down 2.81%, with a trading volume of 2.7418 million shares, involving HKD524 million.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-24 12:25.)

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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

    For more detailed information, explore updates concerning Chinese Toymaker Mogul.

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