The affect of a HECS debt on your borrowing power

Younger Australians face an increased risk of larger and more frequent hailstorms due to climate change, with a study predicting a 29% rise in seasonal hail days around Sydney/Canberra and a 15% increase near Brisbane by 2100. The study highlights the need for improved building regulations to mitigate damage from hail, which already causes significant insurance losses in Australia. Want More Context? 🔎

Mineral Resources (MinRes) is considering involvement in the insolvency proceedings of Resource Development Group (RDG), led by Andrew Ellison, after RDG declared insolvency with over $130 million in debt. MinRes, holding a 64.3% stake in RDG, opted not to provide further funding but may participate in a sale or recapitalization process while ensuring employee entitlements are addressed. Want More Context? 🔎

Labor is set to introduce legislation capping prescription costs on the Pharmaceutical Benefits Scheme at $25 from 2026, following discussions with women affected by endometriosis, highlighting the financial strain of chronic conditions. Prime Minister Albanese and Health Minister Butler defended health policies amid criticism of rising out-of-pocket costs, emphasizing their commitment to improving Medicare access. Want More Context? 🔎

The upcoming Ashes Test in Perth on November 21 is expected to be the largest cricket match ever held in the city, with the first day's tickets already sold out and the second day nearing capacity. This match marks the first Ashes Test at Optus Stadium and has generated significant interest, including over 20% of tickets sold to visitors from the east coast. Want More Context? 🔎

Muchea Livestock Centre was awarded the 2025 Industry Advocate Award at the National Saleyard Conference for its significant contributions to animal welfare, community support, and economic impact, handling over 500,000 sheep and 70,000 cattle annually. The centre’s leadership, recognized by industry figures, emphasizes the vital role of saleyards in livestock markets and their commitment to best practices in biosecurity and animal welfare. Want More Context? 🔎

The operator of the Ruby Princess cruise ship, Carnival, will remain liable for compensating passengers affected by COVID-19 after a failed appeal against a class action ruling that deemed the company negligent. The court found that Carnival should have canceled the cruise, which resulted in 28 deaths and 663 infections, and a lead plaintiff was awarded $4,423 for medical expenses, though her request for larger damages was denied. Want More Context? 🔎