Finance News from Car Loans Australia

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Finance News

Surge in Superannuation Withdrawals for Medical Expenses Raises Concerns
Surge in Superannuation Withdrawals for Medical Expenses Raises Concerns
13 May 2026: Paige Estritori
Recent data from the Australian Taxation Office (ATO) reveals a significant increase in Australians accessing their superannuation funds for medical expenses. In the 2024-25 financial year, 63,300 individuals withdrew a combined total of $1.37 billion on compassionate grounds, marking a substantial rise from the $1 billion withdrawn in the previous year. - read more
Health Authorities Scrutinize Cosmetic Clinics' Use of Unregulated Credit Services
Health Authorities Scrutinize Cosmetic Clinics' Use of Unregulated Credit Services
13 May 2026: Paige Estritori
Australian cosmetic clinics are under scrutiny for promoting cosmetic procedures through unregulated credit services such as Zip Pay. This practice, often marketed as 'pout now, pay later,' has raised concerns among health authorities and consumer advocates about the potential for impulsive decisions leading to financial strain. - read more
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