SHARE

Share this news item!

South Australia's Coastal Waters Affected by Prolonged Algal Bloom

Marine Life and Industries Face Challenges Amid Environmental Crisis

South Australia's Coastal Waters Affected by Prolonged Algal Bloom?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Since March 2025, South Australia's coastal regions have been grappling with a harmful algal bloom (HAB) that has had profound effects on the marine environment and associated industries.
This event has led to significant fish kills, adversely impacting the fishing and aquaculture sectors, as well as deterring beachgoers and affecting tourism operators along the affected coasts.

The state government has established an information website and hotline dedicated to the event, and both state and federal authorities are collaborating on mitigation efforts. Temporary fishing restrictions on certain species, starting 1 November 2025, have been imposed to allow them to recover.

The causes of the bloom are attributed to several factors: flooding of the River Murray in 2022-23 that brought extra nutrients into the sea; a cold-water upwelling in summer 2023-24 that lifted more nutrients to the surface; and a marine heatwave that has occurred since September 2024. These changes, particularly the latter, have been linked to climate change.

For boat owners and marine enthusiasts, this environmental challenge underscores the importance of understanding the broader ecological factors that can impact marine activities. Staying informed about such events and adhering to guidelines and restrictions is essential for the sustainability of marine ecosystems and the industries that rely on them.

Published:Friday, 14th Nov 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Major Banks Rethink Mortgage Broker Partnerships
Major Banks Rethink Mortgage Broker Partnerships
16 Nov 2025: Paige Estritori
Australia's leading banks-Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and ANZ-are adjusting their mortgage strategies to reduce dependence on mortgage brokers. This move comes as profit margins are squeezed by lower interest rates, rising operational costs, and intensified market competition. - read more
Westpac Divests RAMS Mortgage Portfolio in Strategic Sale
Westpac Divests RAMS Mortgage Portfolio in Strategic Sale
16 Nov 2025: Paige Estritori
On November 3, 2025, Westpac Banking Corporation announced an agreement to sell its RAMS mortgage portfolio, valued at A$21.4 billion, to a consortium comprising Pepper Money, investment firm KKR, and asset manager PIMCO. The sale is at a slight premium to the gross loan value of the portfolio to be transferred at completion. However, Westpac anticipates incurring a loss on the sale after accounting for transaction costs and other financial adjustments. - read more