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Aussies hit with "hidden fees" for using common payment method

<p>Millions of Aussies have copped up to $1 billion in "hidden fees" for choosing to use one common payment method. </p> <p>Many are unaware about the secret extra charges that come with using the tap-and-go payment method, as millions of customers use it as the preferred way to pay and go. </p> <p>However, according to financial counsellor Scott Pape, also known as The Barefoot Investor, while tapping your card may be easier, it might not be great for your bank account.</p> <p>“What most people don’t know is that, when they tap, their bank generally defaults that payment through Visa or MasterCard, who pays them a fee — instead of defaulting that payment through the much cheaper bank-owned EFTPOS,” Pape said in his column for the <em><a href="https://www.dailytelegraph.com.au/business/barefoot-investor/the-common-smartphone-app-thats-ripping-you-off/news-story/0b71afa29c86faf2b938c44f93bbc8d6?amp" target="_blank" rel="noopener" data-link-type="article-inline">Daily Telegraph</a></em>.</p> <p>While some businesses choose to absorb the cost, others pass it on to the customer as a surcharge, as Pape says, “Talk about a rort.”</p> <p>According to the Royal Bank of Australia (RBA), Visa and Mastercard are generally more expensive for merchants than the EFTPOS network.</p> <p>Payments through EFTPOS are generally about 0.3 per cent of the transaction value, while Debit Mastercard and Visa Debit may cost many some people about 0.5 per cent.</p> <p>Mastercard and Visa credit could cost customers more than 0.75 per cent of the transaction, while American Express card payments are even more, charging merchants 1 to 1.5 per cent.</p> <p>Thankfully, according to Pape, there are ways to avoid paying the extra fees. </p> <p>If your bank card is attached to your smartphone, you can change the default payment setting.</p> <p>“On an iPhone, open ‘Settings’, go to ‘Wallet & Apple Pay’, then tap your debit card,” Pape said.</p> <p>“Then look for ‘Payment Option’. It will generally have ‘MasterCard’ or ‘Visa’ preselected, but instead you should select ‘EFTPOS SAV’.”</p> <p>This is not allowed on all cards, however, and those who use Android will need to check with their bank if a possible solution exists.</p> <div> </div> <p>The other way to avoid paying the surcharges is to just start inserting or swiping your card again.</p> <p>“I know it’s annoying, but if you swipe and insert your card you can choose ‘cheque’ or ‘savings’ and it’ll go through the EFTPOS system, which at the bigger retailers means you’ll be less likely to be charged,” Pape said.</p> <p><em>Image credits: Shutterstock </em></p>

Money & Banking

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Cancer-causing chemicals found in Aussie tap water sparks safety concerns

<p>A landmark ruling in the US has sparked safety concerns over Australian tap water, with many wondering if it is safe to drink. </p> <p>After the US tightened their regulations around drinking tap water, cutting the maximum level of cancer-causing so-called “forever chemicals” allowed, experts have urged Australia to do the same. </p> <p>Earlier this year, the US Environmental Protection Agency found there was “no safe level of exposure” of the chemicals perfluorooctane sulfonate (PFOS) and perfluorooctanoic acid (PFOA) in drinking water and they were likely to cause cancer.</p> <p>The toxic substances have also been linked to kidney and liver disease, thyroid dysregulation, reproductive problems, and developmental problems.</p> <p>According to a federally funded University of Queensland study published in 2011, Australia permits per-and-poly-fluoroalkyl (PFAS) substances at levels up to 140 times higher than those allowed in the US.</p> <p>Health Minister Mark Butler has asked key political players, including Chief Medical Officer Paul Kelly, for an urgent briefing following the US developments.</p> <p>The National Health and Medical Research Council, which shapes the nation’s water rules, is reviewing its guidelines relating to the chemicals, and that could be expedited ahead of its 2025 end date.</p> <p>“Australian drinking water is regularly monitored for the presence of chemicals, including PFAS, to ensure those are within the limits assessed as safe by Australian regulators,” a spokesperson for the Health Minister said.</p> <p>“This independent review will consider recent guidance and reviews from international and national jurisdictions and determine whether they are suitable to adopt or adapt for Australia.”</p> <p>Nicholas Chartres, a senior research fellow at the University of Sydney, called for a precautionary approach and immediate widespread testing of the nation’s water supplies.</p> <p>“The government needs to take action. They need to be testing the water (and) it will come at a cost,” he said.</p> <p><em>Image credits: Shutterstock</em></p>

Travel Trouble

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Millions of Aussies set for pay rise

<p>Millions of Aussies are in line for a boost on July 1, with the Fair Work Commission set to hand down their decision on minimum pay rates on Monday morning. </p> <p>The workplace umpire's annual wage review, which affects minimum and award wage earners, is expected to hand down an increase of between 3.5 per cent and 4 per cent on the pay rate of $23.23 an hour.</p> <p>These wage increases factor in economic conditions and broader goals such as closing the gender pay gap. </p> <p>A substantial boost was handed out last year - 5.75 per cent for awards and 8.6 per cent for the national minimum - with the commission basing their decision on factors like low unemployment, falling wages and high inflation.</p> <p>The Albanese government has submitted that it would prefer the “real wages of Australia’s low-paid workers do not go backwards." </p> <p>“We want to see strong and sustainable wages growth because we see this as part of the solution to the cost-of-living challenge, not part of the problem,” Treasurer Jim Chalmers said ahead of the decision.</p> <p>No number was specified but they are advocating to an increase which keeps up with inflation, which was at 4.1 per cent annually in the March quarter. </p> <p>In their submission, the government also said that tax relief due to kick in mid-year should not be viewed as a replacement to a wage boost. </p> <p>Meanwhile, peak employee representative the ACTU, has advocated for an increase of 5 per cent, arguing that workers affected by the cost-of-living pressures deserve a hike to their pay. </p> <p>Australian Industry Group has proposed a wage increase of 2.8 per cent, warning that an excessive pay boost could increase the risk of job losses, as the economy is slowing and labour market is weakening. </p> <p>Economists have also warned that an increase of over 4 per cent could further complicate the Reserve Bank’s efforts in fighting inflation, which  have already slugged borrowers with 13 rate hikes in the last two years. </p> <p>But AMP chief economist Shane Oliver said that an increase of at or just below 4 per cent, could help the RBA return inflation back to its target band of two to three per cent. </p> <p>“A rise around 4 per cent would give workers a real wage rise, it’s not so high as to add to the risk of a wage price spiral, … and in line with the rough assessment that 4 per cent wages growth is consistent with 2 per cent to 3 per cent inflation.”</p> <p><em>Image: Shutterstock</em></p> <p> </p>

Money & Banking

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Hilarious moment unassuming Aussie unknowingly interviews award-winning director

<p>An Aussie TikToker has been left red-faced after unknowingly interviewing a legend of the Australian movie industry. </p> <p>Georgia Godworth took to the streets of the Sydney inner west suburb of Newtown to ask members of the public for relationship advice. </p> <p>Ms Godworth began asking a man in a green leather jacket some questions about relationships, oblivious as to who she was speaking to.</p> <p>Turns out that man was award-winning director Baz Luhrmann.</p> <p>She captioned the clip, which was posted to TikTok, “no idea this was Baz Luhrmann”.</p> <p>In true director style, the video begins with Luhrmann instructing the social media star and her camera operator where to stand in order to get the best lighting for the clip. </p> <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/reel/C7lt6nypOLK/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/reel/C7lt6nypOLK/?utm_source=ig_embed&utm_campaign=loading" target="_blank" rel="noopener">A post shared by Georgia Godworth (@god_worthy)</a></p> </div> </blockquote> <p>Mr Luhrmann seemed to take it all on the chin and enjoyed the unorthodox interview, sharing wisdom and insight into his own approach to marriage with his wife, Oscar-winning costume and production designer Catherine Martin.</p> <p>“During that journey of marriage, the person I’m married to and I found our own really genuine and authentic concept of what our contract to each other should be,” Mr Luhrmann said.</p> <p>“But I think more importantly, marriage is not so much about what exists between you and another person, it’s about advertising to other people that you love and care as to what the dealio is." </p> <p>“My own general philosophy is, if you care about someone and they’re your friend, but they fall in love with someone else or they like someone, there has to be some degree of acceptance.”</p> <p>At the end of the interview, Mr Luhrmann told Ms Godworth that he usually doesn’t “do interviews”, saying, “But you know what? Happy to be a part of yours.” </p> <p>Despite the light-hearted nature of the interview, people were quick to drag Ms Godworth for not recognising the famous director. </p> <p>“I feel like you shouldn’t work in media if you don’t know who Baz Luhrmann is. An insult to this genius,” one person wrote.</p> <p>“Please tell me you’re joking and you absolutely knew who this was,” wrote another. “This is really embarrassing for you."</p> <p>Others came to her defence and even found the situation humorous, with one person commenting, “Walking down the street and bumping into Baz Luhrmann is so Australian.”</p> <p>“This is SUCH a wild encounter!" another wrote. </p> <p><em>Image credits: TikTok </em></p>

Movies

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"Absolute carnage": Injured Aussie reveals turbulence horror

<p>An Aussie man who was onboard the Singapore Airlines flight that plunged <a href="https://www.oversixty.com.au/travel/travel-trouble/victim-identified-after-plane-hits-deadly-turbulence" target="_blank" rel="noopener">6000 feet</a>, leaving one dead and dozens injured, has spoken out for the first time. </p> <p>A heavily bandaged Keith Davis told <em>Today </em>that he is still in shock over what happened, and shared graphic detail of what happened straight from his hospital bed in Thailand. </p> <p>"We'd just finished a fantastic holiday in the UK and were one more flight away, nearly home - and this comes along," he said.</p> <p>The flight took off from London Heathrow on Monday night and bound for Singapore with 211 passengers on board. </p> <p>Davis and his wife were among the 56 Australian passengers when the plane was struck by severe turbulence just minutes into the beginning of the breakfast service. </p> <p>"It was absolute carnage, instantly, it was absolutely surreal and there was no warning," he recalled. </p> <p>"When you come into turbulence, there is usually some warning, but this was just a freefall and before we knew it - we were on the ceiling and then bang, we are on the ground."</p> <p>Despite looking battered and bruised, Davis said that his wounds were just superficial, and his wife had an even longer road to recovery ahead. </p> <p>"(My wife) fell into the aisle and she didn't move from then on," he said. </p> <p>"She hit the ground so hard and you know, I leant over her and said, 'hey honey, you're okay', I could see she was breathing and she could speak, but when someone hits the ground, they're going to try and get up and that wasn't happening.</p> <p>"And then I realised I was pouring blood all over her and I thought, wow, we're in a lot of serious trouble here.'</p> <p>Davis said that his wife remained conscious the whole way through, which he said was a blessing as she doesn't have a brain injury. </p> <p>"She's had a severe spinal injury and she has no sensation from her waist down," he said. </p> <p>"She's got all of her wits about her, she's strong and we just just want to get home."</p> <p>Nine Australians remain in the Bangkok hospital, and three are in the ICU with severe injuries. </p> <p>Doctors have also confirmed that a lot of those injured have got spinal issues after hitting their head and landing so hard on the ground, with several of them requiring surgery after showing signs of paralysis. </p> <p><em>Image: Today</em></p>

Travel Trouble

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David Beckham's incredible offer for 'stealing' couple's wedding venue

<p>David Beckham has reportedly made a huge offer to a couple in a bid to steal the venue from them. </p> <p>The couple had booked the luxury resort Gleneagles in Scotland, UK for their dream wedding, but the football legend - who has reportedly been busy hunting for the perfect location to celebrate his 50th birthday - also wanted to book the venue to mark the milestone birthday. </p> <p>According to <em><a href="https://www.mirror.co.uk/3am/celebrity-news/david-beckham-steals-couples-wedding-32864115" target="_blank" rel="noopener">The Mirror</a>,</em> Beckham has apparently convinced the couple to move their wedding date and venue by helping them pay off their wedding and a few other special offers. </p> <p>A “friend of a friend” took to X, to share the claim this week. </p> <p>“A friend of a friend is getting married at Gleneagles next year but David Beckham wants the date for his 50th, so to get the friend to move it so he can have the hotel, Gleneagles are paying for their new wedding date, honeymoon AND paying off their mortgage … the power of Becks," user Ollienarrator wrote in a tweet. </p> <p>Fans of Beckham praised the football legend for being so generous. </p> <p>“OMG!!!! That’s absolutely wild! Ah but so worth it,” wrote one person. </p> <p>“What a wedding present!” added another, to which the original poster responded:  “I bet Beckham won’t have to pay either! But yeah, mortgage paid off will do!” </p> <p><em>The Mirror</em> reported that they have contacted Beckham's representatives for a comment. </p> <p><em>Image: Ryan Browne/ Shutterstock Editorial</em></p> <p> </p>

Money & Banking

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The sad state of Aussie ski resorts ahead of winter holiday season

<p>Ski resorts in Australia have had to get creative ahead of the tourist-heavy ski season after a lack of snowfall, despite plunging temperatures. </p> <p>The ski season begins this year on the June long weekend, running alongside the King’s Birthday on June 8th. </p> <p>Despite expecting a huge influx of keen skiers, there has only been light flurries of snow so far, according to WeatherZone, which melt away quickly and don't settle on the ground for long. </p> <p>In order to accommodate the busy season, Thredbo has had to resort to using fake snow for people to ski on. </p> <p>Manufactured snow happens by combining pressurised air and water through a ‘snow gun’ that gets blasted out into the air.</p> <p>The most ideal time to create the fake snow is on clear nights with low humidity, as the higher the humidity the colder it needs to be to make the flurries.</p> <p>Several photos from ski.com.au's cameras have shown popular ski sites with a disappointing lack of snow, in scenes similar to last year's ski season. </p> <p>“No significant snowfalls are on the horizon for the mainland Australian ski resorts before the official King’s Birthday Long Weekend season opening,” Weatherzone reports.</p> <p>“Snow-making began on the weekend at several resorts and has continued into the working week in the cold dry, air in the wake of the cold front.”</p> <p>According to WeatherZone, high-pressure systems, which have brought constant rain to the east coast recently, have been blocking the snowfall.</p> <p><em>Image credits: Xinhua News Agency / Thredbo</em></p>

Travel Trouble

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Aussie music icon passes away aged 86

<p>Australian music legend Frank Ifield, best known for his beloved country music performances and unique yodelling style, passed away peacefully on Saturday night at the age of 86. His friend and renowned music journalist Glenn A Baker confirmed the news, describing Ifield as a "remarkable man" whose contributions to music left an indelible mark.</p> <p>"There is so much to be said about this remarkable man, who had four number ones in Britain, three of them before the Beatles (who he had briefly support him in concert)," wrote Baker on Facebook.</p> <p>Ifield's career was marked by major international success, particularly in the UK where he scored four number one hits. Among his most celebrated tracks was the classic single "I Remember You", which gained widespread fame from its performance in the movie <em>The Fleet’s In</em>. The song is often speculated to have been inspired by writer Johnny Mercer's affair with Judy Garland.</p> <p>Ifield's influence extended beyond his chart-topping hits. He was inducted into the Australian Roll of Renown in 2003 and the ARIA Hall of Fame in 2007. In recognition of his substantial contributions to the arts, he was awarded the Medal of the Order of Australia in 2009.</p> <p>Ifield's musical journey began at a young age. His parents gifted him a ukulele for his 11th birthday, and after performing in class, he realised music was his true calling. By the age of 19, Ifield had already released 44 records and was the top recording artist in Australia, New Zealand and Tasmania.</p> <p>In 1959, Ifield took his talents abroad, moving to London where he quickly established himself as a household name. His unique singing style, which blended yodelling with an enthralling falsetto, set him apart and made him a standout act. This was highlighted by his notable performance in the 1962 Eurovision Song Contest, where he finished second in that year’s heat.</p> <p>Ifield's talents were not confined to music alone. He found success in film and television as well. In 1965, he starred in the feature film <em>Up Jumped A Swagman</em>. He also led two television specials, <em>The Frank Ifield Show</em> (1964) and <em>Frank Ifield Sings</em> (1965), and made appearances on numerous popular programmes including In <em>Melbourne Tonight</em>, <em>Top Of The Pops</em>, <em>Celebrity Squares</em>, and <em>Spicks & Specks</em>.</p> <p>Ifield's influence on the music industry extended to helping launch the careers of other artists. Notably, he is credited with playing a part in The Beatles' rise to fame, as the iconic band once opened for him before becoming global superstars.</p> <p>Ifield's legacy is one of innovation and success, both in Australia and internationally. His remarkable career and unique contributions to music will be remembered and celebrated for years to come. As the world mourns the loss of this extraordinary artist, his music and legacy continue to inspire and resonate with fans old and new.</p> <p><em>Images: IMDB</em></p>

Music

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New claim from Mexican criminal cartel over murdered Aussie brothers

<p>A member of the Sinaloa Cartel has claimed that they were the ones who handed the robbers accused of <a href="https://www.oversixty.com.au/finance/legal/i-killed-them-major-twist-in-slain-aussie-brothers-case" target="_blank" rel="noopener">murdering two Aussie brothers</a> and their American friend over to police. </p> <p>The city of Ensenada, near where the murders occurred, is under the control of a faction of the Sinaloa Cartel, and now they have debunked <a href="https://www.oversixty.com.au/travel/travel-trouble/doesn-t-add-up-new-theory-emerges-in-perth-brothers-deaths" target="_blank" rel="noopener">previous theories </a>that believed the cartel were involved somehow. </p> <p>“They were low-level robbers acting alone,” a member of the group, who chose to remain anonymous, told <em>The Daily Beast</em>. </p> <p>“But we handed them over. We learned that the cops were looking for the gringos and also began looking for those who were responsible. We called the authorities to let them know where to find them.”</p> <p>The cartel member added that the group was afraid of "unwanted attention" from Mexican authorities. </p> <p>Callum Robinson, 33, Jake Robinson, 30, and their friend Jack Carter Rhoad, 30, were all killed in what police have characterised as a bungled robbery while they were camping in the Baja California region during a surfing trip. </p> <p>The trio were reported missing on April 27 after they failed to check-in at their next accommodation. Their bodies were discovered in a well over the weekend with <a href="https://www.oversixty.com.au/health/caring/tragic-new-details-emerge-over-aussie-brothers-missing-in-mexico" target="_blank" rel="noopener">gunshots </a>to the head, around seven kilometres from where they were killed. </p> <p>Three people have been arrested, with the alleged ringleader charged with “forced disappearance”. He has not yet entered a plea and charges are expected to be upgraded to murder in the coming days. </p> <p><em>Image: Instagram/ 7NEWS</em></p>

Legal

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"I killed them": Major twist in slain Aussie brothers case

<p>The girlfriend of the man who allegedly killed Perth brothers Callum and Jake Robinson has reportedly "flipped" on her partner, becoming the star witness in the case. </p> <p>Ari Gisel García Cota was arrested earlier this week, along with her partner Jesús Gerardo Garcia Cota and his brother Cristian Alejandro Garcia, after the bodies of the Robinson brothers and their friend were found on Saturday in a desolate section of Santo Tomas in the Baja California region.</p> <p>According to Mexico police, the three men were killed as a result of a failed robbery, after locals attempted to steal the tyres from their pick-up truck.</p> <p>The bodies of the three men were recovered from a 15-metre deep well, with each man having fatal gun shot wounds to the head. </p> <p>In a major twist to the case, prosecutors revealed to court on Wednesday that Ari Gisel García Cota had become a key witness in the case after turning on the "ringleader" of the crime. </p> <p>“She has flipped on the ringleader and the evidence she’s provided to the prosecution will lead this case going forward,” Nine News correspondent Alison Piotrowski, who was in the courtroom, told 2GB’s Ben Fordham on Thursday.</p> <p>“What’s alleged is that Jesús Gerardo was driving her car that night when he went out to that remote campsite. The prosecution is saying what we’ve been talking about for the last couple of days has potentially happened, that the two Aussies and their American friend were ambushed.”</p> <p>Prosecutors allege Jesús Gerardo “killed them, took their tyres, put the tyres on her car and drove back”.</p> <p>When he went back to their house, the court heard he allegedly told Ari Gisel, “I f**ked up three gringos (English-speaking foreigner).”</p> <p>“She said to him, ‘What do you mean by that?’ And he told her, ‘I killed them’, and then showed her the vehicle with Jake, Callum and Jack’s tyres on her car,” Piotrowski said.</p> <p>“Ari was arrested later that day, she had fled to her mother’s house to get away from him. When the officers arrested her they said, ‘You have the right to remain silent’, and she said, ‘I don’t want to be silent, I want to tell you what I know. I’m a victim of domestic violence, I want to protect my four-year-old so let me help you with this case.’ So she has spectacularly turned on him and will now be crucial in this case moving forward.”</p> <p>Piotrowski added that the stunning revelation explained why Mexican officials “have been able to put him behind bars so quickly and also how they found the bodies”.</p> <p>“This conversation that he had with his girlfriend is pretty damning,” she said.</p> <p>So far only Jesús Gerardo Garcia Cota has been charged in connection with the deaths of the three men, and only with forced kidnapping, while Ari Gisel García Cota and Cristian Alejandro Garcia have only been charged with drug possession.</p> <p>Piotrowski said the kidnapping charges may not be upgraded to murder until the next court hearing, although the judge has more questions about how the three men were killed. </p> <p>“The judge did say that he can’t understand how one sole person could have done this, essentially kidnap and kill three men and take their tyres, it seems like too much,” she said.</p> <p>“He suggested that the prosecution needed to look into more suspects, that they needed to broaden their investigation because it couldn’t have been done by one man alone.”</p> <p><em>Image credits: Instagram / State Commission of the Penitentiary System of Baja California</em></p>

Legal

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Legendary Aussie soap star dies just weeks before birthday

<p>Brian Wenzel has died aged 94.</p> <p>The beloved Aussie actor, known for his role on <em>A Country Practice</em>, passed away peacefully in an Adelaide nursing home, just weeks away from his 95th birthday.</p> <p>“It is with great sadness that we remember the life of beloved Australian actor Brian Wenzel,” the soap star's agent, Jennifer Hennessy confirmed in a statement. </p> <p>“His iconic and revered performances spanned multiple Australian generations with his wit and humour shining through to the end.</p> <p>“A passionate family man and devoted Carlton supporter leaves an irreplaceable mark on the Australian film and television industry.”</p> <p>Born on the 24th of May in 1929, Wenzel began his acting career at the age of just 17. </p> <p>He became a popular figure on Aussie TV in the 60s and 70s, starring in shows like <em>Homicide, Division 4</em>, and <em>Matlock Police</em>.</p> <p>He then scored his most memorable role as Frank Gilroy, an old-fashioned and uptight sergeant who was the heart of <em>A Country Practice</em> for 12 years. </p> <p>The show ran from 1981 to 1993, with a whopping 1,058 episodes, and he also briefly appeared on <em>Neighbours </em>after the show ended. </p> <p>Wenzel's role as Gilroy earned him a Logie Award for Best Actor in 1981.</p> <p>His final role on-screen was in 2014 for <em>John Doe: Vigilante</em>.</p> <p>In 2018 the actor had suffered two mini strokes that made him unable to walk unaided. </p> <p>“It’s terrible to not be able to walk and I can’t sing anymore, which is terrible. I’m hoping against all hope that I can get it all back again," he said at the time. </p> <p>Four years later, he was marred by his tragic battle with dementia and entered nursing care which he shared with his beloved wife Linda. </p> <p><em>Image: news.com.au/ Michael Marschall</em></p>

Caring

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Tragic new details emerge over Aussie brothers missing in Mexico

<p>Authorities have recovered three bodies <span style="background-color: #ffffff; color: #202223; font-family: Montserrat, Helvetica, arial, sans-serif; font-size: 16px;">in the Baja California region of Mexico, </span><span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">believed to be those of brothers Callum and Jake Robinson and their American friend who went missing while on a surfing trip. </span></p> <p><span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">The Perth siblings and their American friend </span>Jack Carter Rhoad went missing last week after they failed to show up at their planned accommodations. </p> <p>Mexican Authorities believe that the brothers were attacked in a robbery gone wrong, and fought back, prompting gunfire from the alleged thieves. </p> <p>The three bodies had gunshots to the head, execution-style, and were found 10 metres down a well outside Santo Tomás about 2km away from what is believed to be the men's campsite.</p> <p>While officials are waiting for DNA results, they believe that there is a "very high probability that it is them". </p> <p>"They were in a state of decomposition. That is why we have to run the genetic tests," Baja California Attorney General Maria Elena Andrade Ramírez told <em>9News</em>.</p> <p>Police have also said that shell casings were found at the scene. </p> <p><a href="https://www.oversixty.com.au/health/caring/arrests-made-over-aussie-surfers-missing-in-mexico" target="_blank" rel="noopener">Two men and one woman</a> have been arrested in connection with the attempted robbery, after they were found in possession of methamphetamines and one of the missing men's phones.</p> <p>Ramírez also said evidence found along with the abandoned tents was linked to the three people being questioned about the missing foreigners.</p> <p> Local TV network Milenio reported that the suspects appeared to have stolen the surfers’ truck and some of its parts were found in another truck belonging to one of the suspects.</p> <p>"A working team (of investigators) is at the site where they were last seen, where tents and other evidence was found that could be linked to these three people we have under investigation," Ramírez said on Thursday.</p> <p>"There is a lot of important information that we can't make public."</p> <p>A fourth body was also found deeper down the well, but Ramirez confirmed that it had no connection to the investigation. </p> <p><em>Image: Nine</em></p>

Caring

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Nine-year-old Aussie ballet prodigy scores full New York scholarship

<p>A talented nine-year-old is heading to New York City, after scoring a full scholarship to a prestigious ballet school. </p> <p>Malcolm Doyle's dad Nick said he and his wife knew their son had a talent for dance from a young age, and could not be more proud of the international attention his dancing has garnered.</p> <p>"He's been doing really well here in Australia and since last year, there's been a bit of a focus from overseas," Nick told <em><a href="https://9now.nine.com.au/today/aussie-billy-elliot-nine-year-old-ballet-prodigy-scores-scholarship-to-prestigious-new-york-academy/4e3fdf08-3fb7-41a4-89df-eb6ee4b58095" target="_blank" rel="noopener">Today</a></em>.</p> <p>"He got brought in to do an audition for Chicago's A and A Ballet, who were doing a world broadcast for auditions and from there, we just started to get a bit of interest."</p> <p>"And then this year, we let him do the auditions for the Royal Ballet and he ended up in Hong Kong over Easter."</p> <p>From there, Nick said the American Ballet Theatre in New York got in contact and offered Malcolm a scholarship. </p> <p>Malcolm ultimately turned down the offer and signed with another NYC school, the Ellison Theatre, who offered the youngster a full ride. </p> <p>The family are currently saving up to buy flights over to the US to check out the school, with Nick saying they will do anything and everything to support their son's dream. </p> <p>"It's taking quite a bit of the funds out of my bank account, but the love he's got for dancing, you can't stop him and even if we wanted to, I mean we get home after he's had a full day of dance and he's still dancing around the house," Nick said.</p> <p>Malcolm's dad has a performing arts background and his mum is also a classically trained ballerina and teacher, so Nick said Malcolm was either going to inherit the genes or "end up having three left feet".</p> <p>"He went and saw a production by the Queensland Ballet on the weekend, which he had never seen before and he walked out with half the choreography memorised in his head and trying to reproduce it.," Nick said.</p> <p>After being dubbed "Australia's own Billy Elliot", the Today hosts asked Malcom what it is he loves so much about dancing.</p> <p>"It makes me feel really excited and it's so amazing for me, the feeling I get when I dance," Malcolm said.</p> <p><em>Image credits: Today  </em></p>

Music

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Arrests made over Aussie surfers missing in Mexico

<p>Police in Mexico have arrested two men and one woman in connection to the disappearance of two Aussie brothers who went missing while on a surfing trip. </p> <p>Jake and Callum Robinson, originally from Perth, were travelling with an American friend in Baja California in Mexico's north-west, near the city of Tijuana when they were last seen. </p> <p>The trio failed to check into their accommodation <span style="font-family: abcsans, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica Neue, Arial, sans-serif;">in the city of Rosarito, as their mother put sounded the alarm on social media to help find her boys. </span></p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">"They have not contacted us since April 27 … they are travelling with another friend; an American citizen," she wrote on a local Baja Facebook group.</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">"Callum is a Type 1 diabetic so there is also a medical concern. Please contact me if you have seen them or know their whereabouts."</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">In the days after news of their disappearance broke, Baja California Attorney-General María Elena Andrade Ramírez has confirmed that three people have been arrested in connection to the case.</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">A 23-year-old woman was arrested along with two men, as one of the brother's mobile phones was found in the woman's possession. </p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">"That is actually how [the three people] were found," local journalist Oliver Quintero told <a href="https://www.abc.net.au/news/2024-05-03/missing-surfers-jake-callum-robinson-mexico/103799272" target="_blank" rel="noopener"><em>ABC Radio Perth</em></a>.</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">"The police were able to track the GPS on one of the phones and that's how they got the lady – she was the one who had the phone and was with the other two gentlemen."</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">The car the trio had been travelling in was also found burnt out on a ranch south of the city of Ensenada, where they had been camping out close to a popular surfing spot. </p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">Prime Minister Anthony Albanese said he was hopeful a local search would result in a positive outcome.</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">"We certainly hope these brothers are found safely but there is real concern about the fact that they've gone missing," he said.</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;">While Baja California is one of the most dangerous areas of Mexico due to organised crime and rampant presence of drug cartels, there is no evidence that the brothers' disappearance is linked to organised crime.</p> <p class="paragraph_paragraph___QITb" style="font-size: 16px; box-sizing: border-box; margin-bottom: 1rem; font-family: abcsans, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;"><em>Image credits: Facebook </em></p>

Caring

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Elderly couple left stranded by cruise ship

<p>An elderly American couple was left behind by a Norwegian Cruise Line while on holiday in Spain this week. </p> <p>Richard and Claudene Gordon- aged 84 and 81 - were on a Mediterranean cruise aboard the Norwegian Viva with plans to celebrate Richard's birthday before things went downhill.</p> <p>The couple decided to take an independent excursion by themselves while the ship was docked in Motril, Spain, but on their return, their bus was delayed for an hour due to poor weather, so they ran late for the 5:30pm all-aboard time ahead of a scheduled 6pm departure.</p> <p>“I am a very experienced traveler and have probably been on as many as 30 cruises during my lifetime,” Richard told <em>CNN</em>. </p> <p>“Never before have we ever missed catching a ship on time at a port. So we are not someone who abuses the system.”</p> <p>Richard claimed that at 5:45pm they notified a relative on board who raised the alarm that they were nearby and running late, but nothing could be done at that point as the ship had to leave on time. </p> <p>By the time the couple arrived at 6:10pm, the boat had left the harbour, but Richard claimed that the cruise line had a tendency to depart behind schedule, and made no attempt to contact them until  late Tuesday. </p> <p>“Our cruise began in Lisbon and we departed from Lisbon about one and a half hours after the scheduled departure at 4pm,” he claimed.</p> <p>“Then the next night or two, at least a half-hour late from the dock, so it is clear that they do not always leave on the exact moment scheduled.”</p> <p>The couple were left stranded without their medication, eyeglasses and spare hearing aid batteries, which were left on board. </p> <p>Their daughter ended up having to book her parents a flight to Palma de Mallorca, where the boat was making its next call Wednesday morning, according to the publication. </p> <p>By the time the couple got to Mallorca, they were met with "a beautiful black BMW limousine" which took them back to their ship. </p> <p>"There we were met by the head of ship services who escorted us inside the ship to meet the general manager of the ship, then they escorted us to breakfast, then they escorted us to our cabin.They said they have already complained about the harbour master who was supposed to take care of things for them.</p> <p>"But of course the ship had not contacted us directly for two days so that doesn’t speak so well for them.”</p> <p>The Norwegian Cruise Line disputed the couple’s account of what happened.</p> <p>“After several attempts to contact these guests with the phone numbers provided, as well as trying to phone their emergency contact, we were unable to speak to them directly. However, we worked closely with the local port agents to make arrangements for the guests to rejoin the vessel,” a spokesperson said. </p> <p>“It is important to note that a delayed departure has the potential to impact the ship’s ability to deliver its planned itinerary and thus influence the experience for all guests on-board. While this was a very unfortunate situation, guests are responsible for ensuring they return to the ship at the published time.”</p> <p><em>Image: Getty</em></p> <p> </p>

Travel Trouble

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Why millions of Aussies are falling behind on superannuation savings

<p>Millions of Aussies are falling behind on their superannuation savings, with nearly one in two Australians on track for a grim retirement. </p> <p>According to research from superannuation and investments company Vanguard, this huge number of Australians have no idea how much they are playing in fees to their super funds, which can greatly impact how much you have in savings when your retirement day comes. </p> <p>“We are coming up against a stubborn statistic in our retirement research again this year — almost one in two Australians still don’t know what they pay in super fees,” Vanguard Investments Australia managing director Daniel Shrimski said.</p> <p>Also adding to the confusion of how much is needed for comfortable gold year is different companies sharing conflicting numbers on what figures to strive for in your superannuation.</p> <p>Superannuation consultancy company Australian Retirement Trust’s latest research shows the average superannuation balance for someone age 35 to 44 is $92,700, however this should be closer to $156,000 to be on track for a “comfortable retirement”.</p> <p>The average worker aged 55 to 64 has $285,900 in super but a 60-year-old needs close to $453,000 in retirement savings, ART said.</p> <p>“In the past 12 months, only one in five of us has checked our super balance,” Australian Retirement Trust executive general manager Anne Fuchs said, adding 70 per cent of Australians feel they don’t have enough money to retire on.</p> <p>“We talk to members all the time who have reached the end of their working life full of regret, wishing they had done something earlier. Australia has a monster problem whereby not enough of us are engaging with our super."</p> <p>“The earlier you start paying attention and understanding how your money is invested ... then you’ll really be able to finish work and put your feet up.”</p> <p>Financial consultancy Link Wealth director and financial adviser Joshua Lee told <a href="https://7news.com.au/news/new-research-shows-aussie-superannuation-savings-falling-short-of-retirement-needs--c-14507773" target="_blank" rel="noopener"><em>7News</em></a> that one of the most important tips for Australians is to take notice and understand their superannuation payments and what they pay in fees.</p> <p>“Take notice of what your account is doing,” he said.</p> <p>“Look at your statement when it comes in every year so you can understand what fees are being deducted from your account because that will have an impact on how much money you have come retirement.”</p> <p><em>Image credits: Shutterstock </em></p>

Retirement Life

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Aussie cruising fanatics share their top cruise tips

<p dir="ltr">An Aussie couple who are dedicated to cruising have shared their top tips to keep in mind before setting sail. </p> <p dir="ltr">Marty and Jessica Ansen are about to set off on their 130th cruise and have made headlines around the world for their devotion to spending most of their lives at sea.</p> <p dir="ltr">Together they have sailed roughly 770,000 nautical miles over more than 2,300 days on board, which equates to more than six years spent at sea.</p> <p dir="ltr">The Brisbane grandparents, both 77, have just headed off on their tenth trip around the globe, which is also their 52nd consecutive cruise adventure. </p> <p dir="ltr">During all their time spent at seas, the Ansens have learned a thing or two about life onboard, and have shared their top ten tips to make time on a cruise ship as smooth sailing as possible.</p> <p dir="ltr">Their number one tip for cruise travellers is to take a backup credit or debit card, as Marty told<em> <a href="https://travel.nine.com.au/cruising/cruise-tips-couple-princess-cruises-marty-and-jessica-ansen-australia/c61281dd-c47a-41bf-b166-608b581eccdf" target="_blank" rel="noopener">9Travel</a></em>, "Replacing a lost or stolen card while overseas is not for the fainthearted."</p> <p dir="ltr">The Ansens recommend making a clear and legible copy of your passport, as consulates find it a lot easier if you can provide a copy ready to go when you disembark.</p> <p dir="ltr">After all their years at sea, Marty and Jessica are pro-packers, and recommend wearing all your heaviest clothing when you check in to better adhere to a strict weight limit. </p> <p dir="ltr">"Jessica and I have one piece of luggage, usually under 20kg," Marty said.</p> <p dir="ltr">"We also each have one bag of hand luggage. Going on board, regardless of weather, I wear my heaviest clothing."</p> <p dir="ltr">When it comes to packing, they also advise leaving your toiletries at home. </p> <p dir="ltr">"Leave consumables like shampoo, conditioner, toothpaste and any creams and potions at home as Princess (cruise line) provides basic toiletries and anything you do need can be bought at the first port," Marty said.</p> <p dir="ltr">Marty and Jessica also recommend packing all your essentials in your hand luggage, as it can often take a while for your checked bags to arrive in your cruise ship cabin. </p> <p dir="ltr">"Place all jewellery, passports, visas, medication money and credit/debit cards in your hand luggage for easy retrieval," Marty said.</p> <p dir="ltr">Marty said one thing every traveller must check before setting sail is what electrical connection is used onboard. </p> <p dir="ltr">"Check what electrical connection is used onboard and have the right adapter ready to charge your devices,' Marty said.</p> <p dir="ltr">Many ships have American and European plug points, while newer ones may have USB connections too.</p> <p dir="ltr">When it comes to bringing medications, the Ansens said you should always bring extras, as well as the required paperwork.</p> <p dir="ltr">"As an extra precaution carry copies of scripts so that if you do run out or lose your medications it will be easier to prove what you need to overseas pharmacies or doctors," Marty said.</p> <p dir="ltr">Lastly, like any overseas adventure, the Ansens said it is important to always have travel insurance, and to make copies of your policy. </p> <p dir="ltr"><em>Image credits: X (Twitter)</em></p>

Cruising

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Tragic update on young Aussie Taylor Swift fan

<p>Nine-year-old Scarlett Oliver travelled all the way to Sydney from Perth to see Taylor Swift live, and to her surprise, she was chosen to receive gifts and a hat from the pop star as part of the iconic performance of her hit single <em>22</em>. </p> <p>The two even shared a big hug and the sweet moment went viral on social media. </p> <p>Scarlett was living with an aggressive form of brain cancer known as high-grade glioma, and now, just weeks after meeting her favourite singer,  Scarlett’s father took to social media to share a devastating update.</p> <p>“My Angel, so strong, so brave, so beautiful," Paul announced his daughter's passing on Instagram. </p> <p>"Nothing will ever be the same again.</p> <p>"Don’t forget me and please find a way to let me know you are OK.</p> <p>"Goodnight baby, I love you – Dad."</p> <p>"It’s just not fair,” he concluded the post. </p> <p>Scarlett died just days away from her 10th birthday on May 7. </p> <p>Earlier this month, Scarlett's father shared that his “beautiful” daughter was not doing well and likely had “weeks rather than months” left.</p> <p>He shared that she had spent most of her school holidays in hospital due to complications with her feeding tube, vomiting and "extreme tiredness". </p> <p>“Last night after discharge from hospital she suffered a significant seizure and was rushed to hospital via ambulance,” he wrote. </p> <p>Tributes are flowing in from fellow Swifties who shared their condolences on Instagram. </p> <p>“You were bigger than the whole sky …” one fan wrote, quoting the lyrics to a Taylor Swift song.</p> <p>“We all grieve for you and with you. May she rest in peace, free of pain and illness,” wrote another.</p> <p>“She touched so many hearts,” added a third. </p> <p><em>Image: Getty/ Don Arnold</em></p>

Caring

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"Big one for shenanigans": Aussie larrikin paddles a giant pumpkin down a river

<p>In potentially the most Aussie story ever and a suspected world first, one bloke has pinched his mate's award-winning pumpkin to turn into a paddle boat and sail down the Tumut River. </p> <p>The enormous pumpkin was grown by farmer Mark Peacock, who grew the vegetable to a whopping 407kg and would regularly post updates on the gourd's growing progress on Facebook. </p> <p>The pumpkin even earned a fitting name, Tormund after a character in Game of Thrones, and was used to feed his livestock.</p> <p>After the pumpkin had served its purpose, Peacock's friend and local canoe club commodore Adam Farquharson saw a once in a lifetime opportunity. </p> <p>Sporting a sailor hat and pipe, he navigated the hollowed-out pumpkin, dubbed ‘Cinderella’, down the Tumut River in New South Wales’ Riverina region, much to the amusement of bystanders.</p> <p>“Barry Humphries said that he’s a big fan of the unnecessary, and I am too. I’m a big one for shenanigans,” he told <em><a title="www.abc.net.au" href="https://www.abc.net.au/news/2024-04-16/man-turns-mammoth-400kg-pumpkin-into-a-canoe/103708438">ABC Riverena</a></em><a title="www.abc.net.au" href="https://www.abc.net.au/news/2024-04-16/man-turns-mammoth-400kg-pumpkin-into-a-canoe/103708438">.</a></p> <p>While initially surprised by Farquharson’s antics, Mr Peacock acknowledged that it was characteristic of his friend’s sense of humour to do something out of the ordinary to make people smile. </p> <p>“He’s really hilarious. But he’s random, occasionally,” he said.</p> <p>“I intentionally grew this as a family project and then started doing Facebook updates every week.”</p> <p>For Mr Farquharson, the voyage was simply about enjoying himself and giving locals an opportunity for a laugh. </p> <p>Farquharson joked about potential future exploits but remained grounded about his brief moment of fame as “Popeye the Pumpkin Man.” </p> <p>“I think the worldwide fame will wear off pretty soon. I won’t end up like Taylor Swift. I’ll just get back to life as normal,” he said.</p> <p>Reflecting on the unusual journey, Mr Farquharson humorously considered preserving the pumpkin as a national curiosity by placing it on a pedestal among Australian sporting royalty. </p> <p>“It was a sad moment. I did jokingly say to my wife that I should petition the prime minister to have it preserved and put next to Phar Lap’s heart at the National Museum,” he told the <em>ABC</em>.</p> <p>“She thought I was an idiot.”</p> <p><em>Image credits: Facebook</em></p>

Domestic Travel

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Kochie's warning for every Aussie parent

<p>Australian finance expert David Koch has warned parents to think twice before offering financial assistance to their adult children who are thinking of buying their first home. </p> <p>With many young Australians looking to buy property turning to the “Bank of Mum and Dad” for financial help, Kochie has advised parents to approach this with caution, structured agreements, and clear communication, to reduce the risks and protect both parties involved. </p> <p>“The Bank of Mum and Dad provided $2.7 billion to their adult children to buy property over the past year," the finance expert said on his latest column in <em>The Nightly</em></p> <p>He encouraged a structured approach to navigating the common intergenerational finance practice, and added that financial assistance from parents has become a significant player in the housing market. </p> <p>“If it was an actual bank, it would be somewhere between the fifth and ninth biggest mortgage lender," he said, referring to an estimation by the Productivity Commission. </p> <p>He then warned against the casual approach that is often taken, saying: “We all want to help our kids … But the question is what that help looks like.”</p> <p>“Treat the loan as a business transaction and draw up a formal agreement between each party outlining the terms of the deal, including a set repayment schedule,” he emphasised. </p> <p>Kochie also drew attention to the University of Newcastle’s findings on the increased risk of financial elder abuse associated with parental assistance.</p> <p>“Borrowing from the Bank of Mum and Dad encourages ageist attitudes, which leads to kids financially abusing their parents," he quoted the study. </p> <p>He then differentiated the different forms of financial assistance, explaining the difference between gifts, loans, and guarantees. </p> <p>“If your child is married or in a de facto relationship and it ends, gifts will usually be considered part of the family assets and divided up in court,” he warned. </p> <p>He also offered guidance on parental investments in entrepreneurial ventures, advising parents to “think of your role as that of a regular investor."</p> <p><em>Image: news.com.au </em></p>

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