Each week, we unpack the biggest Australian headlines impacting businesses and everyday professionals — from policy changes and economic indicators to tech, compliance, and consumer trends. Expect a crisp recap, plain-English context, and practical takeaways you can act on in minutes. Reliable, jargon-free, and designed for busy listeners who want to stay informed without the noise. Updated weekly, so you never miss what matters.
This Week:
RBA lifts the cash rate on 5 May, pushing repayments higher and tightening borrowing power. Lenders move unevenly, with some smaller banks still offering sharper rates and refinance incentives, while the Australian Banking Association urges borrowers to seek help early. EV fringe benefits tax concessions will be wound back from April 2027, affecting the value of novated leases, with grandfathering expected. Ahead of 30 June, the ATO warns against dodgy tax tips and flags a focus on deductions and undeclared income. Listeners are encouraged to check their credit report, compare options, and consider timing for vehicle and equipment finance.
EPISODE 1798 | Australian Internet Loans Weekly News Insights | Sat, 9th May 2026
9 May 2026 | Paige Estritori
00:00:00
00:00:00
1x
Read Full Transcript:
Hello and welcome to Australian Internet Loans Weekly News Insights; Im Paige Estritori, its Saturday 9 May 2026.
First up, on Tuesday 5 May the Reserve Bank of Australia, or RBA, lifted the cash rate by a quarter of a percentage point to about four point three five per cent, the third rise in a row. Repayments for variable loans will edge higher as lenders move, and borrowing power tightens for new applications. If money is getting tight, talk to your bank early and keep your credit file clean; and if youre on an older loan, it could be time to compare and see if a sharper deal is available.
Next up, not all lenders are moving at the same speed. Some non‑majors still advertise rates that start with a five, and a few are dangling refinance incentives with conditions. Banks, via the Australian Banking Association, say support is available if youre struggling. A quick credit‑report check can strengthen your application, and our free eligibility check helps you target the right options without blanket applying.
Meanwhile, electric‑vehicle tax settings are set to shift. From April 2027, fringe benefits tax, or FBT, concessions for many higher‑priced EVs will be scaled back, with partial concessions only by 2029, while existing novated leases are expected to be grandfathered. If youre weighing a novated lease or planning vehicle and equipment upgrades for your business, factor the timing and total cost of ownership—dont just chase the tax perk.
And with 30 June on the horizon, the Australian Taxation Office warns against dodgy EOFY tips doing the rounds online. Theyre focusing on work‑related deductions and undeclared income this year. For self‑employed and small‑business borrowers, tidy records and accurate claims can make finance applications faster and smoother.
Thats the wrap. For tailored comparisons across personal and business loans, vehicle and equipment finance, and more, head to internet-loans.com.au for a free eligibility check and smart, transparent options you can act on today.
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.
Follow us!
We are a proud member of the Financial Services Online network!
Connect with us on your favourite social media platform for the latest financial news, views, resources and information.
The Commonwealth Bank of Australia (CBA) has announced plans for further job reductions as part of its ongoing efforts to streamline operations and adapt to current market conditions. This decision follows a previous round of redundancies, leaving employees facing continued uncertainty. - read more
In a strategic move to support customers who continue to rely on cash transactions, National Australia Bank (NAB) has announced a significant investment in upgrading its ATM network. This initiative involves the deployment of hundreds of new machines across the country, ensuring that cash-dependent customers have continued access to essential banking services. - read more
Westpac Banking Corporation has announced the deployment of its AI Copilot tool to 35,000 employees worldwide. This strategic initiative aims to enhance operational efficiency and customer service by integrating advanced artificial intelligence into daily banking operations. - read more
As a personal loan seeker in Australia, understanding interest rates is crucial. Interest rates significantly impact the overall cost of your loan and your monthly repayments. Being well-informed ensures that you make the best financial decision for your situation. - read more
Welcome to our blog! Today, we're diving into an essential topic for anyone looking to master their finances: balancing needs and wants while budgeting. Understanding this concept can make a significant difference in how you manage your money each month. - read more
A financial setback can happen for various reasons, whether it's due to unexpected medical bills, job loss, or other unforeseen expenses. These setbacks often cause significant challenges in managing your finances. - read more
