Episode Details

In this week's Finance News Wrap, Paige Estritori discusses the fall of the Australian caravan industry with the financial collapse of luxury caravan maker Zone RV leaving a debt of $40 million and 240 job losses, and the relocation of Tourism Holdings Limited's Brisbane manufacturing facility. The Australian Securities and Investments Commission highlights a need for reform in car finance lending practices following a review of defaults, which may bring tighter regulations. Positively, the Australian government is supporting lower-income individuals and essential workers, offering them low-interest loans for electric vehicle purchases through the Commonwealth Bank's EV Access Program. The move aims to make electric vehicles more accessible and could result in significant savings.