🗞️ Caught red-handed

Measuring WFH “productivity” has become increasingly difficult, but does recording people at home cross a line?

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Good morning. Measuring WFH “productivity” has become increasingly difficult, but does recording people at home cross a line?


Just ask the Australian training firm now facing a Victoria Police probe after staff said the monitoring torched their mental health.


The company managed to catch one bloke streaming Netflix at 11am, and an EA that's created an OnlyFans during work hours. But for the other 99% of its employees, Safetrac’s policies seem to have gone too far.


All the headlines and more below...

AUSTRALIAN NEWS

‘Hot property’: The suburbs where homes are flying off the shelf

  • Homes are selling fastest in Adelaide and Brisbane with Adelaide properties averaging 23 days on market whilst buyer activity reaches 2021 levels. LINK

  • NSW will ban converted e-bikes from trains from November 1 with fines ranging from $400 to $1,110. LINK

  • The RBA reports inflation has reached its 2-3% target range despite global uncertainties posing stability risks. LINK

  • Electricity prices will increase in early 2026 after federal subsidies end, affecting lower-income Australians. LINK

  • The RBA defends its card payment surcharge limits while banks raise fraud prevention concerns. LINK

  • ASIC has identified Australia's $200B private credit market as a potential risk due to transparency issues. LINK

  • 50% of Australians are concerned about retirement costs as financial insecurity grows amongst vulnerable groups. LINK

COMPANY NEWS

ANZ’s compliance déjà vu

  • ANZ has reappointed Promontory to report on its risk culture remediation plan following criticism of non-financial risk management. LINK

  • Netwealth and Hub24 attracted $36B in platform inflows for the year to March FY25, surpassing traditional superannuation funds. LINK AFR

  • Canva's statutory accounts revealed losses despite revenue growth, contradicting its previous profitability claims. LINK AFR

  • Virgin Australia's Velocity members can now redeem points at Myer stores as non-flying redemptions grow by 40%. LINK

  • Great Southern Bank and P&N Group signed a merger MOU to create a $30B customer-owned bank with dual headquarters in Brisbane and Perth. LINK

  • Bendigo Bank will close 10 branches including in Queenstown and Tasmania, forcing residents into 4-hour round trips. LINK

  • Coca-Cola Australia reports strong sales during footy finals whilst experiencing improved relations with Atlanta headquarters. LINK AUS

  • Apple warns new EU digital laws could affect Australian user privacy and device access. LINK AUS

CHART OF THE DAY

China enters top 10 of most innovative countries

ONE MORE SCROLL

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Draft Pick: Max Verstappen clinches 4th win of 2025 in Azerbaijan as Australian driver Oscar Piastri retires after crash on the first lap.

Odd Pick: Tesla’s nearly $1 trillion new pay plan for Musk would expand his voting power.

TOGETHER WITH

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TRIVIA


In the below diagram, the sum of each line needs to equal 54. What are the values of A, B, and C?

Answers below

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ANSWERS

A = 18, B = 28 and C = 14.


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