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10 things you need to know this morning in Australia

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businessinsider.com.au

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edm@businessinsider.com.au

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Mon, Oct 19, 2020 10:44 PM

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Good morning team. What's happening in the news today? I say we find out – together. New South

[View this email via your browser]( [Business Insider Australia]( [Twitter]( [Facebook]( [LinkedIn]( [Enable Images to View]( [Enable Images to View]( [10 things you need to know this morning in Australia]( Good morning team. What's happening in the news today? I say we find out – together. [Enable Images to View]( [NSW is easing more coronavirus restrictions from this Friday. Here's what it means for restaurants and weddings.]( New South Wales is lifting more restrictions from Friday October 23. From that date, up to 30 people will be allowed to gather in public places, and up to 30 people can make a booking at a hospitality venue. [Enable Images to View]( [Melbourne residents can now go shopping within a 25 kilometre radius. Here’s what else is allowed under Victoria’s relaxed restrictions.]( More restrictions are easing in Victoria as the number of coronavirus cases steadily decreases. In Melbourne, residents can exercise and shop within a 25 kilometre radius. However, retail and hospitality businesses won't be allowed to reopen until November 1. [Enable Images to View]( [Andrew Forrest has bought iconic boot brand R.M. Williams for a reported $190 million, scoring Hugh Jackman a $10 million payday]( Andrew 'Twiggy' Forrest has bought R.M. Williams through his family investment fund Tattarang. He and his wife Nicola said they were "incredibly proud and humbled", forking out $190 million for complete ownership of the Australian bootmaker. [Enable Images to View]( [NAB has been fined $15 million and lampooned by a federal judge after its controversial $24 billion referral program blew up]( NAB will pay $15 million after its long-running referral program was found to have repeatedly contravened the Credit Act. For the better part of two decades the bank paid unqualified middlemen commissions for bringing it customers and supplying information on them. [Enable Images to View]( [Enable Images to View]( [Uber reportedly wants to sell off part of its air taxi unit, casting doubt on the company's plans for flying vehicles in Australia]( There's uncertainty about the future of Uber's air taxi plans in Australia as the company reportedly looks to sell off parts of its Elevate unit. On Friday, Axios reported that the company was looking for "strategic alternatives" in its pursuit of profitability. [Enable Images to View]( [WHO: The US and Europe still aren't quarantining correctly, and that's why we're headed for a COVID-19 disaster this winter]( Quarantining people who've been exposed to sick patients is one of the most basic ways to end the spread of an infectious disease, like COVID-19. But the WHO says proper quarantining is still not being done "systematically, anywhere" during this pandemic. [Enable Images to View]( [Markets are pricing in a Biden victory and Democratic Senate to fuel massive stimulus in 2021, JPMorgan says]( Investors are increasingly prepping for a Democratic sweep in November, as well as front-loaded stimulus to boost the economic recovery, JPMorgan said following a recent call with clients. [Enable Images to View]( [The $1.6 million SSC Tuatara just became the world's fastest car by topping 316 mph]( The SSC Tuatara set the new record for world's fastest production car on a seven-mile stretch of State Route 160 in Nevada. The old record belonged to the Bugatti Chiron Super Sport's 304.77 mph. [Enable Images to View]( [You shouldn’t do your own tax return if it involves any of these items, according to a tax professional]( When lodging your tax return, there are elements that can either increase or decrease the size of your refund. Some are easy to understand, while some are a bit more complex. If you aren’t a tax expert, those complex items can prove to be a bit tricky when it comes to lodging your return by yourself. [Enable Images to View]( Business Insider Australia © 2020 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](

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