Medibank Private shares remain suspended after a significant data breach, potentially affecting its 3.9 million customers. Australian global plumbing supplier, Reliance World-wide, has started reporting monthly. Changes to the downsizer contribution on Budget night can now be made by people over 55 years from 65. Superannuation Guarantee contributions are increasing 0.5% per annum until 2025 when everyone will receive 12% of their income and there will be tax cuts for people earning over $45,000 and up to $200,000.
Wenzel’s weekly wrap
