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10 things you need to know this morning in Australia Good morning.

Afterpay and Zip are brushing away concerns about PayPal's new buy now pay later offering, as their share price takes a hit The chief executives of Australian buy now, pay later (BNPL) companies have batted away concerns over payments giant PayPal's entry into the sector, saying the market is big enough to accommodate multiple players.

The Australian economy shrank 7% in the June quarter – the single largest fall on record Wednesday's GDP figures show the Australian economy contracted by 7% in the June quarter. The enormous quarterly decline dwarfs previous declines experienced during the country's 1980s and 1990s recessions.

The Royal Australian Mint has unveiled a new dollar coin that is designed to be donated to charities – and 3 million have already been released into circulation The Royal Australian Mint has unveiled a new coin that is designed to be donated. The Donation Dollar encourages Aussies to use it for charity.

All Australians will end up footing the $100 billion bill for the 'reckless' early super withdrawal scheme, according to industry fund analysis New analysis shows that for every $20,000 withdrawn under the early access to super scheme, an additional $50,000 will be required to be paid from the aged pension.

A 'Married at First Sight' star had an Instagram sponsorship offer pulled after she shared COVID-19 conspiracy content from Pete Evans An Australia mask-maker has withdrawn a offer to advertise with "Married At First Sight" star Natasha Spencer because she shared a COVID-19 conspiracy post from celebrity chef Pete Evans.

Online pet scams have tripled since last year as people look for furry friends in quarantine Puppy buyers beware: online pet scams have skyrocketed since the start of the COVID-19 pandemic, according to the Better Business Bureau. Reports of this particular scheme, in which fraudsters set up phony websites or post fake advertisements online for dogs that don't exist, have tripled since last year, according to the BBB.

Amazon has reportedly been spying on workers' private Facebook groups and tracking their plans to 'strike or protest' Amazon is closely monitoring dozens of private and public social-media groups run by Amazon Flex package-delivery drivers across the US, the UK, and Spain, Vice reported Tuesday.

These last-minute Father's Day gift ideas will make your dad's day, and you won't need to worry about postage We rounded up a collection of gift ideas that will make any dad's day, including streaming subscriptions, a MasterClass membership and gift cards.

4 areas to focus on when future-proofing your skill set With COVID-19 altering our economic landscape indefinitely, setting out to develop skills that will translate in an ever-changing, uncertain world is essential.

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