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10 things you need to know this morning in Australia

Monday 19 October 2020

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.

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