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10 things you need to know this morning in Australia Good morning all. Hope you had restful weekends.

Australia has ditched its COVID-19 vaccine targets, with Scott Morrison conceding not everyone will have their first jab by the end of the year The Federal Government has abandoned its target of offering every eligible Australian their first COVID-19 vaccine dose by October 31. In a Sunday night statement, Prime Minister Scott Morrison said "it is not possible" to provide new timelines given "uncertainties" in the rollout.

The insurance bill from the NSW and QLD floods is nearing $600m – but the true cost will be much higher, say financial counsellors The insurance industry estimates the damage bill from last month's flooding in NSW and QLD will near $600 million. But financial counsellors say the true cost will be much higher, after countless small businesses faced the disaster without coverage.

The RBA is concerned Australians are taking on too much debt, as investors pile back into the property market The RBA has shed a more light on its view of the property market, revealing it is keeping a close eye on emerging risks. As asset prices rise on the back of low interest rates, the central bank says home buyers are taking on additional risk as they bank on future growth.

Rental startup Glamcorner has signed a partnership with cult Aussie brand Spell, as Australia catches up to the $2 billion fashion rental market Australian fashion rental startup Glamcorner has signed a partnership with cult Byron Bay-based fashion brand Spell. The fashion rental market was one of the few major fashion success stories of the pandemic, and is worth $2 million globally.

Vaping and e-cigarettes might actually help smokers quit, according to new research. What does that mean for Australia's highly restricted nicotine market? A new study suggests vapes and e-cigarettes could be more effective in helping smokers quit than almost anything else. The findings stand in stark contrast to Australia's inconsistent and restrictive e-cigarette laws, which have led to a grey market for vape liquid and products.

Australia's tourism and hotel sectors won't recover properly for years, according to new analysis from Deloitte International travel will not return properly until 2023, according to new analysis from Deloitte on Friday, leaving parts of the Australian economy exposed.

Scraped personal data of 1.3 million Clubhouse users has reportedly leaked online The leaked data of Clubhouse users includes names, social media profiles, and other details. It's the latest in a recent string of data breaches.

People are buying JPEGs for $90 million a pop — but NFTs are a symptom, not the disease itself The preposterous and meteoric rise of NFTs, or non-fungible tokens, is just the latest symptom of a much larger trend plaguing the modern economy: the quick and irrational pursuit of enormous profits.

3 tools for business owners looking to grow their operations – from AI to system consolidation There are plenty of reasons why a business struggles to expand, remaining at a standstill while similar businesses flourish. Granted, the past year has thrown an unpredictable spanner in the works, however, there are a few tools at your business' disposal that can assist in recovery and more importantly, growth.

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