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Regulators have issued urgent warnings to the A$4.2 trillion superannuation sector to bolster cyber resilience following historical breaches and new AI-powered threats. The move follows the 2025 credential stuffing attacks where A$500,000 was stolen from member accounts.
The New Zealand Government will increase the maximum Rates Rebate to $830 and raise income thresholds starting July 1, 2026, to assist low-income homeowners with rising living costs.
The NZX 50 index closed at 13,175 points on Friday, May 8, 2026, marking a daily decline of 0.72%. Despite the fall, the market secured a 1.7% weekly gain and remains up 4.52% over the past year.
The ASX 200 rose by up to 1% on Thursday as oil prices fell sharply on hopes of a US-Iran peace deal. However, Tabcorp shares crashed 25% following the announcement of a new AUSTRAC enforcement investigation.
CDC Data Centres has secured a landmark 555-megawatt contract in Australia, the largest in the nation's history. The 30-year agreement with a high-end US customer is expected to drive annualised EBITDAF to A$2 billion.