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Speaker 1: The National Disability Insurance scheme is rife with corrupt practices,

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Speaker 1: according to its Integrity Chief. Good Times for Farmers, fishermen

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Speaker 1: and Foresters, and everyone's favorite meme, stock game Stop surges

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Speaker 1: seventy five percent on a single post on Reddit. Welcome

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Speaker 1: to Fear and Greedy. Daily business news for people who

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Speaker 1: make their own decisions. It is Wednesday, the fifth of

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Speaker 1: June twenty twenty four. Are Michael Thompson and Good Morning,

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Speaker 1: Sean Aylmer.

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Speaker 2: Good morning, Michael Sawan.

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Speaker 1: After the show, you have an interview coming up with

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Speaker 1: Alan Kirkland from ASSEK.

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Speaker 2: Sure do we talk all about a campaign they are

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Speaker 2: running to get people with financial infinancial hardship, people who

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Speaker 2: are struggling to repay debts, to get in touch with

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Speaker 2: their lenders, because lenders can do a lot for people.

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Speaker 2: They can potentially suspend repayments for a couple of months,

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Speaker 2: they can lower repayments. In fact, lenders have to work

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Speaker 2: with customers on this stuff. What's amazing is just how

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Speaker 2: many people they want to approach their lender in times

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Speaker 2: of hardship. They might be embarrassed, they don't even know

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Speaker 2: that they can do it. And there's a campaign that

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Speaker 2: assics pushing, so it's well worth a chat. It's just

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Speaker 2: interesting the ins and outs of what you can do

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Speaker 2: when you've borrowed money and how you can perhaps cushion

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Speaker 2: some of the challenges you're facing when you're repaying debts.

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Speaker 1: Yeah, it's a really interesting conversation. It's interesting as well

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Speaker 1: to see ACIK you kind of think of them obviously

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Speaker 1: as a regulator just dealing with the organizations themselves. But

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Speaker 1: this is a very consumer focused campaign definitely. And Sean,

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Speaker 1: the other big thing today to mention is the Fear

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Speaker 1: and Greed newsletter. It is just hours away from landing

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Speaker 1: in inboxes, so it is not too late, is it

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Speaker 1: to head along to Fearangreed dot com dot au, pop

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Speaker 1: your email addressing and you two will receive the Fear

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Speaker 1: and Greed newsletter, in which you will be teeing off

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Speaker 1: on a number of the big business stories of the week.

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Speaker 1: Can you give us any clues as to what will

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Speaker 1: be coming on now?

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Speaker 2: Well, look, I would say fear not if it doesn't

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Speaker 2: in your inbox at quarter past eleven as per usual,

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Speaker 2: fear not because it may well be caught. Well, it's

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Speaker 2: going to be caughted to twelve. I can tell you

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Speaker 2: that because of course economic growth figures are out today

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Speaker 2: and so we'll send it immediately after that for my

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Speaker 2: take on those economic growth figures. But that's one thing

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Speaker 2: that we're talking about plenty of other things as well.

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Speaker 1: It is going to be a good read. So make

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Speaker 1: sure you sign up fearinggreed dot com today you sean

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Speaker 1: on with the show the main story this morning, the

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Speaker 1: National Disability Insurance Scheme Integrity chief says nine out of

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Speaker 1: ten plan managers show signs of fraud and the legal

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Speaker 1: system would be overwhelmed if all the scams carried out

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Speaker 1: are prosecuted.

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Speaker 2: This is huge, Yeah. John Dato told the Senate Committee

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Speaker 2: that internal analysis shows ninety percent of plan managers, those

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Speaker 2: managing funding for up to one hundred participants, portrayed significant

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Speaker 2: indicators of fraud. He also said there are dozens of

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Speaker 2: examples we're organized crime groups are abusing the system, including

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Speaker 2: encouraging the use of NDIS money to buy drugs and alcohol.

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Speaker 2: More than sixty percent of the six hundred and fifty

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Speaker 2: thousand ENDIS participants use a plan manager, according to the

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Speaker 2: latest quarterly report. In fact, the government has encouraged people

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Speaker 2: to use these plan managers. There are more than fifteen

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Speaker 2: hundred plan managers, with an average number of participants using

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Speaker 2: plan managers surging. In fact, there are almost fifty percent

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Speaker 2: over the last couple of years. According to the Financial Review,

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Speaker 2: payments involving these plan managers totaled five point seven billion

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Speaker 2: dollars in the three months to the end of March.

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Speaker 2: Forty four percent of payments went to unregistered plan managers,

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Speaker 2: who typically service people with plans of less than one

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Speaker 2: hundred thousand dollars per annum. Mister Dato, not surprisingly, he

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Speaker 2: says more needs to be done sooner given the corruption

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Speaker 2: in the system. Now the government has spoken about changing

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Speaker 2: these plan managers, and just the fact that there is

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Speaker 2: nowhere near enough control and transparency around what's going on.

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Speaker 2: But the numbers here are just incredible.

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Speaker 1: Yeah, that is quite remarkable. It is an extraordinary story

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Speaker 1: sewn with mister Dado's evidence now prompting opposition claims that

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Speaker 1: drugs are being trafficked to vulnerable people under the scheme.

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Speaker 2: When asked what kind of drugs are being bought, such

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Speaker 2: as ice, heroine or cocaine, mister Data said, and I

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Speaker 2: quote you name it. It's on the list end quote. He

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Speaker 2: said two billion dollars is being spent incorrectly, and there

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Speaker 2: are thousands of cases where participants are claiming things that

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Speaker 2: are not consistent with their plan. Without going into the detail.

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Speaker 2: People get a plan at the beginning of the process,

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Speaker 2: and within that plan there's a said amount of money

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Speaker 2: which they will be funded. The whole idea with the

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Speaker 2: NDIS is that they choose how they use that money. Obviously,

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Speaker 2: some of those choices aren't going to health products. For example.

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Speaker 2: Recent examples included a twenty thousand dollars holiday, a seventy

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Speaker 2: three thousand dollars new car. Now the opposition to take

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Speaker 2: the government and question time yesterday over the evidence. We're

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Speaker 2: going to hear plenty about this. The Minister responsible is

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Speaker 2: Bill Shorten. He has come under fire also in the

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Speaker 2: past couple of days after it was revealed in centered

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Speaker 2: estimates that he's paying a speech rider six hundred and

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Speaker 2: twenty thousand dollars for two years of work, which is

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Speaker 2: a pretty tidy sum to be earning. Anyway, the NDIS

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Speaker 2: is going to be front and center of the news

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Speaker 2: debate for the next few days.

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Speaker 1: Oh, it certainly will be. Those numbers are all just

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Speaker 1: quite staggering. Turning to local markets, now Sean, how did

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Speaker 1: things go yesterday?

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Speaker 2: S and pa is Next two hundred closed down zero

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Speaker 2: point three percent to seven seven one hundred and thirty

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Speaker 2: seven points, reversing the trend of the previous two sessions.

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Speaker 2: Energy stocks for the worst performers, while materials also went backwards.

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Speaker 2: Best in the day the second straight session with the

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Speaker 2: financials on. All prices have dropped on the back of

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Speaker 2: fears about demand from China that pushed Fortescu Medals, the

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Speaker 2: HP and Rio tinto lower energy supply fell Woodside, Santos,

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Speaker 2: Beach Energy, New Hope, White Haven, those last two being

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Speaker 2: the coal companies. They are all lower. However, goal prices raise,

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Speaker 2: and that helped the gold diggers Perseus Mining Northern STA.

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Speaker 2: For example. In corporate news, family tracking app Life three

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Speaker 2: sixty rows two percent after the launch of an initial

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Speaker 2: public offering in the United States. The group plans to

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Speaker 2: raise about one hundred and fifty million dollars. Life three

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Speaker 2: sixty share prices more than doubled so far this year.

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Speaker 2: Budget jewelry group Leavisa fell another one point seven percent

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Speaker 2: after Monday's ten percent fall that came after Smiggle boss

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Speaker 2: John Cheston was announced as Levisa's new CEO, and the

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Speaker 2: former boss of Virgin Australia, John Borghetti, will become a

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Speaker 2: Crown Resorts new chair. Crown nowadays is owned by private

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Speaker 2: equity giant Blackstone.

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Speaker 1: A fair bit happening locally, What about international markets?

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Speaker 2: Even more happening, Michael Even more. US data showed a

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Speaker 2: slow down in factory activity in the world's biggest economy

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Speaker 2: for the second straight month, adding to the argument that

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Speaker 2: the Federal Reserve should cut rates later this year. That

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Speaker 2: pushed the Aussie dollar higher to almost sixty seven US cents,

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Speaker 2: and bond yles here and overseas fell. In the US,

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Speaker 2: investors have priced in almost two twenty five basis point

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Speaker 2: rate cuts this year. Over the past week. In Australia,

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Speaker 2: traders have wound back expectations of a rate rise and

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Speaker 2: have fully priced in a rate cut sometime in the

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Speaker 2: next twelve months. Oil prices have continued to ease, with

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Speaker 2: Brent crude falling below eighty US dollars a barrel for

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Speaker 2: the first time since February. Now Michael I slightly misled

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Speaker 2: listeners yesterday. A bit of a Mayor Cole put.

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Speaker 1: Oh go on, does this man that you misled me

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Speaker 1: as well?

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Speaker 2: Yeah, yeah, yeah, I apologize. So I mentioned that OPEC

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Speaker 2: plus had agreed to extend to oil output cuts, so

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Speaker 2: that takes a play out of the market, and I said, so,

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Speaker 2: don't expect oil prices to fall anytime soon. What I

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Speaker 2: didn't realize, and this is a misleading pup, is that

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Speaker 2: OPEC plus also agreed that voluntary cuts from eight members

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Speaker 2: could be gradually unwound from October. In actual fact, that

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Speaker 2: might put more supply into them and that's why all

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Speaker 2: prices have come off a bit. So I only gave

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Speaker 2: half the story, so I apologize for that.

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Speaker 1: So then what does it mean then for petrol? I'm

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Speaker 1: just self interest against Sean. When do I fill up

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Speaker 1: the MAA.

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Speaker 2: Well, I'd probably do it. Now be known, all right,

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Speaker 2: prices are pretty good, Well, it depends where you are

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Speaker 2: in the country. Pretty good on the East coast, not

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Speaker 2: so on the West coast.

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Speaker 1: Sean, can I share with you a fascinating piece of

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Speaker 1: feedback that we received from a listener based in Perth,

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Speaker 1: Please do It was a note that I received via

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Speaker 1: Ferenger's Facebook from Ivan who listens in Perth and when

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Speaker 1: we're talking about petrol prices and about how we didn't

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Speaker 1: really understand how the price cycles worked, about how it

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Speaker 1: did seem to kind of be just quite variable and

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Speaker 1: there wasn't much sense to kind of the different prices

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Speaker 1: that were being charged around different places in the country. Anyway,

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Speaker 1: Ivan wrote to us, then, I thought this was fascinating.

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Speaker 1: Says for what it's worth. Over here in Sunny Perth,

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Speaker 1: fuel prices are set at six am and they do

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Speaker 1: not change till six am the next day. Tomorrow's prices

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Speaker 1: are published around three pm each day. It's a lot

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Speaker 1: more user friendly and gives good transparency to the system.

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Speaker 1: I think that is fascinating and I wasn't aware of that,

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Speaker 1: and I think, go, wa, this is something that should

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Speaker 1: be everywhere.

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Speaker 2: Yeah, that way you can actually plan when you want

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Speaker 2: to buy petrol and you'll know when it's expensive or not.

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Speaker 1: Yeah. So I just thought that was a ripper. So

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Speaker 1: thank you Ivan for sharing that with us. Yeah that, Yeah,

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Speaker 1: you've taught us both something today. Usually it's just Sean

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Speaker 1: teaching me. Very rarely do I teach Sean, but today

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Speaker 1: you've taught us both.

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Speaker 2: Absolutely. Thank you Ivan.

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Speaker 1: All Right, we'll be back in a moment with the

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Speaker 1: rest of the day's business news Sean. There was a

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Speaker 1: slew of economic data out yesterday from the Australian Bureau

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Speaker 1: of Statistics, which generally suggest that the March quarter economic

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Speaker 1: growth figure, which is due out at eleven thirty this morning,

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Speaker 1: will be pretty.

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Speaker 2: Low real zero point two, zero point three. I say,

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Speaker 2: undoubtedly the economy is struggling, or at least it was

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Speaker 2: struggling the first three months of the year on the

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Speaker 2: back of the cost of living crisis and higher interest rates.

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Speaker 2: The figures yesterday show that company profits fell in the

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Speaker 2: first quarter of twenty twenty four and inventries rose. Now,

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Speaker 2: the main reason for that is that consumers just aren't

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Speaker 2: spending as much. You might think that higher inventories is

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Speaker 2: bad for growth, but it's actually the other way around.

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Speaker 2: It suggests companies are ordering more stuff, so that's actually

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Speaker 2: a positive. Manufacturers have to make it. But Australia's current

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Speaker 2: account balance fell into deficit last quarter. There's two parts

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Speaker 2: of that. The trade surplus we talk about that, but

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Speaker 2: it was actually smaller. We're buying more stuff from overseas,

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Speaker 2: stuff like medicines, clothing and footwear. The income deficit or

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Speaker 2: something known as the income deficit surge. Now, income deficit

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Speaker 2: is mostly what we pay in financial payments that come

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Speaker 2: in and out of the country, so in this instance

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Speaker 2: the deficit was the result of offshore investors taking money

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Speaker 2: out of Australia, particularly in the LNG and property sectors. Anyway, overall,

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Speaker 2: the current account balance fell into a big deficit. The

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Speaker 2: forecast for the mass quarter growth figure which comes out

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Speaker 2: this morning, as you mentioned, is for a very weak economy.

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Speaker 2: We had the Head of Treatury in the last couple

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Speaker 2: of days basically saying the same thing. It's very possible

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Speaker 2: that it'll be the outside COVID. It will be the

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Speaker 2: lowest growth rate in about twenty years post two thousand.

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Speaker 2: So wait and hear all about it this afternoon in

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Speaker 2: our afternoon report, or of course tomorrow when the newsletter.

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Speaker 1: Newsletter Afternoon Report, and tomorrow morning we'll catch up with

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Speaker 1: Gareth ad from Commonwealth Bank as well to get his

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Speaker 1: thoughts on it as well. So really, if you want

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Speaker 1: to know anything about the economy, just stick around with

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Speaker 1: Fear and Red for the next twenty four hours. You

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Speaker 1: will be inundated with economic information. Now, Sean ABC, let's

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Speaker 1: talk about radio. I love talking about radio because it's

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Speaker 1: kind of where where I've worked for a quite a

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Speaker 1: large chunk of my life. ABC's radio performance has tumbled

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Speaker 1: in Melbourne, It's improved in Sydney, while ben Fordham on

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Speaker 1: TWOGB in the country's largest market, has knocked off Kiss

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Speaker 1: FMS Kyle and Jackie O.

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Speaker 2: The biggest thing that happened in radio land in recent

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Speaker 2: years is Kyle and Jackieo's extension to Melbourne to a

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Speaker 2: Sydney based Now, the latest radio ratings include only three

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Speaker 2: weeks of their show, so it's probably too early to

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Speaker 2: make a call on their success or otherwise. What is

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Speaker 2: noticeable from these ratings is the tale of two cities

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Speaker 2: for the ABC. In Melbourne, the ABC recorded its lowest

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Speaker 2: ever audience share since the current survey began more than

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Speaker 2: ten years ago. In Sydney, ABC bounced to record high

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Speaker 2: listenership for this year. At least, ABC Adelaide and ABC

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Speaker 2: Perth rank above Melbourne in terms of audience share, while

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Speaker 2: Brisbane lags behind the other main metro markets. Overall, nine

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Speaker 2: owned two GB in Sydney in three. AW in Melbourne

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Speaker 2: recorded strong ratings growth in the survey performances by Ben

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Speaker 2: Fordham and Ray Hadley in Sydney, and Ross Stevenson and

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Speaker 2: Russell Holcroft and Tom Elliott in Melbourne just as an assign.

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Speaker 2: And I know this because you used to work for

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Speaker 2: this gentleman, Michael ray Hadley. It was his one hundred

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Speaker 2: and fifty seventh consecutive win in his timeslot in the

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Speaker 2: Sydney market. Three more and that is twenty years of

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Speaker 2: being top in the morning time slot in Sydney. Twenty years. Phenomenal.

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Speaker 1: It is a pretty spectacular record, isn't it. Yeah.

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Speaker 2: I mean I don't think anyone can match. Neil Mitchell

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Speaker 2: in Melbourne did very very well for a long time.

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Speaker 2: But I don't think you did that well.

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Speaker 1: I think I think Ray is setting a record that

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Speaker 1: will take some beating now. Sean production in Australia's agriculture,

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Speaker 1: fisheries and forestry sectors remains on track to be the

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Speaker 1: third highest on record next financial year, supported by improved

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Speaker 1: growing conditions.

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Speaker 2: The total value of produce or output from the three

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Speaker 2: sectors expected to increase two percent in twenty twenty four

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Speaker 2: to twenty five to just under ninety billion dollars. According

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Speaker 2: to the well named Australian Bureau of Agricultural and Resource

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Speaker 2: Economics and Sciences a BEARS for sure. The reasons are

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Speaker 2: better lifetop prices and better growing conditions for crops. Most

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Speaker 2: exciting Michael, Australia's horticulture sector is on a tear and

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Speaker 2: produced value is forecast to hit a record seventeen point

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Speaker 2: four billion dollars, led by increases in fruit and nuts.

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Speaker 2: Now I'm going to digress a little because when you

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Speaker 2: get these stories, it's kind of interesting getting some of

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Speaker 2: the details out. So India reduced tariffs on chickpeas in

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Speaker 2: recent years. In response, Australia's planting area of chickpeas has

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Speaker 2: jumped seventy nine percent and it's expected to be a

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Speaker 2: major crop next financial year. It just goes to show

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Speaker 2: how adaptable Australian agricultural producers are. I think it's great.

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Speaker 2: Lentil plantings have also served. For example, bans and oil

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Speaker 2: seas are forecast to shrinks slightly. But do you think

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Speaker 2: that's kind of cool that they see an opportunity in

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Speaker 2: this case in India with a reduction in tariffs, they

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Speaker 2: just plant a bunch of chickpeas.

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Speaker 1: That is amazing creditors in collapsed electric goods retailer Godfrey's

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Speaker 1: will receive none of the forty five million dollars ozde

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Speaker 1: to them, and employees will get just under three quarters

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Speaker 1: of their entitlements.

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Speaker 2: Administrators PwC said twenty six groups had expressed interest in

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Speaker 2: buying Godfrees. However none of the eventual six offers were

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Speaker 2: deemed suitable. Godfrey's collapsed in January this year, hurt by

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Speaker 2: increased competition from larger bricks and water players like Harvey Norman,

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Speaker 2: also the Surgeon Online buying Godfrey's range has somewhat been superseded,

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Speaker 2: according to the administrators. For example, they didn't stock the

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Speaker 2: very popular Dyson brand that hurt them. The PwC report

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Speaker 2: says Godfrees has come to fierce price competition, worse thing

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Speaker 2: consumer sentiment, rising costs, inadequate financing, and a flawed strategy

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Speaker 2: of trying to buy out franchise operators. So, Michael, after

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Speaker 2: ninety years, it's the end for Godfrey's.

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Speaker 1: Sean's speaking of ninety years, it seems quite a significant number,

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Speaker 1: because yesterday as well, it was announced that after ninety years,

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Speaker 1: p and O Cruises would cease to exist as a

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Speaker 1: standalone brand within the Carnival Cruise.

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Speaker 2: Line as a brand, not as not as a vessel

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Speaker 2: as a brand.

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Speaker 1: Yeah. So basically the p and O Pacific Encounter and

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Speaker 1: the Pacific Adventure ships will be rebranded. They'll go within

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Speaker 1: the Carnival Cruise Line fleet, and the Pacific Explorer, which

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Speaker 1: was once known I believe as the Dawn Princess, it's

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Speaker 1: going to be retired. So a lot kind of happening

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Speaker 1: in that space. But it's ninety years. Ninety years the

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Speaker 1: P and O brand has been around for in Australia,

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Speaker 1: so it is again kind of the end of an era, really.

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Speaker 2: Oh it is. I remember sort of going up the

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Speaker 2: I think it was called the fair Star or something.

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Speaker 1: Like that, Fair Star, the fund Ship.

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Speaker 2: Fairstart of the Fundship. I remember it was, I don't

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Speaker 2: know with an advertising campaign. I'm sure it was a

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Speaker 2: P and A ship and everyone wanted to go on

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Speaker 2: first other friendship.

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Speaker 1: Yeah, yeah, that was absolutely that was finished in nineteen

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Speaker 1: ninety seven.

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Speaker 2: I think it was that right, yeah, aging myself. But yeah,

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Speaker 2: how did you know that? You don't even google it.

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Speaker 2: I'm sitting here next to you and you just pull

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Speaker 2: that from somewhere.

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Speaker 1: I love the following things, Sean. I love ships, I

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Speaker 1: love trains, and I love planes. So I'm pretty well covered.

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Speaker 1: If you want to talk about any of those three,

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Speaker 1: I'm okay, good, But that's not what we're here to

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Speaker 1: talk about. Now. We have a couple more stories to

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Speaker 1: get through. A third poultry farm in Victoria has been

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Speaker 1: found to have a bird flu outbreak, but it's not

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Speaker 1: the same strain that has spread globally and raised fears

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Speaker 1: of human transmission.

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Speaker 2: Hundreds of thousands of birds have already been destroyed after

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Speaker 2: bird flu was found at two other farms in Victoria

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Speaker 2: last month. The third farm, which they announced yesterday, is

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Speaker 2: within a few kilometers of the first to report infection.

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Speaker 2: Both have the same H seven N three strain of

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Speaker 2: the virus, while the other farm, the second farm, had

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Speaker 2: the eight seven N nine strain. All three farms are

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Speaker 2: in quarantine.

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Speaker 1: Okay. Turning to international news now, and India's Prime Minister

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Speaker 1: Nearandra Modi is set to win an historic third term

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Speaker 1: in office after a partial vote count published yesterday showed

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Speaker 1: his party and its partners on course to win reelection,

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Speaker 1: albeit with a smaller majority than before.

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Speaker 2: Mody's party, the BJP and its National Democratic Alliance allies

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Speaker 2: were ahead in at least two hundred and ninety three

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Speaker 2: of five hundred and forty three seats in India's lower house,

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Speaker 2: allowing it to secure a third five year term and

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Speaker 2: form the next government. Early trends showed the opposition India

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Speaker 2: Alliance I in Dia Alliance led by the Indian National Congress,

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Speaker 2: performing better than expected and winning two hundred and twenty

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Speaker 2: nine seats. Now we talked about this yesterday. The exit

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Speaker 2: polls which we were talking about that were released over

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Speaker 2: the weekend after the end of voting, had projected the

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Speaker 2: ruling alliance to win many, many more seats. This is

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Speaker 2: a tighter redction than forecast.

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Speaker 1: Israel's right wing coalition clashed for a third consecutive day

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Speaker 1: over a US backed plan to end the war with RMAS,

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Speaker 1: with the ultra nationalist Finance Minister threatening to oust Benjamin Nettnia,

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Speaker 1: who quote with all strength and aggression if the Prime

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Speaker 1: Minister accepted it.

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Speaker 2: Bizalal Smotrich, who heads one of the two extreme right

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Speaker 2: groups in netnya who's five party coalition. So the proposal

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Speaker 2: set out by President jo Biden over the weekend was

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Speaker 2: dangerous and not binding for the Israeli government. If and

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Speaker 2: I quote here, if God forbid, the government decides to

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Speaker 2: adopt this offer of surrender, we will not be part

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Speaker 2: of it and will work to replace the failed leadership

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Speaker 2: with a new one, he said. According to The Financial Times,

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Speaker 2: it's the latest show of anger from Netanya Who's far

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Speaker 2: right allies about a possible deal. Came after the National

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Speaker 2: Security Minister accused Nettnyao who of hiding details of it

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Speaker 2: from him. It's a very challenging political situation in eternally

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Speaker 2: as well as externally for the Israeli government.

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Speaker 1: Yeah, it certainly is. Finally Sean shares in Game Stop

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Speaker 1: surged as much as seventy five percent on Monday night

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Speaker 1: Tuesday morning Australian Time, after a post on Reddit purported

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Speaker 1: to show that Keith Gill, the memestock investor also known

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Speaker 1: of course as Roaring Kitty, had built a position in

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Speaker 1: the struggling video game retailer that was worth two hundred

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Speaker 1: and sixty million dollars by the close of trading.

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Speaker 2: Yes. The sharp rise came after Gill's account posted a

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Speaker 2: picture over the weekend that appeared to show he had

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Speaker 2: taken a share stake in options position in GameStop the

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Speaker 2: retailer No GameStop share price leapt through much of the day,

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Speaker 2: though it did close only up twenty one percent. The

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Speaker 2: day trader Roaring Kitty or Keith gill Or. It was

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Speaker 2: actually on Reddit, so he's His name on Reddit is

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Speaker 2: deep something value and the something starts with F, so

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Speaker 2: I'll let you use imagination on that one. He was

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Speaker 2: at the center of the met Team stock mania in

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Speaker 2: twenty twenty one, when his social media posts encouraged millions

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Speaker 2: of others to pile into the stock and squeeze out

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Speaker 2: hedge funds betting on a share price decline. After a

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Speaker 2: three years silence, gil reappeared last month on social media

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Speaker 2: site x sending game stop shares storing again. That rally

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Speaker 2: quickly fizzled out. Then we think it was him on

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Speaker 2: Reddit and game stops shares surged another seventy five percent.

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Speaker 1: He's quite crazy, yeah, and that story just keeps on

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Speaker 1: going up. Next is the Fear and Greed Daily Interview.

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Speaker 1: Your guest today, Alan Kirkland, ACCID commissioner.

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Speaker 2: All about their campaign to get people who are struggling

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Speaker 2: to make loan repayments to reach out to their lenders,

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Speaker 2: and it's very important people do that. About fifty percent,

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Speaker 2: almost fifty percent, have struggled to make repayments, so you're

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Speaker 2: certainly not on your own if you're struggling to make

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Speaker 2: repayments and your lender can help you.

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Speaker 1: Yeah. Indeed, it is up next in the Fear and

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Speaker 1: Greed playlist on your podcast platform or at Fearangreed dot

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00:21:56,880 --> 00:21:58,560
Speaker 1: com dot au, which is also where you can sign

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Speaker 1: up for the newsletter, which will be arriving in the

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Speaker 1: next couple of hours. And also today, being Wednesday, there's

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Speaker 1: a new episode of How Do They Afford That? Out today.

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Speaker 1: Our sister podcast all about making your money work a

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Speaker 1: bit harder for you Today, where answering a listener question

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Speaker 1: about financial priorities, basically whether you should kind of try

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Speaker 1: and pay down your mortgage first, or get your super sortied,

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Speaker 1: or kind of build up your savings a little bit,

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Speaker 1: or whether you should be getting investing. How you kind

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Speaker 1: of weigh up these various things, and especially if there's

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Speaker 1: a limited money to go around, what you should be

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Speaker 1: putting your money into first. So it's a really interesting conversation.

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Speaker 1: Put a link to that one in today's show notes

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Speaker 1: and you can find how do they afford that? Wherever

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Speaker 1: you listen to podcasts? Thank you Sean, Thank you Michael.

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Speaker 1: It is Wednesday, the fifth of June twenty twenty four.

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Speaker 1: Make sure you're following the podcast and please join us

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Speaker 1: online on LinkedIn, Instagram, x TikTok and Facebook. I'm Michael

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Speaker 1: Thompson and that was fear and greed. Have a great day.