Economy
All the latest in government, politics, markets, policies, global events and broader trends that are impacting your money.
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Australia's latest Consumer Price Index (CPI) figures have sent ripples through the economy, with headline inflation accelerating to 3.8% year-on-year in October, up from 3.6% in September. The data, released as part of the country's first monthly CPI read, has sparked concerns about the persistence of underlying inflationary pressures, particularly in the housing sector.
" ["fulltext"]=> string(3574) "Market Analyst at eToro, Farhan Badami, highlighted the significance of the trimmed mean, which surged to 3.3% – the highest since May. "That’s the highest trimmed mean read since May, signalling that underlying inflation is proving far stickier than hoped," Badami noted. The persistent inflationary pressures are evident in the housing market, where annual inflation is running at 5.9%, with rents up by 4.2%. Even a sharp 10.2% fall in electricity prices has failed to alleviate the financial burden on households.
The impact of these inflationary pressures is acutely felt by young Australians aspiring to own homes. "The sad news for young Australians is that the prospect of home ownership continues to drift further away," Badami remarked. Existing homeowners, too, face challenges, as mortgage repayments are unlikely to decrease in the near future. For everyday households, the October inflation figures merely affirm the financial strain they experience on a weekly basis.
The Australian dollar, however, saw a modest lift following the CPI release, providing a small boon for those planning overseas trips or holding positions in export stocks. Yet, the broader implications of the inflation data extend to monetary policy. The Reserve Bank of Australia (RBA) had already anticipated a slow return to the 2-3% inflation target, and the latest figures suggest an even more prolonged recovery period. "This pretty much confirms the RBA's easing cycle might be over before it really started," Badami said, indicating that the cash rate could remain at 4.35% through mid-2026. If inflationary pressures persist, there may even be pressure on the RBA to increase rates.
The labour market is also feeling the effects of inflation, as wage growth remains steady but shows signs of slowing. Ben Thompson, CEO and co-founder of Employment Hero, observed, "Wage growth holding steady this quarter suggests the market is finding its balance." The median total hourly rate has reached $45.20, as employers carefully manage pay rises amid higher labour costs. However, year-on-year wage growth has dipped, with Employment Hero's platform data revealing a 4.8% increase in October, compared to 5% in 2024.
Thompson attributed the slower wage growth to the challenges businesses face in navigating layers of legislation and compliance costs. "It’s never been a more expensive or confusing time to be an employer," he stated. Despite these challenges, businesses are striving to remain competitive and keep their operations afloat.
The inflationary pressures are causing unease among employers, as highlighted by Martin Herbst, CEO of JobAdder. "Inflation ticking up again will make employers nervous, and the labour market is already showing signs of strain," Herbst noted. JobAdder's data indicates that economic uncertainty remains a top challenge for 52% of recruitment agencies, while fee pressure affects 43% of firms.
The current job market is characterised by workers staying put, as changing jobs feels uncertain. Herbst emphasised the need for recruiters to build trust with candidates and help employers regain confidence in investing in their labour force. "The opportunities are out there, and it’s a great time to find talent, but we need to meet the market where it is," he said.
As Australia grapples with rising inflation and its impact on various sectors, policymakers, employers, and workers alike will need to navigate these challenges carefully to ensure economic stability and growth.
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Australia's latest Consumer Price Index (CPI) figures have sent ripples through the economy, with headline inflation accelerating to 3.8% year-on-year in October, up from 3.6% in September. The data, released as part of the country's first monthly CPI read, has sparked concerns about the persistence of underlying inflationary pressures, particularly in the housing sector.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(88) "/invest-money/economy/inflation-concerns-rise-as-australias-cpi-climbs-to-3-8-in-october" ["image"]=> string(101) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1764321241/Martin_hs_x6bxd9.jpg" ["image_alt"]=> string(68) "Inflation concerns rise as Australia's CPI climbs to 3.8% in October" } [1]=> object(stdClass)#9591 (57) { ["id"]=> int(19421) ["title"]=> string(70) "October CPI results pose challenges for RBA’s monetary policy stance" ["alias"]=> string(68) "october-cpi-results-pose-challenges-for-rba-s-monetary-policy-stance" ["introtext"]=> string(396) "In a surprising turn of events, the October Consumer Price Index (CPI) data has raised eyebrows among economists and market strategists, revealing stronger-than-expected inflationary pressures in Australia. The figures, released earlier this week, have intensified the debate over the Reserve Bank of Australia's (RBA) monetary policy direction amidst persistent inflationary challenges.
" ["fulltext"]=> string(3333) "Krishna Bhimavarapu, an APAC Economist at State Street Investment Management, expressed his concerns regarding the latest CPI figures. "October CPI surprised on the upside, with electricity prices once again doing the heavy lifting as the timing of household rebate usage continued to distort the picture," he noted. Bhimavarapu highlighted that rents also came in firmer than anticipated, defying expectations of a sequential decline. "Prices held flat—an outcome that underscores persistent inflationary pressures," he added.
The report has reinforced expectations that the RBA will maintain its current extended hold on interest rates. However, Bhimavarapu pointed out a potential counterbalance to the inflation narrative. "The sharp downside surprise in Q3 construction work done could weigh on GDP growth, introducing a counterpoint to the inflation narrative, unless residential activity is an upswing which could negate the impact of the drag from engineering work done," he explained.
Dwyfor Evans, Head of APAC Macro Strategy at State Street Markets, also weighed in on the implications of the October CPI data. "The Australian October CPI report beat forecasts on both headline and trimmed mean as the continued strong price backdrop evidenced in the State Street PriceStats series challenges the Reserve Bank’s monetary policy stance," Evans stated. He suggested that the RBA is likely to interpret this release as further evidence of entrenched price pressures within the economy, which complicates any move towards easing monetary policy.
Evans elaborated on the cautious approach the RBA is expected to adopt in response to the data. "In all likelihood, the RBA will take this release as further evidence of price pressures in the economy that do not lend to easier policy and suggests a cautious approach to rates for the foreseeable future," he said. This outlook aligns with market pricing in the Overnight Index Swaps (OIS), which indicates only modest rate cuts anticipated over the next six months.
The implications of the CPI data extend beyond monetary policy, potentially impacting the Australian dollar (AUD) as well. "This should continue to provide support for the AUD with real money investors already overweight the currency," Evans commented, highlighting the currency's resilience in light of the current economic backdrop.
The unexpected strength in the CPI data has sparked discussions among economists and policymakers about the RBA's next steps. With inflationary pressures persisting, the central bank faces a challenging balancing act between addressing price stability and supporting economic growth. As the RBA navigates these complexities, the October CPI figures serve as a stark reminder of the ongoing economic uncertainties faced by Australia.
The latest CPI data not only underscores the challenges confronting the RBA but also highlights the broader economic dynamics at play. As electricity prices and rents continue to exert upward pressure on inflation, the central bank's cautious stance is likely to persist in the coming months. The evolving economic landscape will be closely monitored by market participants and policymakers alike as they assess the implications for monetary policy and the broader Australian economy.
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In a surprising turn of events, the October Consumer Price Index (CPI) data has raised eyebrows among economists and market strategists, revealing stronger-than-expected inflationary pressures in Australia. The figures, released earlier this week, have intensified the debate over the Reserve Bank of Australia's (RBA) monetary policy direction amidst persistent inflationary challenges.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(90) "/invest-money/economy/october-cpi-results-pose-challenges-for-rba-s-monetary-policy-stance" ["image"]=> string(115) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1764320975/pexels-karola-g-7876498_x4zc1z.jpg" ["image_alt"]=> string(70) "October CPI results pose challenges for RBA’s monetary policy stance" } [2]=> object(stdClass)#9590 (57) { ["id"]=> int(19377) ["title"]=> string(81) "Global deal activity declines by 6% amid economic uncertainty, reports GlobalData" ["alias"]=> string(79) "global-deal-activity-declines-by-6-amid-economic-uncertainty-reports-globaldata" ["introtext"]=> string(482) "In a year characterised by economic turbulence and evolving market conditions, global deal activity has witnessed a notable downturn during the first ten months of 2025. According to GlobalData, a prominent data and analytics company, the total number of deals announced globally, encompassing mergers and acquisitions (M&A), private equity, and venture financing, has decreased by 6% year-on-year (YoY) from January to October 2025 compared to the same period in 2024.
" ["fulltext"]=> string(3758) "GlobalData's comprehensive analysis of its Deals Database highlights a consistent downward trend across all deal types. M&A deal volume experienced a 4% decline during the January-October 2025 period compared to the previous year. Simultaneously, the number of venture financing deals and private equity deals saw YoY reductions of 6% and 16%, respectively.
Aurojyoti Bose, Lead Analyst at GlobalData, provided insight into the current market sentiment, stating, “The contraction in total volume of deals across all categories indicates a broader trend of cautiousness prevailing among dealmakers in a challenging market environment. This cautious sentiment is also echoed in all the regions and across most of the key markets, underscoring a growing wariness driven by macroeconomic factors and geopolitical tensions.”
The decline in deal activity is not confined to a single region but is evident across the globe. North America experienced a 3% YoY decline in deal volume, while the Asia-Pacific region reported a 4% decrease. Europe faced a more significant drop of 9%, and the Middle East and Africa saw an 11% decline. South and Central America reported a 10% reduction in deal volume during the same period.
A closer examination of key markets reveals varying degrees of impact. The United States, a dominant player in the global deal landscape, witnessed a modest decrease of 2% in deal activity. In contrast, the United Kingdom faced a more pronounced decline of 12%. China, another major market, saw its deal volume decrease by 1% YoY.
Other significant markets, including Canada, Germany, Australia, France, South Korea, Brazil, and the UAE, also reported declines, further emphasising the widespread impact of the current economic climate.
Despite the overall downturn, there are exceptions to the trend. India and Japan emerged as bright spots, recording growth rates of 4% in deal activity. This suggests that these markets may possess a degree of resilience in the face of global challenges. The positive growth in India and Japan highlights the uneven nature of the trend across different regions, with some markets managing to maintain, or even increase, their momentum amid global uncertainties.
Bose further elaborated on the regional disparities, noting, "These figures highlight the uneven trend across different regions, with some markets struggling to maintain momentum amid global uncertainties." The varied performance across regions and markets underscores the complexity of the current global economic landscape, where local factors can significantly influence deal activity.
The decline in deal activity is reflective of a broader sense of caution among dealmakers, driven by a combination of macroeconomic factors and geopolitical tensions. The economic environment has prompted many companies to adopt a wait-and-see approach, delaying or scaling back potential deals until there is greater clarity and stability.
This cautious approach is mirrored in the sentiments of industry experts and analysts who are closely monitoring the evolving situation. The global economic landscape remains fraught with uncertainties, from inflationary pressures and interest rate fluctuations to geopolitical tensions and supply chain disruptions. These factors continue to weigh heavily on the decision-making processes of dealmakers worldwide.
As the year progresses, stakeholders in the global deal landscape will be closely watching for signs of recovery or further decline. The ability of markets to adapt to the changing conditions and navigate the challenges ahead will be crucial in determining the trajectory of deal activity in the coming months.
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In a year characterised by economic turbulence and evolving market conditions, global deal activity has witnessed a notable downturn during the first ten months of 2025. According to GlobalData, a prominent data and analytics company, the total number of deals announced globally, encompassing mergers and acquisitions (M&A), private equity, and venture financing, has decreased by 6% year-on-year (YoY) from January to October 2025 compared to the same period in 2024.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(101) "/invest-money/economy/global-deal-activity-declines-by-6-amid-economic-uncertainty-reports-globaldata" ["image"]=> string(118) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1763707095/pexels-alesiakozik-6770610_ryiutx.jpg" ["image_alt"]=> string(81) "Global deal activity declines by 6% amid economic uncertainty, reports GlobalData" } [3]=> object(stdClass)#9589 (57) { ["id"]=> int(19214) ["title"]=> string(107) "Australia’s softening labour market puts another RBA cut in play — here’s what business should do now" ["alias"]=> string(97) "australias-softening-labour-market-puts-another-rba-cut-in-play-heres-what-business-should-do-now" ["introtext"]=> string(497) "A four-year high in unemployment has revived expectations the Reserve Bank could deliver another rate cut as soon as November. With quarterly GDP growth running at 0.6 per cent and annual growth at 1.8 per cent to June 2025, the data points to a cooling economy rather than a contraction. For corporate Australia, the strategic question isn’t whether a cut happens — it’s how to use a lower cost of capital to sharpen competitiveness without misreading the cycle.
" ["fulltext"]=> string(8023) "Key implication: A modest loosening path is back on the table. The budget papers note the RBA Board reduced the cash rate in February, and the latest rise in unemployment increases the probability of a follow-up cut. That combination puts refinancing, selective growth capex and productivity investment — particularly in automation and AI — into the money for well-prepared balance sheets.
1) Policy reaction function: what the labour data is really signalling
Australia’s unemployment rate climbed to its highest since late 2021, reinforcing an outlook of gradual labour market easing rather than a sharp downturn. The Reserve Bank’s Statement on Monetary Policy (August 2024) framed this explicitly: “The labour market will continue to ease at a gradual pace but will stabilise following the pick-up in GDP growth.” The February 2025 Statement reiterated that unemployment was likely to drift a little higher before stabilising.
On growth, national accounts show GDP rose 0.6 per cent in the June quarter 2025 and 1.8 per cent annually versus June 2024, pointing to subdued but positive momentum. Combine slower hiring with positive growth and you get classic pre-cut conditions: slack building, inflation pressures easing, and policy space to support demand. Markets have been primed to read weaker labour prints as dovish — equities typically firm on such days as discount rates nudge lower.
2) P&L and cash flow: translating 25–50 bps into earnings
Rate cuts operate through three commercial channels: cost of capital, consumer demand and asset valuations.
- Cost of capital: A 25 bps cut can reduce interest expense by roughly $2.5 million annually on $1 billion of floating-rate debt. For a mid-cap with $200 million variable exposure, that’s ~$0.5 million pre-tax — often enough to tip projects over the hurdle rate.
- Demand: Lower mortgage servicing costs tend to lift discretionary spend with a lag, especially in east-coast housing-centric corridors. Even a marginal uptick in household consumption can swing inventory turns and pricing power in retail.
- Valuations: Lower discount rates lift DCF valuations; for long-duration cash flows (tech, infrastructure, healthcare), modest WACC moves can be material.
Practical lens for CFOs: recalibrate WACC and re-run project IRRs at -25 bps and -50 bps scenarios. Identify projects that shift from marginal to value-creating — and prepare procurement and delivery capacity now, not after the decision.
3) Competitive advantage: early movers bank the spread
In easing cycles, timing is a moat. Three plays tend to outperform:
- Refinance opportunistically: Lock in term debt before the cycle fully prices cuts. Treasurers should extend duration selectively, reducing 2026–27 maturity cliffs. The RBA’s forthcoming enhancements to statistical tables on open market operations improve rate transparency, aiding hedge calibration.
- Capex sequencing: Pull forward productivity-heavy investments that compound — warehouse automation, energy efficiency retrofits and logistics optimisation. With hurdle rates easing, the ROI window widens.
- Marketing and pricing agility: As demand stabilises, rapid A/B pricing and customer reactivation spend can drive share gains without heavy discounting.
A contrarian note: don’t rush to expand fixed cost bases. The labour market is easing, not re-tightening. Flex capacity and variable cost models retain option value if demand disappoints.
4) Sector lens: who wins first, who needs guardrails
Property and construction: Lower rates should ease financing costs and support presales sentiment, but labour availability is improving, not surging. Developers should emphasise staged releases and pre-commit thresholds to manage cycle risk.
Retail and consumer: Expect a gradual rebound in discretionary categories if mortgage stress relents. Merchandisers should deploy data-led assortment rationalisation and dynamic markdowns to protect margin as volumes recover.
SMEs and venture: Funding conditions have begun to thaw since the February cut noted in the 2025–26 Budget, and another reduction would further normalise deal terms. However, founders should treat any valuation uplift as runway, not a windfall.
Exporters: A dovish RBA can soften the Australian dollar at the margin, improving competitiveness. CFOs should revisit hedging ratios to balance price advantage with earnings visibility.
5) Implementation reality: a playbook for the next 90 days
- Balance sheet: Ladder maturities, diversify lenders, and stress-test covenants at +100 bps and -100 bps around base. Use swaps/caps to define an acceptable rate corridor.
- Working capital: Tighten receivables cycles now to avoid funding growth on stretched terms when demand improves.
- Capital allocation: Institute a rolling “cut-counting” investment gate — tranche approvals contingent on realised policy moves, not headlines.
- Labour strategy: Use the easing market to upgrade talent density. Replace vacancy backfills with higher-skill hires that support automation and analytics.
6) Technology investment: use a cheaper hurdle to commercialise AI
Australia’s AI ecosystem remains heavy on adoption and light on commercialisation, according to a June 2025 review of local AI growth and opportunities. Lower rates can help close that gap by improving the economics of scaling pilots into production. The Australian Taxation Office’s governance work underscores that “general purpose” systems need clear guardrails; firms should align with Australia’s AI Ethics Principles to de-risk deployments for customers and regulators.
Where to invest first:
- Revenue engines: Personalisation models for upsell/cross-sell in retail and banking; these typically show paybacks within 6–12 months at meaningful scale.
- Cost take-out: Back-office automation (AP/AR matching, claims triage), contact centre augmentation and predictive maintenance in asset-heavy sectors.
- IP defensibility: Apply for and protect proprietary models/data pipelines; recent IP Australia case studies highlight the importance of early protection when scaling internationally.
Boards should demand model risk management, audit trails and clear ROI gates. A lower policy rate is not a substitute for disciplined AI governance.
7) Outlook and scenarios: calibrating for 2025
Base case: One additional 25 bps cut by year-end remains plausible given the rising unemployment and modest growth backdrop. The RBA has consistently telegraphed a gradual easing and stabilisation in the labour market rather than a bounce.
Upside case: If GDP momentum improves beyond 0.6 per cent q/q and labour demand firms, the Bank may pause to assess pass-through before resuming any further easing.
Downside case: A sharper labour market deterioration would argue for faster support, but policy will be constrained by inflation persistence and the Bank’s desire to preserve credibility.
What to watch: ABS monthly labour force data for underemployment and participation shifts; wage growth prints; retail trade and housing finance approvals as early cycle indicators; and RBA communications in speeches and minutes. Internationally, divergent global policy paths will influence the AUD and imported inflation, shaping how far and fast the RBA can move.
Bottom line for leaders: Treat a potential November cut as a catalyst, not a crutch. Use the window to refinance, fund productivity, and push high-ROI digital and AI programmes through clear governance. In a gentle easing cycle, the edge goes to operators who can monetise a slightly cheaper dollar into materially better unit economics.
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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, proper" ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2025-11-06 22:00:38" ["slug"]=> string(103) "19214:australias-softening-labour-market-puts-another-rba-cut-in-play-heres-what-business-should-do-now" ["event"]=> object(stdClass)#10097 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "- Yes
A four-year high in unemployment has revived expectations the Reserve Bank could deliver another rate cut as soon as November. With quarterly GDP growth running at 0.6 per cent and annual growth at 1.8 per cent to June 2025, the data points to a cooling economy rather than a contraction. For corporate Australia, the strategic question isn’t whether a cut happens — it’s how to use a lower cost of capital to sharpen competitiveness without misreading the cycle.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(119) "/invest-money/economy/australias-softening-labour-market-puts-another-rba-cut-in-play-heres-what-business-should-do-now" ["image"]=> string(121) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1762417031/pexels-sora-shimazaki-5668869_lf5oyr.jpg" ["image_alt"]=> string(107) "Australia’s softening labour market puts another RBA cut in play — here’s what business should do now" } [4]=> object(stdClass)#9588 (57) { ["id"]=> int(19205) ["title"]=> string(82) "Rising CPI reinforces RBA’s stance as rate cut expectations remain: State Street" ["alias"]=> string(79) "rising-cpi-reinforces-rba-s-stance-as-rate-cut-expectations-remain-state-street" ["introtext"]=> string(241) "State Street Global Advisors says the Reserve Bank of Australia (RBA) is likely to hold its current policy outlook following the release of September quarter inflation data, which showed an unexpected uptick in underlying inflation.
" ["fulltext"]=> string(1511) "State Street Investment Management APAC economist Krishna Bhimavarapu said the latest Consumer Price Index (CPI) data “carried a sting in the tail for Q3”, as the trimmed mean CPI rose annually for the first time since December 2022, offsetting recent signs of softness in the labour market.
“Today’s CPI data carried a sting in the tail for Q3, as the trimmed mean CPI rose annually for the first time since December 2022,” Mr Bhimavarapu said.
“This more than offsets the impact of the recent rise in unemployment and provides enough justification for the RBA to maintain their outlook.”
He noted that the largest jump in property rates since 2014 was a key contributor to the rise in prices, alongside higher electricity and alcohol and tobacco costs.
“The largest jump in property rates since 2014 is worrying, but under the hood the jump was also led by electricity prices – muddied by subsidies and annual reviews. Alcohol and tobacco prices also contributed but, the drop in insurance premiums is significant and is quite welcome,” Mr Bhimavarapu said.
Despite persistent inflation pressures, Mr Bhimavarapu said the labour market’s weakness could prove more structural, warranting caution.
“Nevertheless, we continue to stress caution, as the increase in unemployment appears more structural—particularly against a challenging global backdrop. For this reason, we continue expecting one rate cut by December,” he said.
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State Street Global Advisors says the Reserve Bank of Australia (RBA) is likely to hold its current policy outlook following the release of September quarter inflation data, which showed an unexpected uptick in underlying inflation.
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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(101) "/invest-money/economy/rising-cpi-reinforces-rba-s-stance-as-rate-cut-expectations-remain-state-street" ["image"]=> string(120) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1762160961/pexels-mikhail-nilov-6930431_tvjkdu.jpg" ["image_alt"]=> string(82) "Rising CPI reinforces RBA’s stance as rate cut expectations remain: State Street" } [5]=> object(stdClass)#9587 (57) { ["id"]=> int(19128) ["title"]=> string(72) "NSW SES boosts tsunami preparedness ahead of World Tsunami Awareness Day" ["alias"]=> string(72) "nsw-ses-boosts-tsunami-preparedness-ahead-of-world-tsunami-awareness-day" ["introtext"]=> string(370) "As World Tsunami Awareness Day approaches on 5 November, the New South Wales State Emergency Service (NSW SES) is ramping up efforts to enhance tsunami preparedness along the east coast. Despite the infrequent occurrence of tsunamis in Australia, the potential impact of such events could be catastrophic, underscoring the importance of awareness and readiness.
" ["fulltext"]=> string(3756) "NSW SES Deputy Commissioner Daniel Austin emphasised the critical role of preparation, noting, "While the likelihood of a tsunami in NSW is low, it’s not zero. A tsunami could happen when we least expect it and the impacts could be devastating." This sentiment drives the agency's ongoing efforts to prepare for the possibility, ensuring that both the SES and local communities are ready to respond effectively.
The historical record shows over 50 incidents of tsunamis in Australia, though many were minor. However, since 2007, NSW has experienced at least seven marine-threat tsunamis from earthquakes and one from a volcanic source, highlighting the region's vulnerability.
In a recent exercise, more than 70 members from the NSW SES City of Sydney and Canterbury Units participated in a simulation designed to practise response operations following a tsunami warning. This included a specialist incident management team formed at the City of Sydney Unit and field crews deploying to high-risk locations such as The Rocks, Sydney Opera House, and Barangaroo. These teams were tasked with delivering critical evacuation messaging and assessing preparedness.
"Exercises like this are important to ensure members are on the same page and confident in enacting their local response plans. It’s also a great opportunity to engage with communities about tsunami preparedness," Deputy Commissioner Austin said, highlighting the dual focus on internal readiness and community engagement.
In addition to the simulation, NSW SES is organising community engagement events along the east coast leading up to World Tsunami Awareness Day. These events provide a platform for residents to learn about their tsunami risk, safety measures, and preparedness strategies. The events are scheduled as follows:
- City of Sydney Unit: Government House, Sunday 2 November, 10am to 4pm
- Randwick Unit: Maroubra and Coogee Beach, Sunday 2 November, 7am to 3pm
- Manly Unit: Manly Beach, Sunday 2 November, 9:30am to 1:30pm
- Waverley-Woollahra Unit: Bondi Pavilion and Lyne Park, Rose Bay, Sunday 2 November, 9am to 3:30pm
- Mosman Unit: Balmoral Beach, Sunday 2 November, 7am to 12pm
- Ballina Unit: Ballina Marine Rescue Tower, Sunday 2 November, 8am to 10am
- City of Newcastle Unit: Nobby’s Beach, Wednesday 5 November, 10am to 2pm
- Swansea Unit: Swansea RSL and Swansea Shopping Centre, Wednesday 5 November, 9am to 3pm
Deputy Commissioner Austin stressed the importance of community awareness, particularly for those residing along the coast. "We want everyone to understand the warning signs and know what to do if a tsunami warning is issued," he stated. He urged residents to use the Tsunami Evacuation Area Interactive Map to assess their risk level and to explore safe preparedness, response, and recovery actions on the NSW SES website.
In the event of a marine and immediate foreshore threat, the SES advises the community to move away from beaches and estuaries. For land inundation threats, people should head to higher ground at least ten metres above sea level or move at least one kilometre away from coastal areas. Additionally, boats in harbours or shallow waters should return to shore, while those already at sea should remain offshore in waters at least 25 metres deep until further notice.
Through these initiatives, the NSW SES aims to bolster both organisational readiness and public awareness, ensuring that communities are better equipped to handle the challenges posed by potential tsunamis. For more information on tsunami risk and preparation, residents are encouraged to visit the NSW SES website.
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As World Tsunami Awareness Day approaches on 5 November, the New South Wales State Emergency Service (NSW SES) is ramping up efforts to enhance tsunami preparedness along the east coast. Despite the infrequent occurrence of tsunamis in Australia, the potential impact of such events could be catastrophic, underscoring the importance of awareness and readiness.
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NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#10148 (33) { ["id"]=> int(9) ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> int(2351) ["ordering"]=> int(0) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#9778 (3) { ["data":protected]=> object(stdClass)#9768 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#9771 (3) { ["data":protected]=> object(stdClass)#9776 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(3) ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#10146 (33) { ["id"]=> int(4) ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> int(2351) ["ordering"]=> int(1) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#9775 (3) { ["data":protected]=> object(stdClass)#9773 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#9774 (3) { ["data":protected]=> object(stdClass)#9802 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#10134 (33) { ["id"]=> int(6) ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> int(2351) ["ordering"]=> int(2) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#9770 (3) { ["data":protected]=> object(stdClass)#9804 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#9801 (3) { ["data":protected]=> object(stdClass)#9806 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#10155 (33) { ["id"]=> int(3) ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> int(2351) ["ordering"]=> int(3) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#9803 (3) { ["data":protected]=> object(stdClass)#9811 (1) { ["options"]=> object(stdClass)#9809 (2) { ["options0"]=> object(stdClass)#9808 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#9810 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#9805 (3) { ["data":protected]=> object(stdClass)#9813 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#10051 (33) { ["id"]=> int(5) ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> int(2351) ["ordering"]=> int(4) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#9807 (3) { ["data":protected]=> object(stdClass)#9815 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#9812 (3) { ["data":protected]=> object(stdClass)#9817 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#10154 (33) { ["id"]=> int(2) ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> int(2351) ["ordering"]=> int(5) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#9814 (3) { ["data":protected]=> object(stdClass)#9819 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#9816 (3) { ["data":protected]=> object(stdClass)#9821 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(94) "/invest-money/economy/nsw-ses-boosts-tsunami-preparedness-ahead-of-world-tsunami-awareness-day" ["image"]=> string(100) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1761609280/IMG_2786_n3kx4d.jpg" ["image_alt"]=> string(72) "NSW SES boosts tsunami preparedness ahead of World Tsunami Awareness Day" } }Subscribe to our newletters
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