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hang on23 jun 2026

did money really just do that?

a massive coal minejust got thegreen light

via reneweconomy.com.au
what it means for you

our climate targets are slipping out of reach while koala habitats are suffering for it.

tl;dr

the queensland government approved bhp's saraji east mine which will produce 110 million tonnes of coal and clear 136 hectares of habitat.

the full story

the queensland state government has officially signed off on the saraji east coal mine, a massive underground project southwest of mackay. run by bhp and mitsubishi, the mine is expected to operate for 20 years and will release over 330 million tonnes of climate pollution into the atmosphere. last year, the government actually called the project's emissions plan too vague, but they have now pushed it through regardless.

for us, this highlights a massive disconnect between official climate goals and actual ground-level decisions. while the world tries to shift toward renewables, this project clears land home to 11 threatened species, including koalas and greater gliders. it is a reminder that the companies often sitting in your super or big etfs are still locking in fossil fuel projects for the next two decades.

go deeper: the beginners guide to sustainable investing

your super'sabout to jumpevery payday

via sbs.com.au
what it means for you

that means the boss can't ghost your retirement fund anymore.

tl;dr

from july 1, 2026, employers must pay super at the same time as wages to stop $6.2 billion going unpaid annually.

the full story

for years, companies only had to cough up your super once every three months. it made it way too easy for bosses to 'forget' payments or go bust before the money ever hit your account. this new payday super law forces them to pay up every time you get your slip, and the cash has to land in your fund within seven days.

because that money hits your account earlier, it starts compounding way sooner. experts reckon a typical worker could end up [[$9,400]] better off by the time they finish working just because of the timing. it also makes it much easier for you to spot if you're being underpaid in real-time.

go deeper: super basics for your twenties

your bank'sscam protectionis failing

via businessnewsaustralia.com
what it means for you

user scam reports left in lieu for over

tl;dr

the federal court ordered hsbc to pay $35 million for failing to protect customers from scams and taking months to investigate reports.

the full story

hsbc just got hit with a massive penalty after the corporate watchdog found their internal systems were basically wide open to unauthorised payments for years. between 2020 and 2024, customers reported over a thousand scams that drained nearly $35 million, but the bank's response was incredibly slow. on average, it took them almost five months to actually finish an investigation, leaving people in limbo without their cash.

this is a huge signal to every big bank in australia that scam protection isn't just a courtesy, it is a legal requirement. hsbc has already had to pay back $21.5 million to victims, and this $35 million fine is meant to be a wake-up call. keep an eye on your own banking app's security settings, because the pressure is now on for banks to actually stop these transfers before they happen.

go deeper: portfolio transparency impact investing australia

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