Rex sued for ‘deceptive’ conduct; D istressed home sales starting to rise

Good afternoon,

Questions have been raised about the Albanese government’s decision to throw Rex a $80m lifeline despite knowing the airline was being investigated by the corporate regulator for deceptive and misleading conduct.

The judge hearing the ACCC’s case against Woolworths and Coles over alleged fake discounts says it’s ‘absurd’ to argue over all 250 grocery products identified as ‘fake’ by the regulator as the case snakes its way through the Federal Court.

Higher for longer interest rates have triggered a rebound in distressed sales, with Victoria leading the pack.