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In this episode, Paige Estritori of Financial Services Online shares important updates from Australia's finance industry. Westpac Banking Corporation is set to resolve a class-action lawsuit over auto finance practices with an $81.84 million settlement, echoing ANZ Bank's similar case last year. Meanwhile, MotorCycle Holdings Limited has reported a significant increase in new motorcycle sales this year, despite a drop in net profit after tax from their finance joint venture. The episode also covers Australia's insurance industry, discussing an alarming increase in mental health-related claims and how it's prompting insurers to reassess their strategies. Criticism faces Australian Super for delays in processing claims, particularly those associated with mental health. The episode ends with a reminder for listeners to stay informed and thoroughly review their insurance policies and loan terms.n
