David Leane

Should You Buy Tesla’s Full Self-Driving Now Before It Turns Subscription-Only?

David Leane on February 21, 2026

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Brief Overview

Tesla’s Full Self-Driving (FSD) will transition to subscription-only in Australia starting April 2026.
Existing owners have until March 31, 2026, to buy FSD outright for A$10,100.
The subscription model will be priced at $149 per month after that.
FSD (Supervised) is available, while FSD (Unsupervised) is encountering legal issues in Australia.
There is potential for earnings through Tesla’s Robotaxi Network, differing for buyers and subscribers.

Tesla’s FSD Shift in Australia

As Tesla advances towards fully autonomous vehicles, Tesla owners in Australia have a major choice to make. The chance to buy Tesla’s Full Self-Driving (FSD) software outright for A$10,100 will close on March 31, 2026, with a shift to a subscription model costing $149 per month.

FSD Editions and Availability

At present, Australian Tesla owners are utilizing FSD V13, whereas the US is benefitting from the advanced V14.x. Speculation suggests that V14 could be available in Australia by April 2026, aligning with the subscription transition. For HW3 vehicle owners, V14 lite is expected, though it is still unclear if a hardware upgrade will be necessary for FSD (Unsupervised).

Financial Considerations

Acquiring FSD outright is financially advantageous for those intending to retain their vehicle for more than 67 months. The breakeven timeline for the A$10,100 purchase is about 5 years and 8 months. After this point, owners may have the opportunity to gain income from Tesla’s Robotaxi Network, benefiting from the first ride without facing future price increases.

Legal Considerations Surrounding FSD in Australia

FSD (Unsupervised) is contending with regulatory obstacles in Australia. The Automated Vehicle Safety Law, which is still awaiting approval, impacts its rollout. For example, Victoria’s existing ADS Permit program requires a Vehicle Supervisor, hindering completely autonomous operation until revisions occur. This regulatory environment presents challenges for the adoption of FSD (Unsupervised).

Conclusion

Australian Tesla owners contemplating FSD are faced with a key decision amid the approaching switch to a subscription model. It is crucial to assess the financial ramifications, potential income, and regulatory challenges. For those who prefer to own FSD outright, the time to make a move is now.

FAQs

Q: When is the last day to buy Tesla’s FSD outright in Australia?

A: The last day is March 31, 2026.

Q: What will the FSD subscription price be in Australia after April 2026?

A: The subscription will be priced at $149 monthly.

Q: What version of FSD is currently available in Australia?

A: Australian Tesla owners have access to FSD V13 currently.

Q: Is FSD (Unsupervised) legally operable in Australia?

A: No, it currently faces serious regulatory challenges, and existing laws mandate a Vehicle Supervisor.

Q: What is the financial breakeven period for purchasing FSD outright?

A: The breakeven period is about 5 years and 8 months.

Q: Can owners generate income through Tesla’s Robotaxi Network?

A: Yes, owners can potentially earn through the network, starting to earn from the first ride if purchased outright.

Q: What does V14 lite refer to?

A: V14 lite is a streamlined version expected for HW3 vehicles, projected for Q2 2026.

Qantas Restructures Its Technology Leadership Team

David Leane on February 21, 2026

Qantas Restructures Its Technology Leadership Team

Qantas’ Leadership Strategy Update

Quick Overview

Rachel Yangoyan appointed as Qantas’ chief technology, AI and transformation officer.
Yangoyan has been with Qantas for nearly 23 years, previously serving as CEO of QantasLink.
Former group CIO Andrew Walduck steps down after a two-year tenure.
Qantas plans to recruit a distinct chief AI officer.
This leadership alteration aligns with a comprehensive head office reorganization.

Leadership Shift at Qantas

Qantas has revealed a considerable shift in its technology leadership by appointing Rachel Yangoyan as the new chief technology, AI and transformation officer. This initiative is part of a broader strategy to improve the airline’s technological capacities and enhance operational efficiency amidst a significant head office reorganization.

About Rachel Yangoyan

With almost 23 years of service at Qantas, Yangoyan rises from her latest position as CEO of QantasLink. Her vast experience within the airline gives her a profound knowledge of the company’s operations and strategic objectives. Yangoyan is responsible for managing IT, technology, AI strategy, data analysis, and transformation initiatives.

The Exit of Andrew Walduck

Yangoyan takes over from Andrew Walduck, who was the group CIO for two years. Walduck, recognized for his previous roles at Latitude Financial Services and Australia Post, leaves a legacy marked by innovation and advancement in technology.

The Future of AI at Qantas

While Yangoyan will manage comprehensive AI responsibilities, Qantas aims to appoint a dedicated chief AI officer. This role will concentrate on executing and expanding AI initiatives within the organization, showcasing the airline’s dedication to utilizing AI for improved operational efficiency.

Conclusion

Qantas is experiencing a notable leadership evolution with Rachel Yangoyan taking on a key position as chief technology, AI and transformation officer. This change is in line with the airline’s larger strategy to enhance its technological framework while also gearing up for future AI developments through the appointment of a dedicated chief AI officer. These transitions are part of a wider organizational restructuring aimed at optimizing operations and securing a competitive edge.

Q&A

Q: Who is the newly appointed chief technology, AI and transformation officer at Qantas?

A: Rachel Yangoyan has been designated as the new chief technology, AI and transformation officer at Qantas.

Q: How long has Rachel Yangoyan been part of Qantas?

A: Rachel Yangoyan has been associated with Qantas for nearly 23 years.

Q: What was Yangoyan’s position prior to becoming the chief technology officer?

A: Before her current position, Yangoyan held the role of CEO of QantasLink.

Q: What will Yangoyan be responsible for?

A: Yangoyan will oversee IT, technology, AI strategy, data analysis, and transformation initiatives at Qantas.

Q: Who is Yangoyan succeeding in her new role?

A: Rachel Yangoyan is succeeding Andrew Walduck, former group CIO.

Q: What are Qantas’ plans regarding AI leadership?

A: Qantas is looking to appoint a separate chief AI officer to concentrate on AI implementation and scaling throughout the organization.

Q: Why is Qantas making this leadership adjustment?

A: The leadership adjustment is part of a broader initiative to enhance Qantas’ technology capabilities and streamline operations during a head office reorganization.

Tesla launches its least expensive Cybertruck to date, beginning at only US$60,000

David Leane on February 20, 2026

Brief Overview

Tesla launches a more cost-effective Cybertruck variant set at US$59,990.
The equivalent price in Australian currency is roughly A$93,895.75 inclusive of GST.
Specifications boast 325 miles of range, 4-wheel steering, and a 4.1-second acceleration from 0 to 60 mph.
Lower costs achieved by implementing alterations such as fabric seating and smaller 18-inch wheels.
It rivals models like the Ford Ranger Raptor and Jeep Gladiator in the Australian market.

Overview of Tesla’s Budget-Friendly Cybertruck

Tesla has announced its most economical Cybertruck variant in the US, representing a major entry at a price of US$59,990. With a focus on the Australian market, Tesla’s dedication is clear as the Cybertruck is set for a local launch.

Pricing and Market Placement in Australia

When the US price is converted, the Cybertruck stands at around A$85,359. After adding Goods and Services Tax (GST), this amount increases to A$93,895.75. This pricing situates the Cybertruck among premium utes like the Ford Ranger Raptor and Jeep Gladiator, granting it a competitive standing against several of Australia’s high-end pick-ups.

Modifications and Features

To facilitate this lower pricing, Tesla has carried out a number of changes:

18-inch wheels replace the previously available 20-inch option.
Durable fabric seats are utilized in place of leather upholstery.
Coil springs have been adopted instead of air suspension systems.
Towing capacity has been adjusted to 7,500 lbs, down from 11,000 lbs.
Payload capacity is lessened to 2,006 lbs from 2,500 lbs.
The audio setup is comprised of 7 speakers, reduced from 15.
The second-row display and L-tracks have been omitted.
The bed comes with standard tail lights and a powered tonneau cover, differing from the premium Vault bed.
Two 120V charging ports in the cabin have been eliminated.

Features That Remain

Even with the cost-saving adjustments, the Cybertruck keeps several key functionalities:

325-mile range (approximately 523 km).
Acceleration from 0 to 60 mph in 4.1 seconds (0-100 km/h in 4.3 seconds).
4-wheel steering for improved handling.
Convenience provided by bed outlets and ambient lighting.

Conclusion

The introduction of Tesla’s most affordable Cybertruck to date marks a tactical step to tap into a wider market while retaining essential features that characterize Tesla’s innovation. The entry-level variant strikes a balance between performance and price, making it an appealing choice for Australian consumers in search of a forward-thinking yet functional utility vehicle.

Q: What is the entry price of the new Cybertruck model in the US?

A: The entry price is US$59,990.

Q: How is this price reflected in Australian dollars, with GST included?

A: This price is roughly A$93,895.75, including GST.

Q: What are some important features retained in the new Cybertruck model?

A: Important features include a 325-mile range, 4-wheel steering, and a 0-60 mph time of 4.1 seconds.

Q: What modifications were made to lower the Cybertruck’s cost?

A: Modifications include smaller wheels, fabric seats, coil springs, lower towing and payload capacities, and a simplified audio system.

Q: Which vehicles does the Cybertruck contend with in Australia?

A: It competes with upscale utes such as the Ford Ranger Raptor and Jeep Gladiator.

Q: Is Tesla intending to release the Cybertruck in Australia?

A: Yes, Tesla’s Australian website continues to list the Cybertruck, reflecting their plans for a local launch.

Tesla launches cost-effective Cybertruck variant priced at US$59,990

Tesla unveils its most budget-friendly Cybertruck entry at US$59,990

Why Companies in Western Australia are Overhauling Their Cloud Approaches in 2026

David Leane on February 20, 2026

Western Australian Firms Revise Cloud Approaches in 2026

Quick Overview

Western Australia is progressively adopting public cloud solutions in 2026.
Key factors for WA firms include geographic seclusion and network reliability.
Edge computing is becoming critical, especially in resource-intensive industries.
Security issues are changing with the transition to public cloud.
An upcoming conference in Perth will focus on modernizing workflows and cloud approaches.

Geographic Seclusion and Network Reliability

For companies in Western Australia, geographic seclusion poses distinct challenges when formulating cloud strategies. Ensuring network reliability is vital, as organizations must secure that their systems remain strong and dependable despite possible connectivity disruptions. This seclusion requires tailored solutions that meet the unique demands of the area.

The Emergence of Edge Computing

Edge computing has transitioned from a distant idea to a vital element of cloud strategies, particularly for sectors like resources, energy, and critical infrastructure. This advancement facilitates real-time data processing and analytics closer to the point of origin, enhancing performance and minimizing delays.

Security Factors in Public Cloud Migration

As organizations in Western Australia progressively move more workflows to the public cloud, security continues to be a primary concern. Initial architectural choices can greatly influence risk management. Businesses need to balance the advantages of cloud solutions with potential security threats, instituting strong measures to safeguard sensitive information.

Upcoming Cloud Strategy Conference in Perth

TechBest is organizing a Cloud Covered Breakfast Summit in Perth on 31 March, supported by Microsoft and Dicker Data. This event will bring together senior technology leaders to discuss actionable strategies for modernizing workflows, alleviating architectural risks, and incorporating edge computing into long-term strategies. Participants will gain insights from practical experiences, bolstering their cloud approaches.

Conclusion

Western Australian firms are reassessing their cloud approaches, emphasizing overcoming geographic and network obstacles, adopting edge computing, and improving security practices. The forthcoming summit in Perth presents a valuable opportunity for technology leaders to share insights and enhance their cloud adoption strategies.

Q: What drives the focus of Western Australian firms on cloud strategies in 2026?

A: The emphasis stems from the necessity to tackle geographic seclusion, network reliability, shifting security demands, and the integration of edge computing for optimized performance.

Q: Which sectors are most affected by the transition to edge computing?

A: Sectors such as resources, energy, government, and critical infrastructure are notably influenced, since edge computing enables real-time data processing and minimizes delays.

Q: How does geographic seclusion influence cloud strategy formulation in WA?

A: Geographic seclusion calls for customized solutions to guarantee network reliability and system endurance, addressing connectivity issues unique to the region.

Q: What are the security hurdles related to public cloud migration?

A: Security hurdles involve managing risks through early architectural choices and executing measures to guard sensitive data against evolving threats.

Suncorp Leverages AI and Core Revamp to Address Insurance Affordability Challenges

David Leane on February 19, 2026

Suncorp Employs AI and Core Revamp to Tackle Insurance Affordability

Quick Overview

Suncorp is channeling resources into AI and new policy frameworks to provide more reasonably priced insurance offerings.
A considerable segment of the populace in Australia and New Zealand faces difficulties in securing affordable insurance.
The Digital Insurer initiative encompasses the introduction of Duck Creek as a fresh policy administration solution.
This effort is designed to align insurance costs with the financial pressures faced by consumers.
The organization is forming alliances with AI and tech firms to boost its operational capabilities.

Tackling Insurance Affordability

Suncorp is adopting AI and a new policy framework in an effort to provide more affordable insurance options. CEO Steve Johnston emphasized that a significant portion of residents in Australia and New Zealand encounters hurdles in acquiring affordable insurance. Collaborations with the federal administration and industry-wide strategies are under consideration to address this challenge.

Revolutionizing Core Platforms

Through the Digital Insurer initiative, Suncorp is rolling out Duck Creek as its new policy administration system, starting with its AA Insurance branch in New Zealand. This system is designed to streamline underwriting and automate processes, anticipated to support the overarching Digital Insurer strategy in the long run. The deployment is slated to extend to Suncorp’s premier AAMI brand in Australia.

Investments in AI and Partnerships

Suncorp has a longstanding history with AI technology and is amplifying its investments, particularly in multi-agent AI, backed by Databricks. The company intends to incorporate AI into its core systems, including Duck Creek, Oracle, and Salesforce, to improve product development and claims management. Collaborations with top-tier AI tech firms and BPO providers are vital to these initiatives.

Financial Outcomes and Obstacles

Suncorp declared a net profit after tax of $263 million for the initial half of the fiscal year, even with the impact of insurance claims from extreme weather incidents. The firm views AI as a mechanism to enhance customer interaction and manage premium pools adeptly across both consumer and commercial demographics.

Conclusion

Suncorp is merging AI and upgrading its foundational systems to tackle insurance affordability challenges in Australia and New Zealand. By means of deliberate investments and collaborations, the company aspires to reconcile insurance pricing with consumer financial strains, delivering customized solutions to underserved demographics.

Q: What is Suncorp’s primary objective with its AI and platform investments?

A: Suncorp seeks to provide more affordable insurance products and meet the needs of consumers priced out of the market.

Q: In what way does Suncorp plan to utilize Duck Creek?

A: Duck Creek is being adopted as a new policy administration system to streamline underwriting and automate processes, initially for AA Insurance in New Zealand.

Q: What significance do AI and partnerships have in Suncorp’s strategy?

A: AI and collaborations with technology firms are crucial for enhancing product development, customer interactions, and operational effectiveness.

Q: How has Suncorp’s financial performance been in recent times?

A: Suncorp revealed a net profit after tax of $263 million for the first half of the fiscal year, despite challenges stemming from weather-related insurance claims.

Suncorp aims to leverage AI and core transformation to tackle insurance affordability

Superloop Ready to Purchase Rival Lynham in $165 Million Agreement

David Leane on February 18, 2026

Superloop’s Strategic Growth Via Lynham Acquisition

Brief Overview

Superloop set to acquire Lynham Networks for $165 million.
Acquisition will enhance Superloop’s national FTTP capabilities.
Strategic emphasis on high-density and greenfield projects.
Projected annual cost savings of $5 million.
Superloop plans to broaden its built and contracted FTTP footprint.
Superloop reports impressive financial growth and raised earnings forecast.

Superloop’s Strategic Initiative in the Broadband Market

Superloop Expands with Lynham Acquisition

Superloop has announced intentions to purchase the rival fibre-to-the-premise (FTTP) network wholesaler, Lightning Broadband, in a notable $165 million transaction. This strategic move is set to enhance Superloop’s capabilities as a major national FTTP player, particularly against competitors like NBN Co.

Enhancing Network Infrastructure and Competitive Edge

The acquisition, which awaits necessary approvals, enables Superloop to gain full ownership of Lynham Networks, thus increasing its built and contracted FTTP reach to 170,000 lots. Paul Tyler, Superloop’s CEO, indicated that this action will fortify the company’s standing as a powerful network infrastructure developer.

This will expedite Superloop’s “smart communities” initiative, concentrating on high-margin broadband solutions in densely populated and greenfield locations, where competition with NBN Co is strong.

Expansion and Financial Performance

Lynham Networks, operating 14,000 active wholesale services, reported revenues of $46.7 million, a 28 percent rise from the previous half-year. The acquisition incorporates 24,000 built lots and contracts for an additional 30,000 lots anticipated over five years, with a transition targeted for completion in the fourth quarter.

Superloop has announced a robust half-year financial performance with a net profit after tax of $5.1 million on group revenue of $317.6 million. The company’s revised full-year earnings outlook anticipates revenue of $700 million and an EBITDA ranging from $112 million to $120 million.

Integration Plans and Cost Efficiency

Superloop predicts achieving annual cost savings of $5 million by assimilating Lynham’s operations within its current networks. The acquisition will also result in the merging of Lynham’s staff into Superloop, with about 70 employees expected to join post-acquisition.

This strategic initiative positions Superloop to capitalize on its international transit and overseas network infrastructure, improving its market position with developers and retail service providers.

Conclusion

The acquisition of Lynham Networks by Superloop signifies a pivotal advancement in cementing its role as a top FTTP provider in Australia. With an emphasis on smart community strategies and resource integration, Superloop is poised to enlarge its presence and financial standing in the national broadband sector.

Q&A: Clarifying the Superloop Acquisition

Q: What is the worth of the acquisition deal?

A: The acquisition is valued at $165 million.

Q: How will this acquisition influence Superloop’s market position?

A: The deal will strengthen Superloop’s status as a national FTTP contender, improving its market credibility and infrastructural resources.

Q: What are the anticipated cost reductions from the acquisition?

A: Superloop aims to realize annual cost savings of $5 million within the first three years by merging networks and optimizing operations.

Q: How will this acquisition affect Superloop’s clientele?

A: The acquisition will broaden Superloop’s customer base, incorporating a combination of built and contracted lots, aiding the company’s growth plan.

Q: What recent financial performance has Superloop disclosed?

A: Superloop reported a net profit after tax of $5.1 million with group revenue of $317.6 million for the half-year, revising its full-year earnings forecast.

Q: Will Lynham employees face changes due to the acquisition?

A: Superloop anticipates incorporating around 70 Lynham employees once the acquisition is finalized.

Victoria’s Chief Information Security Officer Exits Government Position

David Leane on February 18, 2026

Brief Overview

Dovid Clarke, Victoria’s State CISO, leaves after more than two years.
The CISO position encompasses duties related to cyber protection and digital robustness.
Rohan Davies is currently serving as acting CISO while the recruitment takes place.
The Department of Government Services (DGS) was established in 2023 to oversee Victoria’s cybersecurity strategy.

Victoria’s Government in Search of New Cybersecurity Chief

Dovid Clarke exits state CISO position

The Government of Victoria is actively seeking a new Chief Information Security Officer (CISO) following the exit of Dovid Clarke. Clarke, who advanced the state’s cybersecurity framework, has transitioned to RedShield, a security provider based in New Zealand. His position, which also involved being the executive director for data and digital resilience, plays a vital role in managing Victoria’s cybersecurity efforts.

The Responsibilities and Their Significance

The CISO of Victoria is responsible for overseeing the Cyber Defence Centre, directing major incident reactions, and enhancing IT systems and telecommunications resilience. This essential role guarantees that the public services in Victoria are safeguarded from cyber threats and that the digital infrastructure remains strong.

Interim Leadership

In light of Clarke’s departure, Rohan Davies, serving as director of cyber in Victoria’s Department of Government Services, has taken on the role of acting CISO. This interim period is vital as the state strives to uphold its cybersecurity progress while looking for a permanent successor.

The Department of Government Services

Founded in 2023, the Department of Government Services (DGS) is tasked with bolstering Victoria’s digital resilience and cybersecurity posture. The department is instrumental in orchestrating the government’s incident response and ensuring the ongoing development of cybersecurity measures.

Conclusion

Victoria is undergoing a change in leadership within its cybersecurity structure with Dovid Clarke’s exit as CISO. As the state embarks on an external search for a new leader, Rohan Davies will continue to manage the responsibilities temporarily. The Department of Government Services plays a crucial role in these initiatives, maintaining the strength and effectiveness of Victoria’s cybersecurity measures.

Q: What was Dovid Clarke’s position in Victoria?

A: Clarke served as the Chief Information Security Officer and executive director of data and digital resilience, tasked with cybersecurity and digital infrastructure oversight.

Q: Who is presently the acting CISO?

A: Rohan Davies, director of cyber at the Department of Government Services, is filling the role of acting CISO.

Q: What encompasses the Department of Government Services?

A: Established in 2023, the DGS handles Victoria’s digital resilience, cybersecurity strategy, and incident management.

Q: Why is the CISO position significant?

A: The CISO spearheads cybersecurity initiatives, oversees incident management, and ensures the robustness of IT systems and telecommunications.

Woolworths Overhauls Security Approach, Distancing Infosec from Physical Security Again

David Leane on February 16, 2026

Woolworths Restructures Security Approach: Infosec and Physical Security Diverge

Overview

Woolworths has divided its information and physical security functions.
This change follows the exit of Pieter van der Merwe.
Elrich Engel has been named the new CISO.
The division supports Woolworths’ technological transformation objectives.
Physical security is reassigned to the resilience team.

Woolworths’ Shift in Security Operations

Woolworths, a prominent figure in the Australian retail landscape, has reconfigured its security framework by differentiating between information security (infosec) and physical security roles. This strategic shift was prompted by the exit of Pieter van der Merwe, who served as Chief Security Officer (CSO) for more than three years. Van der Merwe’s departure enabled Woolworths to reevaluate and realign its security priorities, resulting in the establishment of a dedicated Chief Information Security Officer (CISO).

Woolworths redesigns its security strategy with distinct infosec and physical security roles

Introducing Elrich Engel as the New CISO

Woolworths has appointed Elrich Engel to the position of CISO, a crucial advancement in the retailer’s technological transformation path. Engel brings valuable experience from strategic roles at Mandiant and previous CISO positions at AMP and Vodafone Australia, reflecting his eagerness about the upcoming challenges and possibilities on LinkedIn. Woolworths intends to capitalize on Engel’s skills as it evolves into a data-centric, AI-enhanced business model.

Redefining Security Areas

The choice to split infosec and physical security responsibilities emphasizes the increasing intricacy and specialized demands of cybersecurity. By reinstating the CISO role, Woolworths underscores the essential need for maintaining strong cyber defenses to guarantee secure shopping experiences for customers. Concurrently, the task of physical security has reverted to Woolworths’ resilience team, acknowledging the considerable responsibility for overseeing physical safety across its widespread operations in Australia and New Zealand.

Conclusion

Woolworths has methodically divided its infosec and physical security roles, appointing Elrich Engel as CISO to spearhead its cybersecurity initiatives. This strategic move follows the resignation of former CSO Pieter van der Merwe and aligns with the retailer’s overarching technological transformation goals. The decision emphasizes Woolworths’ dedication to enhancing both its digital and physical security frameworks.

Q: What motivated Woolworths to differentiate between infosec and physical security roles?

A: The differentiation was triggered by Pieter van der Merwe’s exit and the need to tackle the escalating complexity and specialized demands of cybersecurity, while also ensuring effective management of physical security.

Q: Who is Elrich Engel, and what role does he hold at Woolworths?

A: Elrich Engel serves as the newly appointed Chief Information Security Officer (CISO) at Woolworths, tasked with leading the organization’s cybersecurity strategy.

Q: How does this adjustment fit into Woolworths’ technological transformation?

A: The division of roles bolsters Woolworths’ transition toward a data-driven, AI-enabled business model, enhancing its emphasis on cybersecurity while ensuring robust physical security protocols.

Q: What is the significance of delegating physical security duties back to the resilience team?

A: Assigning physical security to the resilience team guarantees a focused approach to managing the safety of customers, personnel, and properties, which is vital due to Woolworths’ extensive operations throughout Australia and New Zealand.

AMP Deploys More Than 400 AI Agents Throughout Organization

David Leane on February 16, 2026

AMP Adopts AI with More than 400 Agents

Snapshot

AMP has rolled out over 400 AI agents within its organisation.
95% of AMP employees engage with AI on a daily basis.
Collaboration with UNSW Sydney to strengthen AI skills and training.
AMP’s statutory net profit is reported at $133 million, a decline from $150 million the prior year.
AMP share prices fell by 29% during the reporting period.

AI Adoption at AMP

AMP, a prominent player in the financial services sector, has taken a notable technological stride by integrating over 400 AI agents across its operations. This initiative aligns with AMP’s larger vision to adopt innovative business models within the financial services landscape.

Extensive AI Adoption

As indicated by CEO Alexis George, AI tools have become essential to the everyday functions of 95% of AMP staff. The organisation is proactively utilizing AI agents to improve operational productivity and foster innovation.

Collaborative Initiatives

AMP is harnessing partnerships to reinforce its AI strategy. Although George has not disclosed all partners, UNSW Sydney stands out as a vital partner, concentrating on responsible AI and enhancing employee training regarding AI tools.

Financial Overview

AMP disclosed a statutory net profit of $133 million for the fiscal year, down from $150 million the year before, primarily due to historical legal settlements and initiatives aimed at streamlining operations. Furthermore, AMP shares experienced a decline of roughly 29% at this reporting time.

Conclusion

AMP’s rollout of over 400 AI agents signifies a crucial advancement in its technological journey, aimed at reshaping its financial services practices. The firm’s dedication to AI is highlighted by substantial employee engagement and strategic academic collaborations, even as it navigates financial hurdles.

Q: What is the goal of implementing over 400 AI agents at AMP?

A: The AI agents are designed to assist AMP in adopting innovative business models and improving efficiency in the financial services domain.

Q: How many employees at AMP utilize AI on a daily basis?

A: 95% of AMP employees are reported to engage with AI on a daily basis.

Q: Which organization is AMP collaborating with to enhance their AI skills?

A: AMP is working with UNSW Sydney to augment its AI capabilities and equip employees with AI tools and training.

Q: What impact has AMP’s financial performance faced recently?

A: AMP has shown a statutory net profit of $133 million, a decrease from the $150 million reported the previous year. The shares also fell by nearly 29%.

Q: What factors are influencing AMP’s financial results?

A: The profit drop is attributed to the resolution of past legal issues and efforts to simplify the business structure.

Q: Why does AMP depend on partnerships for its AI initiatives?

A: As a relatively smaller firm, AMP relies on the expertise of partners to tap into skills and capabilities that it cannot develop internally.

Australia’s Electric Vehicle Market Set to Achieve 15% of New Car Sales by Year’s End

David Leane on February 12, 2026

Quick Overview

Australia’s EV sector experienced a 38% uptick in sales during 2025, totaling 156,958 units.
Medium SUVs and electric Utes are the top performers in EV sales.
Electric vehicles are nearing price equivalence with petrol cars, particularly in the Medium SUV category.
BYD Shark ranks among the best-selling electric Utes in Australia.
Expansion of infrastructure and increasing corporate fleet adoption are crucial for future EV advancement.
Projections suggest a 15% market share for electric vehicles by 2026.

2025: A Year of Major Expansion

In 2025, Australia’s electric vehicle (EV) market experienced notable expansion, with a 38% increase in sales from the prior year. The total units sold reached 156,958, fueled by a broader array of models and declining prices. Medium SUVs, a prominent category in the market, saw their proportion rise from 16% to 27%, primarily due to a surge in model offerings, which escalated from 30 to 45 choices.

The Surge of Electric Utes

Electric Utes rose to prominence in 2025, with sales skyrocketing from 362 units in 2024 to 20,622 units in 2025, making up 8% of the segment. The BYD Shark spearheaded this growth, capturing a 7% market share and becoming the fourth best-selling Ute overall. This reflects an increasing acceptance of electric vehicles among Australian tradespeople and outdoor adventurers.

Price Equivalence and Consumer Preferences

The shrinking price difference between EVs and internal combustion vehicles is making electric alternatives more attractive. Medium SUVs are now seeing an EV price premium of merely 18-22%, easing the transition for families enhancing their primary vehicles. The financial advantages of EV ownership, including lower fuel and maintenance expenses, further improve their allure.

Outlook for 2026

The perspective for 2026 remains optimistic, with Medium SUVs likely continuing to propel EV sales due to a broader variety of models and competitive pricing. The market is tilting towards mainstream acceptance, as an increasing number of passenger vehicles and light commercial vans reach price equivalence with conventional vehicles on a life-cycle cost basis. Fleet adoption is also predicted to increase as managers recognize the long-term financial advantages of EVs.

Obstacles and Prospects

Despite favorable trends, hitting the Australian Energy Market Operator’s target of 240,000 sales by 2026 poses a challenge. The Federal Government’s approach regarding Fringe Benefits Tax (FBT) exemptions is critical to sustaining progress towards 2035 emissions objectives. Nonetheless, advancements in the industry, like enhanced public charging infrastructure and corporate fleet transitions, are expected to accelerate EV adoption.

Leading the Charge in 2026

BYD is projected to continue as a major figure in Australia’s EV market in 2026, with models such as the Sealion 7 and Shark 6 possibly becoming top sellers. New competitors like the Toyota Hilux BEV, Kia EV4, and Hyundai Elexio are set to further diversify the market, providing a range of options to meet various budgets and preferences.

Australia's EV market reaching new heights in 2026

Conclusion

Australia’s electric vehicle market stands on the threshold of a significant transformation, with sales anticipated to achieve a 15% share of the new car market by 2026. Key elements such as price declines, a greater variety of models, and improved infrastructure are propelling this shift. While obstacles linger, particularly in meeting government benchmarks, the move towards widespread EV adoption is unmistakable.

Q: What fueled the expansion of the EV market in 2025?

A:

The expansion was chiefly initiated by enhanced model availability and price drops, especially within the Medium SUV and Ute categories.

Q: Which segments are at the forefront of EV sales?

A:

Medium SUVs and electric Utes lead the segments, with significant growth noted in 2025.

Q: How is the pricing difference between EVs and traditional vehicles evolving?

A:

The pricing difference is shrinking, particularly in Medium SUVs, where the EV premium is currently just 18-22% compared to petrol versions.

Q: What are the main challenges for achieving the 2026 sales target?

A:

Aiming for the 240,000 sales target by 2026 will be challenging, with government policies on FBT exemptions playing a vital role.

Q: What is the significance of infrastructure in EV adoption?

A:

Enhanced charging infrastructure is crucial for alleviating range anxiety and supporting the next wave of EV adopters.

Q: Which new models are anticipated to influence the market in 2026?

A:

Upcoming models like the Toyota Hilux BEV, Kia EV4, and Hyundai Elexio are expected to significantly shape the market landscape.

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