Australia news live: Acma not told of Optus triple-zero network issues for more than 10 hours, chair says | Australia news
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Australia news live: Acma not told of Optus triple-zero network issues for more than 10 hours, chair says | Australia news

Acma not told of Optus triple-zero network issues for more than 10 hours

Nerida O’Loughlin, the Australian Communications Media Authority (Acma) chair, said the body usually gets multiple emails per day from telcos when something goes wrong with their networks. But in the case of the Optus outage, Acma wasn’t “notified at all until the outage was resolved”.

O’Loughlin explained more about the typical timeframes as to how the authority is notified earlier:

I would have to say it is variable, but particularly with the local significant outages, we receive multiple emails per day, usually as soon as the telco is aware that something has gone wrong.

In this case we did not know that something had gone wrong until the matter had been resolved more than 10 hours later.

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Half of Australians anxious about retirement savings, reports find

Half of all Australians don’t feel particularly confident about their retirement finances and almost as many don’t have a post-work financial plan, three new reports show.

AAP reports just 50% of 2,000 Australians surveyed in July said they felt confident about their financial security in retirement, with more than one in three of those older than 65 still feeling financially insecure.

Financial services giant AMP commissioned the survey by independent research company Dynata as part of its new emphasis on retirement services and released the findings on Monday.

Photograph: Best of Melbourne Life/Getty Images

Meanwhile, investment manager Natixis said its Global Retirement Index found 53% of Australians said it would take a “miracle” for them to be able to retire securely – up 5% from 2023.

CoreData Research surveyed 7,050 individual investors in 21 countries in February and March for the Natixis report, now in its 13th year.

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