Good morning, team. I trust you’re all well.

1. Face masks will be required in all indoor public areas across Greater Sydney for another week, Premier Gladys Berejiklian announced yesterday. The restrictions, which were set to end at midnight tonight, were extended in response to the city’s Bondi cluster growing to 21 people. NSW Health revealed 10 new local cases of COVID-19 on Wednesday.

2. Victoria has declared seven Sydney local government areas as red zones. Any non-Victorian resident who has visited City of Sydney, Waverley, Woollahra, Bayside, Canada Bay, Inner West and Randwick is not allowed to enter Victoria as of today.

3. Meanwhile, restrictions in Melbourne are set to ease further, per reports. People will be able to gather outdoors in groups of up to 50 and companies will be allowed to operate with 75 per cent of their workforce in the office. Hospitality venues will move to a looser one-per-four-square-metre density limit and a likely cap of about 300 people.

4. A Sydneysider who went to New Zealand as part of the travel bubble tested positive for COVID-19 upon returning home, too. “This is the first time an Australian traveller has brought COVID-19 to NZ, and since gone home,” the NZ health ministry said in a statement. The person was in Wellington from Saturday 19 June until Monday 21 June.

5. Australian property prices could continue roaring higher as new housing supply continues to fall behind buyer demand. The latest ABS data shows that construction numbers fell sharply in April, down 13.3% on their March peak. At the same time, researchers and productivity commissions have warned that new supply needs to be dramatically increased to put downward pressure on prices.

6. Labor and the Greens teamed up to defeat the Federal Government with a Senate vote striking down plans to invest taxpayer funds in new fossil fuel tech. The plan was to allow changes to regulations to expand the remit of the Australian Renewable Energy Agency (ARENA) to include carbon capture technology. No longer!

7. ASIC is calling for Australians to report influencers offering ‘financial product advice’ on their platforms. The statements come as the finance influencer space grows exponentially in Australia, leading to concerns about potential risks and the regulation of investment content on social media. Examples of Australian influencers skirting ASIC rules expose potential blind spots in its current regulations – last month we reported on one influencer in particular pushing a specific crypto token.

8. One in 10 Australian adults are millionaires, says a new report by Credit Suisse. Australian adults, with an average net wealth of $US238,000 ($315,000) are the richest in the world. “This is primarily due to the ongoing performance of our two principal sources of wealth – housing and financial assets – underpinned by robust GDP growth,” said Credit Suisse Australia head of private banking Michael Marr.

9. The Delta coronavirus variant is on track to become the dominant strain in many nations. WHO officials this week said the variant was “faster” and “fitter” than previously identified ones. “It will pick off the more vulnerable more efficiently than previous variants,” Dr. Mike Ryan said. WHO is asking wealthier nations to help slow the spread of the Delta variant by donating more vaccines to poorer countries.

10. Google’s CEO Sundar Pichai is facing criticism from senior employees frustrated by his “risk-averse” leadership. The New York Times found that more than 30 Google VPs had quit in the past year. “Google’s lack of courage with its diversity problem is ultimately what evaporated my passion for the job,” David Baker, a former director of engineering who worked at the company for 16 years, told The Times. “The more secure Google has become financially, the more risk averse it has become.”

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