The man who allegedly killed a 20-year-old employee at a BWS store in Darwin has been committed to stand trial at the Supreme Court.

Declan Laverty was working at a BWS bottle shop in Jingili in Darwin's north in March when he was allegedly fatally stabbed by Keith Kerinauia.

The 19-year-old is facing a string of offences including murder, two counts of aggravated assault and making a threat to kill a person.

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Prosecutor Marty Aust told the court those charges are all captured in full on numerous CCTV cameras in the BWS store.

Kerinauia appeared via video link from prison at Darwin Local Court on Wednesday while he was formally read his charges.

The court heard he had allegedly robbed and harmed a 13-year-old boy along with unlawfully assaulting two other men with a knife the same day of Laverty's death.

Judge Alan Woodcock told the court: "Having considered the evidence it is sufficient to place Keith Kerinauia on his trial for charges one, two, four, five, six and seven. I direct he be committed for trial at the next sitting at the Supreme Court."

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Kerinauia was not required to enter a plea today.

He is not required to appear next month when his matter will be mentioned in the Supreme Court.

He'll remain behind bars in the meantime.

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Owners of attacked dog want the incident reported but daycare refused citing privacy.

One in six Australians are struggling to pay off their credit card debt as the cost of living rises, according to new research.

Finder surveyed 603 people with a credit card, with 16 per cent admitting they were over their limit or unable to make repayments.

Australians had $40.3 billion on credit cards in May, with almost half (46 per cent) of the debt accruing interest, according to Reserve Bank of Australia data.

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Finder money expert Sarah Megginson said Australians were becoming more dependent on credit cards.

"The cost of living crisis is tough for everyday Australians to manage and economic conditions are hindering consumer's ability to pay their credit cards down."

Of those surveyed, 6 per cent went over their limit.

"One in ten Aussie cardholders (10 per cent) have missed one or more minimum repayment on their credit card debt, equivalent to one million card holders who can't pay back what they owe," Megginson said.

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She said going over your credit card limit had serious consequences.

"There are immediate impacts like fees and interest, which can add up to burden you with a lot of extra costs over time.

"Then there are longer term consequences, like a drop in your credit score.

"Going over your limit is a red flag for lenders that you may be a riskier borrower, which could affect your borrowing power when you want to take out a loan or apply for a mortgage."

Megginson said working to pay off your debt was a really smart way to go in the current economy.

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All Lauren Urey remembered when she stood up from behind the rock that sheltered her from the Whakaari/White Island eruption was screams.

WARNING: This story contains images and details some readers may distressing.

She and her husband Matthew were two of the 47 people on the crater when it erupted on December 9, 2019, with 22 later dying from extreme burns and blast injuries.

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The New Zealand island's owners, brothers Andrew, James and Peter Buttle; their company Whakaari Management Ltd; and tour operators ID Tours NZ Ltd and Tauranga Tourism Services Ltd, went on trial yesterday in Auckland District Court for allegedly failing to adequately protect tourists and staff.

In a police interview with Urey played in court, the US woman spoke about the moment they were engulfed by the eruption.

"My body was sizzling," she said.

The couple were on their honeymoon during their trip to White Island.

Urey told the court the last few years had been "extremely hard", Stuff reported.

Urey had burns on 23 per cent of her body, but it was her lungs the doctors were most worried about.

She had undergone dozens of surgeries, with another scheduled for later this month.

She also claimed the couple had been impacted beyond their injuries, telling the court she was classed as "high risk" for having children.

"I thought we were in good hands, and I thought we were safe," she said.

She said she would not have gone on the island if she had known it could erupt.

Lawyer for ID Tours David Neutze asked if she had read the brochure for the tour, which described White Island as New Zealand's most active volcano.

Urey said she had compared the risk to that posed by "active volcanoes" in the US that did not erupt, such as in Hawaii.

Neutze asked her if it would be fair to say Royal Caribbean, the cruise where they booked the tour, should have warned them about wearing more protective clothing.

Urey said she believed there were "several entities" that should have warned them.

He asked if she recalled any conversations about an eruption, but Urey said she was "fairly confident" this was never discussed.

She said the group was not told what to do if there was an eruption.

Earlier, Matthew Urey told the court he suffered burns to 53 per cent of his body, Stuff reported.

The worst were on his lower arms and legs, face and neck, where he was not covered by clothing, he said.

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He said he had been told to wear closed-toed shoes, but that he would have been better off if he had also worn a long shirt and pants.

Urey claimed the safety briefing didn't take place until the tourists were on the island, and that he was still left with no real understanding of eruption risks.

They were told White Island was at "level two", but that the numbering system wasn't explained.

"Never in my wildest dreams would I have gone on that island if I knew eruption was level three," he claimed.

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He said he and his wife wanted to relax on their honeymoon and weren't looking for thrills.

Videos of the Ureys speaking to detectives were also played to the court.

Matthew Urey said the group was on the way back from the crater when somebody yelled "look" and the guide said "run", Stuff reported.

On their way back to the boat, the group stopped and hid behind a rock.

Urey said he remembered his flesh burning, and described it as a burning hot wave of pitch blackness.

After they made it to a dock, Urey said they were taken onto a boat, but he didn't receive any medical treatment until they reached shore, 90 minutes later.

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Lauren Urey said in her interview that she asked a tour guide about the risk of an eruption, but was told not to worry, Stuff reported.

She spoke about the moment she and her husband were engulfed by the eruption.

"He screamed in agony, I've never heard him scream like that before. I remember him saying sorry, and me screaming in agony," she said.

"I just thought for sure we were going to die and I just wanted him to know that I loved him and so I just held onto his hand and I kept telling him I loved him."

Lauren Urey said in the video interview she was still seeking help for depression and PTSD.

Yesterday, prosecutor Kristy McDonald accused the Buttle brothers of choosing not to seek expert advice about eruption risks.

The trial continues.

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The woman was fined and disqualified from driving for 28 days.

Chris Hipkins confirmed he ruled out a wealth tax or a capital gains tax in Budget 2023.

Treasury and Inland Revenue warned of ‘unintended consequences’.

The Reserve Bank of Australia (RBA) will meet and set interest rates eight times a year instead of the current 11 as part of a sweeping overhaul into how the central bank decides the nation's monetary policy.

In a speech to the Economic Society of Australia, RBA Governor Philip Lowe confirmed cutting the number of interest rates meetings is just one of 10 steps the RBA will take in response to a government-commissioned review released earlier this year.

The full 10 steps can be read at the bottom of this story.

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The first Tuesday of the month will still play host to interest rates decisions in February, May, August and November, while dates for the other four are yet to be confirmed.

"The other four meetings will be held midway between these meetings," Lowe said.

"The exact dates for 2024 will be published soon and the dates for future years will be published well in advance."

From 2024 onwards, the bank's governor will also provide a press conference immediately after the meeting, to explain the decision to hold, raise or lower the cash rate.

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Those meetings will now run over two days – notably longer than the current ones.

"Together, these changes are significant and represent a substantial response to the recommendations of the review," Lowe said.

"The less frequent and longer meetings will provide more time for the board to examine issues in detail and to have deeper discussions on monetary policy strategy, alternative policy options and risks, as well as on communication.

"Likewise, the staff will have more time for analysis, with less time spent preparing summaries of recent developments. The board will also be able to hear directly from more staff and have greater opportunity to request work on particular topics.

"And the post-meeting media conferences will provide a timely opportunity to explain the board's decisions and to answer questions… together, this is a significant package of reform that will contribute to better decision-making and communication."

Lowe said other recommendations made by the report – including publishing unattributed vote counts from meetings and board papers, and establishing an expert advisory group to advise the board – should be deferred for now.

"These issues are interrelated," Lowe said.

"Practices differ across central banks, and they are often tailored to the country's particular circumstances and institutional structure.

"The current board has therefore judged that these four issues are best considered by the new monetary policy board as a package."

Lowe's speech comes as questions surround his future heading up the RBA.

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His term as governor expires on September 17, and it has been widely speculated that Treasurer Jim Chalmers will opt to replace Lowe rather than extend his tenure.

Asked about his time at the central bank potentially coming to an end, Lowe said he would support whoever the government selects.

"In terms of my own position, as I have said before, if I was asked to continue in the role, I would be honoured to do that and I would continue," he said.

"If I am not asked to continue in the role, I will do my best to support my successor, and the treasurer has said he will make an announcement before the end of this month.

"I haven't got anything more to add on that."

Current deputy governor Michele Bullock, treasury secretary Steven Kennedy, and Parliamentary Budget Office head Jenny Wilkinson have been mentioned among the list of potential candidates to replace Lowe.

Reserve Bank of Australia's 10 points of change

1. From 2024, the Board will meet eight times a year, rather than 11 times as is currently the case. Four of the meetings will be on the first Tuesday of February, May, August and November. The other four meetings will be held midway between these meetings. The exact dates for 2024 will be published soon and the dates for future years will be published well in advance.
2. The Board meetings will be longer than is currently the case. They will typically start on the Monday afternoon and then continue on the Tuesday morning. The outcome of the meeting will be announced at 2.30 pm on the second day, typically a Tuesday as is the case now.
3. All Board members will have the opportunity to attend an internal staff meeting some time before the Board meeting. This will allow them to hear directly from, and ask questions of, a broader range of staff.
4. The post-meeting statement announcing the decision will be issued by the Board, not, as is currently the case, the Governor.
5. The Governor will hold a media conference after each Board meeting to explain the decision. The media conference is expected to be held at 3.30 pm.
6. The quarterly Statement on Monetary Policy will be released at the same time as the outcome of the Board meeting (in February, May, August and November), rather than on the following Friday as is currently the case. Given this and other changes, we are reviewing the structure of this document.
7. The Board, rather than just the Governor, will be the signatory to the Statement on the Conduct of Monetary Policy, which is the document that records the common understanding on monetary policy between the RBA and the Australian Government. The new Statement is expected to be finalised later this year.
8. The Board will oversee the Bank's research agenda as it relates to monetary policy and aspects of financial stability.
9. The Bank will continue with its current approach to climate change analysis, focusing on the implications of climate change for the economy, inflation and the financial system.
10. The Board will work with the Treasury to undertake five-yearly open and transparent reviews of the monetary policy framework.

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Another Australian online retailer has collapsed, becoming the latest business to fall victim to higher costs and falling consumer demand.

Australian Made Clothes confirmed the news via social media, that the e-commerce business and its website australianmadeclothes.com.au would be closing its doors this week.

Founder and chief executive James Bennett said changing market dynamics, the pandemic and increased competition from international retailers led to the "difficult decision".

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Bennett thanked its "devoted customer base" for supporting a business that showcased locally-made clothing.

"It has been an incredible journey, and we are immensely proud to have served as a platform for Australian Made Clothes. We are grateful to our dedicated customers who have been with us on this journey," he said.

"Thank you all so much"

The online retailer, which appears to have opened in 2020, is known for its Australian made clothing and products.

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While the business is closing, Bennett urged customers to explore other local retailers.

"It is hoped that the closure of this beloved online store will highlight the importance of supporting independent businesses and the role consumers play in shaping the future of the industry," he said.

"As customers bid farewell to Australianmadeclothes.com.au, the impact of its closure serves as a poignant reminder of the ever-changing landscape of online retail and the need to adapt to meet the demands of the market."

All online orders are expected to be filled and delivered before the closure.

The brand's collapse comes after a spate of liquidations including online furniture retailer Brosa and numerous construction companies across Australia.

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A windswept Arctic fox, a murmuration of birds facing a snowstorm in the Himalayas, and a man and a boy in a flooded living room are among the images recognized in this year's Prince Albert II of Monaco Foundation's Environmental Photography Award.