Mon, 19 Nov 2012 3:03p.m.
A huge waterspout has been filmed off Batemans Bay in New South Wales, Australia.
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3 News Australia correspondent Rachel Morton takes a look at the latest news from across the ditch.
Car manufacturer Ford has announced that it's stopping vehicle production in Australia, axing 1200 jobs.
Australia's budget was also delivered this week, with two significant changes.
Australian Prime Minister Julia Gillard has made a poignant speech in Parliament today, as she introduced legislation to help fund a national disability insurance scheme.
There are some encouraging signs for New Zealand's economy in the latest retail sales data.
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