Remember the clocks go forward 1 hour at 2am on Sunday (Saturday night).
The hour will not be lost completely, it is being given as a no-interest loan to the Gods of Time, to be returned to us on 5th April next year.
Edit: Corrected my grammatical error, because https://aussie.zone/u/dan@upvote.au is right, even if I don’t want to admit it. It is Daylight Saving, not Savings.
My experience, talking online, has been that Europeans and North Americans largely agree with you, getting rid of DST would be a sensible thing to do.
Unfortunately in Australia, I see that viewpoint a lot less often. My only guess about the reason: it’s become a semi-politicised issue here. The states of Queensland and Western Australia don’t use it, while the more populous states of New South Wales and Victoria do use it. And there’s a strong cultural sense in those states of “looking down” on Qld & WA; if they do something this way, it must be the wrong way to do it. The joke is, “what’s the time difference between Sydney and Brisbane? About 1 hour and 30 years.” Whereas in Europe it’s universal, and in America it’s almost universal on the mainland, apart from a fraction of one state. So there isn’t as much of that comparison.
Which is all really frustrating, because all the data is so clear that it’s a bad thing. Car crashes, heart attacks, suicides, all go up because of it.