Individual bankers who have done the wrong thing should be punished but Australia doesn’t need its system “gummed up” with excessive regulation, Tony Abbott is warning ahead of the banking royal commission revealing its recommendations later today.
Barnaby Joyce has denied breaching the ministerial code of conduct and apologised to his estranged wife, daughters, pregnant partner and voters after his extra-marital relationship was revealed.
The Turnbull government will stick with its existing climate policies after a year-long review concluded they are good enough to meet Australia’s international commitment to cut emissions.
Labor senator Katy Gallagher’s eligibility to sit in parliament is likely to be tested by the High Court after the Greens decided they were inclined to support any government referral.
Federal Labor says it no longer receives donations from Chinese businessman Huang Xiangmo, which is in stark contrast to the Coalition, led by Malcolm Turnbull.
Australian businesses could stand to make billions from climate-related investments but they’ll need the right government frameworks to help it happen.