Afternoon Update: cautious welcome for new RBA governor; Peter van Onselen loses case; and watch Fran Drescher’s fiery Hollywood strike speech

Michele Bullock will become Australia’s first female Reserve Bank of Australia governor, replacing Philip Lowe. Photograph: AAP

Good afternoon. Michele Bullock’s appointment as the incoming RBA governor this morning has been welcomed – albeit cautiously by some.

The finance minister, Katy Gallagher, pointed to Bullock being the first female Reserve Bank governor as a “historic moment for Australia”. The Greens, who had pushed for the outgoing chief Philip Lowe to be replaced, were less enthusiastic, saying Bullock’s appointment was “business-as-usual” given her prior role as RBA deputy governor.