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The Latest Breaking News from Daniel Mulino

Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

AAP

Poll surge for populists trigger for PM's tax backflip

Australians believing the economy wasn't working for them forced the federal government to change its stance and implement controversial tax reforms.

AAP

Scam victims to get automatic financial compensation

Up to $3000 will be reimbursed to Australians who lose money through simple scam operations in order to lower the cost of investigations.

AAP

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Budget to address 'immediate needs' of households: PM

The upcoming federal budget is widely tipped to pare back incentives for property investors as the prime minister promises to tackle intergenerational inequity.

AAP

Tech giants face new levy to pay for Australian news as Meta calls position ‘simply wrong’

Google also rejects need for reform after Albanese government reveals draft news bargaining incentive scheme

The Guardian - AU

Past disruptions show Australian workers can weather AI

A federal government minister says Australia could see the creation of lots of jobs involving empathy and human connectedness as AI adoption increases.

AAP

Super giants tapped to compensate for self-managed duds

The federal government will force retail and industry super funds to help compensate people who lose their retirement nest eggs to failed private schemes.

AAP

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Bad genes ban: insurers to be blocked from using data

Insurance companies will be banned from taking Australians' genetic tests into account when offering cover, in a push to address gene discrimination.

AAP

Kyle Sandilands rails against ‘pearl-clutchers’ and ‘activist haters’ as regulator reins in radio duo’s antics

Hosts also haunted by mushroom trial comments in dramatic week for Kyle and Jackie O Show. Plus: News Corp reignites fight with ABC

The Guardian - AU

Tech companies pushed to pay for Australian news

Social media and search engines must pay for local news or face other financial charges in a government bid to fund Australian journalism.

AAP

Tapped out: cash advocates suss on mandate plan

The federal government's planned cash mandate will ensure an ongoing place for hard currency but cash advocates say its a step towards a tap-only society.

AAP

ATO Issues Warning As New Data Shows Over 7 Million Aussies Have Lost Or Unclaimed Super

The ATO said the average amount of unclaimed super per Australian stands at $2590, but this could grow to tens of thousands of dollars.

Pedestrian.tv

Customers are missing out on bonus savings rates — and banks don’t have to actively warn you

Conditional savers at ING who fail to meet monthly conditions do not receive bonus interest but despite regulatory advice, the bank does not actively alert customers who might miss out

The Guardian - AU

Unspent disaster funds to flow to latest floods victims

While some support funds have become available, others are still being finalised, as a flood recovery co-ordinator takes charge of the clean-up efforts.

AAP

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The Conversation

View from The Hill: two ministers and the Nationals discover the limits of loyalty in politics

Labor’s extraordinary election result has triggered a power play that has exposed the uglier entrails of Labor factionalism.

AAP

Building bans and buybacks floated for flood zones

A federal investigation into flood insurance failures urges an end to building in high-risk areas and government intervention to stop skyrocketing premiums.

AAP

Battle of Kim and Goliath as bank closes amid loophole

A NSW town will lose its ANZ branch because it isn't considered regional, just months after the bank committed to keep country locations open for three years.

AAP

Bank chiefs don't rate a quick end to costs crunch

Interest rates might have reached their peak but the head of Westpac says many households are still grappling with tight budgets.

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Pedestrian.tv

Peter Dutton’s 18 Y.O. Son Snapped On Snapchat Holding A Bag Of White Powder

A photo of Liberal leader Peter Dutton's son holding a 'white powder' on the Gold Coast has circulated online.

AAP

Cash leaves flood survivors making do in the aftermath

Australians left to deal with the "devastating impact" of significant flooding damage are faced with complex insurance policies that offer little to no support.

AAP

RBA governor sticks to the script on future rate rises

Not spooked by an unexpected uptick in the headline jobless rate, the Reserve Bank has stuck with its hawkish stance on interest rates.

AAP

RBA must learn from pandemic errors

The Reserve Bank needs to take on board the lessons learnt from its poorly communicated forward guidance, a parliamentary committee has found.

AAP

Household energy bills soar by 25 per cent

Household and small business energy bills are soaring and the consumer watchdog is monitoring the industry for signs of price-gouging.

The Conversation

Income redistribution or social insurance? A federal MP considers the future of the welfare state

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

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