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| Turnbull to unveil new banking regulations – politics live | Turnbull to unveil new banking regulations – politics live |
| (35 minutes later) | |
| 10.30pm BST22:30 | |
| Fellow politics tragics will know an election is underway in Canada that might see the end of the Harper government. Naturally we are covering that event live, and you can check in here. The latest blog summary notes with several hours yet until polls close, the race is still very much a close call. | |
| While still in the other hemisphere, we can also note former prime minister Julia Gillard has appeared in a campaign endorsement for the Democratic presidential aspirant, Hillary Clinton. | |
| Hillary has what it takes to lead America. Watch the new video on her accomplishments as Secretary of State: https://t.co/NHCzrdNskT | |
| Julia Gillard: | |
| Hillary Clinton understood in her heart how important it was for girls to get an opportunity, but she also understood in her head that if we want to build peaceful, economically prosperous nations, then we have to educate girls. She was determined to see that women take their place as economic partners in their community, and take their place as political leaders in their community. | |
| (Who runs the world? Girls girls. Who runs the world ..) | |
| 10.23pm BST22:23 | |
| To Four Corners before we get run down by the Murray inquiry. The only thing you can say about last night’s program is .. extraordinary television .. but you had to have the stomach to inhabit a very, very strange universe. | |
| Monday night’s program was in essence a fly-on-the-wall documentary about the lives of the former Health Services Union official Kathy Jackson and her husband Michael Lawler. Lawler (an appointee of Tony Abbott when he was workplace minister in the Howard government) is vice-president of the Fair Work Commission. | |
| The pair supplied Four Corners with a wealth of new angles in a story that was already an airport novel saga – covert recording of phone calls, an explicit concession from Lawler that Jackson may have committed criminal offences, home videos recording trips taken at HSU expense. It was a complete car crash, and their too obvious consent to document their own car crash in minute detail (including supplying re-enactments of choice moments) is impossible to fathom. ABC reporter Caro Meldrum-Hanna managed to assume an heroic deadpan expression throughout the quite mad encounters depicted in her report, which underscored the gap between reality and the world the two protagonists have created for themselves and each other. | |
| Ahead of the program going to air, the employment minister Michaelia Cash confirmed that former federal court judge Peter Heerey will conduct an independent review. | |
| Michaelia Cash: | |
| It is essential that public confidence is maintained in the institution of the Fair Work Commission. I will not be commenting on the specific complaints before the independent investigator has had an opportunity to report back to me on this matter. | |
| Updated at 10.39pm BST | |
| 9.57pm BST21:57 | 9.57pm BST21:57 |
| Top of the morning | Top of the morning |
| Hello good people and welcome to Tuesday. As we go live this morning a number of my colleagues are locked up downstairs in a briefing about the Murray inquiry. | Hello good people and welcome to Tuesday. As we go live this morning a number of my colleagues are locked up downstairs in a briefing about the Murray inquiry. |
| The government intends to respond today to the recommendations delivered last year by former banker and Future Fund supremo, David Murray. Murray was tasked by Tony Abbott and Joe Hockey to look at Australia’s banking sector and advise the government how to make improvements to strengthen financial resilience and to boost competition. | The government intends to respond today to the recommendations delivered last year by former banker and Future Fund supremo, David Murray. Murray was tasked by Tony Abbott and Joe Hockey to look at Australia’s banking sector and advise the government how to make improvements to strengthen financial resilience and to boost competition. |
| He recommended the banks increase their current capital ratios to ensure they were in a position to absorb future financial shocks – a move the banks say will increase costs to shareholders or customers. In addition to recommendations about better regulation of financial advisers, and lowering bank interchange fees, Murray also recommended a number of tax reform measures, criticising generous housing and superannuation concessions. It will be interesting to see how the government responds. | He recommended the banks increase their current capital ratios to ensure they were in a position to absorb future financial shocks – a move the banks say will increase costs to shareholders or customers. In addition to recommendations about better regulation of financial advisers, and lowering bank interchange fees, Murray also recommended a number of tax reform measures, criticising generous housing and superannuation concessions. It will be interesting to see how the government responds. |
| My colleague Daniel Hurst is in the briefing and we expect to have particulars shortly after 9am. | My colleague Daniel Hurst is in the briefing and we expect to have particulars shortly after 9am. |
| To non-Murray matters, the news cycle this morning is following through the major issues from yesterday. After a day in estimates going over the details of Tony Abbott’s (alleged) boozy farewell in the cabinet suite which resulted in the destruction of a bespoke marble topped table (yes, the Incredible Hulk is rumoured to have made an appearance) – the former prime minister has now agreed to pick up the tab. | To non-Murray matters, the news cycle this morning is following through the major issues from yesterday. After a day in estimates going over the details of Tony Abbott’s (alleged) boozy farewell in the cabinet suite which resulted in the destruction of a bespoke marble topped table (yes, the Incredible Hulk is rumoured to have made an appearance) – the former prime minister has now agreed to pick up the tab. |
| In a statement issued last night, Abbott said: | In a statement issued last night, Abbott said: |
| On the night of the leadership change I hosted drinks in the cabinet anteroom for staff and colleagues. During this event a coffee table was damaged. I have asked my office to have the Department of Parliamentary Services invoice me for the value of the table. It was my event so I take responsibility for it. | On the night of the leadership change I hosted drinks in the cabinet anteroom for staff and colleagues. During this event a coffee table was damaged. I have asked my office to have the Department of Parliamentary Services invoice me for the value of the table. It was my event so I take responsibility for it. |
| Abbott has not, thus far at least, indicated that he’ll pick up the tab for the booze. Officials confirmed last night tired and emotional guests were served beverages from the official alcohol stash. | Abbott has not, thus far at least, indicated that he’ll pick up the tab for the booze. Officials confirmed last night tired and emotional guests were served beverages from the official alcohol stash. |
| I’ll get to Four Corners in the next post (I don’t know about you but I’m still recovering) but another significant thing to bookmark is a call by the Human Rights Commission president Gillian Triggs for greater oversight of immigration detention centres. | I’ll get to Four Corners in the next post (I don’t know about you but I’m still recovering) but another significant thing to bookmark is a call by the Human Rights Commission president Gillian Triggs for greater oversight of immigration detention centres. |
| In an interview last night on the Lateline program, Triggs has criticised the treatment of the Somali refugee who was allegedly raped and impregnated on Nauru. The woman was then brought to Australia for a termination before being dispatched quickly back to Nauru without the termination. Refugee advocates and immigration minister Peter Dutton have been jousting over the specific details of the case for several days. | In an interview last night on the Lateline program, Triggs has criticised the treatment of the Somali refugee who was allegedly raped and impregnated on Nauru. The woman was then brought to Australia for a termination before being dispatched quickly back to Nauru without the termination. Refugee advocates and immigration minister Peter Dutton have been jousting over the specific details of the case for several days. |
| Gillian Triggs: | Gillian Triggs: |
| A young woman, 23 years old, obviously very distressed from the facts to the extent that one can glean them, a woman who really needs counselling and a safe environment. It’s extraordinary that she was expected to reach a decision in such a short space of time and when the answer wasn’t given immediately she’s literally air lifted back to Nauru. | A young woman, 23 years old, obviously very distressed from the facts to the extent that one can glean them, a woman who really needs counselling and a safe environment. It’s extraordinary that she was expected to reach a decision in such a short space of time and when the answer wasn’t given immediately she’s literally air lifted back to Nauru. |
| It makes a much broader point that the lack of transparency, the secrecy with which we conduct these detention centres and what goes on in them and of course in our own detention centres in Australia, that is really a core problem and why we really need some form of independent monitoring. | It makes a much broader point that the lack of transparency, the secrecy with which we conduct these detention centres and what goes on in them and of course in our own detention centres in Australia, that is really a core problem and why we really need some form of independent monitoring. |
| That we do. We really, really do. Perhaps the government could use its renewed interest in human rights (we heard something of this from the foreign minister and the attorney-general yesterday) to deliver on that modest imperative. There’s another terrible story around this morning: an Afghan asylum seeker living in Australia on a bridging visa is feared dead after he self-immolated during a video call with refugee advocates. | That we do. We really, really do. Perhaps the government could use its renewed interest in human rights (we heard something of this from the foreign minister and the attorney-general yesterday) to deliver on that modest imperative. There’s another terrible story around this morning: an Afghan asylum seeker living in Australia on a bridging visa is feared dead after he self-immolated during a video call with refugee advocates. |
| It’s time to open today’s Politics Live conversation. Consider the thread at your disposal. I’m also at your disposal on the Twits. You can find me there @murpharoo and Jerry Seinfeld, AKA Mikearoo, is at @mpbowers | It’s time to open today’s Politics Live conversation. Consider the thread at your disposal. I’m also at your disposal on the Twits. You can find me there @murpharoo and Jerry Seinfeld, AKA Mikearoo, is at @mpbowers |
| Fire up the office Nespresso. Get a Monte Carlo, you might need one. Here comes Tuesday. | Fire up the office Nespresso. Get a Monte Carlo, you might need one. Here comes Tuesday. |
| Updated at 9.59pm BST | Updated at 9.59pm BST |