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As it happened: Calls to provide new passports to Optus breach victims; debate brews over corruption watchdog secrecy

Broede Carmody, Angus Thompson and Nigel Gladstone
Updated ,first published
Pinned post from 6.43pm on Sep 28, 2022
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Today’s headlines

By Nigel Gladstone

That’s all from us tonight, if you’ve just joined us, here are the biggest news events of the day:

Thanks again for following along. Broede Carmody will be with you bright and early tomorrow morning to take you through the news of the day.

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Albanese insists Optus pay for passports as hack reveals legal holes

By Nick Bonyhady, Matthew Knott and Anna Patty

The government will overhaul the nation’s cybersecurity and privacy laws as the Optus hack of almost 10 million people reveals how metadata laws can be used to let telecommunications firms bank huge amounts of customers’ personal data.

Indicating fines for major data breaches will form part of the government’s response to the hack, Prime Minister Anthony Albanese said there needed to be “clear consequences” when companies fail to appropriately secure customer data.

The fallout from the Optus hack has grown, with state and federal governments demanding it pay for replacement documents.Brook Mitchell

“Clearly, we need better national laws after a decade of inaction to manage the immense amount of data collected by companies about Australians,” Albanese told parliament on Wednesday.

“We are dealing with this issue, we know that it does need to be dealt with and we know that this has been an absolute priority for Australians.”

Foreign Minister Penny Wong on Wednesday wrote to Optus boss Kelly Bayer Rosmarin saying there was a serious risk passport holders exposed in the hack could be subject to criminal exploitation, including through fraud and identity theft.

Read more here.

‘The athletes shouldn’t be in this position’: Paralympians furious at Palaszczuk snub

By Chip Le Grand

A bitter rift has emerged between Queensland Premier Annastacia Palaszczuk and para athletes over her refusal to accept ministerial responsibility for both the Brisbane Paralympics and the Olympic Games.

Paralympics Australia and its athletes’ commission have written separate letters to Palaszczuk, the Minister for the Olympics, urging her to reconsider her decision to hive off the Paralympics into a separate portfolio. The decision was taken on the advice of Australian Olympic supremo John Coates.

Premier Annastacia Palaszczuk and former Australian Olympic Committee boss John Coates.Jono Searle

Palaszczuk has been personally lobbied by five-time Paralympian Kurt Fearnley, the newly appointed chair of the National Disability Insurance Agency, and is under growing pressure from other Paralympic athletes and members of the Brisbane 2032 organising committee.

Advocates push federal government to change rules on public hearings

By David Crowe and Angus Thompson

The federal government has gained broad support for its draft law to create a national anti-corruption commission in a sign it will pass the parliament despite a growing dispute over the grounds for holding public hearings.

Advocates for tougher integrity laws including the Greens, independent MPs and former judges backed the Labor proposal on most grounds while urging the government to change the draft to give the commission more scope to hold public hearings.

The independent member for Indi, Dr Helen Haines, shaking hands with Attorney-General Mark Dreyfus after he introduced the National Anti-Corruption Commission Bill in the House of Representatives.Alex Ellinghausen

But Opposition Leader Peter Dutton welcomed the government bill in its current form with a statement of “in-principle” support and a warning against making any changes to encourage more public hearings that could become “show trials” that would damage reputations.

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Albanese government threatens gas exporters with penalties to ensure local supply

By Mike Foley

Gas companies are locked in high-stakes talks with the Albanese government, which is demanding they commit to fill a shortfall forecast for next year to stave off the threat of soaring power bills.

Resources Minister Madeleine King said in July she was negotiating a new heads of agreement with LNG exporters to guarantee local gas supply with three Queensland producers – Origin Energy-backed APLNG, Shell’s QCLNG joint venture and Santos’ GLNG.

Resources Minister Madeleine King presented the east coast gas exporters with her own heads of agreement after the trio failed to unite on a version of their own.James Brickwood

The LNG companies inked a non-binding heads of agreement with the former Coalition government guaranteeing to plug any holes that emerge in the local market. If they do not fulfil their promise, the government could trigger export controls.

The Australian Competition and Consumer Commission has forecast a shortage of 56 petajoules in 2023, equivalent to 10 per cent of domestic demand. Meanwhile, LNG producers are reaping record profits while prices soar.

Victoria on track to breach hospital funding cap: Minister

By Dana Daniel

Public hospitals in Victoria are on track to breach the Commonwealth funding agreement’s 6.5 per cent growth cap, which premiers and chief ministers are seeking to have abolished.

Victorian health minister Mary-Anne Thomas told reporters in Melbourne on Wednesday it was “hard to see a way” the state could avoid exceeding the cap as its hospitals grappled with the ongoing impacts of the COVID-19 pandemic.

Victorian Health Minister Mary-Anne Thomas says it’s “hard to see a way” the state could avoid exceeding the hospital funding cap.Meredith O’Shea

State and territory leaders will raise hospital funding with Prime Minister Anthony Albanese when national cabinet meets on Friday, calling for a more sustainable approach, and reexamine mandatory isolation after reducing it from seven to five days at their August 31 meeting.

“This is obviously an ongoing discussion that we are having with the Commonwealth,” Thomas said.

The Wrap: ASX hits 14-week low as retail sales defy interest rates

By Isabelle Lee, Vildana Hajric, Peyton Forte and Angus Thomson

Welcome to your five-minute recap of the trading day and how the experts saw it.

The numbers: The Australian sharemarket lost early gains to close down on Wednesday, dropping 0.5 per cent to its lowest level in three months.

The ASX 200 closed 34.20 points, or 0.53 per cent, to 6462, its lowest close since June 20. Utilities and communication services were the only two sectors in the green, while the energy sector closed flat after climbing by as much as 3.4 per cent during the session.

The lifters: Coronado Global Resources up 5.9 per cent; Ramelius Resources up 5.7 per cent; and Whitehaven Coal up 3.9 per cent after analysts urged shareholders to vote in favour of its massive share buyback scheme.

The laggards: Telix Pharmaceuticals down 15.4 per cent after European blow; Core Lithium continued its slide, down 7.5 per cent; and Imugene down 5.3 per cent, wiping Tuesday’s gains.

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Reserve Bank warns ASX on tech project delays as shareholders voice concern over executive pay

By Simone Fox Koob

The Reserve Bank of Australia has criticised ASX Limited for failing to keep it updated on delays plaguing ASX’s technology upgrade program, as it emerged ongoing problems with the project cost the market operator’s former chief executive 40 per cent of his last bonus.

The RBA said in its annual assessment of the ASX’s clearing and settlement facilities, released on Wednesday, that a safe and timely replacement of the technology must be the operator’s key priority.

ASX chief Helen Lofthouse says the company is still unable to update the market on when new technology upgrades will go live.Michael Quelch

“Further work is required to provide assurance that the system is being built to meet the required specifications,” the bank said. “The regulators are disappointed by the extent of the delay at an advanced stage of the program.”

ASX, which runs Australia’s main securities trading exchange, is working to switch its clearing and settlement system, known as CHESS (which has been around since the 1990s), with blockchain.

Abortion inquiry to examine barriers to ‘universal access’

By Dana Daniel

A Senate inquiry established today - International Safe Abortion Day - will look at why Australian women are still struggling to access to terminations, as a new campaign demands a $500 Medicare rebate for the service.

Senators voted to establish the inquiry with cross-party support after advocacy group Fair Agenda raised concerns about slow progress on the National Women’s Health Strategy, which all levels of government signed up to in 2020 and promises “universal access to sexual and reproductive health information, treatment and services that offer options to women to empower choice and control in decision-making about their bodies”.

Liberal Tasmanian MP Bridget Archer supports a $500 Medicare rebate for abortion.James Brickwood

Campaign manager Alyssa Shaw said abortion was “an essential medical service” with about a third of Australian women experiencing an unplanned pregnancy in their lifetime, yet most could not rely on their public hospitals to access a termination and had to pay a private clinic.

New driver’s licence questionable protection for Optus customers

By Anna Patty

Optus customers have questioned the level of protection a new driver’s licence will provide because the licence number often used to check their identity would not change.

Minister for Customer Service and Digital Government Victor Dominello has confirmed that Optus customers who apply for a new licence will only get an updated card number and expiry date. The licence number will not change as this would require a lengthier process.

NSW Minister for Customer Service Victor Dominello says new driver’s licences offer extra protection to who have had their personal data hacked. Dominic Lorrimer

The Minister said the new expiry date and card number would offer extra protection because those two details would be different to those on their old licence. He said banks that did not check the card number and expiry date were putting their institution and customer security at risk.

Two Sydney residents who applied for a new licence on Wednesday said they were disappointed they did not get a new licence number.

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