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Australia news LIVE: RBA raises rates to 11-year-high; PM to cement AUKUS submarines deal in US

Caroline Schelle and Anna Patty
Updated ,first published

Today’s headlines

By Anna Patty

Thanks for joining us today. Here’s a rundown of some of today’s major headlines:

  • RBA governor Philip Lowe flagged they could “pause” rate rises, but it depended on the strength of the jobs market. Yesterday rates rose to 3.6 per cent, the highest in more than a decade.
  • Prime Minister Anthony Albanese spoke at Perth airport, before he flew to India and flagged Australia’s security relationship with the country was key. He will also meet with US President Joe Biden about the AUKUS deal.
  • The flag at Parliament House will be replaced, after its ‘tattered’ condition sparked outrage from a Liberal MP.
  • Fox Corp chairman Rupert Murdoch questioned whether Fox News hosts went too far in their coverage of voter fraud claims, according to a trove of new documents released today.
  • In state news, Sydney’s trains are running again after a communications failure disrupted the network, but executives advised commuters to delay their trip home tonight by an hour to 90 minutes.
  • NSW Premier Dominic Perrottet and Labor leader Chris Minns went head-to-head in a debate ahead of the state election.
  • In Victoria, a state-owned logging agency will be forced to compensate customers $38 million for failing to supply timber.

Union test case on bank overtime hours

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Demands that National Australia Bank employees work long overtime hours without pay to meet targets or be considered for promotions will be examined in a union test case.

The Finance Sector Union of Australia has filed Federal Court proceedings against NAB and subsidiary MLC on behalf of four managers allegedly required to work up to 16 hours a day to meet excessive workload demands.

Some managers had to work weekends without pay and sometimes without meal breaks to avoid being fired, or complete tasks assigned to them, said FSU national secretary Julia Angrisano.

FSU national secretary Julia Angrisano.

“These relentless long work days are affecting the health of the managers, leading to them suffering stress, anxiety, fatigue and exhaustion,” she said.

Coalition questions Melbourne Uni support for Voice

By Paul Sakkal

The federal opposition has questioned the University of Melbourne’s decision to announce its support for the Voice to parliament.

Vice-chancellor Duncan Maskell emailed university alumni on Tuesday stating the university’s council and executive “affirm their support for the Uluru Statement from the Heart and the ‘yes’ position in the referendum, and look forward to the parliamentary process that would follow such an outcome”.

University of Melbourne vice-chancellor Professor Duncan Maskell.Elke Meitzel

Senator Sarah Henderson, the shadow education spokeswoman, questioned whether a university should be taking a side in the referendum.

“It is of concern that a number of universities, including the University of Melbourne, have adopted a position on an Indigenous Voice to Parliament which could potentially undermine academic freedom,” she said in parliament on Wednesday.

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‘Skilled criminal behind Optus hack’: CEO

By Millie Muroi

The chief executive of Optus has maintained that the cyberattack on her telco in September was perpetrated by a skilled cyber criminal and revealed the company lost customers in its immediate aftermath.

At a business summit in Sydney on Wednesday, Optus boss Kelly Bayer Rosmarin said the attack was carried out by a motivated individual and crafted specifically for the company.

“The cyberattack was not a casual crime of opportunity,” Rosmarin said. “The skilled criminal had knowledge of Optus’ systems and cycled through many tens of thousands of internet protocol addresses in an attempt to evade our automated cyber monitoring.”

Read the full story here

Optus CEO Kelly Bayer RosmarinAFR

Train disruption resolved - but officials advise commuters to delay their journey home today

By Anna Patty

Sydney’s trains are running again, but executives are advising commuters to delay their trip home this evening by an hour or so if they can.

Officials warn there will be service gaps during the evening peak period. The gaps will vary on different lines.

Sydney Trains chief executive Matt Longland said his advice to commuters was: “if you are able to delay your trip for around 60 to 90 minutes - so think about maybe travelling later in the peak hour - 5.30-6.30pm - you’ll have a much less challenging journey home on the rail network tonight.”

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Timetable and shift changes would further contribute to impact of the delays.

Live update on rail disruption

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Live press conference : Transport for NSW chief operations officer Howard Collins and Sydney Trains chief executive Matt Longland will provide an update on disruption to train services.

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Disruption cripples Sydney rail network

By Sarah Keoghan

Sydney’s rail network has been brought to a standstill on Wednesday, with a communications issue affecting all train lines ahead of the afternoon peak hour.

A statement from Transport NSW warned the issue would affect services through the afternoon peak, and urged commuters to allow plenty of extra travel time.

“We expect this to continue through afternoon peak services,” the statement said.

“Trains may stop on platforms or between stations for longer than normal while the issue is ongoing. We’ll update you when we have more information.”

Commuters at Town Hall station.Louise Kennerley

New Zealanders traced after Cyclone Gabrielle

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New Zealand’s recovery from Cyclone Gabrielle has passed a mighty milestone, with police clearing the long list of people reported as uncontactable in the storm’s wake.

However, the country remains in a state of national emergency four weeks after Gabrielle’s arrival, with the removal of silt looming as the next major challenge.

The death toll is 11, nine from North Island’s eastern regions of Hawke’s Bay and Tairawhiti, and two from the west coast of Auckland.

Families clean up their flood ravaged house in Napier in New Zealand’s north island after Cyclone Gabrielle struck.AP

Police have announced the number of people recorded as uncontactable, which once stood over 6000, is now at zero, meaning early fears of a ballooning death toll have not been realised.

Chalmers says government pursuing cautious economic reform

By Paul Sakkal

Teal MP Allegra Spender has urged the Albanese government to embark on wholesale economic reform to lift living standards, but Treasurer Jim Chalmers says the government is making modest, meaningful changes to improve the economy and budget.

Spender, who represents the Sydney seat of Wentworth, said successive governments had failed to pursue difficult economic policies that made a wholesale difference to Australia’s prosperity.

“When will we see a real tax and spending reform agenda from this government?” she asked in question time in Canberra.

Member for Wentworth Allegra Spender.Alex Ellinghausen

Chalmers argued the government was “reforming the tax system in modest, methodical but meaningful ways”.

“When it comes to superannuation, tax concessions, when it comes to aligning the off market and non-market treatment of share buybacks, when it comes to multinational tax reform,” he said.

“These changes to our tax system will make our budget more sustainable over time.”

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Fight over power bills in question time

By Paul Sakkal

Acting Prime Minister Richard Marles has claimed the Albanese government’s gas market intervention is pushing down power prices and easing strain on household budgets.

Acting PM Richard MarlesRhett Wyman

Marles, who is leading the government in question time as Anthony Albanese leads a delegation to India, said the gas price caps announced in December had helped lower bills, which are at the centre of political debate in Canberra this week as interest rates rose for ten straight months.

“When you look at the forward electricity prices, as they were presented in February this year, they are half of what they were in November. Half,” Marles said. “They made a difference and those opposite voted against it.”

Marles was responding to shadow treasurer Angus Taylor, who asked: “Can [Marles] confirm telling the Australian people weeks before the last election that ‘Labor has a plan when it comes to the cost of living [and] we are going to ease the pressure on power bills’?“

“And can the acting prime minister name a single suburb in Australia where power prices have been reduced?”

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