Labor challenges Coalition on jobmaker disadvantages for older workers – politics live

Government says young Australians face highest rate of unemployment and denies hiring credit will result in age discrimination. Follow the latest updates

4.24am GMT

Consumer groups have cautiously welcomed Morrison government legislation introduced to parliament today to bolster protections against companies that use high-pressure tactics to sell bad financial products such as useless insurance.

But they point out that treasurer Josh Frydenberg has already broken his pledge to implement the banking royal commission’s 76 recommendations by ditching responsible lending laws that Kenneth Hayne should be kept.

There are still some critical reforms to come in further legislation next year.

In this context, it is astonishing that the Government is proposing to axe safe lending laws.

4.21am GMT

Ed Husic is leading his MPI by talking about the amount of love he has received from the government since ascending to the shadow cabinet.

There has been a lot of attention.

Continue reading…

Next Post

Joe Biden picks Ron Klain as White House chief of staff

Thu Nov 12 , 2020
Elizabeth Warren, the Massachusetts senator and former Biden rival for the party nomination, is being talked about as possible treasury secretary. Former Federal Reserve chair Janet Yellen and Atlanta Federal Reserve president Raphael Bostic, who would be the first-African-American in the role, are also names being considered. Related posts: Australian […]