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Published on: Friday, June 14, 2019

1. Finance Minister Mathias Cormann said the Coalition has no intention of splitting its income tax cut legislation and that the government will not negotiate with Pauline Hanson or the Centre Alliance senators to pass the plan in an article for The Australian. "The way for Labor to help deliver income tax relief for low-income earners quickly is by voting­ for our entire plan both in the house and in the Senate in the first week of July," Cormann wrote.

2. Jacqui Lambie has met with Stirling Griff and Rex Patrick from the Centre Alliance to discuss forming a voting bloc that could determine whether or not the Coalition's bills pass. "There are some things we don’t see eye-to-eye on but in the first instance we’ll sit down and talk with about our ­respective thoughts on upcoming legislation and, if we can reach agreement, then it ­becomes an ­effective bloc to pass or reject legislation," Griff said.

3. APRA has issued directions and imposed additional licence conditions on AMP Super to "make significant changes to its business practices" in the wake of the Hayne royal commission. "Areas identified for improvement include conflicts of interest management, governance and risk management practices, breach remediation processes, addressing poor risk culture and strengthening accountability mechanisms," APRA said in a statement.

4. Uber CEO Dara Khosrowshahi has described Australia as one of the "bright spots" of its global operation in an interview with the AFR. Khosrowshahi told the AFR that "If the world looked like Australia I might be taking a vacation next week".

5. The Dow Jones rose 0.39% to 26,106.77 overnight, the S&P 500 gained 0.41% to 2,891.64 and the Nasdaq closed 0.57% higher on 7,837.13.


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