Key occasions
Henry Belot
Victorian regulator weighs unprecedented intervention in AFL’s struggle with bookmakers over playing income
The Victorian playing regulator is contemplating whether or not to make an unprecedented intervention in a dispute between the AFL and bookmakers, which may set a restrict on the league’s income from wagering.
Earlier this yr, the AFL proposed a major improve to the sum of money it receives from every wager positioned on its sport. The league additionally proposed a minimal $20,000 annual charge for all bookmakers, together with small operators who concentrate on racing.
Leaked paperwork seen by Guardian Australia revealed the money seize was justified as a technique to deal with what AFL executives termed an “unprecedented” improve in “integrity risks” posed by the wagering business, which has exploded in recognition lately.
The paperwork outlined considerations the AFL’s integrity system was significantly poor and struggled to establish whether or not gamers, coaches and workers had been utilizing inside data to govern betting markets, in breach of their contracts.
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Good morning, Nick Visser right here to take you thru Friday’s information. Let’s get into it.
Shock jobless hike could set off rate of interest reduction
A shock leap within the jobless price may assist cement the case for an rate of interest lower, delivering welcome reduction for householders, Australian Related Press stories.
The unemployment price bucked market expectations, rising from 4.1% to 4.3% in June, in keeping with the Australian Bureau of Statistics.
Although the consequence was sudden, ex-Reserve Financial institution economist Luke Hartigan stated it met the central financial institution’s year-end unemployment forecast.
“This just adds information to say that some modest reduction in interest rates is warranted,” the College of Sydney economics lecturer advised AAP.
After its July assembly, the central financial institution disillusioned mortgage-holders and shocked market economists by opting to carry the money price at 3.85% in a cut up choice.
Whereas the current unemployment improve has put the speed at its highest degree since November 2021, Dr Hartigan maintained different metrics confirmed the market was nonetheless comparatively strong.
“This is the first uptick in a little while, so it’s a little bit concerning,” he stated.
“But in the context of where the unemployment rate is now versus where it’s been in the past, it is still very low.”
Wreckage of lacking airplane positioned in Snowy Mountains
Jordyn Beazley
A airplane that took off from Wangaratta in Victoria on Tuesday and by no means arrived at its deliberate vacation spot on the south coast of New South Wales is believed to have crashed.
NSW police stated yesterday that rescuers had positioned wreckage close to the airplane’s final identified GPS location within the Snowy Mountains.
The one particular person on board the 1966 Beechcraft Debonair plane was 74-year-old David Stephens from Brogo close to Bega.
In an announcement to Bega District Information, his spouse, Lynda, stated:
Sadly, David disappeared on his flight dwelling on Tuesday … after having his plane inspected.
David has fairly a little bit of expertise flying the airplane, however we are able to’t know what scenario he was going through, and we’ll solely have solutions as soon as they find the airplane and, with that, David.
Emergency companies had been notified on Tuesday afternoon that the airplane could have crashed.
A multi-agency rescue effort was then launched. NSW police now has carriage of the matter and can proceed to analyze.
Welcome
Good morning and welcome to our reside information weblog. I’m Martin Farrer with the breaking tales to begin the day after which it’ll be Nick Visser to take the helm.
The wreckage of airplane lacking on a flight from Wangaratta in northern Victoria to the south coast of New South Wales has been positioned within the Snowy Mountains. Media stories say the one particular person on board was 74-year-old pilot, David Stephens from Brogo close to Bega. Extra particulars to return.
Apprehensive mother and father are on the lookout for alternate options to childcare centres after sexual abuse allegations in opposition to a Melbourne man who labored at 24 amenities. For Dad and mom, a parenting group, says the system is damaged and must evolve to satisfy the wants of contemporary households. They consider authorities grants ought to be widened to incorporate grandparents, nannies, au pairs and co-working areas that enable mother and father to maintain kids shut. Extra arising.
