SBS Korean Program analyses and sums up the top stories featuring today in the Australia's mainstream newspapers.
Financial Review
NAB's embattled CEO Andrew Thorburn and chairman Ken Henry have capitulated to
growing pressure and announced their intentions to resign as the crisis of
confidence swirling around the bank came to a head.
Australian shares soared to a four-month high a day after the Reserve Bank
indicated it was open to cutting interest rates, lifting dividend-friendly
property and bank stocks.
The Australian
National Australia Bank has sought to appease angry investors and address its
culture of scandals by forcing the exit of chief executive Andrew Thorburn and
announcing the departure of chairman Ken Henry, after stinging criticism of the
pair in the Hayne royal commission's final report.
Australia has lodged a diplomatic protest with Beijing after a longstanding
consular treaty with China was breached over the detention of three Australian
citizens originally from the communist nation.
A forensic inquiry into the tragic short lives of 13 indigenous children and
young people in the Kimberley has chronicled dysfunction in remote towns and
communities and found serious flaws in a child protection system that favours
relatives as informal carers for children whose parents have failed them.
The Sydney Morning Herald
National Australia Bank's leadership is in disarray after chairman Ken Henry and
chief executive Andrew Thorburn both resigned yesterday following blistering
criticism from the banking royal commission and a deepening crisis over alleged
rorts by a former senior staffer.
Police have frozen nearly $8 million in assets owned by the former chief of
staff to outgoing National Australia Bank boss Andrew Thorburn, including a $1
million NAB bank cheque, as part of its investigation into an alleged fraud
inside the bank.
Michael Daley's staff used a secret hotline - reserved for MPs to help
constituents - to get the NSW Labor leader out of an undisclosed speeding ticket
by blaming his wife.
The Herald Sun
Victoria Police has confirmed it is investigating former lord mayor Robert Doyle
over "historical sexual assault matters". Several women have been interviewed by
police in relation to Mr Doyle over the allegations.
National Australia Bank chief executive Andrew Thorburn and chair Ken Henry will
both leave the banking giant after being savaged in the final report from the
banking royal commission.
David Jones chief David Thomas has also abruptly left
the nation's oldest department store four months after he was subject to a
discrimination complaint.
The barrister who represented convicted cop killer Jason Roberts said a
backdated statement presented at the Silk-Miller murder trial "tells a lie".
The Daily Telegraph
Three top execs at David Jones and NAB were ousted yesterday with the trio
falling over separate scandals in a horror day for Australian business.
Nearly half a billion dollars will be poured into Western Sydney congestion hot
spots to free 65,000 motorists from regular traffic snarls and reduce accidents.
Colourful Assistant Roads Minister Scott Buchholz wrapped up an Australian
Defence Force member in a birthday hug, which resulted in a complaint after the
female officer felt the embrace lingered for too long.
