Tag: Senate estimates
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RBA Governor Michele Bullock Faces Senate, ASX Slips as Gold and Oil Tread Water
RBA Governor Michele Bullock Testifies at Senate Estimates Australia’s central bank was back in the spotlight as RBA Governor Michele Bullock faced questions at the Senate Estimates hearing on Friday. The session focused on monetary policy transmission, housing affordability, and the risks around government guarantees in the First Home Guarantee scheme, drawing direct lines between…
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RBA Governor Michele Bullock Faces Senate Hearing as ASX Hearts the Week End Lower
RBA Governor Michele Bullock front and centre at Senate estimates Australian markets closed the week with modest losses as the Senate Estimates hearing put the spotlight on the Reserve Bank’s role in the country’s housing market and broader inflation dynamics. Governor Michele Bullock faced pointed questions about the central bank’s pandemic-era policy, its influence on…
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RBA Governor Michele Bullock at Senate Estimates Hearing and a Soft-Closing ASX Week
RBA Governor Michele Bullock Faces Senate Estimates Australian central bank governor Michele Bullock appeared before Senate Estimates on a day of mixed signals for the economy. The session focused on monetary policy transmission, housing affordability, and the future path of interest rates as inflation remains a focal point for policy makers. Bullock asserted that while…
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RBA Chief Warns First Home Guarantee Could Lift LVRs and Riskier Loans
RBA Warning: First Home Guarantee May Increase LVRs The Reserve Bank of Australia (RBA) is flagging potential risks tied to the federal government’s expanded First Home Guarantee scheme. Central bank governor Michele Bullock told Senate estimates that while the policy aims to boost home ownership, it could, on balance, lead borrowers to take on higher…
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Optus outage alerts sent to wrong government email amid Senate inquiries
Overview of the incident Australian telecom giant Optus faced fresh scrutiny after it sent two outage notifications to an incorrect, defunct government email address on September 18. The messages went to a non-monitored inbox at the Department of Communications, Broadband, Communications and the Digital Economy, seven minutes apart, despite Optus repeatedly using the correct channels…
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Australia News LIVE: Optus Triple Zero outage fallout, Gaza talks
Australia’s Triple Zero crisis dominates headlines as Senate inquiry reveals misdirected Optus notifications The day’s top story in Australian politics and public safety centers on the Optus Triple Zero outage and the subsequent Senate estimates hearing revelations. Officials confirmed that Optus sent two emails about the September 18 outage to an incorrect address at the…
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Optus Outage: Wrong Government Email Sparks Senate Hearing and Questions Over Notification Failures
Overview: A Misrouted Notification During a Critical Outage Optus faced intense scrutiny after it sent warnings about a September 18 outage to an incorrect, unmonitored Department of Communications email address. In a hearing before the Senate estimates committee, department officials confirmed the two emails were delivered seven minutes apart to a defunct inbox, with no…