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Key posts
- PM digs in on Voice as Dutton calls for referendum rethink
- ‘Catastrophic implosion’ doomed missing submersible: US Coast Guard
- This morning’s headlines at a glance
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Insurers to repay $815 million after overcharging consumers
More than 5.6 million consumers are on track to receive $815 million in compensation after the corporate regulator uncovered pricing failures by 11 general insurers that led to clients being overcharged.
In a report released today, the Australian Securities and Investments Commission (ASIC) said more than 6.5 million insurance policies had been affected across breaches reported between January 2018 and October 2021.
ASIC Deputy Chair Karen Chester said about half of the remediation payments had been made to customers so far.Credit: Alex Ellinghausen
ASIC deputy chair Karen Chester said breach reports during that period included those relating to misconduct well before 2018 and that the $815 million figure was a “pure remediation number,” that excluded additional costs insurers were expected to face to process the payments and fix their processes.
The full story is available here.
PM digs in on Voice as Dutton calls for referendum rethink
Prime Minister Anthony Albanese has dismissed an appeal from Peter Dutton to call off or rethink the upcoming referendum, insisting constitutional recognition of Indigenous Australians must be achieved by enshrining a Voice to parliament in the nation’s founding document.
At the end of a week dominated by a bitter debate over the Voice, mental health advocacy group the Black Dog Institute warned there were early signs the tenor of the national discussion was already taking a toll on Indigenous Australians.
Prime Minister Anthony Albanese during question time in the House of Representatives at Parliament House in Canberra.Credit: Rhett Wyman
“There isn’t any official research on it, but what we are witnessing at a ground level is that there is definitely an increase in tension in our communities, which we can relate to the current conversations that are going on around the Voice and the referendum,” said Dr Clinton Schultz, director of First Nations partnership and strategy at the Black Dog Institute.
Keep reading about the Voice to parliament here.
‘Catastrophic implosion’ doomed missing submersible: US Coast Guard
Five men who went missing during an expedition to see the wreck of the Titanic died after a “catastrophic implosion” of their vessel.
Four days after the OceanGate Expeditions vessel disappeared off the coast of Canada on Sunday, the US Coast Guard announced that a debris field discovered on the ocean floor near the Titanic on Thursday morning (US time) was linked to the missing submersible.
An undated image showing OceanGate’s Titan submersible vehicle.
All five passengers – British billionaire Hamish Harding, British-Pakistani businessman Shahzada Dawood and his son, Suleman; French maritime expert Paul-Henri Nargeolet and OceanGate chief executive Stockton Rush – are now believed to be dead.
Their bodies are unlikely to be recovered as an investigation examines what went wrong.
“This morning, an ROV or remote operated vehicle from the vessel Horizon Arctic discovered the tail cone from the Titan submersible approximately 1600 feet (about 487 metres) from the bow of the Titanic on the seafloor,” said Rear Admiral John Mauger.
Read the full story here from North America correspondent Farrah Tomazin.
This morning’s headlines at a glance
Good morning, and thanks for your company.
It’s Friday, June 23. I’m Caroline Schelle, and I’ll be anchoring our live coverage for the first half of the day.
Here’s what you need to know before we get started:
- The head of the Treasury is one of the candidates who are in the running for the top job at the Reserve Bank, with the treasurer planning to make an announcement next month.
- Prime Minister Anthony Albanese has dismissed an appeal from Peter Dutton to call off or rethink the upcoming referendum on the Voice to parliament.
- Crossbench senators raise concerns about a budget measure to double the length of medicine scripts, pushing the government to go back to the negotiating table with pharmacies.
Anthony Albanese rejected bids from the opposition to call off the Voice to parliament referendum.Credit: Rhett Wyman
- A senior Air Force commander will become Australia’s first cybersecurity tsar, as the federal government responds to one of the biggest data breaches in the country’s history.
- A leading military expert says there is a 50 per cent chance Australia will be drawn into a devastating war between the United States and China over Taiwan within five years.
- Tragically the five people onboard a submersible to view the Titanic have died in a catastrophic event.
- And in other overseas news, Ukraine says it wants to make its economy cashless as soon as possible to stamp out corruption.
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