It was a great story.
Philip Lowe had taken over as Reserve Bank governor after 25 years of uninterrupted economic growth. The Australian economy was transitioning nicely away from the country’s biggest-ever mining boom. Interest rates had been cut to historic lows in the wake of the 2008 financial crisis and had bottomed out. Inflation and...
Ken Henry on ABC 7.30 Thursday night. "We have not been able to satisfy customer expectations, nor community expectations. As I said, for that, we are deeply sorry."ABCDefensive, some say arrogant, behaviour just cost Ken Henry his job.
Between 2001 and 2011 Henry was the highly regarded head of the federal treasury. He steered Australia through...
The battle over the medical transfers legislation has become something of a thriller for political tragics.
The government is desperate to head off a defeat next week on the bill. That’s just elevated the issue.
If it had let the legislation, passed by the Senate, go to the House of Representatives last year, instead of staging a filibuster,...
The banking royal commission report has claimed its first high-profile victims, with National Australia Bank’s chief executive officer Andrew Thorburn and chairman Ken Henry quitting their positions.
The two were subject to scathing assessments in the report from commissioner Kenneth Hayne.
Hayne said that after having heard from both men he...
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