BUSINESS

"There has been speculation that potential misconduct by ANZ in connection with this issuance may have cost taxpayers. From what I have seen, there is no evidence of this. I've not seen any evidence, any of the data that supports any misconduct, market manipulation or otherwise, from ANZ," ANZ CEO Shayne Elliott told a parliamentary committee on Friday.

"Overall, it's clear there was little momentum behind consumer spending at the start of the quarter. And while it is early days, the data broadly reinforce our view that Australian households are not rushing to spend their newfound tax cuts," economist Abhijit Surya said.

The probe will address eight key questions, such as how WFH should be defined, should employees be given legal right to request for WFH, and how overtime should be authorized and calculated.

Denouncing Greens' proposed 40% tax on excessive corporate profits as "insidious populism," Matt Comyn suggested that prioritizing popularity over genuine reform will only erode trust in institutions.