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PM finally bows to finance sector inquiry (AAP)

Prime Minister Malcolm Turnbull has given in to widespread calls for a royal commission into the financial sector, announcing a 12 month inquiry.

Freedom Foods shares up on FY18 guidance (AAP)

Freedom Foods has upgraded its sales guidance to between $360 million and $380 million, from between $340 million and $360 million, for the 2018 financial year.

Concerns Murray reforms could be weakened (AAP)

A report into the mismanagement of Murray-Darling Basin water distribution has raised concerns recommendations to resolve the problems could be delayed.

Dastyari to face Senate over China scandal (AAP)

The Senate has passed a motion forcing Sam Dastyari to explain his links with Chinese political donors.

Work at NT Inpex site stops after man dies (AAP)

Inpex has halted construction at its Darwin gas plant following the "tragic" death of a 56-year-old worker overnight as his colleagues receive counselling.

Gender patients won't need court order (AAP)

Young Australians seeking treatment for gender transition will no longer have to seek court approval to receive hormones.

Murder accused schizophrenic, lawyer says (AAP)

A man who allegedly shot a woman and dumped her at a hospital suffers from schizophrenia, his lawyer says.

Fortescue looks to diversify under new CEO (AAP)

Fortescue Metals Group's chief financial officer Elizabeth Gaines will replace Nev Power as chief executive when he steps down in February.

ALP 'extremely confident' in Macalister (AAP)

Queensland Labor believes it will win the newly formed seat of Macalister as independent Hetty Johnston looks set to lose in her bid against the major parties.

Accused cocaine smugglers face Vic court (AAP)

Two Mexican men charged with importing 300kg of cocaine into Melbourne have appeared in court.

Cream sunscreen and skin bug products best (AAP)

The Cancer Council is not recommending Australians use aerosol sunscreens this summer, while a mosquito expert says some insect-repellent tools are "gimmicks".

Capsized trawler that claimed the lives of six fishermen to be raised from ocean floor (AAP)

Trial to protect cyclists begins in WA (AAP)

A two-year trial of laws requiring West Australian motorists to leave a minimum safe passing gap for cyclists has begun.

Union-probe element to royal commission (AAP)

A senior Liberal says one aspect of the banking royal commission will examine how unions benefit from superannuation funds.

Strip search of Vic inmates 'degrading' (AAP)

Victoria's women prisoners, including pregnant inmates, are routinely subject to "humiliating" strip searches, the state's Ombudsman says.

Coopers opens $65 million plant in SA (AAP)

Coopers, one of the largest Australian-owned beer companies, has opened a $65 million malting plant in Adelaide.

Labor in factional brawl over Qld Treasury (AAP)

A factional brawl has erupted within the Queensland Labor government as the Right and Left sides of caucus battle over who will replace Treasurer Curtis Pitt.

Nicholls still holding out in Qld election (AAP)

LNP leader Tim Nicholls says he's "not conceding anything" despite Labor closing in on victory in the Queensland election.

Children scream at men who used lollies in attempt to abduct girl from park (AAP)

Pair try to snatch five-year-old off her tricycle before her young friends scream for her release.

ACT assembly checks senator's eligibility (AAP)

An ACT Legislative Assembly committee will examine Labor senator Katy Gallagher's citizenship status after the High Court's ruling dual citizens cannot be MPs.

Dairy sector needs code of conduct: ACCC (AAP)

The ACCC says the dairy sector needs a mandatory code of conduct to strengthen the bargaining power of farmers.

NT team Canberra-bound for inquiry talks (AAP)

An NT government team is heading to Canberra for talks about co-funding the implementation of the youth justice royal commission recommendations.

Building approvals surprise in October (AAP)

Building approvals rose 0.9 per cent in October, against market expectations of a 1.0 per cent decline, figures from the Australian Bureau of Statistics showed.

Worker killed in South Aust silo accident (AAP)

A worker has been crushed to death in a silo accident on South Australia's Eyre Peninsula.

Bernardi wants nuke power plant ban lifted (AAP)

Senator Cory Bernardi believes lifting the ban on nuclear power plants would cause an economic bonanza for uranium-rich South Australia.

Need for Vitamin D in pregnancy not proven (AAP)

Canadian researchers have called for large new trials to determine whether levels of vitamin D have an effect on maternal issues in pregnancy.

Tabcorp, CrownBet to settle differences (AAP)

TabCorp and CrownBet have settled differences over the $11 billion merger between the former and Tatts Group.

WA MP Urban fails to answer CV questions (AAP)

WA MP Barry Urban has finally faced parliament over his CV scandal, but failed to clarify aspects of his military service history and education.

ASX down on finance sector probe (AAP)

Australian shares have recouped some of their morning losses but are still lower following the announcement of royal commission into the financial sector.

Sunken trawler to be raised from Qld sea (AAP)

A fishing trawler will be raised from the ocean floor after it capsized off the Queensland coast in October, claiming the lives of six men.

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