That’s a wrap – thank you for reading the Need to Know blog today. We will be back soon with more live coverage of news, so please join us then. These were some of the main stories:

• Queensland and federal governments strike $3.4b Olympics funding deal: The Australian government has confirmed it will contribute $3.43 billion towards the $7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction.
• No Australians thought to have been on sunken Bali ferry: The Department of Foreign Affairs and Trade is not aware of any Australians onboard a ferry that sank off the coast of Bali carrying 65 people overnight, but it continues to engage with local authorities.
• Clean-up continues in NSW as storm conditions ease: NSW SES crews are continuing clean-up operations today as storm conditions ease across the state. Since Sunday, the volunteer-based organisation has responded to more than 4000 incidents across the state.
• Alan Bond’s ex-wife Eileen dies, aged 87: Eileen Bond, the former wife of late West Australian businessman Alan Bond, has died at the age of 87. It is understood Bond passed away overnight following a medical episode over the weekend.
• Rubio ‘keen’ to reschedule Trump’s meeting with Albanese, Wong says: Foreign Minister Penny Wong says US Secretary of State Marco Rubio is “keen” to reschedule a meeting between Donald Trump and Anthony Albanese, after the pair’s last meeting at the G7 in Canada was cancelled on short notice.