That’s a wrap for Need to Know.

Many thanks for reading along, here are some of the top stories of today:

Treasury defends PwC audit work: Greens Senator Nick McKim has quizzed Treasury officials about whether conflicts of interest are considered a key risk in the department’s internal auditing processes.

Housing pipeline shrinks as apartment approvals plummet: Economic headwinds are hitting Australia’s largest cities, as they try to boost housing development to overcome a long-standing shortage of homes.

Crown and AUSTRAC agree to historic $450m penalty: The penalty, if determined by the court, would be the highest-ever for a casino operator.

Bruce Lehrmann settles defamation case with News Corp: News Corp Australia has made a contribution to Bruce Lehrmann’s legal fees but is not required to apologise or correct any articles.