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Your morning Briefing: AMP reaps $100m in zombie fees

Your 2-minute digest of today’s top stories and must-reads.

Hello readers. AMP reaps $100m in ‘zombie’ super fees, and get set for the Second Test against Sri Lanka, live from Canberra.

27/04/2018: Generic picture of AMP building, Sydney. Hollie Adams/The Australian
27/04/2018: Generic picture of AMP building, Sydney. Hollie Adams/The Australian

Zombie fees

Scandal-plagued AMP is reaping more than $100m in fees every year from 1.1 million zombie super­annuation accounts.

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Illustration: Eric Lobbecke
Illustration: Eric Lobbecke

Listicle this

Judith Sloan discovers the listicle ... and puts together her own on the serious policy ­errors Labor’s Treasury spokes­man Chris Bowen has made.

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For sale auction housing market property market online search house houses
For sale auction housing market property market online search house houses

Loans rejected

The major banks are rejecting up to half of all home loan applications amid uncertainty around the finance sector.

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Julia Banks in the House of Representatives Chamber, Parliament House in Canberra. Picture Kym Smith
Julia Banks in the House of Representatives Chamber, Parliament House in Canberra. Picture Kym Smith

GetUp links

GetUp has developed a “spine’’ of connections to independents who will run as Liberal-lite candidates in the federal election.

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Australia's Mitchell Starc, right, appeals for the wicket of Sri Lanka's Suranga Lakmal, left, during the cricket test match between Australia and Sri Lanka in Brisbane, Australia, Saturday, Jan. 26, 2019. (AP Photo/Tertius Pickard)
Australia's Mitchell Starc, right, appeals for the wicket of Sri Lanka's Suranga Lakmal, left, during the cricket test match between Australia and Sri Lanka in Brisbane, Australia, Saturday, Jan. 26, 2019. (AP Photo/Tertius Pickard)

Starc salvo

Mitchell Starc will open the bowling for Australia, but Sri Lanka may be missing their entire pace bowling attack from Brisbane. Life in Test cricket without David Warner and Steve Smith reaches its final chapter, with banned duo free to play next Test after Canberra. Keep up with all the action from Day 1 of the Second Test against Sri Lanka in our live blog.

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Rod Clement’s view

Rod Clement Letters Cartoon for 02-01-2019. Version: Letters Cartoon  (1280x720 - Aspect ratio preserved, Canvas added)COPYRIGHT: The Australian's artists each have different copyright agreements in place regarding re-use of their work in other publications.Please seek advice from the artists themselves or the Managing Editor of The Australian regarding re-use.
Rod Clement Letters Cartoon for 02-01-2019. Version: Letters Cartoon (1280x720 - Aspect ratio preserved, Canvas added)COPYRIGHT: The Australian's artists each have different copyright agreements in place regarding re-use of their work in other publications.Please seek advice from the artists themselves or the Managing Editor of The Australian regarding re-use.
Jason Gagliardi

Jason Gagliardi is the engagement editor and a columnist at The Australian, who got his start at The Courier-Mail in Brisbane. He was based for 25 years in Hong Kong and Bangkok. His work has been featured in publications including Time, the Sunday Telegraph Magazine (UK), Colors, Playboy, Sports Illustrated, Harpers Bazaar and Roads & Kingdoms, and his travel writing won Best Asean Travel Article twice at the ASEANTA Awards.

Original URL: https://www.theaustralian.com.au/news/briefing/your-morning-briefing-amp-reaps-100m-in-zombie-fees/news-story/e04fcd592b22ec6f840654970fcf53a5