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Your morning Briefing

Good morning readers. Here’s our top picks of the stories making headlines this morning.

Hello readers. Here’s your digest of the stories that are making news today.

National Australia Bank (NAB) Chairman Ken Henry speaks during the Competitive Advantage Forum in Sydney, Thursday, November 23, 2017. (AAP Image/Daniel Munoz) NO ARCHIVING
National Australia Bank (NAB) Chairman Ken Henry speaks during the Competitive Advantage Forum in Sydney, Thursday, November 23, 2017. (AAP Image/Daniel Munoz) NO ARCHIVING

Ex-Treasury boffin lays into Reserve Bank on rates

Former Treasury secretary Ken Henry has issued an extraordinary attack on the Reserve Bank’s framework for setting interest rates, as the nation’s top bankers said a deluge of new regulations and the prospect of a royal commission were throttling their ­ability to remain internationally competitive. At an exclusive ­summit convened by The Australian in Sydney yesterday, ­Commonwealth Bank chief executive Ian Narev, the chairmen of National Australia Bank and Westpac, and Australian Bankers Association chief Anna Bligh said mounting regulation — which now makes up more than 70 per cent of the NAB board’s agenda — was endangering the stability of Australia’s banking system.

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Queensland Premier Annastacia Palaszczuk poses for a photo with a meerkat during a visit to Australia Zoo in Beerwah, on the Sunshine Coast, Thursday, November 23, 2017. Ms Palaszczuk is on the campaign trail ahead of the November 25 state election. (AAP Image/Dan Peled) NO ARCHIVING
Queensland Premier Annastacia Palaszczuk poses for a photo with a meerkat during a visit to Australia Zoo in Beerwah, on the Sunshine Coast, Thursday, November 23, 2017. Ms Palaszczuk is on the campaign trail ahead of the November 25 state election. (AAP Image/Dan Peled) NO ARCHIVING

Poll-bound Palaszczuk beats up on the rich

Queensland Premier Annastacia Palaszczuk has launched an ­assault on the wealthy just two days before voters go to the polls, revealing plans for four new “top end of town” taxes that will reap almost $500 million over three years. The shock taxes were announced as a new Galaxy poll found Ms Palaszczuk was on the verge of clinging to power, with Labor leading the Liberal National Party 52 per cent to 48 per cent on a two-party-­preferred basis. Keep up with all the latest from the countdown to the state election in our live blog, Campaign Trail.

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CANBERRA, AUSTRALIA - OCTOBER 27: Portrait of Kevin Rudd, former Prime Minister of Australia, on October 27, 2017 in Canberra, Australia. Kevin Rudd was Prime Minister of Australia from December 2007 to June 2010 and again from June 2013 to September 2013. He has just released the first of a two-volume autobiography: 'Not for the Faint-Hearted: A Personal Reflection on Life, Politics and Purpose 1957-2007'. (Photo by Michael Masters/Getty Images)
CANBERRA, AUSTRALIA - OCTOBER 27: Portrait of Kevin Rudd, former Prime Minister of Australia, on October 27, 2017 in Canberra, Australia. Kevin Rudd was Prime Minister of Australia from December 2007 to June 2010 and again from June 2013 to September 2013. He has just released the first of a two-volume autobiography: 'Not for the Faint-Hearted: A Personal Reflection on Life, Politics and Purpose 1957-2007'. (Photo by Michael Masters/Getty Images)

Rudd repackages his greatest hits

Political anniversaries are a peculiar beast, writes Kevin Rudd. A decade on since the election of my government, none of us can lay claim to perfect objectivity in reflecting on what we got right and wrong. Least of all me. But here’s my top 10 of what I think we got right in our period in office.

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BRISBANE, AUSTRALIA - NOVEMBER 23:  Nathan Lyon of Australia bowls during day one of the First Test Match of the 2017/18 Ashes Series between Australia and England at The Gabba on November 23, 2017 in Brisbane, Australia.  (Photo by Cameron Spencer/Getty Images)
BRISBANE, AUSTRALIA - NOVEMBER 23: Nathan Lyon of Australia bowls during day one of the First Test Match of the 2017/18 Ashes Series between Australia and England at The Gabba on November 23, 2017 in Brisbane, Australia. (Photo by Cameron Spencer/Getty Images)

I am Lyon, hear me roar

Nathan Lyon had his say, after all, writes Mike Atherton. For a long time during the opening day of the Ashes series, it looked like James Vince was intent on ramming Lyon’s pre-match words back down his throat. Finishing careers? Vince was intent on creating one. He made 83. For all the world, he looked like he’d make at least 17 more. Given the limitations of his previous form, it would have been a remarkable first Test hundred.

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Kudelka’s view

Jon Kudelka Letters Page Cartoon for 24-11-2017Version:  (650x366)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.
Jon Kudelka Letters Page Cartoon for 24-11-2017Version: (650x366)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/news-story/babff846e4e40af211158c46bfc39fb3