Your noon Briefing: ALP misses Hayne’s policy point

Welcome to your noon digest of what’s been making news and what to watch for.

Hello readers. Here is your noon digest of today’s top stories.

Labor leader Bill Shorten (R) and Shadow Treasurer Chris Bowen (L) hold a press conference in Melbourne, Friday, October 12, 2018. Labor are revealing today the ALP will back the Government's plan to fast-track tax cuts to small businesses. (AAP Image/David Crosling) NO ARCHIVING

ALP ignores Hayne

Labor appears to have ignored the instructions of banking royal commissioner Kenneth Hayne for submissions in response to his interim report, opting instead to promote its own banking victim “roundtable” rather than answer policy questions put forward by the former High Court judge. Labelling Labor’s submission to the royal commission a “blunder”, the Greens said the oppositiion had had a chance to show how it might fix the banking system, but had blown it.

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Pedestrians are reflected in the glass as market trading boards are seen at the Australian Securities Exchange (ASX) in Sydney, Tuesday, February 6, 2018. The worldwide plunge in equity markets has infected Australian shares with the local key indexes opening more than 2.5 per cent lower. (AAP Image/David Moir) NO ARCHIVING

AMP bounce

AMP shares have bounced as much as 10 per cent this morning, after diving 25 per cent yesterday to hit its lowest level since listing 20 years ago. Early trade saw the wealth manager reach as much as $2.77 - up from the $2.50 previous close. The drop in its price saw several analysts raise their rating on the stock - raised at UBS, Citi and Morningstar but cut at Credit Suisse. Keep up with the latest in our live blog, Trading Day.

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The Australian Ballet in China. Newly appointed Principal Artist Brett Chynoweth in Beijing

The long read: Diplomatic dance

It’s a tale of two Australian arts companies in China, with very different stories, writes Glenda Korporaal. Opera Australia and the Australian Ballet are both finishing up successful tours to China this month: OA on its first trip there (with Moffatt Oxenbould’s Madama Butterfly), and the AB on its ninth visit (with David McAllister’s The Sleeping Beauty).

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L to R: Constable Luke Moses, Constable Michael Lawrence , Sargeant Sharon Sneddon and Senior Constable Rhys Mort, Police from Waverley Station in Eastern Suburbs Police Area Command and participating in a Charity half marathon as part of the Sydney Running festival to raise money for Beyond Blue. Picture: John Appleyard

Cop charged with child sex

A NSW Police senior constable has been refused bail after being charged with alleged child sex offences, including having sexual intercourse with a child. The 43-year-old police officer was arrested yesterday afternoon, and charged with alleged offences of having and attempting to have sexual intercourse with a child, aggravated acts of indecency, aggravated indecent assault, grooming, and peep and pry.

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Comment of the day

“For 52 years I have played, coached, watched and bled Australian Rugby. Memo to the ship of fools running the show — I am the heartland, I am your fan base and believe me when I say that myself and my gigantic amount of like minded mates have left the building and will not return until the lot of you are gone.”

Peter, in response to ‘The punters have spoken to Rugby Australia: Lift your game’.