The Northern Territory news Mon 11 Sep 2017
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News Corp Australia
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News Corp Australia
10 NEWS MONDAY SEPTEMBER 11 2017 NTNE01Z01MA - V1 NRL star Michael Morgan loves the new Sennheiser headphones available to NT News readers Bank rate decisions under scrutiny THE chair of the parliamentary committee investigating the big four banks believes there is enough scrutiny of the sector without the need for a royal commission, as called for by Labor. Liberal MP David Coleman says last years inquiry of the banks resulted in a new banking executive accountability regime and a greater oversight of interest rate decisions by the consumer watchdog. What we need to do is ensure that every bank executive knows that the representations theyre making publicly about interest rates are now subject to deep, internal scrutiny, Mr Coleman told Sky News yesterday. This will be regulated by the Australian Competition and Consumer Commission. The House of Representatives economics committee will grill the chief executives of the ANZ, Commonwealth Bank, National Australia Bank and Westpac again next month. Mr Coleman said on 20 occasions since the turn of the century bank interest rates have moved out of step with the Reserve Bank. The banks argued at the previous inquiry there are many other factors than changes in the Reserve Bank cash rate that determined lending rates. But Mr Coleman said if that was the case then logically sometimes external factors would be good for borrowers but on 19 occasions it was found to have been bad for borrowers. Under the banking executive accountability regime, it will require the banks to lodge with the Australian Prudential Regulation Authority a clear list mapping out who is responsible for what. If there is a scandal in a particular division it will be pretty clear where the buck should stop, he said. Leaders united on gay marriage IT was a yes from Malcolm Turnbull, a yes from Bill Shorten and a great big yes from thousands who rallied around in Brisbane and Sydney to support the Yes vote for the samesex marriage postal survey. Ive said this many times before - the threat to marriage is not gay couples. It is a lack of loving commitment, Mr Turnbull told the NSW Liberals in Sydney. If the threat to marriage today is lack of commitment, then surely other couples making and maintaining a commitment sets a good rather than a bad example. Mr Shorten said: What this world needs, and what this country needs, is we need help to maintain families, we need help to raise children, and that is why we need marriage equality. AUSTRALIA will lead a united force of regional police to combat the growing threat of Islamic State-backed terrorists in South East Asia and for the first time share intelligence files of the jihadists movements and financing from the Middle East. Sources have confirmed talks between senior Australian Federal Police officers and counterparts from the Indonesian National Police are well advanced in formalising a pact to combat ISIS across the region and bring in other counterparts from the Philippines, Malaysia and Singapore. including 620 militants and 136 soldiers, have been killed. But intelligence has confirmed wannabe jihadists elsewhere in the region, using the distraction of Marawi and chatting via the encrypted Telegram app, have become United police force to fight terrorism threat While joint operations between regional police forces are not new, they have in the past been contained to a specific terror threat, act or operation and not a combined resource nor, significantly, a broad sharing of intelligence. How the strategy will work is to be further discussed in November. Two days ago two radicalised locals from Singapore were arrested attempting to join militants in the besieged city of Marawi in southern Philippines where thousands of armed forces have been battling ISIS-backed militants for more than three months. More than 800 people, well organised, funded and armed. There are more than 400 suspected Australian jihadists on a watch list that were looking to join ISISbacked armed conflict. Justice Minister Michael Keenan would not discuss specifics but has told News Corp Australia the threat from returning foreign fighters inspiring homegrown regional jihadists was very real. The need for greater cooperation with our neighbours has never been more critical, he said yesterday. No single country can defeat ISIS alone but together we create a united force that can defeat this threat. This is why Australia is taking a leadership role and joining forces with our regional neighbours to do everything within our powers to stop ISIS from getting a stronghold in our backyard. The initiative comes on top of the commitment by the Australian Defence Force to help train troops in the Philippines in urban warfare tactics. Last week Filipino President Rodrigo Duterte confirmed his country was in talks with Malaysia and Indonesia to have open borders to their security forces hunting militants in his country including allowing them to carry out hot pursuits in Filipino territorial waters. CHARLES MIRANDA Cleaning can be fun with noise IF youre one of the few who actually enjoys housework, then all credit to you. But if youre hanging out with the majority crowd and think housework should be a swear word, then its time to get innovative. Weve taken some creative liberty in crafting a few strategies to make that horrible weekly task a whole lot of fun. 1. CRANK THE BEATS: Music literally releases the pleasure hormone in our bodies, which is why we always feel better listening to music. 2. TREAT YOURSELF: Commit to two or three hours of work, or however long it will take to get everything done. 3. TURN IT INTO A WORKOUT: Nothing more enjoyable than killing two birds with one stone, so why not get your workout done while youre cleaning. 4. COMBINE ALL OF THE ABOVE! For a limited time, get a pair of Sennheiser Wireless noisecancelling headphones (RRP $329.95)when you take out a 12-month digital membership to the NT News. Sennheisers HD 4.50 BTNC Wireless headphones offer great sound quality for every day listening on the move. Alongside your headphones, youll have unlimited access to our digital site and unrestricted digital access to all other News Corp Australia mastheads, except The Australian. The total cost for the new 12month deal, which includes the Sennheiser HD Bluetooth Noise Cancelling Headphones is $364, which is billed fourweekly at $28. Conditions apply. For more information, go to ntnews.com.au/ headphones or phone 1800 031 353. No single country can defeat ISIS alone J U S T I C E M I N I S T E R M I C H A E L K E E N A N
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