NAB has released its half-yearly results a week early, revealing the bank has placed its shares into a trading halt.
They are currently paused at $15.
76 and the bank is aiming to raise $3 billion as institutional placement and $500 million as a share purchase plan. NAB reported a 51 per cent fall in its half-year net profit after tax, with its dividend now sitting at 30 cents.
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Virus app necessary to protect Australia: Dutton | Sky News AustraliaHome Affairs Minister Peter Dutton says the government’s controversial coronavirus app is necessary to get Australia back on track. \n\nThe app, which uses Bluetooth data to record digital “handshakes” with nearby phones, would be used by health officials to assist in the contract tracing of those who have come into contact with confirmed coronavirus cases. \n\nMr Dutton, who recently recovered from the disease himself, dismissed privacy concerns and said the app would help Australia avoid becoming the next Italy. \n\n“There are absolute protections that are guaranteed around the privacy,” he told Sky News. \n\n“All of us have numerous apps on our phones which collect more data than we have here.\n\n“If we’ve got somebody who’s identified positive and look at their contacts over the course of the last 24 hours or seven days, contact those people, get them tested, we won’t have the spread we have seen in Italy.'
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Eden-Monaro MP Mike Kelly to decide future this week | Sky News AustraliaVoters in the seat of Eden-Monaro could be headed for a by-election as Sky News understands Labor MP Mike Kelly is considering retirement pending further medical advice. \n\nSky News Political Editor Andrew Clennell revealed Mr Kelly, who has had medical issues dating back to his time in the Army, would make a decision this week. \n\n'I contacted Mr Kelly after rumours swept Labor he may be going. He told me 'I haven’t made up my mind’ on his future and he would be doing so this week,” Mr Clennell said. \n\nMr Clennell said NSW Deputy Premier John Barilaro, Liberal Senator Jim Molan, and NSW Transport Minister Andrew Constance’s names had all been floated as candidates should Mr Kelly retire. \n\nMr Kelly’s retirement would plunge the seat into a by-election, but it is unclear if the federal government would want voters to go to the polls immediately given the current COVID-19 restrictions. \n\n
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WHO warns against coronavirus immunity passports | Sky News AustraliaThe World Health Organisation has warned against issuing “immunity passports” to those who have recovered from COVID-19, insisting there is no evidence people will be protected from reinfection. \n\nThe idea had been floated by authorities, in places such as the UK, as a way of allowing individuals to return back to work amid the crisis. \n\nBut WHO said the idea could pose a health risk to the community due to the lack of evidence those who have recovered from COVID-19 are immune.
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Dutton flags boost to airport border security post-coronavirus | Sky News AustraliaHome Affairs Minister Peter Dutton has flagged a bolstering of border security measures at airports once international travel recommences post-coronavirus. \n\nSpeaking with Sky News, the minister said his department is in the process of planning new biosecurity measures in the wake of coronavirus, which he expects will be with us for years to come. \n\n“We are also looking at what our border system will look like in six to 12 months' time,” Mr Dutton said. \n\n“But there will be an additional overlay of biosecurity at our airports for years to come. That would be a natural response. \n\n'We don’t know what will happen next flu season. We don’t know whether there will be another pandemic in 12 months or 12 years' time.\n\n'We need to look at the technology we have got available and look at assessing that threat as the human threat crosses our borders.”\n\nMr Dutton also flagged the possibility of a Trans-Tasman Bubble, saying New Zealand would be a “natural partner” if Australia were to ease travel restrictions amid COVID-19. \n\n'New Zealand would be the natural partner. I think we might start to see some steps towards making sure people can travel safely … over a period of time,” he told Sky News.
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Panic buying fuels retail sales surge | Sky News AustraliaPanic buying has contributed to the biggest month rise in retail sales on record according to the Australian Bureau of Statistics.\n\nThe Australian Retailers Association’s Paul Zahra told Sky News “to read those sales with caution because the sales surge in food and pharmaceuticals is actually camouflaging what is really going on”.\n\n“We know food is forecasted to be up around 23 per cent and groceries up by 36 per cent driven predominately by toilet paper, pasta and alcohol.\n\n“So some of those categories are between two and 10 times more in sale than they would normally be.”\n\nImage: News Corp Australia\n
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