The banking royal commission is hearing further evidence about inappropriate financial advice, with embattled wealth management company AMP scheduled to appear again as its directors face shareholder pressure to explain themselves or resign.
The future of AMP chairman Catherine Brenner and possibly the wealth manager's entire board is in jeopardy after admissions that it meddled with a supposedly independent report to the corporate regulator.
Malcolm Turnbull takes responsibility for not calling the formal inquiry earlier, saying in hindsight it would have been better for the Government to have set up a banking royal commission two years ago.
Labor senator Murray Watt says that five of 10 companies that signed a letter supporting corporate tax cuts didn't pay any tax in 2015-16, and therefore wouldn't be in a position to use the tax cuts to help boost wages. RMIT ABC Fact Check investigates.