Chiefs and local leaders from the tiny Pacific territory of Tokelau herald the launch of the island nation's first ever local newspaper that claims to meet international standards.

ANZ may have to dig deeper than the $756,000 provision it set aside to refund clients of an adviser who failed numerous audits and continued to sell high risk products after he was suspended, with the head of ANZ's RI Advice group (pictured) saying it "was a mistake".

Century-old Queensland business Alvey Reels, which announced it would close its doors in mid-2017 due to poor sales, will stay open after a viral Facebook post spurred a flurry of orders from loyal customers, and attracted a new business partner.

The Mayor of Ipswich, west of Brisbane, says the Council will reverse its decision to send the city's recycling to the tip, but asks residents to pitch in by keeping unrecyclable waste out of their yellow-lid bins.

Treasurer Scott Morrison continues to resist calls for him to admit he was wrong in repeatedly opposing a banking royal commission, instead opting to turn his fire on Opposition Leader Bill Shorten.