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Parliament House a ‘miserable’ workplace: Max Chandler-Mather

Max Chandler-Mather said the Greens operated against “often very hostile two major parties”. He told Triple J Jack Hack:

I’ll be honest, one of the things I’m quite happy about at the moment is I don’t have to spend more time in the House of Representatives, because, like, basically every time I stood up, I got screamed and yelled at. In terms of a workplace, it was bloody awful, and frankly, a lot of the times miserable.

The only reason I kept going back because it felt like we were one of the few voices fighting for millions of people who feel really let down by this political system …

Despite all of that and fighting hard we fell short, and I feel like I’ve let people down because I always feel like, at the end of the day, the MP has to take responsibility for that and I suppose I do.

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Jonathan Barrett

Mortgage holders fall behind at NAB

National Australia Bank has reported an uptick in the number of mortgage holders falling behind on repayments, amid warnings global trade tensions pose a risk to an otherwise improving outlook for the Australian economy.

In half year results released today, the major lender reported cash earnings of $3.58bn, up from $3.55bn a year ago. Its profit margins were stable and the number of impairment loans are at modest levels.

While the bank expects “slowing inflation, tax cuts and reductions in the RBA cash rate” to support household incomes, there are signs of stress among its customers. Housing lending arrears have jumped to four-year highs, with a growing number of mortgage holders falling more than 30 days behind on repayments.

NAB said the pace of arrears was slowing and that there had been limited impairments, referring to loans that might not be fully repaid. The bank said in a statement:

While the underlying outlook for the Australian and New Zealand economies is improving, elevated global trade tensions are a key source of uncertainty and downside risk.

NAB will pay an 85c per share interim dividend. The results refer to the six months ended 31 March.

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