Treasury secretary says officials caught off-guard by extent of wages slowdown

John Fraser says economic scars of global financial crisis remain but low wages growth could have bottomed out

The Treasury secretary, John Fraser, has expressed optimism that Australia’s record-low wages growth could have bottomed out as wages pick up in some pockets of the country.

But he has admitted Treasury officials were caught off-guard by the extent of the wages slowdown since the global financial crisis, saying the economic “scars” from the crisis have run deeper than expected in Australia.

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Michaelia Cash says her office did not tip off media before AWU raids

Employment minister says she became aware of raids by Australian federal police ‘as they unfolded on television’

The employment minister, Michaelia Cash, has denied claims her office tipped off the media before the controversial police raids on the Australian Workers Union, as Labor stepped up its attack on the investigation and political tensions boiled over on the floor of the parliament.

Cash told a Senate estimates hearing on Wednesday she only became aware of the police raids “as they unfolded on television” after being asked whether her office had tipped off the media on Tuesday afternoon.

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