News Beyond Markets || Which is the Watershed Moment in Australian Law Enforcement History?

Australian police arrested more than 200 people involved in an organised crime. The criminals infiltrated an encrypted messaging app that opened up nearly 25 million messages about "industrial scale" drug imports and murder plots.

• Australia's Prime Minister Scott Morrison said that it has struck a heavy blow against organised crime – not just in this country, but one that will echo around organised crime around the world. This is a watershed moment in Australian law enforcement history.

• TGA is seriously concerned about misleading information, authorised by Mr Clive Palmer that has recently been broadcast on radio stations in the Grant Broadcasters Radio network.

• The TGA is open and transparent about adverse events reported, by publishing the weekly report and through the Database of Adverse Event Notifications (DAEN)

• A second England cricketer is being investigated for historical "offensive" social media posts. A cricket website Wisden.com reported the same on Monday. Wisden said it had uncovered a racist tweet but chose not to disclose the identity of the player because he was under 16 when it was posted.

• Retired Aboriginal footballer Adam Goodes, who quit the Australian Football League (AFL) in acrimony in 2015, has declined induction into the sport's Hall of Fame.

• The Morrison Government has released the report of the Council of Financial Regulators' (CFR) review into Financial Market Infrastructure (FMI) Regulatory Reforms.

• The Government's reform package will introduce a crisis management regime that will allow the Reserve Bank of Australia (RBA) to manage a failure at a domestic clearing and settlement facility.


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