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Consumer groups say the federal government’s proposed scam prevention legislation contains “huge gaps” and should clearly stipulate that victims are compensated if technology companies, banks or telcos fail to meet their obligations. 

Meanwhile, coal industry leaders have blasted the use of taxpayer funds to help with various court cases that cost New Hope Corporation more than $100m to defend, before the company ultimately secured victory in the fight to expand a Queensland mine. 

And incoming US president Donald Trump’s plan to bolster America's oil and gas production will create an eventual global glut but Australia’s largest fossil fuel companies are likely to ride out the immediate effect because expansion takes months if not years to materialise.