Jobs summit updates LIVE: ‘A lot of common ground’ between business, unions

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Leading employment lawyer warns sector-wide bargaining would likely lead to increased strikes; teal MPs say jobs summit must reevaluate “highly feminised” industries. Follow updates here.

Welcome to Need to Know this Monday, August 29. Here are some of this morning’s headlines:: Prime Minister Anthony Albanese says this week’s jobs summit must achieve an Accord-style “culture of co-operation” between business and unions, as the federal Treasurer all but confirmed the Labor government would support industry-wide bargaining in some sectors.

: Quality of Advice Review chairwoman Michelle Levy will propose a radical overhaul of the complex laws governing financial advice, scrapping reams of consumer protection and disclosure regulations and making it easier for banks and super funds to provide cheap forms of advice.

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