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Good morning, team.
1. Facebook told the ACCC it could kick Australian news off the platform and it wouldn't have a significant effect on its business. It comes as the competition regular tries to work out a regime of compensation for local publishers who have their content displayed on platforms like Facebook and Google. Facebook said neither it nor Google should be expected to prop up Australian news media.
2. The banks suspect that up to one in five people who deferred their home loans through the coronavirus are in financial strife. This suggests that some 96,000 borrowers, with mortgages worth almost $35 billion, could require more assistance – with some bankers offering extensions of one, three and six months.
