Shock Exit: Australia Briefing

Good morning from a rather balmy Melbourne, it’s Amy with your Friday edition of Bloomberg’s weekday newsletter.

Today’s must-reads:
• Tabcorp CEO quits
• Chalmers confident
• Cost-of-living relief

Gaming company Tabcorp is unexpectedly looking for a new CEO. Adam Rytenskild, who had been in the role for less than two years, resigned yesterday after using offensive and inappropriate language in the workplace.

Treasurer Jim Chalmers says he’s still confident of getting his RBA reform bill through parliament as talks continue with lawmakers opposed to the proposed changes. He made the comments yesterday after pledging further cost-of-living relief in the May 14 budget.