Good afternoon,

PwC Australia chief Kevin Burrowes consulted on who to remove from the firm in response to its tax scandal, parliament has heard. And, a key former leader of the audit and consulting giant said evidence given by a previous CEO to an inquiry may have been misleading.

Meanwhile, Australian carbon credits are trading at 12-month highs as the federal government opens consultation on proposed legislative changes to boost the transparency around the reporting of carbon farming operations.

And our personal finance writer, Anthony Keane, delves into the world of fixed-rate mortgages and explains why locking in an interest rate now may be fraught.