Former prime minister Tony Abbott: "The federation is dysfunctional and needs to be fixed."

'The Federation is dysfunctional'

Tony Abbott has told the states to grow up and start acting like adults after some Premiers hit out at Malcolm Turnbull's plans to review the way the GST revenue is distributed.

  • Contains:
  • Video
</p>

Markets Live: Banking on the banks

Shares shake off a weak overseas lead with banks leading broad gains on the ASX as investors continue to push bank share prices higher.

  • Contains: