Australia news live: KMPG axes hundreds of staff in wake of audit leaks scandal; jobseeker now barely two-thirds of pension

Audit and consulting giant reports revenue fall of 1% year-on-year. Follow today’s news live Get our breaking news email, free app or daily news podcast Alan Jones trial enters its fourth week The Alan Jones trial enters its fourth week today, with a series of witnesses expected to give evidence at Sydney’s Downing C

Accounting firm KPMG says it will cut 27 partners and about 360 staff from its local arm, and revamp its structure as it grapples with lower revenue from lost contracts following the audit leaks scandal.