Treasurer Jim Chalmers has appointed Melinda Cilento as a part-time member of the Reserve Bank's monetary policy board, the government grills KPMG over the company's ethical failures. Plus, new home loans fall 5.4 per cent in the June quarter.

<p>Treasurer Jim Chalmers has appointed Melinda Cilento as a part-time member of the Reserve Bank's monetary policy board, the government grills KPMG over the company's ethical failures. Plus, new home loans fall 5.4 per cent in the June quarter.</p>

As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.

<p>As the market closes each day, Ross Greenwood brings you breaking business news you can&rsquo;t afford to miss.</p>

Business Now with Ross Greenwood

Business Now | 14 August

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/3c12d7d3-5696-462e-9956-b4a600897d28/transcript