Federal politics live: Treasury tells Labor 1.2m homes target ‘will not be met’

News Snapshot:

(ABC News: Stephen Dziedzic) The PM has kicked off a high-powered roundtable with the chieftains of China's steel industry and some of the big Australian resources companies in China. Australian coal and iron ore exports have fuelled China's construction boom and underwritten Australian prosperity for years, pouring hundreds of billions of dollars into the budget. But as China's steel industry moves to decarbonise — as well as diversifying its imports and winding down production — Australia's long resources boom faces an uncertain future. One solution is finding ways that Australian resources companies can help Chinese companies produce "green steel" —...