The topic is corporate governance.

KPMG, a big consultancy group, is facing the Senate over its whistleblower scandal.

The insurer QBE and retailer Baby Bunting are releasing financial results.

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Michael Janda is reporting.

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There are 58 key events.

Optus is a key topic.

The market snapshot is available.

There are 2 market updates.

The parliament is doing its job.

The hearing is running overtime.

A short break is expected soon.

Optus CEO Stephen Rue is testifying.

Senator Deborah O'Neill is questioning Rue.

KPMG's former chief operating officer Eileen Hoggett is testifying.

Hoggett is explaining her expulsion from KPMG.

Senator Lawrence is questioning Hoggett.

Hoggett is discussing confidential documents.

The parliament is discussing KPMG's behavior.

The hearing is continuing with Optus chairman John Arthur.

Arthur is discussing KPMG's breach of duty.

The committee is questioning Arthur.

The inquiry is looking into KPMG's whistleblower scandal.

KPMG used information from Optus to bid for work with Telstra.

Optus is a victim of KPMG's alleged misconduct.

The committee is discussing the partnership model used by KPMG.

The model is different from a corporate structure.

The hearing is continuing with Macquarie Group.

Macquarie is considering dropping KPMG as auditor.

The company is waiting for more information.

The board needs to have confidence in KPMG.

The decision will be made soon.

The Australian share market is experiencing losses.

The ASX 200 has dropped 0.8%.

Most stocks are down.

QBE shares have fallen 4.6%.

The insurer reported a rise in adjusted net profit.

The market's expectations were high.

Macquarie Group is still considering KPMG as auditor.

The company is waiting for a report from law firm Allens.

The report will analyze data related to KPMG.

The committee is questioning Macquarie's representatives.

Senator Paul Scarr is making a point about Allens' conflict of interest.

Macquarie's Frank Kwok is defending the company's decision.

The hearing is continuing with more testimony.