PM

Australia and Timor-Leste have agreed to abandon a treaty on maritime borders in the Timor Sea, which was originally set to remain in force for another four decades. Timor-Leste has long called for the 2006 treaty to be torn up, but Australia did not agree to that until now. Both parties have said their aim is to finally come to an agreement on permanent sea borders.

The Health Minister Sussan Ley has been stood aside as a Minister, after admitting some of her taxpayer funded trips to Queensland's Gold Coast failed to meet ministerial standards. The Prime Minister's moved to cut short the growing furore over his Minister's use of travel entitlements, with revelations today that her multiple trips to the Gold Coast included flights to attend events on New Years Eve, in 2013 and 2014, hosted by a prominent Queensland businesswoman and Liberal Party donor Sarina Russo.

Last year was one of turmoil and unpredictable events that shook financial markets, and 2017 looks likely to be more of the same. Saxo Bank's global analysts have put their thinking caps on to nominate their top ten outrageous predictions for 2017 - things that are unlikely to happen, but could rock financial markets for better or worse if they do.

A former chief ethics lawyer for the US President says it's going to be impossible to confirm the nominees for Donald Trump's new Cabinet without their ethics disclosure forms. The Republican Party is keen to press ahead with confirmation hearings before a Senate Committee this week, despite the Office of Government Ethics warning that the required ethics reviews for the nominees are not complete. PM speaks to Professor Richard Painter.

La La Land wins record seven Golden Globes, as actress Meryl Streep criticises the President-elect of the US for mocking a reporter's disability. Mr Trump has previously denied he was mocking the reporter's disability, but Meryl Streep believes it was the performance of the year and something that she says broke her heart.

A mother has vowed to defy the law and continue giving her sick daughter medicinal cannabis in the face of a police crackdown in two states. Raids have been carried out in New South Wales and South Australia in the last two months. Australia is moving towards legalising medicinal cannabis, but critics say it's too slow and access will be too limited anyway.

The song is 'Beware of the Beautiful Stranger'; the words are by the poet and novelist Clive James, who for nearly 50 years has also been writing songs with British singer-songwriter and radio producer, Pete Atkin. Their partnership has been chronicled in a book by Ian Shircore called 'Loose Canon'. Here, Clive James speaks to Mark Colvin about songwriting.

The mafia made headlines at the end of last year when one of its members, Pasquale Barbaro, was assassinated on the streets of Sydney. Italy has five major mafia organisations, and it's the Calabrian group that are known to have a presence in Australia. Doctor Felia Allum from the University of Bath says the Camorra, the mafia based in the seaside city of Naples, is also known to be present in Australia's criminal landscape.

Health experts are urging the national pharmaceutical benefits scheme to subsidise the vaccine for the rare but deadly disease, meningococcal B. It comes after the fifth person has been hospitalised with the disease in Queensland. The vaccine is currently unavailable in Australia because of dwindling global stocks, but even if it was, it would cost several hundred dollars for one person. Doctors say it should be subsidised and made more accessible for poorer families.

More than 100 prison inmates, including IS-affiliated militants remain at large in the southern Philippines, after a planned attack on their jail allowed one of the biggest prison breakouts in history. There are emerging reports that the dawn raid on the prison was mounted by the Bangsamoro Islamic Freedom Fighters, or BIFF, an extremist group of fighters which has declared its allegiance to Islamic State. One spokesman for BIFF has denied that the group was involved in the jailbreak.