Warning of crisis 'worse than GFC' – The Aus; Optimism fades as Westpac wields axe – The Fin; Fresh start – The West; Abbott locks in $500m car cuts – The Fin; Barnett asked to explain deals with Chinese – The West

Warning of crisis 'worse than GFC' – The Aus; Optimism fades as Westpac wields axe – The Fin; Fresh start – The West; Abbott locks in $500m car cuts – The Fin; Barnett asked to explain deals with Chinese – The West