Social media ban bill to be introduced; Coles to front supermarket inquiry; Future Fund to invest in homes, renewable energy projects [Video]

Thanks for reading the national news blog on what was a busy Thursday. This is where we’ll end today’s coverage.

To conclude, here’s a look back at the day’s major stories:

• Bill Shorten delivered his valedictory speech in parliament this afternoon, where he reflected on his 17-year career in Australian politics. Shorten gave a long list of thanks to his staff, colleagues and family in his final address.
• The under 16s social media ban bill was introduced into parliament today. Tech giants could be hit with fines of up to $50 million if they fail to follow proposed laws to block young users from their platforms.
• Coles fronted the watchdog’s inquiry into supermarket prices, with chief executive Leah Weckert assuring that their conduct was fair and saying that the competition is “very fierce” within the industry.
• Former treasurer Peter Costello has criticised Jim Chalmers’ plan to have the $230 …