In a move described as unprecedented, the house economics committee has called Commonwealth Bank chairwoman Catherine Livingstone to testify before it, reports The Australian. Only CEOs of financial institutions have been called before the committee until now. Livingstone will appear along with CBA chief executive Ian Narev on October 20, no doubt to face a grilling on the Austrac investigation into money laundering by criminals using the bank's smart ATMs. Owners of high-rise apartments in Brisbane are incurring losses of up to 36 percent when selling their properties, reports The Australian. Following a warning from the Reserve Bank last week that the Brisbane apartment market was oversupplied and facing "crunch time", The Australian found that most sales this year of units in Hamilton, Bowen Hills and Fortitude Valley that were bought off the plan about five years ago (at the start of Brisbane's apartment building boom) have been at a loss.