Qantas boss Alan Joyce will leave his job immediately in the wake of a political furore over the airline's profits and service.

Mr Joyce advised the board he was bringing forward his retirement by two months to "help the company accelerate its renewal", the airline announced on Tuesday.

CEO-designate Vanessa Hudson will assume the role of managing director and group chief executive on Wednesday.

"In the last few weeks, the focus on Qantas and events of the past make it clear to me that the company needs to move ahead with its renewal as a priority," Mr Joyce said.

"The best thing I can do under these circumstances is to bring forward my retirement and hand over to Vanessa and the new management team now, knowing they will do an excellent job."

His decision comes after a horror week for Qantas marked by a Senate grilling on delays, and warnings that the airline faces a possible $250 million fine.

The Australian Competition and Consumer Commission announced it was taking court action after Qantas allegedly advertised tickets for flights that had already been cancelled.

The company is reviewing the allegations made by the consumer watchdog and has acknowledged its standards "fell well short" as the airline emerged from the COVID-19 pandemic.

Last month Qantas announced a record pre-tax profit of $2.47 billion for the past financial year, after recording a loss of almost $2 billion the previous year.

Soon after, it came under pressure to pay back the money it received from the federal government at the height of the pandemic.

It was given $2.7 billion from taxpayers, including $900 million from the JobKeeper program.

Transport Minister Catherine King said Mr Joyce's decision marked the end of one era and the start of a new one, with both major Australian airlines led by women.

"His decision to bring forward his retirement from Qantas provides an opportunity for new leadership," she said.

"I wish Vanessa Hudson every success in her new role."

Labor senator Tony Sheldon, who has led calls for Qantas to be more accountable, said Qantas chairman Richard Goyder "should go next".

Shareholders will formally vote on the appointment of Ms Hudson as managing director at the company's annual general meeting in November.

The Australian and International Pilots Association said the announcement would provide Qantas the "circuit breaker" needed to allow the airline to move forward.

The move came as parliament sought the release of sensitive documents about the federal government's decision to ban extra Qatar Airways flights in Australia.

Nationals senator Bridget McKenzie secured enough votes in the Senate to order the production of documents, giving the government until next week to table them or explain why they're being withheld.

Senator McKenzie accused the government of running a "protection racket" for Qantas after the transport minister refused to elaborate on why her decision was made in the "national interest".

"Who is the government really protecting when it says this decision was in the national interest?" she said on Tuesday.

The senator also managed to set up an inquiry into the decision and its impact on the aviation sector and ticket prices, after initially failing to get the votes.

Prime Minister Anthony Albanese told parliament on Tuesday he had met with Qantas competitor Virgin Australia regarding the Qatar Airways bid, but did not elaborate.

Virgin has a strategic partnership with Qatar Airways.

© AAP 2023

Livewire fullback Reece Walsh is geared up for his first NRL final, insisting he has no fear of rivals Melbourne and a better understanding of his vital role in getting Brisbane a victory.

The 21-year-old has been at his electric best since returning from a three-match ban for contrary conduct in the round-17 loss to Gold Coast, in which he gave teammate Pat Carrigan a spray and had a running battle with referee Chris Butler.

More importantly, he has also channelled his exuberant personality in positive ways instead of negative ones.

Walsh credits his captain Adam Reynolds for helping him keep his cool and maintain his focus.

"When Reyno sat out some of the games, he was in my ear a bit that the boys need me a little bit more than usual and I have to be calm and use my voice a bit more in the good areas, instead of blowing up," Walsh said ahead of Friday's qualifying final against the Storm at Suncorp Stadium..

"Sitting those three games out ... I was disappointed in that.

"The role I play in the team is really infectious among the group, (with) the way I carry myself on the field.

"Being a spine member, people look at you and need to trust your voice, your decisions and everything that you do.

"Losing my head isn't the best thing for the team. I'm still young and I'm still learning and I'll probably still have some snaps in me every now and then.

"But I find myself pulling myself back a bit more and the leaders in the team are helping me in that area of my game a lot more."

The Broncos have lost their last 14 games to the Storm and have not beaten them in Brisbane since 2009 but Walsh was adamant he does not believe in hoodoos.

"We are not the same team that has (lost) whatever it is ... the past 14, or whatever everyone is tossing up," he said.

"We know the team we are and the footy we can play. We know we are one of the best in the comp.

"Do I fear the Storm? I don't.

"We have got an awesome squad here. We have shown that throughout the year and it is just about building on what we've done and taking it to another level."

The Broncos will field a full-strength side against the Storm. Winger Corey Oates has been dropped and Jesse Arthars slots in, as revealed on Sunday by AAP.

Prop Keenan Palasia will wear the No.17 and joins Tyson Smoothy, Brendan Piakura and Kobe Hetherington on the bench.

© AAP 2023

Qantas boss Alan Joyce will leave his job immediately in the wake of a political furore over the airline's profits and service.

Mr Joyce advised the board he was bringing forward his retirement by two months to "help the company accelerate its renewal", the airline announced on Tuesday.

CEO-designate Vanessa Hudson will assume the role of managing director and group chief executive on Wednesday.

"In the last few weeks, the focus on Qantas and events of the past make it clear to me that the company needs to move ahead with its renewal as a priority," Mr Joyce said.

"The best thing I can do under these circumstances is to bring forward my retirement and hand over to Vanessa and the new management team now, knowing they will do an excellent job."

His decision comes after a horror week for Qantas, marked by a Senate grilling on delays, and warnings that the airline faces a possible $250 million fine.

The Australian Competition and Consumer Commission announced it was taking court action after Qantas allegedly advertised tickets for flights that had already been cancelled.

The company is reviewing the allegations made by the consumer watchdog and has acknowledged its standards "fell well short" as the airline emerged from the COVID-19 pandemic.

Last month Qantas announced a record pre-tax profit of $2.47 billion for the past financial year, after recording a loss of almost $2 billion the previous year.

Soon after, it came under pressure to pay back the money it received from the federal government at the height of the pandemic.

It was given $2.7 billion from taxpayers, including $900 million from the JobKeeper program.

Transport Minister Catherine King said Mr Joyce's decision marked the end of one era and the start of a new one, with both major Australian airlines led by women.

"His decision to bring forward his retirement from Qantas provides an opportunity for new leadership," she said.

"I wish Vanessa Hudson every success in her new role."

Labor senator Tony Sheldon, who has led calls for Qantas to be more accountable, said Qantas chairman Richard Goyder "should go next".

Shareholders will formally vote on the appointment of Ms Hudson as managing director at the company's annual general meeting in November.

The Australian and International Pilots Association said the announcement would provide Qantas the "circuit breaker" needed to allow the airline to move forward.

The move came as parliament sought the release of sensitive documents about the federal government's decision to ban extra Qatar Airways flights in Australia.

Nationals senator Bridget McKenzie secured enough votes in the Senate to order the production of documents, giving the government until next week to table them or explain why they're being withheld.

Senator McKenzie accused the government of running a "protection racket" for Qantas after the transport minister refused to elaborate on why her decision was made in the "national interest".

"Who is the government really protecting when it says this decision was in the national interest?" she said on Tuesday.

But the senator's push to set up an inquiry into federal government decisions on proposed extra flight arrangements in the past 12 months and their impact on the aviation sector and competition failed without the Greens' support.

Prime Minister Anthony Albanese told parliament on Tuesday he had met with Qantas competitor Virgin Australia regarding the Qatar Airways bid, but did not elaborate.

Virgin has a strategic partnership with Qatar Airways.

© AAP 2023

Interest rates have been left untouched at 4.1 per cent in September in welcome news for borrowers.

The Reserve Bank of Australia has stayed on the sidelines for the third month in a row, a move expected by most economists at outgoing governor Philip Lowe's final meeting.

The end of the tightening cycle is approaching but the governor kept the door open to more increases if needed.

"Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will continue to depend upon the data and the evolving assessment of risks," he said in a post-meeting statement.

"In making its decisions, the board will continue to pay close attention to developments in the global economy, trends in household spending and the outlook for inflation and the labour market."

Dr Lowe said inflation was still too high but the latest data was consistent with its return to the two-to-three per cent target range by late-2025.

This data included monthly inflation numbers, which showed a convincing moderation in consumer prices from 5.4 per cent in June to 4.9 per cent in July.

The board also ingested slightly softer jobs market data and a subdued quarter for wage growth.

But Dr Lowe singled out "significant uncertainties" that threatened to throw the central bank off course, including the risk of persistent service inflation, a hard-to-read consumer sector and a rocky Chinese economy.

"There are also uncertainties regarding the lags in the effect of monetary policy and how firms' pricing decisions and wages respond to the slower growth in the economy at a time when the labour market remains tight," he said.

The back-to-back months on hold follow four percentage points of increases since May last year that have been piling pressure on borrowers.

Monthly repayments have gone up by $1217 on a $500,000 home loan during the RBA's latest tightening cycle, according to numbers crunched by comparison site Canstar.

Treasurer Jim Chalmers said Australian households and businesses would welcome another month of reprieve but were still clearly under pressure.

The treasurer said China's economy was slowing and Australia was not immune to the uncertainty that would bring.

"We know that there are challenges ahead, but we are well placed to deal with them," Dr Chalmers told parliament.

Deloitte Access Economics partner Stephen Smith said the RBA's September decision suggested the bank was coming to terms with its "precarious position" in the wake of an aggressive round of interest rate hikes.

"This is borne out by the facts," he said.

"Monthly inflation indicator data released last week shows inflation continues to cool as supply-side factors abate, while the cumulative impact of 12 earlier rate hikes forces Australians to tighten their purse strings."

The economist also said wage growth was modest and home building - one of the most interest rate sensitive components of the economy - was going backwards.

Mr Smith expects to see Australia's economy cooling further in the June quarter when national accounts data is released on Wednesday and likely going backwards on a per person basis.

© AAP 2023