SBS News In Depth Folgen

SBS Finance Editor Ricardo Gonçalves speaks with Julie Lee from FTSE Russell about the impact of the Fair Work Commission's 3.5% rise to the minimum wage along with the rest of the day's sharemarket news, plus Rhayna Bosch finds out why petrol prices have risen despite a fall in the global oil price with Vivek Dhar from the Commonwealth Bank.

New Federal Multicultural Minister Anne Aly says that social cohesion is not entirely up to multicultural communities. It comes as the government announced plans to open an Office for Multicultural Affairs to sit within the Home Affairs Department. But it falls short of a landmark report's recommendation to create a standalone department for Multicultural Affairs, Immigration and Citizenship, which also raised concerns about how migrant communities feel they are being monitored, rather than supported, by the Home Affairs department.

Kurt Cobain's last guitar, used during his band Nirvana's iconic M-T-V Unplugged Performance shortly before his death, is the centrepiece of a new exhibition at London's Royal College of Music. The guitar, which previously broke records by selling for $9.4 million at auction, is considered an iconic piece in the band's enduring legacy.