Police have been alerted after a list ranking the appearance of female students was allegedly found on a student's laptop at a school at McClelland College in Frankstonin Melbourne's south.

McClelland Secondary College's acting principal Laura Spence said the document was first raised with her by concerned students last Friday.

The list is believed to have been found on a Year 9 boy's laptop, with a spokesperson from Victoria's Department of Education condemning the behaviour as "misogynistic and disrespectful".

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9News understands the list was contained to one computer.

The female students impacted by the list are now being supported by the school.

In the email sent to parents yesterday, families were reassured that the students responsible for the list have faced disciplinary actions.

The details of those repercussions have not been made public.

In a statement, Spence said the safety and wellbeing of students was the absolute top priority for the school.

"I am very grateful to the students who immediately brought the matter to my attention," she said.

"We have already taken disciplinary action and will consider any further steps when the full facts of this incident have been established."

A spokesperson from Victoria's Department of Education condemned the list.

"Misogynistic and disrespectful behaviour is entirely unacceptable in any Victorian school – and the school has rightly taken swift action," they said.

"More than 1950 Victorian government, Catholic and independent schools are signed up the Respectful Relationships initiative – supporting them to embed respect and gender equality across their entire school community and stamp out these vile attitudes to women."

"We all have a responsibility to teach students respect – and we'll continue to invest in programs that promote gender equality to embed those attitudes."

The incident comes after two male students were expelled from Yarra Valley Grammar School after compiling an offensive list ranking their female classmates' appearances.

The Department of Education spokesperson said the latest incident had been flagged with Victoria Police, but no formal complaint has yet been made.

A man jailed for attempting to possess nearly 100 packages of cocaine hidden in a shipping container will face a new trial after winning his appeal.

Mark Anthony Dumenil, 52, was sentenced to 11 years' imprisonment in February 2023 after a jury found him guilty of one count of attempting to possess a commercial quantity of imported drugs.

The Brisbane Court of Appeal on Tuesday found that Dumenil had not faced a fair trial as the jury likely convicted him using evidence against his co-defendant.

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Justices Debra Mullins, David Boddice and Peter Callaghan took a few minutes to consider their judgment before ordering Dumenil's conviction be overturned.

Justice Mullins said the court would publish its reasons at a later date but earlier said she was concerned about what the jury was told.

"This is a question of inadmissible evidence being before the jury," she said.

On January 8, 2018, the Australian Border Force found 26.5kg of pure cocaine in 99 packages hidden in the roof of a shipping container that had arrived in Brisbane from Colombia.

Dumenil faced trial alongside Hashanth Arjuna Kulatunge, 53, as both Melbourne business owners were accused of flying to Brisbane to meet the shipping container at a warehouse.

Dumenil's barrister Jakub Lodziak told the appeal that the jury had not been sufficiently instructed about Kulatunge's claim that Dumenil helped him retrieve the cocaine.

"It was not conceded that (Dumenil) even knew about the hoard of cocaine. There were no fingerprints or DNA. The only evidence linking him directly was (Kulatunge's) statement," Lodziak said.

Crown prosecutor Clare O'Connor said an error was made at trial but there was other evidence against Dumenil, including covertly recorded audio.

"The strength of the case itself is overwhelming," she said.

Justice Mullins said a message needed to be sent about oversights that could have been corrected during the original trials.

"We get a number of appeals where it is quite apparent that trial counsels' eyes glazed over as the judge (summarised the evidence for a jury) and they really have to remain alert," Justice Mullins said.

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A chain of high-end steakhouses has been shut down after the company that runs them went into voluntary administration.

Botswana Butchery's venues in Sydney, Canberra and Melbourne stopped trading yesterday, administrators BDO Australia said in a statement.

The venues were known for selling expensive cuts of meat, with one $500 dish boasting a 1.6-kilogram wagyu tomahawk covered in gold leaf.

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The restaurants were owned by hospitality business Good Group Australia, which went into administration last month.

Two other restaurants owned by Good Group Australia, White + Wongs in Sydney and Melbourne have already been closed down.

Duncan Clubb and Andrew Sallway, from BDO Australia, said the Botswana Butchery restaurants were running at a loss.

"Due to the significant cash losses being incurred in operating the restaurants, the group's shareholders are no longer able to fund the ongoing trading and restructuring costs," they said in the statement.

The Botswana Butchery chain opened its first store in Queenstown, New Zealand in 2007, before adding another in Auckland.

Its Sydney restaurant opened in October 2021, and Melbourne a year later.

The Canberrra venue had only been open a few months before its closure.

BDO Australia said the company's New Zealand venues remain unaffected.

Customers with pre-paid restaurant vouchers or pre-paid reservations would be provided with a full refund or voucher for the group's New Zealand restaurants, Clubb and Sallway said.

Botswana Butchery's demise comes at the same time as news of Sydney fine dining restaurant Tetsuya's closure after 35 years in business.

The federal budget will bring down inflation far faster than anyone expects, but it won't do anything to reduce interest rates.

While Treasury says the consumer price index (CPI) is due to come back under 3 per cent by the end of the year and drop another half a per cent in 2025 on the back of $300 in energy relief for every household, medicine price restraints and increased rent assistance, there's no interest rate flow-on expected.

That doesn't seem to make much sense, but it's nonetheless there, inked in black and white into the budget papers.

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"The cash rate is assumed to gradually ease from around the middle of 2025 to reach 3.6 per cent by the middle of 2026," they state.

Conventional wisdom says inflation and rates go hand in hand – the RBA uses hikes to bring high CPI under control, moderates them once inflation is back in the 2-3 per cent target range, and then turns to lower rates when spending needs a boost.

Treasurer Jim Chalmers mentioned that relationship today, telling the National Press Club that cost-of-living relief will "also help keep inflation expectations anchored, which means we are supporting monetary policy".

So why the difference in the budget?

Much as Reserve Bank Governor Michele Bullock is Chalmers' intended audience, as 9News National Affairs Editor Andrew Probyn wrote last night, she and her board are likely to take a longer-term look beyond a one-year, $300 sugar-hit.

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"Even if these measures do help to bring inflation down to within striking distance of the 2-3 per cent target band by the end of 2024, the RBA is unlikely to view this as enough to start cutting the cash rate," CreditorWatch chief economist Anneke Thompson said. 

"The RBA will look through these short-term impacts, much like they do with volatile items like fuel and fruit and vegetables."

That's a view fellow economists share.

"Given the RBA looks at the trim measure of inflation, the changes to electricity bills probably won't have much impact on the RBA's decision-making process," Dr Susan Stone from the University of South Australia said.

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For his part, Chalmers has played the straightest of bats to questions about the budget's rates prediction.

"It's a good opportunity to remind everyone that the interest rate assumptions in the budget are just informed by the Bloomberg survey of market economists," he said when asked if he agreed that the first rate cut won't come for another 12 months.

"The Treasury has to make an assessment… an assumption about the future trajectory of interest rates.

"The fairest most appropriate way to do that is to let the survey of market economists inform that."

Not that there's much political harm in what appears to be a fairly conservative assumption.

You only need to look back to former Reserve Bank governor Philip Lowe to see how poorly even perceived wayward interest rates forecasts are received.

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The budget is "a mechanical manipulation of the CPI which, if it works, will deliver an electoral benefit" for the government, Probyn wrote.

Incorrectly predicting a pre-Christmas or early-2025 rates cut would have the opposite effect when Australia heads to the polls in the next 12 months.

"What happens to inflation and interest rates post-budget could make or break the government's electoral fortunes," UTS Institute for Public Policy and Governance chief economist Tim Harcourt said. 

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Chalmers said today that throttling high inflation and helping households immediately was the budget's "primary purpose", but Thompson says there is another factor that will help get the CPI back to target.

"It will be a non-budget measure – reining in population growth – that will have the biggest impact here," she said. 

"And the good news is, the forecasts for population are showing much lower growth over the next few years.

"The federal government has a great deal of control here, and has already made it clear that it is reducing student visa numbers dramatically. 

"For mine, this is where the inflation fight will be won or lost, and it appears that we are finally now on the right path."