It's one of the world's most recognisable and ridiculed haircuts, but now the mullet is fast becoming rejected by schools.

Waverley College in Sydney is the latest educational institution to rule the 'do often described as "business at the front and party at the back" inappropriate for its campus.

"A lot of people are getting it," Kim Van Heel from Ziggy's Barber Salon said of the mullet.

"I doesn't matter if you're old, young, every one is seeing it as normal now."

The popular barber shop saw requests for mullets grow throughout the COVID-19 pandemic.

"Everyone started realising they can grow their hair out," Ms Van Heel said.

"When you're working from home there is less pressure.

"Then they realised you can go shorter on the sides but still have fun at the back like Billy Ray Cyrus said."

The haircut was known as an 80s and 90s staple with rock stars like David Bowie, John Farnham joining the country star Cyrus in leading the craze.

Australia's footballers also caught mullet mania.

Now, three decades on, the hairdo has infiltrated the once stuffy world of professional golf.

"It's become a good luck charm," Australian golfer and world number 27 Cameron Smith said recently showing off his longer locks.

"It needs a bit of a trim at the front.

"I'd really like to go full business at the front and party at the back."

The ongoing investigation into missing businesswoman Melissa Caddick's financial records has uncovered more allegedly fraudulent documents and falsified transactions.

Ms Caddick disappeared from her home in Dover Heights, in Sydney's affluent eastern suburbs on November 12 last year and has not been seen or heard from since.

She is suspected of allegedly stealing "tens of millions" of dollars from potentially hundreds of investment clients.

READ MORE: 'It's time to come home': NSW Police issue plea to Melissa Caddick

The Australian Federal Police (AFP) raided her home as part of an ASIC investigation just days before she disappeared.

In December last year Bruce Gleeson and Daniel Soire Jones Partners were appointed by the Federal Court of Australia as provisional liquidators of her wealth management company, Maliver Pty Ltd.

Mr Gleeson, Principal at the firm said since then "we have been forensically reconstructing the financial affairs of Melissa Caddick" and her company.

"This has involved reviewing thousands of documents, interviewing and corresponding with various individuals including family members, a former employer, former employees and notably many investor creditors," he said today.

READ MORE: 'No trace' of missing Sydney woman Melissa Caddick

Further investigations have found neither Ms Caddick nor her business held a current AFS licence, required under Australian law to provide financial services.

Instead of investing funds from investors, Ms Caddick allegedly transferred money from the business into her personal accounts.

The businesswoman also created false documents using a Commonwealth Bank or CommSec letterhead – documents which the bank has confirmed used fake reference or account numbers.

The review also found Ms Caddick's self-managed super fund was full of fake portfolio statements, contract notes and bank statements so as to inflate the value of assets.

Money was transferred between her company and personal bank accounts, making liquidating her company and redistributing assets to people who are owed money more complex.

"…a majority of assets which Maliver Pty Ltd has an interest in are held in the name of Ms Caddick," Mr Gleeson said.

"There are also assets which are held directly in Ms Caddick's name. Importantly, at this stage, our appointment as receivers to Ms Caddick's property does not authorise us to sell her assets."

Mr Gleeson said there would be a number of difficulties in returning the value of assets to investors who were ripped off by Ms Caddick's operation.

"Currently, our primary role as Receivers has been to investigate and file our report and also secure the assets of Ms Caddick," Mr Gleeson added.

"There are many complex legal issues in determining ownership of assets and just as importantly how best to proceed to enable the expeditious realisation of assets in both administrations and maximise the return to creditors, particularly the Investor Creditors who have been significantly emotionally and financially impacted."

He described the situation as "unusual" and urged anyone aware of any assets, or believed to be owed money to come forward.

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The government's new media laws for digital platforms like Facebook and Google have passed the Senate.

The News Media and Digital Platforms Mandatory Bargaining Code was amended earlier this week after Facebook took the historic step of blocking all Australian news from its pages.

The amendments must now be passed in the House of Representatives.

But the battle to get the laws passed stretches back half a year, to when Mr Frydenberg and the Australian Competition and Consumer Commission (ACCC) announced the draft code for digital platforms in July 2020.

Under the mandatory code of conduct, technology giants Google and Facebook would be required to negotiate with Australian media companies over payment for news content and notify them of algorithm changes.

It followed a direction from the Morrison Government, in December 2019, to facilitate the development of voluntary codes to address bargaining power imbalances between digital platforms and news media businesses.

https://twitter.com/EmmaLarouche/status/1364487973698330627?ref_src=twsrc%5Etfw

READ MORE: Facebook to restore blocked news pages 'in coming days'

The development of a code of conduct is part of the government's response to the ACCC's Digital Platforms Inquiry final report to promote competition, enhance consumer protection and support a sustainable Australian media landscape in the digital age.

"What we've sought to do is create a level playing field to ensure a fair go for Australian news media businesses and that when they generate original content, they are fairly paid for it," Mr Frydenberg said in July.

"We want Google and Facebook to continue to provide these services to the Australian community which are so much loved and used by Australians. But we want it to be on our terms.

"We want it to be in accordance with our law and we want it to be fair, and that is what has motivated us with this mandatory code."

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Former Liberal staffer Brittany Higgins has formally reopened the criminal complaint against the man she alleges raped her at Parliament House.

Ms Higgins claims she was sexually assaulted by a male political staffer in then-Defence Industry Minister and current Defence Minister Linda Reynolds' ministerial office in the early hours of March 23, 2019.

It is believed Ms Higgins made the formal complaint to the Australian Federal Police (AFP).

The specifics of the formal complaint have not been made public.

In a statement released last week Ms Higgins indicated she was close to making a criminal complaint to the AFP over the alleged sexual assault.

"The Australian Federal Police have made assurances to me that they will handle this matter thoroughly and transparently," the statement said.

"I would also ask that they handle it in a timely manner as to date, I have waited a long time for justice."

Last week, the AFP released a statement confirming a senior member of the AFP met with Ms Reynolds and her chief-of-staff on 4 April 2019 in relation to Ms Higgins' allegations.

Ms Higgins decision to make a formal complaint comes just days after a fourth woman came forward with allegations of sexual misconduct against the same Liberal staffer Ms Higgins has levelled her accusations.

The woman made a formal report at a police station in Canberra on Sunday.

Her account came hours after a third woman came forward with allegations of sexual misconduct by the same man.

Meanwhile, Ms Reynolds was today admitted to hospital and will be taking medical leave, a statement from her office has confirmed.

The minister was following advice from her cardiologist because of a pre-existing medical condition, the statement said.

https://twitter.com/BrittHiggins_/status/1364359719188537344?ref_src=twsrc%5Etfw

Ms Reynolds was admitted to a Canberra Hospital this morning as a precautionary measure.

Prime Minister Scott Morrison spoke to Ms Reynolds over the phone to express his concern and sympathy, and to wish her a quick recovery.

Last week, Ms Reynolds broke down in tears after facing repeated questions in the Senate about how Ms Higgins was treated.

In a post on Twitter this morning, Ms Higgins expressed her concern for the minister.

"Let's just hope that from this whole horrible situation there will actually be some fundamental reform to the MOP(S) Act for vulnerable staff and improvements to the workplace culture in Parliament House," Ms Higgins wrote.