Australia has cancelled the visa of a Netanyahu government MP.

Israel has swiftly retaliated, revoking visas for Australia's representatives to the Palestinian Authority. What does this latest tit-for-tat mean for the already strained relationship?

Meanwhile, Canberra is buzzing as the guest list for the Economic Reform Roundtable arrives. The government’s word of the day is “optimistic” - but what message are they really trying to send as day one kicks off?

Patricia Karvelas and Raf Epstein break it all down on Politics Now.

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