Australia news live: Chalmers warns China slowdown could hurt economy; wild storm cuts power in Victoria

The treasurer says China’s dramatically slowing growth is ‘one of the major economic challenges facing Australia’. Follow the day’s news live

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Residents in Mackay, North Queensland, are still at serious risk of flooding after days of heavy rainfall, AAP reports.

The Bureau of Meteorology predicted rainfall over the Central Coast would shift offshore over last night. A severe weather warning remained in place, stretching from Sarina to Bowen in the north. Many waterways in the area also broke their banks after more than 300mm of rain fell in the 24 hours to Tuesday afternoon.