Category Archives: Australian politics

Treasurer says Taylor’s fingerprints ‘all over’ energy policy chaos – as it happened

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Over on Sky News, the questions were all about the next budget:

Host: Joining us live now in Canberra is the prime minister, Anthony Albanese. Prime minister, good morning to you. So, a safe budget to pay for your election commitments. Are tax increases and spending cuts next?

Hang on, Pete. We’ve just had the budget last night. You’re now talking about future budgets. Let’s talk about what we did last night. What we did last night was to fulfil our election commitments, provide cost-of-living relief with cheaper childcare, cheaper medicines, more paid parental leave, more support for affordable housing. And we want to get wages moving again. We did all that without putting pressure on inflation by targeting our investments in things like infrastructure, improving the National Broadband Network, making sure that there’s that growth in the economy without putting pressure on inflation. That was our focus last night. And we managed to achieve it.

Look, we inherited a trillion dollars of debt, Peter, as you know. We inherited a trillion dollars of debt with not much to show for it. What we did last night was to make $22bn of savings. We took the revenue gains that have come through, 99% of those revenue increases from the higher costs of fuel and energy, we put them straight to the budget bottom line, 99% of them. So it was a responsible budget that saw a significant drop in the deficit to $37bn from what was anticipated. That is a responsible thing to do. Because we want to make sure that we fight inflation because that is necessary if we’re going to get real wages moving in the way that we want them to.

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Australia’s inflation rate hits 7.3%, the highest since 1990, heaping pressure on households

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Families and businesses feeling the pinch as soaring CPI ensures more interest rate rises to come

Australia’s inflation rate accelerated in the September quarter as energy prices soared, heaping pressure on households and businesses and ensuring more interest rate rises to come.

The consumer prices index (CPI) has risen 7.3% over the past year and increased by 1.8% in the July to September period, the Australian Bureau of Statistics said on Wednesday. Economists had predicted annual CPI would quicken to 7% from the 6.1% pace reported in the previous quarter.

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Medibank confirms hacker had access to data of all 3.9 million customers

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Data breach, which exposed all Medibank, ahm and international student data, could cost health insurer $35m

Medibank has revealed all of its 3.9 million customers have had their data exposed to a hacker, in a significant escalation of the cyber-attack on the Australian health insurer.

In an update to the Australian Stock Exchange on Wednesday, the company said that since Tuesday’s announcement that all customer data may have been exposed, the investigation into the breach has now established the hacker had access to all Medibank, ahm and international student customers’ personal data, and significant amounts of health claims data.

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Government to crack down on NDIS provider fraud amid warning scheme will soon cost $50bn annually

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Bill Shorten says $126m earmarked in Labor’s October budget will help protect national disability insurance scheme ‘from crooks’

The federal government is creating a “fraud fusion taskforce” to try to claw back nearly $300m from national disability insurance scheme providers, amid warnings the NDIS could cost more than $50bn annually within four years.

The new body, which will replace the existing NDIS fraud taskforce, will target “fraud and serious non-compliance” with the help of law enforcement, regulatory and intelligence agencies.

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Jim Chalmers’ first budget comes amid a darkening economic outlook. Here’s what could go wrong

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The federal budget forecasts growth of 3.25% this year but hints at a slowing global economy with high inflation and interest rates

The resilience of Australian households to soaring expenses and the nascent recovery of China’s economy will likely determine whether Jim Chalmers’ first budget is a charm or chimera.

This year’s forecast for Australia’s economy to grow 3.25% may be the best this side of the next federal election as the Reserve Bank tries to douse inflation with another 75 basis points of interest rate hikes. The outlook, though, is darkening at home and abroad, adding to looming fiscal strains.

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Australian budget forecasts heavy hit to economy due to floods and disasters

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Estimates growth will lose about quarter of a percentage point during the current quarter, or about $5bn in economic activity, because of flooding

The increasing frequency of weather disasters will take its toll on the economy in the near term and force the government to fork out hundreds of millions of dollars to build resilience for more to come.

As Australia endures its third La Niña event in as many years, the budget estimates growth will lose about quarter of a percentage point during the current quarter, or about $5bn in economic activity, because of the flooding across the country’s south-east.

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Labor pledges extra $200m in Australian aid for Ukraine and $500m for veterans in budget

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Albanese government unveils big boost to Pacific aid partly offset by axing Coalition’s agriculture visa while sparing defence from major cuts

The Albanese government has earmarked more than $200m for additional help for Ukraine and $500m to support Australian veterans and their families, while largely sparing defence from major funding cuts.

But a massive boost in aid to the Pacific and the expansion of Pacific worker schemes announced in Tuesday’s budget will be partly offset by a $213m cut to the previous Morrison government’s programs in the foreign affairs portfolio.

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Labor hints at more controls on energy sector – as it happened

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We will be breaking into the political coverage today to keep you updated on the floods as well:

Overnight, residents of the north west NSW town of Narrabri have been ordered to evacuate due to flooding, with the SES issuing the warnings for the town’s industrial and residential areas.

The rivers are very, very full and, of course, our dams are mostly at full capacity at present. So, even the smallest rainfall can cause an elevated risk of flash flooding and riverine flooding. We will see rivers decline, but the risk is real.

We are bracing for another wet weather system into the state on the weekend.

He is a friend of Australia as the UK is a friend of Australia. We congratulate him on his elevation to the Prime Ministership. The UK, like Australia, has no shortage of challenges and no shortage of economic challenges.

So, we wish Rishi Sunak well. Some of us had the opportunity to work with him briefly when we first came to government. I was able to exchange messages with him when he was unsuccessful in the last leadership ballot. I think it says something about his commitment and his persistence, the way that he conducted himself in the interim. I don’t think it’s insignificant that a country like the United Kingdom has its first Prime Minister of colour.

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NSW health minister Brad Hazzard to retire from politics at state election

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71-year-old member for Wakehurst on Sydney’s northern beaches says it’s time for a ‘new beginning’

Long-serving New South Wales Liberal MP and Covid-era health minister Brad Hazzard has announced he will retire from politics at the state election, saying it is time for a “new beginning”.

The 71-year-old is best known for his role in trying to manage the Covid-19 crisis, fronting the media frequently to inform about the virus and urge adherence to recommended health measures.

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Almost half of Australians support sending military to help defend Taiwan, poll suggests

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YouGov survey finds people in Australia more likely to favour sending troops than people in Japan and US

Almost half of Australians believe the country should send troops to help defend Taiwan against China if required, a much higher percentage of the population than in the US or Japan, a new survey suggests.

About a third of the public in the US and Japan agreed with sending military forces to respond to such a crisis, according to polling commissioned by the US Studies Centre at the University of Sydney.

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Mark Dreyfus refuses to say when Labor added high bar for public hearings to anti-corruption bill

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Attorney general accused of using public interest immunity ‘improperly’ and adding exceptional circumstances test as ‘political decision’

Mark Dreyfus has refused to reveal when federal Labor added the high bar for public hearings to its anti-corruption bill, saying to do so “would be detrimental to the public interest”.

The move has prompted former independent senator Rex Patrick to accuse the attorney general of “using public interest immunity improperly”.

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Budget deficit to halve this financial year but spending pressures mean boost will be short-lived

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Jim Chalmers’ first budget to reveal $42bn improvement to bottom line across forward estimates but conditions will deteriorate after two years

Soaring commodity prices and a strong labour market will deliver a $42bn boost to the budget bottom line over the next four years, with the deficit more than halving this financial year.

However, the improvement – to be revealed in Jim Chalmers’ first budget on Tuesday night – will be short-lived, with worse-than-expected deficits by the end of the forward estimates as a result of growing spending pressures.

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Politics live: Nationals accuse Labor of regional ‘vendetta’; Chinese state media denounces closer security ties between Australia and Japan

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Albanese government will scrap two Coalition grants programs to set up two new regional programs worth $1bn over next three years. Follow the day’s news live

Gallagher: spending audit is an ‘ongoing piece of work’

And it will continue, Katy Gallagher says:

My view is finance minister is that this is a process that should keep going. We’ve identified obviously, some of that the short term work and that will be reported in the budget.

But this spending audit should should keep going. We should do it in every budget, just to make sure that we’re constantly looking at ways we’re spending money and I think the Australian public would expect us to do that, that it’s not always adding in new spending when there’s … need that arises, and there will be, but we’re looking at existing expenditure as well and how we can reuse that or … realign it with … new investments.

It’s not exclusively infrastructure. We are finding savings across government. We have gone to every single department and ask them to look at their programs to identify programs that don’t need to be done any longer or don’t align with government priorities and where we’ve been able to return some money to the budget we’re doing that.

The other part of it is actually not adding new funding to things but using existing funding to fund some of our our priorities. So it’s been a very useful exercise and I think $22bn is a pretty reasonable figure to have achieved over just, you know, a couple of months in government.

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Lidia Thorpe to refer herself to privileges committee over relationship with ex-bikie

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Greens senator’s move heads off hostile referral by Coalition over possible perceived conflict of interest due to former role on law enforcement committee

Greens senator Lidia Thorpe will refer herself to the Senate privileges committee for possible investigation of her previously undisclosed relationship with former bikie leader Dean Martin.

Thorpe will write to the Senate president on Monday assenting to an inquiry into the possible perceived conflict of interest arising from the relationship due to her former role on the joint law enforcement committee.

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Australia will join Biden’s global pledge to cut methane emissions by 30% by 2030, Albanese confirms

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Funding of more than $3bn will support agricultural methane reduction, clean tech initiatives and the commercialisation of seaweed feed supplement

The Albanese government has confirmed it will join Joe Biden’s global pledge to cut methane emissions by 30% by 2030, as the prime minister warned climate change is increasing the frequency of Australia’s extreme weather events.

Guardian Australia revealed in June that Labor was considering signing the pledge, and the climate change minister Chris Bowen confirmed on Sunday Australia would be joining more than 100 other countries by making the commitment in the run-up to United Nations-led climate talks in Egypt next month.

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SES urges residents of several NSW areas to evacuate – as it happened

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Flood waters in Victorian border towns reach record levels as residents of several NSW towns are urged to evacuate. This blog is now closed

Taylor: potential inflation decrease ‘a good thing’

Taylor is now discussing inflation and says the Coalition believes inflation will be down to 2.5% in the next financial year according to Labor’s forecasts.

I’ve got to say many of the investments I’ve seen out in regional New South Wales have added to productivity, very significant impact.

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Optus data breach: customers yet to be reimbursed for passport replacements

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Government has not finalised process with the telco for passports to be replaced for free after 100,000 numbers were released

The federal government has not yet finalised a process with Optus for customers affected by its recent data breach to have their passports replaced for free, with no victims yet having their costs reimbursed nearly a month on from Anthony Albanese’s public demand.

The Department of Foreign Affairs and Trade says about 100,000 passport numbers were released in the Optus breach but that customers do not actually need to replace their passports, citing crackdowns on the use of those documents for identity verification processes.

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Housing, Indigenous and domestic violence services to receive extra $560m in federal budget

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Exclusive: The partial indexation of funding aims to help community organisations cope with rising costs

Community organisations such as housing, Indigenous and domestic violence services will receive an extra $560m over four years in Labor’s first budget since its re-election.

The partial indexation of funding revealed by the finance minister, Katy Gallagher, aims to help community services keep up with rising costs.

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Australia and Japan sign new security deal; flood waters peaking in northern Victoria – as it happened

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Volunteers place 195,000 sandbags in and around Echuca, which could reach devastating 1993 flood levels. This blog is now closed

Australian ultrarunner on pace to break daily marathon world record

Did you know that you have the genes to be a long distance runner?

If you go back to our early genetics, basically, everyone has the genes to be a distance runner. Back 50,000 years ago, our survival depended on us being able to walk and jog long distances to be able to get food, and catch animals.

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Anthony Albanese and Japanese PM Fumio Kishida sign new agreement to boost security and energy ties

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The updated security agreement aimed at sending a message to China will see Japanese troops train with their Australian counterparts

Japan and Australia will boost their security and energy ties as the prime ministers of both countries spruik the need for peace in the Indo-Pacific.

The prime minister, Anthony Albanese, and his Japanese counterpart, Fumio Kishida, met in Perth on Saturday at an annual Australia-Japan leaders’ meeting.

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