Category Archives: Australia news

Philip Lowe leaves clues his rate-rising work may be done – bar an Easter finale | Peter Hannam

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The RBA governor has ditched his hawkish tone and the odds now seem to favour just one more rise, probably in April – but that could change

There are, as Reserve Bank governor Philip Lowe reminded us as he announced a record 10th consecutive interest rate rise, “a range of potential scenarios for the Australian economy”.

One scenario, it seems, involves interest rates not rising much further. In fact, the RBA’s pre-Easter gathering on 4 April may mark the final rate hike in this cycle.

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Lidia Thorpe denies dating former bikie boss and is cleared of wrong doing by senators

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Exclusive: Former Greens senator denies relationship with Dean Martin and says she was told by her then party’s lawyers to say she dated him

Senator Lidia Thorpe has denied she ever dated former Rebels bikie boss Dean Martin and instead alleged she was told by lawyers for the Greens to claim the pair had a relationship.

A Senate privileges committee report into “possible obstruction” of the law enforcement committee – of which Thorpe was once a member – has found she should have declared her links to Dean Martin. However, it found that the former Greens senator did not disclose any of the committee’s sensitive activities and that she should not be found in contempt.

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Women earn $1m less than men over lifetime and retire with $136,000 less super, study finds

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Research adds to growing calls to pay more parental leave and for superannuation on paid parental leave

Women in Australia earn $1m less on average over their lifetimes than men and retire with $136,000 less in superannuation, according to research released on International Women’s Day.

The research by the Australia Institute’s Centre for Future Work, released on Wednesday, suggests that the biggest driver of the gap in retirement savings is still the gender pay gap.

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British high commissioner to Australia to declare UK must project multicultural image on world stage

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Vicki Treadell will set out a case that the UK has made progress to shake off its colonial history in speech to Press Club in Canberra

The British high commissioner to Australia, Vicki Treadell, will declare that the UK must do more to project a modern, multicultural image on the world stage.

Treadell will talk about the UK’s “journey beyond colonialism” on Wednesday, saying she is proud that in modern Britain “the daughter of immigrants can start at the lowest level of the civil service and become the British high commissioner to Australia”.

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Paul Keating blasts Age and SMH for ‘provocative’ China war story

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Former Australian PM criticises ‘extent of the bias’ in newspapers’ front-page report warning of armed conflict in Indo-Pacific

The former Australian prime minister Paul Keating has accused two of the country’s biggest newspapers of “the most egregious and provocative news presentation” in five decades, after they published front-page stories warning the country faced war with China within three years.

The former Labor leader, who has long argued Australia should not be drawn into a war over the status of democratically governed Taiwan, took aim at the Sydney Morning Herald and the Age on Tuesday.

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Australia politics live: RBA interest rates decision due today; Atlassian cuts 500 jobs in latest tech layoffs

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Australian software company to cut about 500 jobs, representing 5% of its workforce. Follow the day’s news

Climate change minister: many industries cannot comply with emissions reduction without offsets

What about what David Pocock wants – limits on the number of carbon credits big polluters can use? Chris Bowen says:

My position publicly is the same as it is privately – that if you put hard caps on carbon credits when you’re requiring 4.9% emissions reduction each and every year, then that is a problem, because you’ve got industries which won’t be able to comply with that without without accessing [credits].

Now, people say you can’t offset your way to net zero and you can’t offset your way to the 1.5 degrees. And I agree with that.

Mr Bandt with respect says ‘well, there’s this pipeline of projects and Labor wants to approve them’, now that is not the case.

What there is, is a register of projects which companies have … filled in and said one day we might want to develop this or we’re interested in developing this … many of them are yet to get environmental approvals, finished final investment, decisions for board approval, insurance, finance, etc.

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Hot, windy conditions drive up NSW fire danger again before Wednesday’s cool change

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Heatwave continues along the coast and extreme fire danger forecast inland as windy weather picks up

Hot and windy conditions were expected to drive up the fire danger in New South Wales on Tuesday, as the autumnal heatwave continues in parts of the state and more than 30 fires burn.

Extreme fire danger is forecast in the central ranges and greater Hunter areas, where total fire bans are in place.

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Queensland to spend $5bn on 1,100km CopperString power line to unlock renewables potential

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‘Eureka moment’ project will provide future energy certainty and trigger new minerals processing, Palaszczuk government says

The Queensland government has said it will take control of a $5bn proposal to build a 1,100km power line connecting Mount Isa to the national grid, which it says will “unlock” development of new-economy mineral deposits in the state’s north west.

The project, known as CopperString 2.0, has long been touted as necessary to provide future energy certainty to Queensland’s north-west minerals province, where miners are considering the potential to extract large amounts of copper, cobalt, vanadium, lead, zinc and phosphate.

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Female university graduates have bigger Hecs debts but earning less than men, research reveals

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Average student debt balance has risen 10% and taking longer to pay off, affecting major life events such as starting a family

Female university graduates in Australia are earning less than men while racking up more debt from their degrees, new research reveals.

The Futurity Investment Group’s university debt report, which surveyed more than 1,000 Australian graduates, found 70% of males earned more than $60,000, compared with 59% of women. Men were also more likely to be earning more than $100,000 (35% compared with 21% of women).

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NSW Labor vows to fix ‘broken’ environmental offsets system if elected

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Spokesperson Penny Sharpe says current system has ‘no red lines’ and party will deliver changes within first 18 months of government

New South Wales Labor has promised to fix the state’s “broken” environmental offsets system if it wins government in March, saying current policies are causing decline of endangered ecosystems instead of avoiding more damage.

“I think there’s a role for offsetting but the current system is skewed the wrong way,” the party’s environment spokesperson, Penny Sharpe, said.

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Share of affordable properties in Australian capital cities has more than halved, analysis shows

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The proportion of dwellings listed for under $400 a week has more than halved to an average of just 15% across the country

The share of rental properties listed for under $400 a week has more than halved to 15% across most Australian capital cities over the past year, accounting for just 7.8% of Sydney listings in February.

Research from data provider PropTrack, based on analysis of realestate.com.au found renters seeking a standalone house faced an even tighter market, with less than 5% of Sydney homes listed at under $400 a week.

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Voice referendum no campaign’s lack of tax-deductible status ‘discriminatory’, Warren Mundine says

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Exclusive: Leading no campaigner has called on government to quickly approve status but his organisation is yet to formally apply

The no campaign in the voice referendum has asked the government to quickly approve its bid to receive tax-deductible donations for its campaigning, applying for the status five months after it was granted to the yes side.

Leading no campaigner Warren Mundine has told the treasurer, Jim Chalmers, it would be “discriminatory” to not give the same tax concessions to both sides. But despite complaints from voice critics that the government had extended deductible gift recipient (DGR) status to the yes side, federal agencies said this week they had not yet received any application from the no side.

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Opposition demand funding for yes and no campaigns – as it happened

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This blog is now closed.

The RBA board will meet tomorrow to make its decision about raising interest rates (which, if it does so, will be the 10th increase in a row). The board has said it won’t hesitate to raise interest rates again and again to get inflation down to its target band (between 2 and 3%), but the data shows whatever savings buffer some people had after the pandemic is diminishing.

David Pocock told ABC Breakfast TV it might be time to look at how we deal with inflation:

I mean, this is a big question. There’s so many Australians doing it tough. My understanding is that they are simply implementing the rules. I’d like to maybe see some discussion about the rules.

If – you know, to reduce inflation, is the best way just to give money to the banks? You know, there’s surely a better way of locking up some of the cash in the economy, whether it’s putting it into super, raising the GST, I don’t know – but to have politicians criticise what seems to be just the process that has been set up by politicians is one thing.

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Racism in NT police ‘systemic’, senior Indigenous public servant tells Kumanjayi Walker inquest

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NT Australian of the Year Leanne Liddle describes consultations to develop an Aboriginal justice agreement as ‘devastating’

A senior Indigenous public servant in the Northern Territory government has told an inquest that she had seen “so many examples of systemic racism in the NT police force” that negotiating a justice agreement for the territory was “one of the most depressing and saddest experiences” of her life.

Leanne Liddle, an Arrernte woman and director of the Aboriginal justice unit in the NT attorney general’s department, developed the Aboriginal justice agreement (AJA) after extensive consultation in Aboriginal communities.

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World’s first openly transgender MP, Georgina Beyer, dies in New Zealand aged 65

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The former actor, drag performer, sex worker and radio host pulled off a surprise victory as a Labour MP and later played a pivotal role in decriminalising prostitution

Former New Zealand prime minister Helen Clark has led tributes to Georgina Beyer, the world’s first openly transgender MP, who has died.

Friends announced “with the heaviest of hearts” on Facebook on Monday that the 65-year-old had died at a Wellington hospice.

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Ladbrokes fined nearly $80,000 for failing to stem damage from man who stole millions for gambling

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Regulator finds firm did not inquire as to source of Gavin Fineff’s funds and instead ‘provided attractive bonuses’

The sports wagering company Ladbrokes has been fined nearly $80,000 for serious breaches of its licence and failing to limit damage caused by Gavin Fineff, a financial adviser who stole millions of dollars from his clients to service his gambling addiction.

Fineff has pleaded guilty to multiple fraud-related offences in the New South Wales district court and is awaiting sentencing. He lost more than $8m to sports gambling, with much of that money belonging to friends and clients, some of them elderly and vulnerable.

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Labor approves $9.5m for ‘facts of the voice’ but says it is not funding de-facto yes campaign

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Coalition ‘concerned government is putting fingers on the scales’ and independent David Pocock says information should be fact-checked

The Albanese government has authorised $9.5m of spending for a voice civics and awareness campaign to include the “facts of the voice” but insists it is not funding a de facto yes campaign.

The new $9.5m was contained in the “decisions taken but not announced” section of October’s budget, revealed in a legislative instrument made by the finance minister, Katy Gallagher, on Thursday.

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Calls to increase allowances for Indigenous carers to keep children connected with culture

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Ensuring First Nations siblings remain in contact must also be a priority, former Victorian Aboriginal children’s commissioner says

Victoria’s former Aboriginal children’s commissioner has called for increased allowances for kinship and foster carers in a bid to increase the pool of First Nations people looking after children in out-of-home care, and ensuring they remain connected to culture.

Andrew Jackomos, who held the commissioner role for five years between 2013 to 2018 and was the first person to hold an Aboriginal children watchdog role, has also appealed for greater safeguards to ensure Indigenous siblings in the out-of-home care system remain in contact.

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Armed man shot dead by police in Sydney’s south-west

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Officers responding to alleged domestic violence attack were threatened by man with two knives, police say

An armed man has been shot dead by police at the scene of an alleged domestic violence attack in Sydney’s south-west.

A critical incident investigation is under way after the 29-year-old was fatally shot in the chest in William Street at Yagoona shortly before 9am on Sunday.

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Victoria’s bail laws to be loosened after being labelled ‘complete, unmitigated disaster’

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State’s attorney general, Jaclyn Symes, says Andrews government has ‘no plans to weaken the laws’ for offenders who pose a serious community safety risk

Victoria’s contentious bail laws, which doubled the imprisonment rate of Aboriginal women, are set to be loosened within months, as the opposition warns the changes must not lead to violent offenders being released into the community.

The Coalition has signalled a willingness to offer bipartisan support for the wide-ranging reforms but warned the government must put “community safety first”.

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