Australian wholesale energy prices in June quarter tripled from last year, market operator says

Aemo executive says need for renewables is ‘urgent’ as failing coal-fired power plants and global gas costs cause prices to surge

Wholesale electricity and gas prices tripled in Australia’s main grid in the June quarter compared with a year ago, as failing coal-fired power plants and soaring global gas costs combined to create “unprecedented” market disruptions, the Australian Energy Market Operator (Aemo) said.

Aemo’s quarterly market dynamics report found average spot prices for electricity in the national electricity market, which serves eastern Australia, averaged $264 per megawatt-hour across the quarter. That’s more than double the previous high of $130 in the first quarter of 2019 amid droughts and heatwaves, and a little more than three times the average price in the June quarter of 2021, which was $85.

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NSW issued 501 fines to children under 15 in past year for not wearing or carrying mask

Redfern Legal Centre says $20,000 in fines issued is ‘unjust’ and ‘sets children up for failure’

About 500 children aged under 15 were fined a total of $20,000 for not wearing or carrying a mask in New South Wales in the past 12 months, including 34 who remain in an unpaid work and development scheme to reduce their debts.

The state government has faced sustained criticism for its pursuit of children over Covid rule breaches, particularly given the confusing and shifting nature of public health orders and the disproportionate impact Covid fines are having on the most disadvantaged.

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Independents, diversity and climate: highlights of new MPs’ first speeches to Australian parliament

As Australia’s most diverse federal parliament opened, new members introduced themselves and set out priorities

The 47th parliament is the most diverse ever, including a record number of women, 11 First Nations representatives and a lower house crossbench of 16 independent or minor party MPs.

But before any of the new MPs can speak on important bills or other parliamentary business, the first order of business is a speech to introduce yourself and set out priorities.

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Conservative Christian groups lobby federal MPs against territories’ assisted dying rights legislation

Australian Christian Lobby says it is ‘… completely inappropriate for the new government to prioritise a controversial bill such as this’

Conservative action groups are mobilising supporters against a government push to allow territories to make their own laws on euthanasia, raising concerns around potential impacts on Indigenous Australians in the Northern Territory.

The Australian Christian Lobby is flooding federal MPs with emails in a campaign to block a private member’s bill to be introduced next week, but territories minister Kristy McBain says she’s confident it will pass parliament.

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NSW public servants waited on ‘ministerial feedback’ on New York trade role later given to John Barilaro

Newly released documents raise new questions about ministerial involvement in recruitment process

Officials inside Investment New South Wales were waiting for “ministerial feedback” on the lucrative New York trade job – which eventually went to former deputy premier John Barilaro – in late April, documents show.

On the same day the deputy Liberal party leader, Stuart Ayres, held a media conference in Mumbai denying he influenced the decision to hire Barilaro, a trove of files released under a parliamentary order raised new questions about the government’s insistence that the recruitment process had been handled at arm’s length from ministers.

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Cancer researchers unable to access clinical trial data for top-selling drugs, study finds

Lack of transparency from pharmaceutical companies on anticancer medication has implications for health equity, Australian scientist says

Clinical trial data that saw some of the world’s most widely used cancer drugs approved by the US drugs regulator remains secret, despite a pharmaceutical industry commitment to transparency made in 2014.

The authors of a study published in the journal JAMA Oncology on Friday said the lack of transparency should be concerning to Australia.

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Australian mountain climber Matthew Eakin one of two men found dead on K2

The bodies of two mountaineers, Eakin and Canadian man Richard Cartier, found on the world’s second-highest mountain in Pakistan

An Australian and a Canadian climber have been found dead on K2, with the world’s second-highest mountain in Pakistan claiming at least three lives in recent weeks.

The Himalayan Times identified the Australian mountaineer as Matthew Eakin and the Canadian climber as Richard Cartier, after reports the two had gone missing last week during their descent from Camp 2 to Camp 1.

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China’s targeting of Australian military planes ‘aggressive and irresponsible’, US says

Defense department’s Ely Ratner says such incidents represent ‘one of the most significant threats to peace and stability in the region’

China’s targeting of Australian military planes was “aggressive and irresponsible”, the United States Department of Defense says, and it “represents one of the most significant threats to peace and stability in the region”.

In comments released on Thursday morning, the US defense department’s Ely Ratner said Chinese aggression in the Indo-Pacific was an attempt to challenge the rules-based order and assert greater control in the area.

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Jim Chalmers to cut economic growth estimates amid inflation ‘headwinds’

Treasurer will use state of the economy speech to trim 2021-22 growth to 3.75% and provide new inflation, wage and unemployment forecasts

The federal treasurer, Jim Chalmers, will use the state of the economy speech to trim the national growth estimates, citing global economic “headwinds”.

“[T]he headwinds our economy is facing – higher inflation at the top of that list, along with slowing global growth – are now reflected in the revised economic outcomes and forecasts,” Chalmers will tell parliament on Thursday according to an excerpt of his speech.

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Secret dealings: state-owned Queensland water company refuses to outline Adani relationship

Sunwater says documents confidential after right-to-information request reveals dealings with mining giant

A Queensland government-owned water corporation is holding back 96 documents detailing its business dealings with Adani, refusing to answer questions or release any information about the nature of agreements it says are commercial in confidence.

The source of the billions of litres of water Adani needs every year for its Carmichael coalmine in central Queensland has been shrouded in secrecy since its bid to pipe from the Suttor River was overturned by the federal court.

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Despite Australia’s soaring inflation rate, some economists say the peak may be ‘coming into view’

Analysis: Inflation optimists look to falling global supply chain pressures but spiking energy prices suggest we haven’t reached a plateau yet

Some economists have tipped that the inflation rate has started to plateau, even after the Australian consumer price index on Wednesday showed the fastest annual pace of inflation since 2001.

Australian prices rose 6.1% in the June quarter, the quickest pace in 21 years. Yet even in that dire news from the Australian Bureau of Statistics, some economists were able to spy a silver lining.

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‘Out of step’: Victoria’s first openly gay MP slams Liberal party leadership over Moira Deeming preselection

Former Liberal MP Andrew Olexander says he is ‘angered’ and ‘disappointed’ with party

Victoria’s first openly gay state MP has slammed the leader of his former party, Matthew Guy, for failing to condemn a newly preselected Liberal candidate who has a history of attacking transgender rights.

Moira Deeming, a teacher and Melton councillor, was preselected at the weekend to replace the outspoken upper house MP Bernie Finn ahead of the November state election.

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Australia still failing to hit more than two-thirds of Closing the Gap targets, new data shows

Minister for Indigenous Australians says more is needed to address systemic disadvantage as data shows four of 13 targets on track

The nation is failing to address the systemic disadvantages experienced by First Nations communities, according to the latest Closing the Gap data released by the Productivity Commission on Thursday.

Four of the 13 targets are on track: the birth weights of Indigenous babies, preschool kids attending early childhood education, and youth detention rates are trending in the right direction, while gains are being seen in land and sea rights.

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From civil service to civil disobedience: Greg Hunt’s former adviser joins Extinction Rebellion protest

Gregory Andrews was one of several former public servants at rally outside Parliament House calling for end to fossil fuel expansion

In 2013, Gregory Andrews was an adviser to the then environment minister Greg Hunt, working in an office that scrapped the Tim Flannery-led Climate Commission and abolished a national carbon price scheme.

Late last year he was Australia’s high commissioner in western Africa, where his job focused on helping push oil and gas developments by Australian companies.

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Australia politics live: Pauline Hanson under fire for welcome to country walkout; Kylea Tink and Stephen Bates make first speeches to parliament

AAP has a preview of today’s inflation figures, which are going to be horrible:

Australia could be about to record its worst inflation outcome in more than 31 years, paving the way for higher mortgage and lending rates.

The Australian Bureau of Statistics will release the consumer price index data for the June quarter – when the price of a supermarket iceberg lettuce hit $10 – on Wednesday.

The financial market consensus is for a headline annual inflation rate of 6.2% – the highest since the December quarter of 1990.

That would be more than the 5.1% rate logged in the March quarter, which was the fastest pace of annual price growth in 21 years.

“Since then, inflation has likely broadened and deepened,” St George chief economist Besa Deda said.

The quarterly outcome is forecast at 1.8%, which would be slightly lower than the 2.1% recorded in the previous quarter.

But the range of economists’ forecasts for the quarterly number is wide – between 1.6% and 2.8% – signalling uncertainty about how deeply entrenched price pressures have become since March.

While the main drivers of inflation in the June quarter will again be fuel and food costs, housing and building costs are also likely to be strong – perhaps as high as 20% year-on-year, according to JP Morgan economists.

Other factors are adding to the pressure, particularly in the housing sector, where rents are rising and demand for new homes and related construction services and products remains strong.

It is the first question time today. In case you missed it, here is Murph’s analysis on the plan so far:

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Mystery of Somerton man’s identity solved after 73 years, researchers in Australia say

Cryptic clues about man found on an Adelaide beach in 1948 spawned theories of jilted lovers and cold war spies – but the truth may open up even more questions

A South Australian academic’s claims to have identified “Somerton man” as a 43-year-old electrical engineer from Melbourne could finally provide answers in one of Australia’s most infamous cold cases.

For 73 years, the identity of a well-dressed man found slumped by a sea wall of Somerton beach, south of Adelaide, in 1948 has been a mystery – leaving room for theories featuring jilted lovers and cold war spies.

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Cost of living 2022: see how inflation has changed prices in Australia in the June quarter – interactive

Use this data explorer to see which goods and services are getting cheaper or more expensive in different Australian cities

Data released on Wednesday by the Australian Bureau of Statistics showed prices climbing by 6.1% in the June quarter – the fastest annual pace since 2001 – driven primarily by the increasing cost of food and fuel.

Russia’s invasion of Ukraine has pushed up global oil and gas prices as well as food, with Ukraine unable to export its grain harvest as Russian missile strikes continue on its ports.

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Liz Cambage’s WNBA future unknown after split with LA Sparks

  • Australian centre and her club agree to ‘contract divorce’
  • 30-year-old is yet to announce her future plans

Liz Cambage’s basketball career is in limbo after the polarising Australian star agreed a “contract divorce” with her WNBA team Los Angeles Sparks as they fight to secure a playoff spot.

“It is with support that we share Liz Cambage’s decision to terminate her contract with the organisation,” Sparks managing partner Eric Holoman said in a statement.

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Ben Roberts-Smith’s year-long defamation trial against three newspapers concludes

Ex-soldier’s barrister tells court that reporters ‘jumped on rumours’, while newspapers’ counsel alleges Roberts-Smith ‘prepared to lie under oath’

Ben Roberts-Smith’s long-running defamation case has concluded in Sydney, with his barrister telling the court the decorated former soldier was the victim of a “war of words” from jealous comrades intent on tearing down his reputation.

After more than 100 days of evidence, 42 witnesses from around the world, hundreds of exhibits, and thousands of pages of transcripts, the year-long trial ended with closing submissions from legal teams Wednesday morning.

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Aged care reform first bill to pass lower house under Albanese government

Legislation enacting royal commission’s recommendations for sector expected to pass parliament despite opposition’s accusation of ‘playing politics’

The aged care sector has urged the new federal parliament to quickly pass delayed legislation enacting key recommendations of the royal commission, saying residents “can’t afford to wait any longer” for reforms around new funding, governance and conduct of staff.

A bill legislating the royal commission’s recommendations was the first to pass the House of Representatives and expected to easily and rapidly pass through the parliament. The Labor government is also calling on the Coalition opposition to back some of its central election promises, including mandating nurses in aged care facilities on a 24/7 basis.

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