Category Archives: Australian economy

Australia news live: person ‘likely’ with dementia made call to police before 92-year-old allegedly assaulted by police, Karen Webb says

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Chalmers asked about findings that jobseekers unable to afford ‘basics of life’

The treasurer Jim Chalmers was up on ABC News Breakfast just earlier, asked about new Anglicare data showing Australians on income support are “structurally unable to afford the basics of life”.

This is the primary motivation for the substantial cost of living relief that we’re providing in the budget. Whether it is the tax cuts for every Australian taxpayer, energy bill relief for every household, help with student debt and cheaper medicines, plus the increases to jobseeker – which were in the budget before last – all of these are important ways that we can not just understand and acknowledge the pressures that people are under, but actually respond to them.

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Australia’s unemployment rate dips to 4% as economy adds 40,000 new jobs

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Jobless rate eases as employers shrug off rising costs to keep adding to their workforces

Australia’s unemployment rate eased last month as employers shrugged off rising costs including higher interest bills to keep adding to their workforces.

The jobless rate was 4% in May, the Australian Bureau of Statistics said on Thursday. That was in line with economists’ predictions and was a slight drop from April’s 4.1%.

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New ‘targeted’ search in Samantha Murphy investigation – as it happened

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Sydney’s light rail network disrupted today amid industrial action

A reminder for Sydney commuters that the light rail network will be disrupted today amid planned industrial action.

Recent estimates have Australians consuming around 3,300,000 bags of cocaine per year, with every single one of them bought off the black market. There is no way of knowing whether any of them have been cut with deadly substances like fentanyl or nitazene.

We have to acknowledge that the majority of people who use cocaine do so recreationally and there is absolutely no chance of stopping people using the drug. We therefore need to consider all options to reduce harm, including regulating cocaine in a similar way to how we regulate alcohol.

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Australian capital city rents have biggest monthly fall in over four years but crisis ‘far from over’

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Sydney house rents still nation’s highest but an expected rise in vacancy rates this winter could provide some relief to tenants, expert says

Average asking rents in Australia’s capital cities fell 0.5% in May, the largest percentage monthly decline in more than four years.

New data released by SQM property research shows the fall in average capital city rents – to $723 in May – was the largest monthly percentage decline on that measure since April 2020.

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Australia news live: Dutton suggests Coalition won’t provide 2030 emissions target before election5; Qld state budget announcement today

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Opposition leader says Coalition will ‘make our announcements in relation to our targets in due course’. Follow today’s news headlines live

Murray Watt says the opposition has “started the new climate wars” after Barnaby Joyce and Keith Pitt, two senior Nationals, called for Australia to pull out of the Paris agreement. You can read more on this from Karen Middleton below:

Speaking to ABC News Breakfast, Watt said:

We’re back to the same old climate wars in the Coalition. I saw overnight that [Joyce and Pitt] openly called for the Coalition to pull out of the Paris agreement. They’ve spent the last couple of days trying to paper over the cracks in the Coalition, saying that they can withdraw the target without withdrawing from the agreement. Now it’s out there in the open for everyone to see. And you can set your clock by Barnaby Joyce causing new climate wars within the Coalition. It’s seem like we’re back to the bad old days.

We’re on track to get to 42%, which is only 1% short of the 43% target.

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Shannon Fentiman referred to Queensland ethics committee over ‘cross your legs’ stoush – as it happened

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Max-Chandler Mather weighs in on Bandt’s potential legal action against attorney-general

Greens MP Max Chandler-Mather spoke to ABC News Breakfast earlier about the ongoing stoush between his party and Labor, with Adam Bandt threatening legal action against the attorney general, Mark Dreyfus, over comments on pro-Palestine protests.

Asking me to comment on the specifics of a case like that – outrageous comments by the attorney general, completely baseless and without fact … this is an attempt to distract from the fact that the Labor government is complicit in a genocide being carried out by Israel in Gaza.

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Politics live: question time claims and counter-claims over Australia’s military ties with Israel

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Going fully electric would save households more than $600 a year for next four decades, report says

Households would save an average of $608 a year for the next 40 years if new residential buildings in New South Wales were required to be fully electric, according to a report commissioned by climate organisation 350 Australia.

It cuts energy bills for local residents and small businesses during a cost of living crisis and reduces climate pollution, at almost no cost to councils. It will be low-income people and renters who will benefit most from council-led electrification.

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Australia politics live: $600,000 speechwriter not responsible for Bill Shorten’s ‘zingers’, Matt Keogh says

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Workplace relations minister Tony Burke has conceded role wouldn’t ordinarily be paid that much. Follow today’s news headlines live

For a bit of a change of pace, you may enjoy this essay from Malcolm Turnbull in Foreign Affairs, where he outlines how he believes world leaders can deal with a second Trump presidency.

Turnbull bases a lot of his arguments on his own dealings with Donald Trump while prime minister. He runs through the infamous refugee deal phone call (the transcript of which was leaked) and the trade back-and-forths over tariffs.

The caricature of Trump as a one-dimensional, irrational monster is so entrenched that many forget that he can be, when it suits him, intelligently transactional. Like most bullies, he will bend others to his will when he can, and when he cannot, he will try to make a deal. But to get to the deal-making stage, Trump’s counterparts have to stand up to the bullying first.

I would certainly like to see the performance lifted. I would like to see better outcomes, particularly for the more vulnerable cohorts.

We also have work going on, in response to a parliamentary inquiry into the employment services system, going on in parallel to overseeing this new system.

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Minimum wage workers in Australia to get a 3.75% pay rise over the next 12 months

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Annual increase compares with 4.1% pace of wage price index growth in year to March

Australia’s lowest-paid workers will collect a pay rise of 3.75% in the coming year, a result likely to please the Reserve Bank but dismay unions who sought a 5% rise.

The Fair Work Commission announced the 2024-25 decision for minimum and award wages on Monday. The increase affects about one in four employees from 1 July.

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Australia politics live: government has discretion over acting on ICC arrest warrants, officials say

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Meanwhile, government to rewrite visa cancellation rules after independent tribunal gave non-citizens with serious criminal convictions their visas back. Follow the day’s news live

Andrew Giles was asked why he wasn’t told about what was happening with his directive in the tribunals – why there weren’t meetings to receive updates.

He said there were meetings with his department which were taking place “pretty regularly”.

What has been unacceptable is the fact that these AAT decisions to set aside cancellations that were made under section 99 that were made by this government by my department – we were not advised, I was not told that these cancellations had been overturned by the tribunal.

That’s the issue that I’m deeply concerned about. And that’s what I’m focusing on fixing now.

There are around 30 that I’ve called up as a matter of absolute urgency and they are dealt with through the day and night.

I’m gonna get to the bottom of this – a protocol that I put in place was not adhered to, that is entirely unsatisfactory. As I said, I’m now focused on dealing with the urgent issue which is the cancellation consideration, I put in place a new protocol and I want to get to the bottom of what happened and why.

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MP urges colleagues not to use Gaza as ‘opportunity to gain votes’ – as it happened

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WA shooter’s daughter says police ‘ignored’ warnings

Social services minister Amanda Rishworth has been asked about the powerful statement Ariel Bombara released yesterday, claiming Western Australian police had “ignored” warnings from her and her mother that their lives were under threat.

By that point we felt completely helpless and I had to focus on getting mum to safety. I did everything I could to protect my mother, and when my father couldn’t find us he murdered her best friend and her best friend’s daughter.

Rents have surged in Australia’s capital cities, with only 5.9% of city overall rentals now costing less than $400 a week.

At the start of the pandemic, one in five house rentals in Sydney cost less than $400 a week – that figure is now one in 50.

In Melbourne, one in 25 house rentals now costs less than $400.

The national share of rentals available under $400 dropped by one third annually to just 10.4%.

ACT had the smallest share of properties listed to rent under $400 at 2.1%, followed by Sydney (3.8%) and Perth (5.6%).

Melbourne saw the largest annual decline in the share of houses listed for less than $400 a week, followed by Adelaide and Sydney.

In regional markets, only 16.3% per cent of houses were advertised for under $400 a week in April.

Regional WA (14.8%) had the smallest portion of homes listed to rent below $400 of the regions, followed by regional Queensland (15.8%) and regional NSW (21.5%).

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Australia politics live: cabinet ‘crafting the offer’ for next election, PM tells caucus; transport department boss quizzed over Taylor Swift shirt

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Anthony Albanese reminds his colleagues that government now in the final 12 months of its first term. Follow the day’s news live

‘Last 24 hours only reinforces need’ for immediate humanitarian ceasefire, return of hostages and aid access, Conroy says

Pat Conroy was also asked about Israel’s assault on a refugee camp for displaced Palestinians in Rafah.

Well, we’re incredibly concerned by what we saw in Rafah. And that’s why we’ve been continuing to call for an immediate humanitarian ceasefire. We’ve also called for an immediate return of all hostages that Hamas have taken. And the immediate opening of access so we can get massive amounts of humanitarian support into the Gaza. So immediate humanitarian ceasefire, release of hostages and immediate flow of aid is critical. That’s the Australian government’s position and you’re absolutely right, what we’ve seen overnight or over the last 24 hours only reinforces the need for those three things.

No, to be quite frank, we don’t. The Papua New Guinean government has asked the UN agencies to coordinate partner countries and those assessments are going on right now. But this is an incredibly inaccessible part of Papua New Guinea. And it’s a really challenging process for everyone.

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Australia news live: aged care Covid vaccination rates ‘disappointingly low’, chief medical officer warns

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Malinauskas can’t ‘overstate the complexity’ of Aukus endeavour

Peter Malinauskas said his visit to the United States “unequivocally” confirmed what a massive challenge it will be to develop a workforce of 30,000 at the Osborne shipyard to build nuclear-powered submarines.

I don’t think I could possibly overstate the complexity of the task that is before us, simply because it is the most complex machine that has ever been built in human history.

And that is everything from developing the skills that are required at a vocational level but also the university level, but similarly making sure that we’re starting to upskill existing parts of the naval shipbuilding supply chain, amongst others who can participate in this process. And South Australia industry alone has got more than enough work on its hands for me to be able to say, as a premier, [it’s] time to sort of abandon the parochial nature of industrial policy we see between states around defence and instead invite everyone to lift their eyes and look what is important for the national effort in this regard.

We know that building nuclear submarines is going to take a national enterprise and a national effort, but our ambitions to be able to build these submarines domestically requires a supply chain and an industry that are capable of delivering the parts that are required.

Now, in order to be able to do that, I think as a first big step – we’ve got to see if we can’t participate in the nuclear submarine supply chain in advance of the … Aukus submarines construction commencing later this decade. So, what we’ve negotiated with [HII], that builds the Virginia class submarines, is an opportunity for South Australian suppliers to supply to the Virginia class program.

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Australia news live: students at two universities pack up pro-Palestine camps; Queensland rejects carbon capture project over aquifer fears

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Taiwan interested in critical-minerals trade with Australia

Taiwan’s representative to Australia, Douglas Hsu, spoke to ABC RN just earlier about China’s military drills around Taiwan and trading with Australia.

We will continue to show our interest in engaging with Australia on the trade front. I think in the past few months, especially on critical minerals, I had a few opportunities to travel to West Australia and Northern Territory to talk with the businessman in the critical minerals industries.

I found that well, first of all, I was very surprised or impressed by the scale of Australia’s mining industry, and we’ll definitely look forward to bringing more Taiwanese business to work even more closely with Australian partners.

It’s really about ensuring services can do early work that can stop children from experiencing harm, helping kids before they get to crisis point and intervening early to break that cycle of violence and abuse.

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Government plan to fix ‘robotax fiasco’ doesn’t go far enough, critics say

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Compensation needed for those who have already paid debts incurred before 2017, independent MP says

A federal government plan to unwind a “callous” tax campaign designed to extract historical debts does not go far enough and should include compensation for those who were unfairly pressured into making payments, critics of the scheme say.

The ATO program dubbed “robotax” was designed to raise as much as $15.2bn by pursuing an assortment of debts – many of which were inadvertently accrued decades ago and had been hidden from taxpayers.

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Australia politics live: Ed Husic says Coalition position on ICC arrest warrants is ‘staggering’; Plibersek in rogue microphone mishap during Sky News interview

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Labor minister says Peter Dutton’s opposition ‘wants to pick what law and order it’ll follow’

Ed Husic details government’s new battery strategy

The industry and science minister, Ed Husic, has been speaking to ABC RN about the government’s newly unveiled national battery strategy. As Karen Middleton reports, the strategy is aimed at turning Australia from a “dig-and-ship” economy that sells off its critical minerals into a powerhouse manufacturer of better and safer renewable energy storage.

China is obviously the biggest producer [and] a lot of countries are recognising that their dependency on that concentrated supply chain isn’t in [their] national interest longer-term. If there are disruptions to that supply, either accidental or otherwise, we’re left vulnerable and these are in terms of the batteries themselves – they’re complex in nature. It’s also driven by software, so we need to have safe and secure batteries, energy storage systems, longer term.

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Know your rights: what to do if you receive a call from a debt collector

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As the cost-of-living crisis drives more people to financial stress, it helps to understand the rules that cover debt collecting

If you have ever received a call from a private debt collector, perhaps demanding payment for an overdue bill you barely remember, you will know that it can feel daunting and rife with potentially serious consequences.

The best way to protect yourself in such a situation, particularly with the cost-of-living crisis driving more and more Australians to financial stress, is to understand your rights and the rules governing the way debt collectors can behave.

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Use, or threaten to use, violence or physical force against a debtor.

Adopt an aggressive, threatening or intimidating manner.

Use abusive, offensive, obscene or discriminatory language.

Comment on a debtor’s position, physical appearance, intelligence or other characteristics or circumstances.

Embarrass or shame a debtor.

Make disrespectful or demeaning remarks about a debtor’s character or financial situation in life.

Mislead a debtor about the nature or extent of a debt, or the consequences of non-payment.

Pressure a debtor by misleading, harassing, threatening or putting pressure on a debtor’s spouse or partner, or a member of a debtor’s family.

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Dutton won’t rule out a Coalition government quitting ICC – as it happened

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Chris Bowen says nuclear energy is ‘slow, expensive and risky’

Chris Bowen is also asked about the latest CSIRO report released today, showing electricity from nuclear power in Australia would be at least 50% more expensive than solar and wind.

CSIRO and Aemo have looked at large-scale nuclear for the first time. It finds that that would be far more expensive than renewables, despite claims from the opposition – quite inappropriate attacks on CSIRO and Aemo from the opposition, that they hadn’t counted the cost of transmission. The cost of transmission and storage is counted, and still renewables comes out as the cheapest.

And of course, CSIRO points out that nuclear will be … very slow to build. So nuclear is slow and expensive and is risky when it comes to the reliability of Australia’s energy system.

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Australia news live: Telstra announces 2,800 job cuts; mediation talks in Reynolds and Higgins defamation case

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Liberal senator, and former political staffer expected to attempt again to resolve a pair of high-profile defamation cases. Follow today’s news headlines live

A High Court decision in Britain to allow Julian Assange to appeal his extradition to the US is a “small win” for the WikiLeaks founder but he should be freed now, the union for Australia’s journalists says.

As AAP reports, the Media, Entertainment & Arts Alliance remains concerned there is no certainty an appeal will be successful, which would mean Assange could still be tried for espionage in the US.

Tonight’s decision by the High Court is a small win for Julian Assange and for the cause of media freedom worldwide.

MEAA welcomes the decision of the High Court, but we remain concerned that there is no guarantee of success.

We call on the Australian government to keep up the pressure on the US to drop the charges so Julian Assange can be reunited with his family.

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Guardian Essential poll: $300 energy rebate shouldn’t go to high-income households, voters say

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Poll finds lukewarm response to Labor’s 2024 budget, with only 27% of people thinking it will make a ‘meaningful difference’ to the cost of living

A majority of voters approve of the main measures in Labor’s third budget, although three in five think the Albanese government’s $300 electricity bill rebate should have been better targeted.

Those are the results of the latest Guardian Essential poll of 1,149 voters, which found a lukewarm reaction to the budget overall, with just over a quarter (27%) saying it would make a “meaningful difference” to their cost of living.

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