Category Archives: Australian economy

WiseTech shares surge after CEO stands down – as it happened

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Dutton and Shorten weigh in on Queensland state election

The federal opposition leader, Peter Dutton, and the NDIS minister, Bill Shorten, both spoke with the Today show earlier from Queensland, before the election.

He’s focused on the issues which affect Queenslanders: housing, health, cheaper transport and of course tackling youth crime. So we’ll find out soon enough who’s going to win.

The fact is that it’s time for a change in Queensland and law and order is out of control.

Well, yes, he did. He did three days ago and, despite that, the government’s scare campaign continues.

The scare campaign on a sensitive issue that has been run, quite frankly, crosses the line, and we’re better than that as Queenslanders … There won’t be changes to abortion laws and Queenslanders need to know that.

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Albanese rejects China’s claim that Australia plagued by ‘systemic racism’ – as it happened

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The Rail, Tram and Bus Union of NSW (RTBU) conducted a five-minute work stoppage early this morning, which is leading to delays across the network.

Sydney Trains says this has led to minor delays and “larger than normal gaps in services may be experienced”, according to an alert:

Trains stops and platforms may change at short notice and some trains may be cancelled. Extra travel time may be experienced in some cases and you may need to change to continue your trip.

The action was set to happen in select locations across the network to ensure we could ramp up stoppages whenever needed.

The rail agencies continue to bargain in good faith with the Combined Rail Unions for a new enterprise bargaining agreement. Sydney Trains are working to minimise the disruption to commuters as much as possible.

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Thorpe rebuffs Indigenous leaders’ criticism of protest – as it happened

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More on news media bargaining code and funding of media publishers

One of the committee’s key recommendations was a digital platform levy on companies like Meta and Google, which some have described as a tech tax to fund public interest journalism.

So in parts of Europe, for example, there’s a 2% digital services tax. You could look at a public interest journalism levy.

The issue that we have fundamentally here is the … offshoring of the digital platform’s profits, where currently they pay very little tax because they argue that they don’t operate in Australia, even though they’re getting this enormous profit yield of the advertising on their platforms. So that’s another thing that has to be resolved within legislation in order to impose a tax.

But simply imposing a tax and feeding [it] into media organisations … won’t fix the issue if Meta continues to deprecate news content – that is, reduce the exposure of news content to its consumers.

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Thousands greet royals at opera house – as it happened

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The opposition leader, Peter Dutton, has been speaking with ABC RN about a range of issues – including Lidia Thorpe’s actions at King Charles’ parliamentary reception yesterday.

Dutton argued that “sometimes people make it all about themselves, and I think that’s what yesterday was.” He said it “didn’t advance anyone’s cause” and “add[s] to the self promotion … that she seeks.”

The vast majority of people have been very welcoming the king’s visit, and I think it’s been an opportunity to underscore the stability in our democracy, our rule of law, separation of powers, all of those institutions that we inherited from our British heritage.

That’s part of the success story of our country, and it’s a good reminder during his visit [that] if we change it, I think we want to be very careful about the system we’re changing to and whether or not we would be a safer, more secure, community and environment for decades to come or not.

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Australia news live: king meets Hephner the alpaca en route to war memorial; Sussan Ley declares purchase of Cessna plane

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King Charles III and Queen Camilla have greeted the crowd at the Australian War Memorial, shaking hands and high-fiving kids. Follow the day’s news live

Independent Kooyong MP responds to Victorian government rezoning plan

Monique Ryan, the federal member for Kooyong, was up on ABC News Breakfast earlier to discuss the Victorian government’s rezoning plan:

The announcement this weekend from the premier was for nine massive new developments just in the electorate of Kooyong. That’s huge. These could be up to 20 storeys high. Of course that will cause some concern from people who live in the area, who have chosen to live there, because it’s a beautiful part of the world.

We’re not saying we don’t want it, I think people in my part of the world are welcoming it. We’d also like some assurances from the government they will include social and affordable housing in these developments. We really don’t have any detail as of yet and that’s the stuff that’s missing at this point.

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Australia news live: Bondi beach reopens after tar-ball pollution; tornado warning for Victoria

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Waverley council says no remaining evidence of the debris could be found at Bondi, Bronte and Tamarama beaches. Follow today’s news live

Max Chandler-Mather continued, and told ABC News Breakfast:

I would argue in this instance in the context of one of the worst housing crises we have seen in generations … now is precisely the time where we need more than tinkering around the edges and we need substantial change.

There is a building consensus we need to scrap these tax handouts. Increasingly the biggest barrier is a prime minister [who has just] gone through multiple days of scandal for buying another property and being a property investor.

So I think there’s a real moment here the government should seize to make real substantial change to the lives of hundreds of thousands of renters, and the bottom line is the Greens are ready and willing to work with Labor to do it.

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Australia news live: Queensland LNP candidate alleges he was assaulted; Sydney Harbour Bridge closed after fatal crash

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New polling from the Australia Institute shows that Australians view the supermarkets as “public enemy No 1” in the cost of living crisis.

The Australia Institute’s Centre for Future Work surveyed 1,014 voters, and 83% said supermarkets deserve some blame – or a great deal of blame – for the soaring cost of living.

Australians are pointing the finger squarely at supermarkets as public enemy No 1 in the cost-of-living crisis … More people blame supermarkets for the cost-of-living crunch than governments or banks.

The public’s appetite for increased supermarket competition is unmistakable. Nearly two-thirds of voters see it as crucial for alleviating cost-of-living pressures … There’s likely to be political rewards for taking actions that increase supermarket competition.

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Rio Tinto praised for ‘breaking ranks’ to back revamp of environment laws – as it happened

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Queensland leaders to lock horns again in election debate

After their deputies traded blows, the Queensland premier and opposition leader are set to face off again ahead of the state election, AAP reports.

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Australia news live: Hanson-Young calls for investigation of live music ticketing allegations; culprit flees botched ram raid with arm on fire

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The federal government has announced targeted financial sanctions and travel bans on five Iranian individuals it says is “contributing to Iran’s missile program.”

A statement from the foreign affairs minister, Penny Wong, said Iran’s missile program “poses a material threat to regional and international security”, with the 1 October attack on Israel a “dangerous escalation that increased the risk of a wider regional war.”

Australia will continue to hold Iran to account for its reckless and destabilising actions.

We’re holding ministers accountable when the premier of Tasmania refused to. This project – for people who don’t know – is $500m over budget, five years delayed.

It’s a completely debacle. Someone needed to take responsibility. The premier [was] saying he wouldn’t do that, the parliament decided it would act and, at the last moment, the deputy premier resigned.

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Shoppers to no longer pay fees when using debit cards under new Albanese government plan

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Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs

The federal government is preparing to ban debit card fees and instruct the consumer watchdog to investigate excessive card costs, as the unpopular system of transaction charges gets set for an overhaul.

The proposed changes would mean consumers no longer pay a fee when using their debit card to buy their morning coffee or make a major retail purchase. Credit card fees would still apply.

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‘Easier to buy your 10th house than your first’: Unions NSW joins push to reform negative gearing and capital gains tax

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Exclusive: Survey finds 72% of 2,158 workers want Albanese government to rethink housing tax breaks – particularly renters and over-65s

Unions NSW has thrown its support behind reform of the negative gearing and capital gains tax concessions, arguing that the housing market is “fundamentally broken”.

The Unions NSW secretary, Mark Morey, is now calling on the Albanese government to reform the tax concessions and reinvest “profound savings” in housing, such as by expanding the Housing Australia Future Fund.

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Dfat says it has told Israel ‘unacceptable’ targeting of UN personnel in Lebanon must cease – as it happened

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Jacinta Nampijinpa Price on Voice referendum, one year on

The shadow minister for Indigenous Australians, Senator Jacinta Nampijinpa Price, was on ABC News Breakfast earlier on the first anniversary of the Voice referendum.

We have been calling for an inquiry into statutory authorities for the last 18 months, which we believe need to be looked at closely because of their failures to ... well, not all statutory authorities, but some, in terms of their failures of how they’re supposed to serve the interests of those that they are supposed to represent.

And this has been ongoing now and something that the Albanese Government has continued to ignore. But those voices – especially of Traditional Owners – that I have been speaking to, are growing louder, with more concern. And, really, there is a need to fix the structures that currently exist, and it begins with an inquiry.

There’s no evidence at all that current laws led by the Albanese government are stifling businesses from employing people. In fact, we’ve actually created nearly 1 million jobs since coming to office a bit over two years ago … So unfortunately, for some of the leading business groups calling for this, the evidence of what’s going on in the economy just doesn’t back up their wish list.

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Business Council blames slow local decision-making for feeding Australia’s housing supply crisis

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Peak business body proposes deadlines to ‘speed up’ local councils, saying delays are making developers reluctant to invest

Local councils would be forced to set deadlines for deciding on housing development applications and lose approval rights if they cannot stick to them, under a proposal from the national peak body representing big business.

The Business Council of Australia (BCA) is urging state governments to force local councils to consult housing development proponents and set agreed deadlines, case by case, for ruling on their applications – then be held accountable for meeting them.

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Australia news live: QLD LNP leader says end of coal before 2030s ‘fanciful’; patients at Sydney GP given less-effective vaccines

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The LNP leader, David Crisafulli, appears to be walking away from a commitment to 75% emissions reduction by 2035. Follow today’s news live

Rowland questioned on gambling ad ban

Michelle Rowland was also asked why it has taken 16 months for the government – as yet – to make no decision on gambling ads. The communications minister said the government has “been working diligently in this space” but action “should have been taken on this some 10 years ago”.

We’re working very closely with the states and territories because the vast majority of recommendations in our late colleague Peta Murphy’s report go to issues that go across commonwealth and state jurisdictions.

We’re also working very closely to ensure that there are no unintended consequences here and it’s actually effective.

We have every anticipation that we will be able to respond comprehensively this year and that’s what we’re working towards as a government.

We will be taking advice on the appropriate form in which that can be done. Legislation is obviously an option because there is an interactive gambling act at the commonwealth level, which enables some of these approaches to be implemented.

There will be penalty for the platforms just as they are now in the Online Safety Act … These penalties will be drafted and, as I said, we’re currently reviewing the Online Safety Act because the penalties as they stand … the maximum penalties are less than $1 million for some offences.

They are being challenged but, at the same time, the industry does understand the need to comply here and, by and large, does comply with the rules under the Online Safety Act.

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Australia politics live: Richard Marles tells question time ‘I feel very sad that events have got to where they have’ after chief of staff’s bullying allegations

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The opposition communications spokesperson, David Coleman, is speaking to ABC radio RN, criticising the government’s legislation designed to keep the NBN in public hands.

He is having trouble saying whether the opposition will support the bill, or whether a future Coalition government would want to sell the NBN.

We’re not going to just sort of immediately jump at some silly theatrical statement from the government. The adults in the room will review this in a normal way.

We’ve got no intention of changing the ownership structure of the NBN. Nobody does. And frankly, because the NBN is going so badly, there’s not exactly a lineup of people [wanting to buy it].

Parents are crying out for a degree of certainty, they’re crying out for government guidance, a lot more rule that people can follow. That doesn’t mean there won’t be challenging but at least provides a starting point for parents. It gives them a tool about how to address this and parents who have gone through all this and all the pain that social media can place upon their children, they’re the ones I think are the most powerful advocates for this reform.

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Australia politics live: Dutton attacks Albanese for including calls for ceasefire and de-escalation in motion reflecting on 7 October

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So what’s that ARC research project on islands actually about, anyway?

A blog watcher has taken the trouble to look up the research project that has Liberal MP James Stevens all hot and bothered, Archipelagic Connections in Australian and Pacific Literature:

Australia is often defined as an isolated island-continent, ‘girt by sea’. This project aims to challenge this protectionist myth by analysing literary and historical connections between different geographical sites that have been represented as enclosed in Australian history.

It expects to offer new interpretations of interconnected narratives of Aboriginal Australian, South Sea Islander and migrant enclosure in Australian literature.

The project also contributes to national strategic initiatives into the ‘truth telling’ on Australia’s past relations to Aboriginal Australians and the study of environmental change in islands and archipelagos.

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Many cheered when banks eliminated ATM fees in 2017 – but now it’s a struggle to find one

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Bank-owned ATM numbers are down almost 60%, with many spots now taken by privately-owned machines charging about $3 per withdrawal

It is getting increasingly difficult to find an ATM and harder still to find one that doesn’t charge fees, prompting warnings that the push toward a cashless society is neither equitable nor wise.

Bank-owned ATM numbers are down almost 60% since 2017, according to regulatory data, with many spots now taken by third party-owned machines that typically charge about $3 a withdrawal.

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Australia news live: PM introduces Tu Le as Labor challenger for western Sydney seat of Fowler

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A joint police statement warns “there will be no tolerance for illegal behaviour or violence on any day of the year” in the lead-up to protests planned for the 7 October anniversary.

The statement comes from NSW police, Northern Territory police, the Queensland police service, South Australia police, Victoria police, Western Australia police, Tasmania police and Australian federal police.

Police respect the right to peacefully protest and assemble in Australia, however, there will be no tolerance for illegal behaviour or violence on any day of the year.

In Australia, there are offences that prohibit behaviour that incites or advocates violence or hatred based on race and religion, including the display of prohibited symbols in public under these circumstances.

The commission can confirm it carried out operational activity today at Parliament House. This was in relation to an ongoing investigation.

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Rally organisers and police reach agreement – as it happened

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The deputy prime minister, Richard Marles, is speaking with ABC RN from New Zealand where he is meeting with regional counterparts.

Asked about the escalation of the conflict in the Middle East, and whether “ceasefire negotiations in Gaza are now dead”, Marles said the “continued violence in the Middle East is obviously giving rise to enormous threat to civilian life”.

I think the international community is desperate to see an end to this violence, and certainly that’s how we’re exercising our international voice.

Israel has a right to defend itself. Every country has a right to defend itself, and to do so in a proportionate way. That said, we are calling for a ceasefire, along with the United States, along with other members of the international community.

The continued violence in the Middle East is giving rise to … unacceptable numbers of civilian lives lost, and the ongoing violence is a threat to civilian life. And we, along with international community, urge an end to this.

We have [been protesting for] 51 weeks in a row, [and it’s been] absolutely peaceful. Millions of Australians have come out, it’s not provocative at all.

What’s provocative is the fact that our government isn’t listening to tens of thousands, hundreds of thousands, millions of Australians, who have signed petitions, called their MPs, have done everything they’re supposed to do within this democratic framework to say ‘enough’ …

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Australia news live: Miles promises state-owned power company for Queensland; NSW police arrest woman following Sydney protest rally

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Children’s commissioner to address National Press Club today on youth justice

The children’s commissioner, Anne Hollonds, is due to address the National Press Club today on a new report calling for an overhaul of Australia’s approach to child justice.

That kind of slogan really is trying to show that ‘we’re really tough up here, we’re going to be tough on crime’. And what our report shows is that that approach, that traditional approach in this country, hasn’t worked and and that basically it’s evident that we’ve misunderstood the nature of the problem we’re trying to solve. We know that toughening up the justice system doesn’t actually prevent crime by children.

The idea that the states and territories could fix this on their own has been misguided, we need to work together on it.

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