Category Archives: Australian economy

Australia news live: BoM warns of life-threatening flash floods in Queensland and severe storms in north-east Victoria

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Flood-hit Townsville, Cardwell and Ingham could face more dangerous flooding. Follow the latest news live

O’Neil makes housing announcements in lead-up to election

The housing minister, Clare O’Neil, is in Parramatta today and will travel to Bennelong later, announcing 28 new social and affordable homes

Funding is incredibly important here. I know all of our Australians at home who are watching are really deeply concerned about those devastating differences we see between health outcomes, even important things like infant mortality.

All of the indicators that we use to determine equality of life are very different between our First Nations communities, particularly in remote areas.

I think our prime minister has been quite sober and rational about this, but it is not a reasonable idea, and it’s not shrewd as described by Peter Dutton.

So I think the prime minister has done the right thing. And Peter Dutton is out there playing politics.

But the issue, I think, here that we’re missing is that Gaza has completely been destroyed … It’s devastating to see those kind of images. So there needs to be a rebuild. There needs to be a place that people can come back to in a safe haven for them to call home.

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PM labels Coalition’s tax-free lunch plan ‘worst, sloppiest policy’ as Treasury puts cost in the billions

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Costings commissioned by Jim Chalmers suggest policy at risk of being ‘rorted’ could cost up to $10bn a year


The Coalition’s policy for tax-deductible business lunches would cost between $1.6bn and $10bn a year, the Labor government claims, according to costings Jim Chalmers commissioned from his Treasury department.

The treasurer claimed the policy was at risk of being “rorted” by businesses claiming personal food expenses, adding further to confusion about the Coalition’s contentious meals and entertainment policy.

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Australia news live: youth vaping rates plummet after law reform; police alert 5000 Australians targeted by overseas romance scam

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The federal health minister cited data showing vape use among young Australians has significantly reduced meaning new laws are working. Follow today’s news live

Cyclone threat looms in northern Australia as drenched region braces for yet more rain

North Queensland is on cyclone watch with three tropical lows given a chance of developing in the coming days, bringing heavy rain that has flooded roads and homes.

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Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest

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While a pre-election rate cut is widely seen as positive for incumbent governments, it doesn’t necessarily represent a path to victory in itself

The Reserve Bank of Australia is designed to be independent of government, but that does not mean its decisions do not have political consequences.

After Wednesday’s better-than-expected inflation reading, there is now broad consensus among economists that the RBA will cut interest rates next month.

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Australia news live: Angus Taylor says cost-of-living pain ‘far from over’ despite inflation falling to three-year low

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Labor adds homelessness focus to disability strategy

Australians with disabilities experiencing homelessness will be prioritised as the government commits to disability reforms, months after a scathing royal commission into the sector, AAP reports.

For the first time, they also include a number of national actions that all governments will work on together, with the disability community, to ensure people with disability right across Australia experience the benefits.

Some students, especially those in our cities, can see a career in agriculture as something that’s only for those who live in the regions or for those whose family own land that can be used to operate an agribusiness.

AgConnections aims to break down these misconceptions and build on the diversity of the industry, by highlighting and encouraging women and Indigenous Australians wanting to pursue a career in agriculture.

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Australia’s underlying inflation rate falls to 3.2% to bolster case for RBA rate cut next month

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Consumer price index dropped to 2.4% in December quarter, according to ABS figures released on Wednesday

Australia’s underlying inflation rate has fallen to a three-year low of 3.2%, bolstering the case for a rate cut next month that would provide a dopamine hit to the government ahead of a cost-of-living election.

The Reserve Bank of Australia’s preferred inflation gauge, which strips out volatile price swings, fell to an annual 3.2% for the December quarter, down from 3.5%.

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Third arrest after alleged assault on police officers in Sydney – as it happened

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AFP warns parents over rise in AI-generated child abuse material

There has been an increase in the use of AI-generated child abuse material in the past year, including students creating material like deepfakes to harass or embarrass classmates, the Australian Centre to Counter Child Exploitation has said.

Children and young people are curious by nature, however, anything that depicts the abuse of someone under the age of 18 – whether that’s videos, images, drawings or stories – is child abuse material, irrespective of whether it is ‘real’ or not.

The AFP encourages all parents and guardians to have open and honest conversations with their child on this topic, particularly as AI technology continues to become increasingly accessible and integrated into platforms and products.

As a society, I think that it demonstrates the need for us to place a high value collectively on a civil political discourse, rather than an extreme one.

I wasn’t surprised to learn that of the 16 arrests, only one person was from South Australia and the rest were scattered from all over the country and for whatever reason, decided to convene in Adelaide.

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Second man charged over attempted arson of Sydney synagogue – as it happened

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The anti-fracking group Lock the Gate Alliance has launched a legal challenge to a Northern Territory government decision to approve another gas exploration project in the Beetaloo basin.

The case in the territory’s civil and administrative tribunal is challenging the merits of the government’s approval of the environment management plan for Empire Energy’s “Larrimah” exploration project.

Our robust regulation of the onshore petroleum industry is informed by the best available science. As the project is before the NT Civil and Administrative Tribunal, it would be premature to make any further comment on the matter.

For too long, vice-chancellors and senior executives have escaped any real accountability for some of the terrible decisions that have damaged our public universities. An inquiry would be a golden opportunity to get to the bottom of what’s allowing the wage theft epidemic, rampant casualisation and a raft of other serious problems to flourish in our sector.

This is the path to lasting reform that will ensure staff can deliver the world-class teaching and research our students and community deserve.

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Australia news live: Bruce Lehrmann seeks judge-only trial on rape charges; off-duty police officer in hospital after Sydney attack

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Asked about the future of the weekly pro-Palestinian protests across Australia, Malarndirri McCarthy said as long as they are respectful and peaceful, “they are part of our democratic way”.

It’s interesting, isn’t it? I mean, we are a democracy. Whatever the rally or protest is, we enable that. We allow that so long as it’s peaceful and respectful.

Police across every jurisdiction in the country know they have to be prepared. Rally organisers, whoever they may be, also know they need to consult to be able to have access to those streets. Come on, let’s be mindful that these rallies, so long as they are held in a respectful manner, in a peaceful manner, they are part of our democratic way.

I think when I look at the polls, Karl – and I think I’ve talked to you about this over the years, you know, when we went into the 2019 election – every poll said we were going to win. The reality is, you have to work every single day right up – and the only poll that does really count, and I believe that especially after that loss, is the one on election day.

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Housing completions fall behind accord target – as it happened

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Watt defends government response to antisemitism as ‘very strong’

Asked if the federal government has been going enough to combat antisemitism, Murray Watt said it had responded “very strongly here”.

Unfortunately, there are some people in the community who are engaging is disgusting behaviour and the AFP and state police have demonstrated they will be caught and go to jail, which is where they belong.

I [will] leave it to the AFP to confirm some of the details about this, but I think this demonstrates exactly how far our police authorities are going to try to crack down on the shocking behaviour …

[The number of arrests made] sends a really clear message from the whole community that there is no tolerance that this kind of hate, and you will be caught if you do these kind of disgusting attacks.

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Australia news live: second child dies after Tasmania house fire; mental health ward closures begin in NSW after mass resignation of psychiatrists

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The foreign affairs minister, Penny Wong, says it was a “privilege and honour” to be the first Australian foreign minister to “be invited and to attend an inauguration on behalf of our country”.

She spoke with the Today show from Washington DC, where she attended Donald Trump’s inauguration.

My message here in Washington to those I meet is to point out the reality of the economic relationship between Australia and the United States, that there is a surplus in America’s favour. There has been for decades. In fact, it’s about two to one. And of those exports from Australia that come here, about half of them go into the US production.

As we know, the Wall Street Journal is obviously reporting, now [Trump is] going to review the trade situation and then look at what sort of tariff changes need to be made.

We need to make sure that our foreign affairs ministry, our trade minister and our ambassador are deeply engaged in that review process to make sure our national interest is upheld.

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Reporter leaves Nine after reaching confidential settlement – as it happened

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Lambie says Labor doing ‘a fair bit of clean up’ from nine years of Coalition

Asked about polling showing Peter Dutton had drawn level to Anthony Albanese as preferred PM, and whether this could be attributed to Dutton’s stance on law and order, Jacqui Lambie responded:

It hasn’t got any worse or better, I can assure you. You didn’t get much out of him after nine years, but if people want to fall back into that and go, well, you know, Labor’s had three years and that’s all we’re going to give them, and you want to go back to the good old days – which I wouldn’t say were the good old days under the Liberal National party – then be my guest.

It’s not just about the last three years in government, it’s probably about the last 10. So have a look at who had control of that for nine years beforehand.

Because quite frankly, I think Labor’s doing a fair bit of clean up. Labor’s also put a lot of things in which you will not see coming to fruition until the next three years.

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Australia news live: relief for Sydney morning commuters as train unions ordered to halt action; man charged over death threats to Jewish group

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First charge by AFP’s Special Operation Avalite established in December. Follow today’s news headlines live

Richard Marles will become the first minister to visit Kiribati in almost two years, AAP reports.

The deputy prime minister and defence minister is travelling to Kiribati for high-level talks with the nation’s re-elected government, which closed its country’s borders in 2024 while national elections were held.

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Australia news live: delays up to 70 minutes on Sydney trains as industrial action begins; Hume says Coalition would cut ‘bloated bureaucracy’

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‘Passengers should expect delays, service cancellations and large service gaps’ across Sydney today, NSW TrainLink warns. Follow today’s news live

Wong ‘absolutely confident’ government can work with Trump as US president

Moving to another topic, Penny Wong was asked about her invite to Donald Trump’s inauguration in the US, and responded:

Donald Trump has been elected President of the United States, and I’m honoured, on behalf of the country, to have been invited to his inauguration.

This includes humane treatment and the right to a fair trial. So that is their obligation, [and] we will look at the facts when they have been ascertained.

But I want to be clear, all options are on the table. Those options include expelling the ambassador and recalling Australia’s ambassador in Russia … I need, as the foreign minister, to identify and ascertain the facts beforehand.

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Australia news live: SpaceX debris disrupts Qantas flights from Sydney to South Africa

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Rowland reacts to number of women preselected by Liberal party to replace retiring MPs

Michelle Rowland was also asked about the fact just one woman has been preselected to replace eight Liberal MPs who are retiring at the next election. Is she disappointed by this?

Clearly, Peter Dutton talks a big game when it comes to these issues, but the reality is borne out by the fact that they continue to overlook women for public office … For my mind, that says everything about Peter Dutton being stuck in the past, just as he’s stuck in the past around the national broadband network, his response to this announcement is to call it a joke, which is an insult to regional communities.

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Australia news live: Dreyfus to spend a week in Israel, PM says; SA police shoot man dead during mental health incident

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The Nationals leader, David Littleproud, says “the firing gun has started” for this year’s federal election, which he predicts will be in March or April.

Speaking to ABC News Breakfast just earlier, he said he doesn’t think the government will deliver a budget this year:

I think we’re all ready for it. I think it will be in March, April, I don’t think they’ll do a budget, they don’t want to remind the Australian people with the sea of red ink in the budget. That’s my punt.

This road is of national significance but it’s also one of the most dangerous in our country. And I think it just needs a commitment, and we’re glad to see the government has finally adopted that, one we had, and one the state government can now get on with the job of delivering.

Labor can make up all the nonsense they like. They’re desperate. I mean, this is a government that’s been on the back foot, that got things wrong, that is sending Australians on a pathway to poverty, not a pathway to prosperity. And so they’re in a state of desperation, saying these sorts of things.

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Labor declines to review three coal proposals for potential climate impact – as it happened

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More on the new Malaysia-based maritime institute:

The government is contributing $1.78m over four years to support the institute, which will train regional government officials on the United Nations Convention on the Law of the Sea, broader maritime law and ocean governance, awareness of maritime domains and environmental protection.

We don’t want to see any unilateral changes to the status quo across the Taiwan straits, and our focus is on doing everything we can in terms of exercising our international voice around promoting stability and peace in and around the Taiwan straits, in and around Taiwan.

Rules and norms are vital for our shared maritime region and the countries of our region make an ongoing contribution to maintaining and promoting them.

The institute will deliver training to officials from across the region on complex maritime legal and policy topics. It will nurture leaders and help further our collective contribution to a peaceful, stable and prosperous Indo-Pacific region.

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Australia news live: Allan defends Victoria after it’s named worst state for business; Burke to meet Indonesian minister over Bali Nine

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The Victorian premier has defended the state’s business credentials saying there’s key data missing from the Business Council of Australia’s report. Follow today’s news headlines live

Weather check shows mixed conditions forecast across Australian cities

It’s a mixed, if warm, bag in capital cities today, with the Bureau of Meteorology forecasting storms in Melbourne, sunny skies in Brisbane and Adelaide and showers across all other major cities.

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Grill’d was able to pay Arda $3 less than minimum wage. Unions want this youth ‘loophole’ abolished

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Advocates argue it’s time for young people’s wages to rise but business groups claim paying more will push some companies into insolvency

Arda Konstantine could vote, drink and drive a car. But as they were 19 years old, their employer, Grill’d, was legally able to pay them just $16.50 an hour – $3.38 less than the hourly national minimum for their age.

If Konstantine worked at the fast food chain’s airport store, their rate bumped up an extra $2. While employed at Grill’d, Konstantine never got weekend or public holiday rates.

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Guardian Essential poll: election warning signs for Labor as voters flunk government on housing costs and wages

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But survey finds strong support for under-16s social media ban, despite concerns about how to enforce it

Voters have given the Albanese government an F on containing housing costs and surprisingly little credit for increasing wages in two troubling signs for Labor heading into a cost-of-living election.

Those are the results of the latest Guardian Essential poll of 1,123 voters, which found strong support for social media regulation, including two-thirds in favour of the under-16 age ban.

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