Category Archives: Australian economy

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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Why Guardian Australia is investigating the private debt collection industry

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When everyday Australians go to the wall, private debt collectors step in. In a cost-of-living crisis it’s vital to scrutinise the industry

More than half of all Australians have recently found themselves in some form of financial stress. Increasing numbers of people are facing energy poverty, food insecurity, delayed medical treatment and housing insecurity.

Calls to the National Debt Helpline have increased by 25% in the last financial year. When everyday Australians go to the wall, there is one sector that gets more business: the private debt collection industry.

Panthera Finance, Australia’s biggest privately owned debt collection business, has ignored a five-year “blacklisting” from the Victorian regulator and continued to purchase debts despite being warned that continuing to purchase and collect debts would be a criminal offence. The regulator has so far taken no action.

A former debt collector with 15 years’ experience in the industry says that some of the conduct he was involved in would “horrify” the general public. He claims he once issued a threat to seize the home of a rape victim whose husband had just died, and in another case dispatched an agent to a child’s school in a last-ditch effort to find a debtor.

Community legal services report debt collectors making false and misleading threats about a person’s credit rating to get them to pay and using underhanded tactics in order to extend the usual six-year time limit on collecting debts.

The Australian Financial Complaints Authority (Afca) says it has heard complaints of intimidating communication and of debt collection continuing while the authority is investigating, which is not permitted.

Afca also says complaints about debt collectors and buyers increased 9% last year, although specific complaints about inappropriate debt collection practices went down.

The industry peak body disputes the rise in complaints – it says its own data analysis shows steady reductions year-on-year since 2020, although this data does not include complaints that are resolved in their early stages prior to Afca involvement. The peak body claims less than 1% of complaints are substantiated to show any fault by the debt collector.

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Australian home lenders accused of ignoring mortgage customers in financial distress

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Some borrowers have been abandoned in a cost-of-living crisis and lenders must meet their obligations, the regulator says

Major Australian lenders are not doing enough to support mortgage customers in financial hardship, and in some cases they are ignoring requests for assistance altogether, the corporate regulator has found.

In a major report to be released on Monday, the Australian Securities and Investments Commission (Asic) found that more than one-in-three customers dropped out of a hardship application, a process designed to vary repayments while a borrower gets back on their feet, because of unnecessary barriers.

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Chalmers says Dutton’s budget reply lacks economic credibility – as it happened

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Shorten and Dutton clash over reduced migration

Earlier this morning the NDIS minister, Bill Shorten, and the opposition leader, Peter Dutton, clashed over Dutton’s promise to reduce Australia’s migration intake in his budget reply speech last night.

Well, Bill, a couple of points. One is that we say that, in the first year, 40,000 homes will be freed up. That includes the numbers who would be bidding at auctions this weekend against Australian citizens.

If the government had have adopted our policy over a five-year period, you would free up 325,000 homes. So the number of people who are foreign citizens, who are buying houses in our country is low, but nonetheless it contributes to an overall shortage of housing in our country.

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Australia politics live: Speaker urges no political fundraising in parliament as Coalition MPs sell tickets to Dutton budget reply events

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‘We don’t think production tax credits is way to go’: Angus Taylor on Future Made in Australia

Is the Coalition going to vote against the Future Made in Australia policy, which was fleshed out in the budget and includes tax credits (in 2028) for things like critical minerals mining and green hydrogen?

We haven’t seen the act. We don’t think production tax credits is the way to go in order to have a strong manufacturing sector.

It’s about getting those fundamentals right whether it be approvals, whether it be getting rid of red tape or making sure the construction costs are competitive with the rest of the world.

Oh, but it’s also a drop in the ocean, you know. What are we saying? It’s a Band-Aid on a bullet wound compared to the pain that mum and dads in Australia are actually feeling.

I can tell you, they’ve paid a lot more than $300 under Mr. Albanese for their electricity. For the life of me, though, what it does show is Mr Albanese, [and the government] they’ve got their priorities all wrong.

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Budget 2024 live updates: reaction and fallout from the Australia federal budget – latest news

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Treasurer grilled on inflation and migration after National Press Club address. Follow today’s news and 2024 federal budget reaction live

Jim Chalmers said the government didn’t create a new system for the energy payments (so everyone gets it) because it is done through the energy retailers, who don’t have people’s income data.

It’s not a cash payment paid directly to you – instead, it is paid through the energy sector, which takes money off your bill. In this case, $75 a quarter.

I don’t see it in political terms. I think primarily the motivation of this budget is to help people who are doing it tough. More help is on the way for people who are doing it tough via the tax system, via their energy bills and with rent assistance and cheaper medicines and in other ways as well. That’s our primary motivation.

Once you go beyond providing this to people on pensions and payments, you have to design a whole new system in order to create a new distinction. We are providing this energy bill relief to every household. We think that’s a good way to help things make things easier. Some of the other measures are more targeted.

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