Australia information reside: Albanese insists he’s ‘up for big reform’ forward of productiveness summit; arrest after ‘incident’ at Sydney airport

Chalmers says he’s in full settlement with PM on productiveness roundtable

Chalmers was requested about latest ideas by Albanese that these hoping for dramatic reform from the roundtable ought to decrease their expectations.

The treasurer mentioned he was fully aligned with the prime minister, saying the occasion subsequent week would construct on an already formidable agenda:

The purpose that the prime minister made final week is identical level that I’ve made, which is that this financial reform roundtable is to not make choices, it’s to tell the federal government’s choices. And that’s the purpose that now we have made all alongside.

We’re aligned. We have now an formidable agenda that we’re targeted on delivering, and this financial reform roundtable is an efficient alternative to shake the tree for extra concepts in our financial system. And the individuals who criticise this course of seem like saying that we must always seek the advice of much less with the enterprise group or the union motion or the group extra broadly, consultants and economists.

Chalmers says price lower ‘welcome relief’, however warns unpredictable financial system should maintain nation on its toes

The treasurer, Jim Chalmers, mentioned yesterday’s rate of interest lower is “welcome relief” to tens of millions of Australians, saying he has confidence the nation is on the “right track” addressing inflation and seeing actual wages.

Chalmers mentioned whereas inflation had fallen dramatically in latest months, what he known as “remarkable progress”, the treasury should stay “always vigilant” amid an unpredictable financial system:

We’re by no means complacent about developments within the international financial system. There may be greater than the standard quantity of churn and alter proper now. It’s unpredictable, it’s risky, it’s unsure. And that’s why one in all our key objectives is to make our financial system extra resilient.

We are going to try this by making it extra productive over time.

An arrest has been made after an incident at Sydney airport this morning. An airport spokesperson mentioned there have been no accidents, noting the power was working as regular:

Sydney Airport is at the moment aiding Australian Federal Police following an incident earlier this morning. No accidents occurred on account of the incident. An arrest has been made and the airport is working usually.

We’ll have extra particulars from the AFP quickly.

The prime minister, Anthony Albanese, mentioned he’s up for “big reform” as his authorities heads right into a long-promised productiveness roundtable subsequent week. Albanese spoke to RN Breakfast this morning, saying his authorities had a robust agenda of guarantees from the final election, however mentioned there’s loads of room for extra concepts.

I had a very profitable assembly with some enterprise leaders on Monday night in Melbourne. And among the concepts that have been kicked round there are actually optimistic. They’ll feed into our processes. And that’s how good authorities ought to function. We’re an inclusive authorities. We’re up for session and we’re up for concepts.

RN host Sabra Lane pressed the prime minister about how huge the concepts may get, or if the established order would stay. Albanese replied:

I’m up for large reform. … We’re up for large reform, whether or not it’s strengthening Medicare, the adjustments to childcare, the profit to schooling.

Good morning, Nick Visser right here to take over the weblog. Due to the at all times nice Martin Farrer. Let’s get to it.

Tasmanian Greens declare they’re unable ‘at this point’ to assist state Labor

Tasmania’s minority Liberal authorities seems more and more prone to proceed ruling, with the Greens declaring they’re unable to “at this point” assist Labor.

The July 19 state election returned one other hung parliament, with the Liberals (14 seats) ending nearer than Labor (10) to the 18 seats required for majority.

Jeremy Rockliff, the state Liberal chief, has been reappointed premier however each main events have been making an attempt to garner assist from a crossbench containing 5 Greens, 5 independents and one Shooters, Fishers and Farmers MP.

Labor’s chief, Dean Winter, has held talks with independents however has regularly dominated out “doing a deal” with the Greens, regardless of needing their numbers to manipulate.

Winter has flagged a no-confidence movement in Rockliff when parliament resumes on the 18th.

Winter and Greens chief Rosalie Woodruff held a proper assembly on Tuesday. “At this stage we cannot have any confidence in the proposed motion to make Dean Winter the premier of Tasmania in parliament,” Woodruff mentioned.

Mark Latham is ready to defend claims of gay vilification towards a fellow parliamentarian, Australian Related Press reviews.

The previous federal Labor chief is because of give proof at a civil tribunal in Sydney immediately after the NSW unbiased MP Alex Greenwich accused him yesterday of getting an “abusive obsession” with him.

The case pertains to a sexually specific tweet the federal court docket has beforehand dominated as defamatory and subsequent media appearances made by Latham, who sits as an unbiased within the state parliament.

Greenwich has sued Latham for gay vilification and office harassment within the NSW Civil and Administrative Tribunal.

The web sparring match between the 2 politicians adopted violent protests exterior a church in Sydney’s south-west, the place Latham was giving a pre-election speech in March 2023. About 250 principally male counter-protesters violently attacked police and 15 LGBTQI protesters.

Right here’s our report on yesterday’s listening to:

Belinda Allen, a senior economist on the Commonwealth Financial institution, expects the RBA to attend till November earlier than slicing once more – however that might shift relying on how the information unfolds, Australian Related Press reviews.

“The governor did not rule out back‑to‑back cuts. Inflation appears under control, so any acceleration of the cutting cycle we expect would have to be driven by a deterioration in the labour market,” she mentioned.

Allen mentioned crucial information readings earlier than the following assembly could be labour pressure surveys launched on Thursday and in September, in addition to financial progress figures for the June quarter to be launched on September 3.

RBA workers lowered their GDP progress forecasts as they pared again their expectations for pattern productiveness progress from one per cent to 0.7% per yr.

We’re reporting immediately on how debtors might need to attend a number of weeks to get the advantage of yesterday’s lower.

In a single day the overseas minister, Penny Wong, signed Australia to a joint assertion with 29 worldwide companions decrying the humanitarian state of affairs in Gaza.

It mentioned, partly:

The humanitarian struggling in Gaza has reached unimaginable ranges. Famine is unfolding earlier than our eyes. Pressing motion is required now to halt and reverse hunger.

We name on the federal government of Israel to offer authorisation for all worldwide NGO support shipments and to unblock important humanitarian actors from working.

All crossings and routes should be used to permit a flood of support into Gaza, together with meals, vitamin provides, shelter, gasoline, clear water, drugs and medical tools. Deadly pressure should not be used at distribution websites, and civilians, humanitarians and medical employees should be protected.

The assertion was signed by two EU representatives in addition to the overseas ministers of: Australia, Belgium, Canada, Cyprus, Denmark, Estonia, Finland, France, Greece, Iceland, Eire, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland and the UK.

Good morning and welcome to our reside information weblog. I’m Martin Farrer with the highest in a single day tales after which it’ll be Nick Visser to take over.

Mark Latham will seem at a tribunal in Sydney immediately to defend claims of gay vilification towards his fellow NSW MP. It comes after Sydney MP Alex Greenwich advised the tribunal yesterday that Latham had an “abusive obsession with me”.

A number one financial institution economist thinks that the Reserve Financial institution will wait till November earlier than slicing charges once more after yesterday’s choice to scale back the money price by one other 0.25% signalled some aid for debtors. Extra developing.

And Australia has signed a joint assertion on behalf of 29 worldwide companions saying the humanitarian struggling in Gaza has reached “unimaginable” ranges and pressing motion is required to halt and reverse hunger. It calls on Israel to facilitate a “flood” of support into the territory.