Monique Ryan says placing billionaire into authorities effectivity place a mistake
Impartial MP Monique Ryan has dismissed the concept Australia ought to appoint an Elon Musk-style billionaire right into a “government efficiency” place.
Musk has been appointed into the newly created place within the Trump administration, and Ryan was requested on the At present present if Australian billionaires like Gina Rineheart ought to be appointed into such a place in Australia.
I’d be very a lot against that.
You’ve obtained the world’s richest man, and also you’ve given him this place of unimaginable affect within the American authorities. I feel jobs for mates is a really unhealthy thought. I don’t assume that politicians ought to be placing their pals, their expensive pals into positions of nice affect on this nation.
Key occasions
It’s time for the Reserve Financial institution to confess that it’s obtained it mistaken on inflation and begin slicing charges, in accordance with our economics columnist Greg Jericho.
Figures out yesterday confirmed that previously yr personal sector wages rose 3.5%, down from 4.1% within the June quarter, Greg writes, within the largest one quarter fall for the reason that GFC in 2009. He notes that six years in the past he wrote a chunk asking what had occurred to pay rises in Australia and it it’s “annoying” how nicely it holds up with earnings nonetheless subdued.
Right here’s Greg’s column immediately:
The October jobs figures out at 11.30am this morning will give the newest replace on what we are able to count on from the financial system going ahead and we’d even get some extra perception from Reserve Financial institution governor Michele Bullock when she seems at a panel dialogue in Sydney immediately.
As talked about at first now we have an unique interview with the previous Liberal MP John Alexander, a eager advocate of high-speed rail between Newcastle and Sydney.
He chaired parliamentary inquiries into the feasibility of the venture however he fears that plans to place two of the stop-off factors at Central Station and the centre of Gosford would make it not possible to recoup the prices from worth seize – a tax on the longer term sale of land and houses within the neighborhood of stations the place the worth has skyrocketed as a result of new infrastructure.
It’s important, he argues, that the stations are situated outdoors the densest inhabitants centres – for instance, in greenfield areas quarter-hour outdoors Gosford’s centre, or between Sydney’s japanese CBD and Parramatta – on land that may permit for growth of great new housing.
He warns:
With out worth seize you’re concentrating wealth amongst speculators and fortunate landowners at taxpayers’ expense. It’s a really shut cousin to unfavorable gearing. It would develop into a mechanism to pay attention wealth.
Good morning, Mostafa Rachwani with you to take you thru the remainder of the day’s information.
Sarah Basford Canales
Extra from Sarah on the money-laundering invoice.
Australia stays one of many few jurisdictions on the planet to not drive accountants, actual property brokers and legal professionals to report suspicious transactions – together with unexplained wealth used to buy property – to a monetary intelligence company.
In 2015, the worldwide monetary watchdog, the Monetary Motion Job Power, discovered that Australia had did not adjust to quite a lot of vital requirements and was liable to being “greylisted” – a transfer that places a rustic beneath elevated scrutiny and monitoring.
The legal professional common, Mark Dreyfus, delivered a scorching rebuke of the Coalition’s place, saying opposition to the invoice would assist legal networks.
Dreyfus mentioned:
Opposing these reforms means aiding and abetting the legal abuse of our monetary system by drug traffickers, human trafficking, cybercriminals, terrorists and those that exploit and abuse youngsters. Opposing these reforms permits criminals to proceed to have interaction in and revenue from these severe crimes. If the Liberal social gathering continues to oppose this invoice, it’s aiding the legal networks who have interaction in despicable acts that harm our entire group.
Learn extra right here:
Sarah Basford Canales
Liberals object to components of anti-money laundering proposal
A Labor-chaired committee has given its seal of approval on the federal authorities’s proposal to toughen anti-money laundering and terrorism financing legal guidelines forcing legal professionals, accountants and actual property brokers to report suspicious transactions.
However doubt has been forged over whether or not it’s going to sail via parliament into legislation after Liberal members of the committee mentioned they couldn’t assist the invoice in its present type, pointing to increased value burdens for small companies.
The adjustments would prolong reporting obligations to these in “second tranche” roles that assist purchasers with providers, corresponding to legal professionals, accountants and actual property brokers.
The federal government’s most well-liked possibility is anticipated to value $13.9bn over 10 years, in accordance with a current affect evaluation, and would simplify the legal guidelines whereas together with the brand new reporting obligations.
The Liberal senator Paul Scarr mentioned the invoice have to be modified to “remove or substantially minimise” the associated fee burden for enterprise, which he mentioned can be handed on to customers.
“During the Albanese government’s cost of living crisis, this is something Australians can ill-afford,” Scarr mentioned within the committee report’s extra feedback.
Clare O’Neil renews assault on Coalition and Greens for refusing to assist housing plans
The housing minister, Clare O’Neil, has declared that enabling Australians to purchase a house is “an article of faith” and that safe housing, whether or not for consumers or renters, is what offers folks “choice and control” over their lives.
Earlier than parliament’s last fortnight of sittings subsequent week, when one other showdown looms over blocked authorities laws, O’Neil used a speech in Melbourne final evening in reminiscence of the late Victorian Labor premier John Cain to resume the federal government’s assault on the federal Coalition and Greens for refusing to assist its housing plans.
O’Neil mentioned the federal government’s Construct to Hire and Assist to Purchase payments had been being blocked by “an unholy, destructive, anti-housing coalition built of the conservatives and the Greens”.
“Labor wants Australians to have choice and control so they can build a life that’s meaningful for them. For those that are renting, we want you to have a secure and affordable home, not just a place to live – to have a family when it suits you. We want Australians to have choice about where they live and how they live, over where their kids grow up, on the jobs they have access to and how long they commute.”
She significantly emphasised house possession, which she mentioned too many individuals now noticed as “a luxury”.
“After all, we are a home-owning nation. If you work hard, you should have the security of owning your own home.”
She flagged extra federal authorities measures on housing between now and subsequent yr’s federal election.
Social media platforms to be certain by ‘obligation of care
Josh Butler
The federal authorities would require social media platforms to imagine a “digital duty of care” for customers, with plans to place the onus on digital corporations to take proactive steps to safeguard the psychological well being of its clients.
The communications minister, Michelle Rowland, made the announcement final evening at a speech to the Sydney Institute. It would put the obligation for conserving Australians protected on to the platforms themselves, together with obligating social media platforms to establish and mitigate potential dangers because the providers and society adjustments.
She mentioned:
To my thoughts, what’s required is a shift away from reacting to harms by counting on content material regulation alone, and shifting in direction of systems-based prevention, accompanied by a broadening of our perspective of what on-line harms are.
The minister, a former lawyer, mentioned an obligation of care was “a common law concept and statutory obligation that places a legal obligation to take reasonable steps to protect others from harm”.
The place platforms significantly and systemically breach their obligation of care we’ll make sure the regulator can draw on sturdy penalty preparations.
We don’t have loads of details about the way it will work, with Rowland’s workplace solely releasing broad particulars concerning the proposal, however we’ll count on to listen to extra in coming weeks. It’s understood the digital obligation of care was a key suggestion of an impartial assessment of the On-line Security Act, which was handed to authorities weeks in the past however which hasn’t been launched but.
It provides to the federal government’s already-bulging set of proposed and looming reforms within the tech and social media house, together with the ban on social media for under-16s, the mis- and disinformation legal guidelines, and potential adjustments to the information media bargaining code. It probably opens up one other entrance in a battle with the social media corporations, a few of whom are already sad with rising authorities regulation and new guidelines on how their programs function.
Welcome
Good morning and welcome to our dwell information protection. I’m Martin Farrer, bringing you a number of the greatest in a single day tales earlier than my colleague Mostafa Rachwani guides you thru the primary motion of the day.
The commonwealth will argue in two excessive courtroom challenges immediately that the structure permits the federal government to detain non-citizens whereas their safety visa functions are processed, even when they are going to be launched after a call both approach. It would urge the courtroom to reject the instances that search to increase the landmark NZYQ determination on indefinite detention to a brand new cohort of individuals in immigration detention. We are going to deliver you the newest when it occurs.
The federal authorities would require social media platforms to imagine a “digital duty of care” for customers, with plans to place the onus on digital corporations to take proactive steps to safeguard the psychological well being of its clients. Talking in Sydney final evening, Michelle Rowland, the communications minister, mentioned the adjustments had been wanted to place the obligation for safeguarding on to the businesses and away from only a regulatory strategy. Extra arising.
The October jobs figures out at 11.30am this morning will give the newest replace on what we are able to count on from the financial system and we’d even get some extra perception from the Reserve Financial institution governor, Michele Bullock, when she seems at a panel dialogue on the state of the financial system at an Asic discussion board in Sydney at 10am this morning. Extra arising.
Australia’s push for high-speed rail is ignoring skilled recommendation and parliamentary findings, in accordance with a former MP who chaired the inquiries, warning planners are pursuing costly station places the place recouping prices can be so tough it may derail the venture. In an interview with Guardian Australia, John Alexander pleads with the Excessive Pace Rail Authority to position stations outdoors the Sydney and Gosford CBDs to be able to maximise land worth seize and due to this fact safe future funding of the scheme.
