Labor to announce anti-scam measures
Sarah Basford Canales
The assistant treasurer, Stephen Jones, will announce robust new guidelines for banks, telcos and social media corporations requiring them to ramp up efforts towards scammers.
At an handle in Melbourne this morning, Jones will present particulars a few new scams prevention framework, which may high quality main corporations as much as $50m, and power them to compensate victims, in the event that they fail to adjust to new guidelines.
Jones will say the “legally binding measures” should be carried out by companies to “prevent, detect, report, disrupt, and respond to scams”.
Banks, telcos and digital platform companies, together with social media, are first on the listing and might want to meet the brand new obligations. For instance, a financial institution might want to tighten guidelines round transfers by having necessary affirmation of payees in place.
Telcos, for instance, will probably be required to dam recognized rip-off numbers. Jones will say:
That is good for companies that wish to legitimately talk with prospects. And it’s good for Australians – taking our protections even additional. Chopping off the specter of scams early is paramount.
Key occasions
Second day of social media summit below method in Adelaide
The communications minister, Michelle Rowland, has been talking with ABC Information Breakfast on the second day of the social media summit in Adelaide.
Rowland has in the present day introduced the “likely” amendments to the On-line Security Act banning kids from social media will “place the onus on platforms, not parents or young people” to implement the ban.
Rowland stated the age assurance trial, below method proper now, exhibits that platforms “have the capability to undertake this kind of enforcement themselves”,
We now have seen that in current weeks with Meta releasing its personal model of Instagram for younger individuals, limiting entry below sure settings. So the platforms have the capability to do extra and they need to be doing extra [and] that’s why the federal government is taking this strategy.
I feel the last word challenge right here is about [incentivising] the platforms to do higher. We’re on to the second technology of digital natives now. It’s the case that social media shouldn’t be going to be excluded from everybody’s lives fully and in addition the actual fact is that we will’t hold each particular person – each little one – protected at each second of each day when they’re on-line. However we will do higher and that’s the reason we’re taking this strategy.
Flip wind into jobs with native turbine tower manufacturing
Australia may create hundreds of jobs and transition staff out of the fossil gasoline business if wind towers had been produced at residence, a analysis group says.
As AAP reviews, wind vitality is one in all Australia’s fundamental renewables and generates sufficient electrical energy to fulfill 7% of the nation’s demand. However all of Australia’s wind towers are imported from abroad.
The Centre for Future Work’s analysis discovered that 4000 jobs could possibly be created with native wind tower manufacturing and hundreds extra in provide industries like metal. As soon as the workforce was established, it may produce 800 towers yearly with a cumulative worth of $15bn over the following 17 years.
Report writer Phil Toner stated about 2.6m tonnes of CO2 emissions would even be prevented because of decreased delivery:
Anybody involved concerning the local weather must be up in arms on the reality we’re importing large heavy metal towers from China after we could possibly be producing them right here, which would offer incredible alternatives for our burgeoning inexperienced metal sector.
Good morning
Emily Wind
And blissful Friday – because of Martin for kicking issues off. I’m Emily Wind, and I’ll be with you for many of in the present day on the reside weblog.
As at all times, you may get in contact with any suggestions or questions by way of X, @emilywindwrites, or you may ship me an electronic mail: emily.wind@theguardian.com.
Let’s get began.
Full Story podcast: Have Labor’s ‘nature positive’ plans turned detrimental?
This week the Albanese authorities hosted what has been billed as a “global nature-positive summit” in Sydney.
When introduced practically two years in the past by the atmosphere minister, Tanya Plibersek, it was hoped the occasion would spotlight Labor’s management in growing new nature legal guidelines.
However the criticisms have been rolling in, with atmosphere advocates saying the summit is all discuss and no motion.
Guardian Australia’s local weather and atmosphere editor, Adam Morton, tells Reged Ahmad concerning the protests, insurance policies and guarantees made on the authorities’s atmosphere summit this week.
Cautionary story for constructing nuclear energy stations in Australia
There’s a cautionary story out of the UK this morning for individuals who advocate constructing nuclear energy stations in Australia.
EDF, the French vitality firm and nuclear specialist, is reportedly in talks with traders to lift as much as £4bn – that’s virtually $8bn – simply to complete the delayed Hinkley Level C challenge in Somerset, Britain’s first new nuclear reactors in a technology.
The price of the challenge has ballooned to virtually £50bn – practically $100bn – due partly to produce chain points and struggles securing expert engineers, based on Bloomberg. And now EDF needs traders to cough up extra.
Learn the total story right here:
Home costs rise extra slowly, report exhibits
Josh Taylor
Nationwide residence values rose by 1% within the September quarter, CoreLogic has stated, the softest three-month rise since March 2023.
The slowdown in worth development was attributed to a rise in listings and extra cautious purchaser behaviour. The speed has introduced down the annual development price from 9.7% earlier this yr to six.7%.
Rental costs barely budged, shifting up 0.1% over three months, the slowest price since main pandemic lockdowns in 2020.
The info exhibits Perth, Sydney, Brisbane and Adelaide values are at file highs, with Perth having the best annual development price at 24.1%. Brisbane’s price is 14.5%, Sydney’s is 4.5% and Adelaide’s is 14.8%.
Melbourne and Hobart recorded quarterly and annual dwelling declines at -5.1% and -12.5%, respectively under file highs in March 2022
Regional housing markets skilled a quarterly enhance of 1%, down from 2.3% within the three months to April. CoreLogic Australia economist Kaytlin Ezzy stated:
Whereas the market stays resilient in lots of areas, the tempo of development extra broadly has clearly decelerated. Patrons and traders have gotten extra cautious, and the present lending atmosphere is resulting in extra measured buying selections.
The upper price of gross sales signifies there’s nonetheless strong purchaser demand regardless of altering market situations. As we transfer by spring, we’re more likely to see additional moderation in worth development as new listings proceed to rise, offering some aid for consumers who’ve confronted intense competitors over the previous yr.
CoreLogic states nationwide rental development is slowing, with rents rising 0.1% over the quarter – the bottom price in 4 years.
CoreLogic estimates the mixed worth of residential actual property rose to $11T on the finish of September.
Labor to announce anti-scam measures
Sarah Basford Canales
The assistant treasurer, Stephen Jones, will announce robust new guidelines for banks, telcos and social media corporations requiring them to ramp up efforts towards scammers.
At an handle in Melbourne this morning, Jones will present particulars a few new scams prevention framework, which may high quality main corporations as much as $50m, and power them to compensate victims, in the event that they fail to adjust to new guidelines.
Jones will say the “legally binding measures” should be carried out by companies to “prevent, detect, report, disrupt, and respond to scams”.
Banks, telcos and digital platform companies, together with social media, are first on the listing and might want to meet the brand new obligations. For instance, a financial institution might want to tighten guidelines round transfers by having necessary affirmation of payees in place.
Telcos, for instance, will probably be required to dam recognized rip-off numbers. Jones will say:
That is good for companies that wish to legitimately talk with prospects. And it’s good for Australians – taking our protections even additional. Chopping off the specter of scams early is paramount.
Welcome
Good morning and welcome to our reside information weblog. I’m Martin Farrer with the highest in a single day tales after which it is going to be Emily Wind choosing up the pressure.
The communications minister, Michelle Rowland, will announce in the present day that social media corporations may escape the Albanese authorities’s proposed age ban if they will exhibit a “low risk of harm to children”. In a speech to be delivered to the New South Wales and South Australian authorities social media convention, she is going to say that the “likely” amendments to the On-line Security Act banning kids from social media will “place the onus on platforms, not parents or young people” to implement the ban.
Social media corporations are additionally included in a brand new scams prevention framework to be introduced in the present day – extra on that arising.
Banks have began reducing their mortgage charges amid expectations of future rate of interest cuts by the Reserve Financial institution – strikes that might tempt debtors to restructure their residence loans. It comes as new knowledge from CoreLogic says nationwide residence values rose by 1% within the September quarter, representing a slowdown in worth development attributed to a rise in listings and extra cautious purchaser behaviour.
After struggling sexual, bodily, psychological and monetary abuse by the hands of her ex-husband for practically twenty years, Alicia has realized to be a record-keeper. She has complied an 83-page file on her abuse and has submitted it to police greater than as soon as. The issue is, she tells Kate Lyons, they gained’t take the issue of coercive management critically till “there’s a dead body”. Kate’s particular report comes as a brand new regulation in New South Wales means individuals charged with critical home violence offences will put on ankle bracelets and have their actions tracked across the clock if they’re granted bail.
