Key occasions
Chalmers: Australia ‘won’t be immune’ from Trump’s metal and aluminium tariffs
Earlier this morning, the treasurer Jim Chalmers spoke in regards to the influence US president Donald Trump’s doubling of tariffs on international metal and aluminium would have on Australia. He had this to say on RN Breakfast:
We’ve made it actually clear we don’t need to see an escalation of tariffs. They’re an act of financial self-harm. They’re very damaging to the worldwide financial system. And we gained’t be immune from that, despite the fact that we’re better-placed and better-prepared than most international locations to take care of it.
Chalmers stated the tariffs would have an effect on Australian metal producers, however known as these companies “among the best in the world”.
We’re assured that they will discover good markets, good, dependable markets for fantastic Australian metal and aluminium.
Adam Morton
Extra from Local weather Change Authority chief Matt Kean yesterday
In his speech on the Australian Museum, Matt Kean additionally briefly referred to the Local weather Change Authority’s work advising the Albanese authorities on a 2035 emissions discount goal.
The recommendation was delayed earlier than final month’s federal election. The recommendation and a authorities announcement is now anticipated by September, earlier than the Cop30 summit in Brazil in November.
Kean stated he needed a goal that was “ambitious, informed by the science, but also achievable”. He has beforehand stated the authority was consulting with stakeholders on a goal vary – a 65% to 75% minimize beneath 2005 ranges.
He stated a part of the authority’s work was to grasp what Donald Trump’s makes an attempt to dismantle the Biden administration’s decarbonisation funding would imply for Australia – whether or not it could hamper or assist a speedy shift to cleaner apply.
Some political or enterprise leaders have instructed if a goal seems past attain, we should always throw within the towel.
Actually, there are various methods we will do extra, largely by going with the electron movement. The tempo of electrification will decide whether or not we succeed.
He stated giving households extra assist to take up photo voltaic and batteries was “not only good politics. It could pick up some of the slack if the larger grid overhaul takes longer than expected”.
Queensland nurses to launch their first industrial motion in 23 years immediately
Andrew Messenger
The secretary of the Queensland Nurses and Midwives’ Union, Sarah Beaman, stated tens of 1000’s of nurses would participate within the motion on Thursday morning. It’s the first motion since 2002.
Union members will put on pins, pink shirts and distribute union materials however the motion is anticipated to escalate over time if their phrases should not met.
The union is locked in negotiations with the state authorities over a brand new enterprise bargaining settlement. The principle sticking factors are wages and situations; the union says the state authorities has failed to fulfill an election promise for nation-leading pay for nurses. Beaman stated:
Make no mistake now we have a nursing and midwifery workforce disaster in Queensland. If the federal government permits Queenland to fall behind Victoria for the primary time in 15 years, we are going to see much less nurses and midwives state-wide.
The federal government promised us nation-leading wages and situations, and we’re taking motion to make them ship their promise.
Boele says she will probably be ‘very bold’ from the crossbench
Boele stated she’s going to deal with local weather change and reasonably priced housing, amongst different points, in her new position on the crossbench. She advised RN Breakfast that Labor’s robust majority in parliament demanded independents and others to carry the Albanese authorities to account.
She pointed to the current determination to increase the North West Shelf gasoline undertaking till 2070:
Even Labor, earlier than we’ve even began the subsequent parliament, has authorised an extension to the North West Shelf, for instance. That’s a local weather bomb. And this can be a celebration that claims they perceive local weather science.
So there may be at all times going to be a necessity for individuals who courageously discuss.
Nicolette Boele ‘very confident’ with final result of Bradfield recount
Impartial Nicolette Boele known as the weeks-long effort to rely and recount ballots within the seat of Bradfield one of many “most impressive and comprehensive” processes, saying she was “very confident” with the result that noticed her overcome the Liberal’s Gisele Kapterian. She advised RN Breakfast:
I feel I’m very assured with the method that’s been run by the AEC and the result that now we have right here. So I’m eager to get on with the job, however I can perceive you may have to ask that query to Giselle Kapterian.
Boele known as her competitor a “formidable candidate”.
Chalmers doesn’t rule out concessions to get tremendous tax throughout the road
Jim Chalmers addressed the necessity to work with the crossbench to get Labor’s superannuation tax plan handed. The ABC’s Sally Sara requested if the federal government was providing a “take-it-or-leave-it” deal and had dominated out making concessions with the Greens on the matter. Chalmers advised RN Breakfast:
We don’t have the numbers within the Senate to cross our laws on our personal. We have to interact with the crossbench, specifically, on this occasion. And I intend to do this.
… However our intention, our desire, is to legislate the plan that we introduced virtually two-and-a-half years in the past now.
The treasurer stated he would interact “respectfully” with the crossbench, noting there was additionally plenty of “disunity” within the Coalition over the tax enhance.
Chalmers says Australian financial system performing ‘relatively well’ regardless of GDP numbers
Treasurer Jim Chalmers stated this morning Australia’s financial system remained in a great place, citing decrease inflation, a rise in actual wages and the reducing of rates of interest, regardless of yesterday’s information that the nation’s GDP grew simply 0.2% within the first three months of 2025. He advised RN Breakfast:
The Australian financial story is a really compelling one. The financial system continues to develop, we’ve acquired inflation decrease, actual wages and incomes are rising, rates of interest have began to return down, we’ve acquired the debt down within the finances. And so, overwhelmingly, Australia’s financial system is performing comparatively effectively in contrast with the remainder of the world.
Even modest progress in these world circumstances is welcome. We do have a worldwide financial system which is characterised by uncertainty and volatility and unpredictability.
You possibly can learn extra in regards to the GDP and Greg Jericho’s take right here:
Nicolette Boele relishes victory in Bradfield after lengthy recount
Natasha Could
Newly elected impartial MP Nicolette Boele says the recount has given her “absolute confidence, even more confidence than before, in our democracy and in the Australian electoral commission.”
After being declared winner of the Sydney seat of Bradfield on a wafer-thin margin of 26 votes yesterday over a month after polls closed, Boele appeared on ABC’s 7.30 program yesterday night.
Boele stated the win was the fruits of years of campaigning and 1,450 volunteers, together with 222 individuals scrutineering during the last 4 and a half weeks, and 12 individuals doing all of the catering for these scrutineers.
Boele stated she realised she had gained when she held a press convention instantly after the announcement:
I used to be standing in entrance of the cameras, and the phrases ‘Nicolette MP for Bradfield’ got here up. And it was that second that I assumed, ‘wow, not just a candidate, but someone who has been elected’, and it’s genuinely beginning to sink in as one of many greatest honours that I’ve ever had in my life.
The Liberal candidate, Gisele Kapterian, hasn’t but conceded – she stated in a press release she’s going to “carefully review” the unique rely and the recount. Whether or not she tries to search out grounds to take the outcome to the courtroom of disputed returns Boele stated was a “question for her”.
Shadow treasurer says Labor’s tremendous tax plan centred on ‘egregious idea’
The shadow treasurer, Ted O’Brien, stated Labor’s plan to extend taxes on giant superannuation balances over $3m will probably be “an absolute disaster”. O’Brien spoke to Radio Nationwide Breakfast this morning amid the political tussle over the proposal, saying any tax on unrealised features was an “egregious idea”:
We imagine in decrease taxes. We imagine in easier taxes. We imagine in fairer taxes. …
This crosses a purple line in Australian tax regulation. It will likely be an absolute catastrophe. … The place does that then go? Will Labor begin taxing unrealised capital features in your major residence? We don’t need a bar of that. This isn’t good in any respect.
O’Brien, the deputy Liberal chief, went on to say that he would like to see “this entire bill scrapped”, however that’s “probably not going to happen”.
Adam Morton
Matt Kean tells fossil fuel-friendly MPs to cease ‘holding our country back’
Matt Kean made an assertive case for why local weather motion makes financial sense whereas giving the Talbot oration on the Australian Museum in Sydney on Wednesday evening.
In feedback that have been a less-than-subtle swipe at Coalition MPs, and presumably some others, the Local weather Change Authority chair and former NSW Liberal power minister stated “opponents of climate action don’t give up even when their political parties cop an electoral hammering”, however urged Australians to disregard “doubters whose main mission seems to be to prolong the life of fossil fuel industries”:
To these politicians who’re nonetheless offering a canopy for vested pursuits, I say get out of the best way. Cease holding our nation again and cease holding your political events again. Attempt performing within the nationwide curiosity – or take the low highway to political oblivion.
Kean quoted André Corrêa do Lago, the Brazilian diplomat who will head this 12 months’s Cop30 UN local weather summit within the Amazon, and who final week advised the Guardian that opposition to formidable steps to handle the local weather disaster was now largely “not scientific denial”, however “economic denial”.
On this, Kean stated “it helps that the economics are also aligning with the science”.
As US power innovator Hal Harvey put it, ‘it’s now cheaper to avoid wasting the Earth than to break it’. Buyers are lining up trillions of funding {dollars} to decarbonise economies. Even so, we have to be real looking in regards to the scale of the duty forward.
Good morning
Good morning, and welcome to Thursday. Nick Visser right here to take you thru immediately’s breaking information. Right here’s what’s on deck:
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Matt Kean, chair of the Local weather Change Authority, advised politicians who’re offering cowl for motion on fossil fuels to “get out of the way.” Kean spoke in Sydney final evening, saying MPs standing in opposition to local weather motion have been “holding our country back” and “holding your political parties back”.
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Impartial Nicolette Boele is relishing her win within the seat of Bradfield after an extended, seesawing recount. Boele spoke to the ABC final evening, calling the second she was declared victorious “one of the biggest honours that I’ve ever had in my life.” Liberal Gisele Kapterian has not but conceded the race.
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Stick to us as we dig into the political disaster in Tasmania later immediately with the talk on a no-confidence movement in opposition to the state’s premier set to proceed. Jim Chalmers may also discuss Australia’s less-than-robust GDP numbers later this morning.
Onwards.
