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Budget will need structural reform, treasurer says
ABC is asking Chalmers about the Nine poll showing people would prefer to cut spending rather than raise taxes.
It’s not always an either or.
Chalmers says the government will need to trim spending and change the tax system. He says the budget will “most likely” need structural reform.
We do need a national conversation about all of that. The October budget was never meant to be the end of that conversation, but the beginning.
I think it’s more fundamental than that [increasing GST] one of the kind things people say about our government is that the adults are in charge. Part of that is treating people like adults… levelling with people about challenges in the budget and our society more broadly.
Chalmers says he believes an important part of his job is to be up front with people:
The challenges are so great, we won’t get through it without a foundation of real talk.
Treasurer expects Australia can avoid recession but not downturn
Is it getting harder for Australia to avoid a recession?
Jim Chalmers:
It’s not our expectation that Australia’s economy will go that way but it is the expectation of the global economic community that we could be facing the third substantial global economic downturn in the past decade and a half.
‘We will not be spared another global downturn,’ treasurer says
After the World Bank and the International Monetary Fund warned of a global recession overnight, treasurer Jim Chalmers is now speaking to ABC Radio.
RN Breakfast host Patricia Karvelas asks about the downgraded global forecasts predicating a global recession is becoming more likely. Where does this leave Australia?
Chalmers:
Well, the world is bracing for another global downturn … we will not be spared another global downturn.
Defence minister assures Ukrainian ambassador of ‘unwavering support’ from Australia
As Ukraine has been hit with a deadly new wave of missile strikes from Russia, largely targeting civilians, the ambassador to Australia, Vasyl Myroshnychenko, spoke to ABC News Breakfast this morning:
It is horrendous what has happened in Ukraine, Russians have sense over 80 cruise missiles at different cities in Ukraine, about 14 of those hitting, deliberately, critical infrastructure, electricity, power generation. There are blackouts in many cities right now. Many missiles just came in central part of Kyiv, actually, Russians have hit a playground in the park next to the main building of the university. This is one of the most favourite playgrounds in Ukraine. This is where both my kids grew up and they hit the pedestrian bridge near the European Square, which is another central landmark in Ukraine. Many people were killed and wounded. This is horrendous.
The ambassador said he met with defence minister Richard Marles yesterday:
The only way how we can send a strong message to Putin is to provide more assistance to Ukraine. I had a great meeting with deputy prime minister Richard Marles yesterday. He assured me of unwavering support of Australia to Ukraine and we are thankful to the Australian government for all the support which is coming.
You can follow the latest on what is happening in the conflict on Guardian’s live blog here:
NSW parliament to debate stamp duty reform
NSW parliament is resuming with politicians due to debate changes to how first home buyers are taxed, AAP reports.
Premier Dominic Perrottet is confident the government’s first home buyer choice bill will pass through the parliament this week, despite staunch opposition from Labor.
The bill would give first home buyers the option to pay an annual land tax instead of being slugged with stamp duty. The premier believes the scheme is a game changer, saying a proposed trial in January had the potential to free prospective first home buyers from the burdensome task of saving a large home deposit.
Shadow treasurer Daniel Mookhey said Labor would oppose the attempt to push the changes through parliament before year’s end. He told reporters yesterday:
We would have much preferred he takes this policy to the election. The biggest change to NSW tax law in 50 years should not be rushed through the parliament in 15 days.
It’s not a change that [Perrottet] has a mandate for, and he shouldn’t be trying to rush this through the parliament in October when there is an election in March.
The return to Macquarie Street comes after parliament was adjourned last month following the death of the Queen.
You can read more about the stamp duty overhaul from NSW state reporter Michael McGowan:
Greens call on government to leave coal and gas out of safeguard mechanism
Sarah Martin
Greens’ leader Adam Bandt says the government needs to design its new safeguard mechanism to ensure coal and gas companies bear most of the emissions reduction burden facing the country.
In a speech to the Australian Financial Review’s energy summit today, Bandt will call for the government to redesign the mechanism to treat industries differently according to whether they have a future in a carbon-constrained world.
Bandt will say, according to a draft of his speech:
We need policies that stop coal and gas expanding, but that support genuine Australian industry to thrive.
Unfortunately, Labor is determined to stick with Tony Abbott’s safeguard mechanism, grouping the industries that have a future together with the industries that don’t and treating them all the same.
Bandt said that despite 57% of emissions covered by the safeguard coming from coal, oil and gas facilities, the safeguard mechanism “puts every other industry in the same basket as coal and gas, as though they were all viable and potentially sustainable”:
The difference, however, is that coal and gas does not have a safe future, but the rest of Australian industry does.
Bandt points to the treatment of new entrants under the safeguard mechanism and how this would impact existing businesses given Australia’s finite carbon budget.
Labor’s consultation paper envisages 30m tonnes a year be allocated to new entrants, which Bandt says could cover the 42 coalmines now in the approvals process:
It’s a recipe for burden shifting and climate collapse. So, my message to genuine Australian industry is simple. Cut coal and gas loose. They are the new asbestos and tobacco. They are dragging you, your shareholders, your workers, your community and your country down.
Good morning!
Qantas flights from Melbourne have been delayed after a security breach at a terminal allowed a passenger to pass from an unscreened part of the airport to a screened part without being checked.
Qantas has said:
A passenger appears to have inadvertently passed from an ‘unscreened’ area to a ‘screened’ area of the airport in Melbourne.
As a precaution all Qantas operations have been put on hold and passengers in the terminal are being rescreened, which is causing delays to some services this morning.
Safety is our number one priority, but we know this disruption is causing some inconvenience for our passengers and we apologise for that. We are investigating how this incident occurred.
A similar incident took place at Sydney airport last month when a passenger bypassed security screening.
Indigenous businessman Warren Mundine has met Greens senator Lidia Thorpe discussing ramping up a no campaign on the Indigenous voice to parliament.
Mundine spoke with ABC radio this morning, saying there are a “wide range” of people in parliament interested in a no campaign.
The businessman confirmed he had sat down for a discussion with Thorpe and that they had got on “quite well.” He said he had also talked to Liberal and Labor spokespeople.
Mundine said while Aboriginal people were united in the 1967 referendum, the Aboriginal community was “divided” over the voice. He says some Aboriginal people have pulled him aside and said a voice is “not our culture”, which has always been based on traditional owner authority. Mundine believes a treaty would be better than a voice.
Asked by the ABC if he has agreement from Thorpe on supporting a no campaign, Mundine said it was not something he could confirm at the moment but he would have “huge things” to announce in future.
In weather news, more than 100 flood warning remain in place in NSW, with most concern around Gundagai, Gunnedah, Wee Waa, Warren and Forbes as well as for parts of the Hawkesbury area.
Let’s get going!
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