Author: MIL-OSI Publisher

Source: Australian Parliamentary Secretary to the Minister for Industry

Sarah Abo:

Well, the new Labor Cabinet will be sworn in this morning after a cut‑throat reshuffle saw several MPs booted from their portfolios.

Joining us live from Canberra to discuss this is Treasurer, Jim Chalmers. Congratulations to you, Treasurer, you are back, and hasn’t your second term started without a hitch? Should we be worried about you – apparently there’s an assassin in your midst?

Jim Chalmers:

Good morning, Sarah, I don’t think I’m going to come at that, but I’m going to accept with good grace your congratulations. I appreciate it, looking forward to be sworn in today, and also I’m grateful to the PM for the first‑class team that he has assembled – including in my own Treasury portfolio – I’ve got some wonderful colleagues there, and I’m looking forward to working with them.

Abo:

It’s not quite the perfect start you were hoping for though, I imagine.

Chalmers:

I think inevitably when you’ve got so many good people to fit into a limited number of positions, then unfortunately, there are people, including very good people, who can get left out. And that’s what we saw last week; it was messy, and nobody would want that to happen, particularly to 2 people who are respected in our team.

But my focus is on the colleagues I’ll be working with in the economic team. We’ll be sworn in today, and we’re already hard at work.

Abo:

Would you describe the Deputy PM as a factional assassin?

Chalmers:

No, I don’t describe my colleagues like that, but again, people can choose their own words and their own language. I understand that if you’ve missed out on the ministry, including the 2 guys that you’re referring to I think in your questions, then I feel for them. I respect them, and I feel for them, and they’ve got a right to say what they think about that. I choose different words.

Abo:

Ed Husic did double down on that last night saying it was gratuitous to dump Dreyfus. Let’s have a quick listen.

[Excerpt]

Ed Husic:

Mark has been a big contributor, he should have been given dignity, there should have been some class extended to Mark frankly. I feel really bad for the way that he’s gone.

[End of Excerpt]

Abo:

That’s twice now he’s gone on the public record to make the way he feels known. Does he have a right to air his grievances in such a way?

Chalmers:

I think Ed’s entitled to his view, and –

Abo:

It does make you wonder though, I guess, Treasurer, whether the Albanese government does have a problem with dissent?

Chalmers:

I think that would be an unusual conclusion to draw given the totality of the last 3 years. Yes, it was a difficult week last week, yes it’s hard when good people are excluded from a very strong team. I think I’ve acknowledged that in a number of different ways today.

Our focus is on the team that we’ve put together, the hard work that we need to do for the Australian people at a time of global economic uncertainty, and that’s what I’ve been focused on, not on the internal machinations.

Abo:

All right. Well, let’s look at that new team in your Cabinet sworn in today. It does seem, I mean you can’t ignore it, some allies have been rewarded, others seemingly demoted. Did Tanya Plibersek get a bit of an unfair whack turfed from the environment portfolio?

Chalmers:

Not at all, and I’m delighted you asked me about this, Sarah. I spoke to Tanya yesterday; Tanya is absolutely delighted with this role. The social services role in a Labor government is absolutely key, and I see it and she sees it as a really terrific opportunity for Tanya.

As I’ve said, I’ve spoken to her about it already, the work that we will do together in that portfolio, she’s replacing a wonderful Cabinet Minister in Amanda Rishworth who was on the show before me, and Tanya’s really looking forward to it.

I read with a bit of curiosity this analysis about Tanya’s new job. In our government that job is absolutely key, and I think that she’s looking forward to getting stuck into it and I’m looking forward to working with her.

Abo:

Good to see her and the PM have kissed and made up then. All right. Well, meanwhile, China and the US have reached an agreement to pause tariffs for 90 days. Surely, Treasurer, the PM has to prioritise sitting down with Trump to talk trade now?

Chalmers:

We’re engaging with the Americans on trade, as you’d expected, we’ve been doing that for some time. The Prime Minister’s had a number of conversations with the President of the United States.

What we saw between the US and China in the last day or so is a very welcome development, a very pleasing development, reassuring in a way. But we also need to recognise that it’s not resolved yet; this is a pause, not a resolution. It means that there’s still a lot of uncertainty, volatility, unpredictability in the global economy, and that’s impacting us here in our own economy as well.

We’ve got a lot of skin in the game when it comes to a trade war between the US and China, we want to see these issues resolved in a permanent sense, not just in a temporary sense, but the developments of the last day or so have been very welcome and very pleasing.

Abo:

You have touched on that global uncertainty for a while, we know it was bad leading into this election, it’s unlikely to get much better in the months and perhaps years to come. But your portfolio has got some business leaders a little bit unhappy this morning. They reckon your timeline for improving productivity isn’t good enough. Are you dragging your feet here? You want a third term to fix this situation.

Chalmers:

Oh, there’s a business leader in The Australian called Chris Corrigan, we wouldn’t be surprised he’s got a different view of productivity to a Labor government. I’ve been engaging with business leaders on productivity, a number of them have reached out to me in the last week and a half to say how much they’re looking forward to working –

Abo:

It’s not just him, there are others. I mean you wanted to get this done, you wanted productivity lifted within this – by this second term. You’re now saying it might not be until the third?

Chalmers:

Not quite right, Sarah. We’ve got a productivity agenda, we’ve always said that it takes time to turn productivity around. This is a challenge that’s been in our economy for decades now, and it will take more than a couple of years to fix. We’ve been upfront about that all along.

We work closely with the business community and with others to make our economy more productive over time. We’ve already got an agenda on skills and infrastructure and technology and energy and the care economy, but we know that we need to do more.

Abo:

It’s dropping though, Treasurer, I mean it’s the weakest it’s been in the last 35 years.

Chalmers:

Well, actually, the weakest decade for productivity growth was the Coalition decade to 2020. If we want to introduce those facts, Sarah, the weakest period for productivity growth was the wasted decade under our predecessors. And we’re working hard to turn that around. And I’ll work closely with business leaders, I already am, and I will continue to do that because living standards in our economy do depend on us making it more productive over time. And that’s why it’s a big focus, not just of me as Treasurer, but the whole Labor government.

Abo:

All right. You’ll be hoping to wipe the slate clean, I’m sure, today once Cabinet is sworn in, but what about the other side? Do you care who the Coalition chooses as their leader?

Chalmers:

I haven’t given it a lot of thought, but I think it’s unusual that 2 of the 3 people most responsible for the debacle which was the Coalition over the last 3 years have put their hands up for leader. I think it’s strange that instead of asking their colleagues for forgiveness, they’re asking their colleagues for votes.

Abo:

Ooh. Maybe it should be Tim Wilson then. Is that an endorsement to the re‑elected Tim Wilson?

Chalmers:

I don’t think that would be an improvement. I think whoever wins this battle of the duds today –

Abo:

Oh, battle of the duds.

Chalmers:

– the Liberal Party will still be the party of lower wages, higher income taxes and nuclear reactors. And that will show that whoever wins this ballot today, they haven’t learned the lesson of the last 3 years.

Abo:

Wow. Shots fired from the Treasurer. I like it. All right. Strap yourselves in, folks, it’s going to be an interesting 3 years ahead. Thank you so much for joining us, Treasurer, appreciate it.

Chalmers:

Thanks, Sarah.

Source: Australian Parliamentary Secretary to the Minister for Industry

Bridget Brennan:

Hello Treasurer and welcome back to News Breakfast.

Jim Chalmers:

Thanks very much, Bridget.

Brennan:

Tell us about your biggest challenge as you enter a second term as Treasurer.

Chalmers:

I’m very grateful to the Prime Minister for asking me to serve again as Australia’s Treasurer and my immediate focus is all of this global economic uncertainty but also over the medium term and longer term trying to make our economy more productive as well.

We’ve got a lot of work to do. Australians have made a lot of progress together in our economy over the course of the last 3 years but there’s lots more work to do because people are under pressure, the global environment is uncertain, our economy’s not productive enough. And so that will be the focus not just of me but this wonderful new economic team that the Prime Minister has appointed, and indeed the whole Cabinet and the whole government.

Brennan:

We’ll just let you get your earpiece set. Look, you’ve got a number of reports coming to you this year in terms of recommendations on how to boost productivity. What are some things you can do immediately to start getting to work on productivity?

Chalmers:

We’ve already got a big productivity agenda. Our agenda around skills and training and human capital is all about making our economy more productive and making sure there are more opportunities for more people. We’ve got an agenda when it comes to abolishing non‑compete clauses, a national regime for occupational licensing, the energy transformation, infrastructure investment.

We’ve got a big agenda already for productivity, but there’s a real enthusiasm to do more and some of that work of the Productivity Commission will help us consider the next steps as well. There’s no switch that you can flick to instantly make an economy like ours – a complex economy – more productive overnight. It will take time, but we’ve already started, and we’ve got more work to do as well. And there’s a real difference here I think between the way that we’ve thought about productivity.

Traditionally, the way our political opponents think about productivity in quite a narrow way, making people work longer and harder for less, versus the Labor way of making our economy more productive, which is investing in people, their ability to adapt and adopt technology, getting the energy transformation right, the care economy, our competition policy to make our economy more dynamic – all of this is part of our productivity agenda and I’m really looking forward to advancing that agenda through the course of this Parliamentary term.

Brennan:

You would have been watching closely overnight as the US and China hit pause at least temporarily on high tariffs against either nation. What opportunity is there for Australia in this news, is this a positive development at least in the short‑term?

Chalmers:

Oh, it’s a very positive development, a very welcome development, but we shouldn’t pretend that all of the issues in these trade tensions around the world have been resolved with this decision. There’s still a lot of uncertainty, a lot of volatility, a lot of unpredictability in the global economy but this is a welcome development.

Now when it comes to Australia’s exposure to these trade tensions around the world, really the biggest concern for us is a trade war between the US and China, and what that means then for our own economy. So like the rest of the world, we welcome this announcement. But it’s tempered a little bit by the understanding, the realisation that there’s still a lot of uncertainty which is playing out in our own domestic economies around the world.

Brennan:

Today we’ll see that full reshuffled Cabinet sworn in. Was it a bit unedifying to see the factional war play out in the first week after you got that massive mandate? What sort of a taste do you think it left in voters’ mouths and minds when they saw 2 quite senior Cabinet ministers pushed aside by the factions?

Chalmers:

I do think it was unfortunate, and I think it was messy, I think that’s self‑evident. This is what happens when you’ve got more good people than you can fit into a Cabinet or a ministry or the broader ranks.

I feel for those 2 guys in particular, and nobody really wants to see people left out in that fashion but this is what happens when we’ve got so many good people that we’ve got to fit into this Cabinet. We’ve got to strike the right balance between experience and new energy, new faces. We’ve more or less struck an effective balance there. So at a human level I feel for Ed and Mark and in the government, I think it reflects the strength that we have in personnel.

Brennan:

Just on Mr Dreyfus particularly before we let you go, obviously we’ve heard what Ed Husic has had to say, we haven’t yet heard from Mr Dreyfus. Do you think he was treated with dignity?

Chalmers:

I’m reluctant to go much further than I have already, Bridget. I appreciate the opportunity to say that both of those guys are good people, and like a lot of people in our team, they made a good contribution last term. No doubt this was a difficult decision for the party room to take. Beyond that, I don’t want to engage in a running commentary about that. I feel for those 2 guys today – and it will be a hard day for them today to see ministers sworn in.

My focus today is on the really quite extraordinarily strong team that the Prime Minister has put together being sworn in at Government House and I’m especially grateful to him for the team that he’s appointed to the Treasury portfolio with all of this intellectual horsepower and talent and energy – Daniel Mulino, Andrew Leigh, Clare O’Neil, Anne Aly – these are really quite extraordinary people appointed and being sworn in today to the Treasury portfolio and I’m looking forward to working with them – that’s my focus.

Brennan:

All right, thanks for your time, Treasurer, and best wishes for today.

Chalmers:

Thank you.

Source: New South Wales – News

Major Crime detectives have released a new image of Melissa on the anniversary of her disappearance hoping to spark public interest in this particularly disturbing cold case.

Rosemary, 33, and Melissa, 15, were last seen in Blair Athol at about 2.30am on Saturday 13 May 2000.

Rosemary’s handbag was discovered later that day in Stirling Street, Northfield. It was not handed into police until 23 May 2000 after a public appeal about the missing women.

Sadly, on Sunday 2 July 2000, Rosemary’s body was discovered in mangroves at Garden Island.

Melissa has never been found and is believed to have been murdered.

Acting Detective Superintendent Andrew Macrae, Major Crime Investigation Branch, emphasised SAPOL’s ongoing commitment to solving this case, recovering Melissa’s body and bringing justice to Rosemary, Melissa and their family.

“Despite the passage of time, we remain dedicated to uncovering the truth and holding those responsible accountable.  We encourage anyone with information, no matter how insignificant it may seem, to come forward. Your assistance could be crucial in helping us piece together the events surrounding this tragic incident,” he said.

Anyone with information is asked to contact Crime Stoppers on 1800 333 000 or online at www.crimestopperssa.com.au – you can remain anonymous.

A reward of up to $1,000,000 is on offer for information and assistance that leads to the conviction of those responsible for these murders.

Source: New South Wales – News

The alarm was raised about 11.15am this morning (Tuesday 13 May), after reports of two people missing in the water near Back Beach Road.

Eyre Western Police are at the scene and will be assisted by Water Operations Unit and local SES to conduct a search.

Further information will be provided when known.

Source: New South Wales Community and Justice

Kingston man charged with high-range drink driving

Tuesday, 13 May 2025 – 11:59 am.

A man from Kingston has been charged with high-range drink driving and had his licence disqualified for two years after he allegedly attempted to evade police at Kingston over the weekend.
As part of ongoing high visibility patrols on the roads, about 1am on Sunday police attempted to intercept a white Ford Ranger utility in the Kingston area, to conduct an alcohol and drug test on the driver.  
The vehicle attempted to evade police on several occasions and was located a short time later. 
The alleged driver, a 40-year-old man from Kingston, returned a blood alcohol reading of 0.159 – more than three times the legal limit.
He was arrested, instantly disqualified from driving for two years and will appear in court at a later date charged with drink driving and a number of other serious traffic offences.
“Police remind the public that drink and drug driving on our roads places obvious risks to drivers, the community, and emergency responders,” said Senior Sergeant Peter Borish. 
“High range drink driving can have deadly consequences.” 
Anyone who has information or dash cam or cctv vision of a white Ford Ranger utility driving in a dangerous manner at Kingston over the weekend is asked to contact Kingston Police on 131 444 and quote OR774566.
Information can also be provided anonymously through Crime Stoppers Tasmania at crimestopperstas.com.au or on 1800 333 000. 

Source: Airservices Australia

Tags

asset quality, balance sheet, banking, banknotes, bonds, business, business cycle, capital, cash rate, central clearing, China, climate change, commercial property, commodities, consumption, COVID-19, credit, cryptocurrency, currency, digital currency, debt, education, emerging markets, exchange rate, export, fees, finance, financial markets, financial stability, First Nations, fiscal policy, forecasting, funding, global economy, global financial crisis, history, households, housing, income and wealth, inflation, insolvency, insurance, interest rates, international, investment, labour market, lending standards, liquidity, machine learning, macroprudential policy, mining, modelling, monetary policy, money, open economy, payments, productivity, rba survey, regulation, resources sector, retail, risk and uncertainty, saving, securities, services sector, technology, terms of trade, trade, wages

Source: Northern Territory Police and Fire Services

Our CBR is the ACT Government’s key channel to connect with Canberrans and keep you up-to-date with what’s happening in the city. Our CBR includes a monthly print edition, email newsletter and website.

You can easily opt in or out of the newsletter subscription at any time.

Source:

Source: Australian National Party

Source: Australian National Party