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Qld reports 3809 new COVID cases, 35 deaths
By Broede Carmody
Queensland’s daily coronavirus numbers have just been published.
The state has today reported 3809 official cases of COVID-19 and 35 additional deaths from the virus.
There are 656 people with COVID in Queensland hospitals. Of those, 21 are in ICU.
Greens reiterate calls to end stage three tax cuts
By Broede Carmody
The reactions to Shane Wright’s story are coming thick and fast.
Greens Senator Nick McKim has just issued a statement. He says the ACTU’s discussion paper puts additional pressure on Labor to walk away from the Coalition’s stage three tax cuts:
Greens senator Nick McKim.Credit:Alex Ellinghausen
The Greens welcome the ACTU’s paper and congratulate them on making the case for serious economic reform.
Scott Morrison’s stage three tax cuts will overwhelmingly flow to the wealthiest people in the country, with a $9000 tax break for people earning $200,000 but nothing for those on the minimum wage.
Instead of giving a tax cut to billionaires and politicians, we should be putting dental and mental health into Medicare and making childcare free. There is a cost-of-living crisis being driven, in large part, by big corporations and the super wealthy. They need to pay their fair share of tax so everyone in Australia can benefit.
[The Commonwealth Bank of Australia] has just reported an obscenely large profit in the face of rising inflation and rising interest rates.
While the government and the RBA are asking workers to take more pain, big corporations are filling their shareholders’ pockets.
Government’s jobs summit a ‘stunt’, Ley says
By Broede Carmody
Returning to federal politics, and deputy Liberal leader Sussan Ley has lashed Labor’s upcoming jobs and skills summit.
Here’s what she told Sky News earlier today:
Deputy Liberal leader Sussan Ley.Credit:Alex Ellinghausen
It’s just a stunt. All this is going to be is a talkfest designed to look after union mates.
The Labor Party dropped the invitation to the media ... they briefed out the story first, which just goes to show their level of insincerity about it.
The CFMEU [will be the first] priority, ACTU second priority, every other union the third priority.
Earlier today, the ACTU – Australia’s peak union body – said it wanted to discuss taxing businesses that profit from inflation and putting a price cap on some goods and services as the upcoming summit, which is slated for next month.
The union says the government’s top priority should be getting people into secure work.
But Ley says the Albanese government should prioritise allowing overseas workers to come into the country more easily as a way to ease Australia’s skills shortage and the subsequent pressure on local businesses.
CBA profits hit $9.6 billion
By Clancy Yeates
To the big business story of the day, and the Commonwealth Bank of Australia has notched up a $9.6 billion profit and will lift its dividend.
The result comes after the banking giant’s earnings benefited from solid loan growth and cuts to its bad debt charges.
The Commonwealth Bank will pay a final dividend of $2.10 a share.Credit:James Alcock
CBA chief executive Matt Comyn says households are in a strong position despite rising living costs. He added that the bank is optimistic the economy can weather the challenge of rising interest rates.
Victoria reports 5898 new COVID cases, 52 deaths
By Broede Carmody
Victoria’s official coronavirus numbers are also in.
The state is today reporting 5898 new cases of COVID-19 and 52 additional deaths from the virus.
There are 610 Victorians in hospital with COVID. Of those, 30 are in ICU.
No plan to attend China speech: Marles
Acting Prime Minister Richard Marles says he won’t be attending the Chinese ambassador’s address at the National Press Club today.
Xiao Qian will speak in Canberra this afternoon, his first speech since his appointment to the role of ambassador this year.
However, the deputy PM has told reporters he has no plans to be at the club.
China’s ambassador to Australia, Xiao Qian.Credit:Alex Ellinghausen
Beijing has fired 11 ballistic missiles towards Taiwan and has carried out simulated attacks following United States speaker Nancy Pelosi’s visit to the self-governed island last week.
Marles, who is also the defence minister, has reaffirmed the government’s call for a de-escalation in the Taiwan Strait over fears of a catastrophic miscalculation.
“It is critical for the region, and it’s critical that we return to a much more peaceful and normal set of behaviours in the region and across the Taiwan Strait,” he said.
He wouldn’t speculate on the connection between Russia’s invasion of Ukraine and China’s increased aggression. Instead, he simply said that the rules-based order is under pressure.
Tensions are heightened as the US and Australia work to counter Chinese influence in the Pacific after Beijing inked a security deal with the Solomon Islands earlier this year.
Beijing is also reportedly pushing for exclusive access to part of a strategic naval base in Cambodia, sparking concerns among Western allies.
While Australia’s strained relationship with China has somewhat thawed with ministerial meetings occurring since May’s federal election, Beijing has still taken aim at politicians for denouncing its tactics in the Taiwan Strait.
Beijing recently accused Foreign Minister Penny Wong of “finger pointing” after she last week condemned China’s “disproportionate and destabilising” actions.
AAP
NSW records 11,356 new cases of COVID-19, 30 deaths
By Broede Carmody
NSW’s daily coronavirus numbers have just been published.
The state has today reported 11,356 official cases of COVID-19 and 30 additional deaths from the virus.
There are 2212 people in NSW hospitals with COVID. Of those, 55 are in intensive care.
Secure employment must be Albanese’s top goal, ACTU boss says
By Broede Carmody
As mentioned earlier this morning, the Australian Council of Trade Unions has proposed a radical overhaul of the nation’s economic structures.
The peak union body is pushing for a tax on businesses that profit from high inflation and price controls on some goods and services. It also wants the Reserve Bank to be tasked with driving down unemployment.
ACTU secretary Sally McManus.Credit:Eddie Jim
The policy ideas will be debated at next month’s federal jobs summit.
ACTU secretary Sally McManus has just released a statement. Here’s what she had to say:
Working people have suffered through nearly a decade of insecure work and stagnant wages, only now to be met with historically high inflation delivering massive real pay cuts.
Our top economic goal as a nation should be to give everyone the chance to get a secure and fairly paid job. This benefits everyone. That’s what we mean by full and secure employment.
Achieving this will require more than fiddling around the edges. It requires new ways of thinking about how our system is managed, who benefits from it and how to change it for the better.
Aged care providers, ministers to examine chronic workforce shortages
By Katina Curtis
The aged care sector will meet with ministers next week to discuss chronic workforce shortages as providers wait for more details about how an anticipated multibillion-dollar package to fund wage rises will work.
The Fair Work Commission is considering a case brought by unions for a 25 per cent pay increase for aged care workers and nurses, with a decision expected in the summer.
Aged Care Minister Anika Wells will meet with representatives from the sector next week to discuss workforce shortages.Credit:Alex Ellinghausen
Employer groups have agreed staff need a sizeable increase but oppose making it as high as the union bid, while the federal government backed a “significantly higher” pay rate in its submission to the commission on Monday without nominating a figure.
The government has recommitted to fully funding any increase.
Power companies switch off support for key clean energy proposal
By Mike Foley
A key reform the federal government says is urgently needed to modernise the electricity grid and boost the take-up of clean energy has been plunged into uncertainty after both major fossil fuel and renewable power companies hit out at the plan.
The Energy Security Board, the Commonwealth’s policy adviser, is receiving pushback – including from Origin Energy and AGL – over a proposal to direct payments to companies to run generators or store power to back up renewables when the sun isn’t shining and wind isn’t blowing.
Major power companies are questioning the energy security board’s proposal for a payment scheme to encourage more investment in clean power.Credit:AP
The ESB has proposed that the so-called “capacity mechanism” be technology neutral, allowing plants powered by coal, gas or renewables to receive the payments.
This has sparked concerns from some major power companies that incumbent fossil fuel generators would be propped up at the expense of investment in clean energy, or that consumers would pay higher bills than necessary.
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2022-08-10 01:02:58Z
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