Australia news LIVE: Coalition announces joint energy policy, Ley says migration policy imminent; Albanese sets sights on security deals with Fiji and Vanuatu

5 hours ago 4

Key posts

  • 1 of 1

What’s making news today

By Emily Kaine

Good morning and welcome to our national news live blog for Monday, November 17. My name is Emily Kaine, and I’ll be helming our live coverage for the first part of the day. Here’s what is making news this morning.

  • The Coalition met yesterday at a joint party room meeting over its energy policy. The leaders repeatedly returned to the issue of affordability and largely avoided the more fraught subjects of net zero and the Paris Agreement. In a brief aside during the net zero press conference, Opposition Leader Sussan Ley said her migration policy was imminent.
  • Australian energy giants have backed the government’s 2050 net zero target and warned that failing to embrace renewables will only send power bills higher, contradicting a key Coalition argument as it fights to wind back climate action.
  • Anthony Albanese is moving to lock in a security pact with Fiji, as well as resuscitate a security deal with Vanuatu two months after negotiations collapsed during his visit to the Pacific island nation. The PM is looking to build on a “watershed” defence agreement with Indonesia that analysts say has reshaped power relations in Asia, and has struck a positive tone on the prospect of avoiding conflict with China over Taiwan.

Joyce warns potential leadership challengers to pace themselves

By Jack Gramenz

Nationals MP Barnaby Joyce has warned potential challengers to Sussan Ley’s leadership of the Liberal Party against rushing to a spill as ructions within the Coalition continue.

Migration is shaping as the next debate within the Coalition after it reached an agreement on net zero yesterday.

Liberal backbencher Andrew Hastie, who left cabinet to speak freely on the topic, has reportedly won some support within the moderate faction.

Meanwhile, Angus Taylor, who narrowly lost an earlier leadership ballot to Ley, outlined priorities for the next federal election in an interview with News Corp newspapers at the weekend.

Member for New England Barnaby Joyce at Parliament House in Canberra.

Member for New England Barnaby Joyce at Parliament House in Canberra.Credit: Alex Ellinghausen

“It does look like people are positioning themselves,” Nationals MP Barnaby Joyce told Channel Seven’s Sunrise program on Monday.

“It’s a 1500-metre race, be really careful where you position yourself on the first lap,” he said.

Speaking alongside Joyce, Social Services Minister Tanya Plibersek said the Coalition were “focused on themselves and fighting one another while the government’s focused on delivering”.

Nationals Senator Matt Canavan, speaking on Sky News, said Ley is “absolutely” the right person to lead the Coalition.

Unions pressure PM to lower tax concessions for investors

By Shane Wright

Anthony Albanese is under renewed pressure from the union movement to radically curtail tax concessions for property investors, with the ACTU warning negative gearing and the capital gains tax concession is hurting the economy.

Amid a surge in investor loans taken out to buy existing homes, the ACTU says both concessions, which combined cost the federal government an estimated $25 billion in foregone revenue in 2022-23, should be restricted to a single property.

The Greens have started a Senate inquiry into the 50 per cent concession on capital gains tax for assets held for at least a year, examining how it may affect Australia’s productivity levels and wealth distribution.

ACTU Secretary Sally McManus said current tax arrangements encouraged speculation by the nation’s “professional landlord” class.

ACTU Secretary Sally McManus said current tax arrangements encouraged speculation by the nation’s “professional landlord” class.Credit: Dominic Lorrimer

ACTU secretary Sally McManus said current tax arrangements encouraged speculation by the nation’s “professional landlord” class on existing property rather than encouraging the construction of new homes.

“As a country, we invest so much money in real estates, really huge amounts, but it’s the wrong type of investment and it is making housing affordability even worse for working people,” she said.

McManus said changes to negative gearing and capital gains tax should be targeted at people with more than one investment property. Of 2.3 million taxpayers who claimed tax concessions on their properties in the 2022-23 financial year, 1.6 million had just one home. There were 19,389 with six or more.

What’s making news today

By Emily Kaine

Good morning and welcome to our national news live blog for Monday, November 17. My name is Emily Kaine, and I’ll be helming our live coverage for the first part of the day. Here’s what is making news this morning.

  • The Coalition met yesterday at a joint party room meeting over its energy policy. The leaders repeatedly returned to the issue of affordability and largely avoided the more fraught subjects of net zero and the Paris Agreement. In a brief aside during the net zero press conference, Opposition Leader Sussan Ley said her migration policy was imminent.
  • Australian energy giants have backed the government’s 2050 net zero target and warned that failing to embrace renewables will only send power bills higher, contradicting a key Coalition argument as it fights to wind back climate action.
  • Anthony Albanese is moving to lock in a security pact with Fiji, as well as resuscitate a security deal with Vanuatu two months after negotiations collapsed during his visit to the Pacific island nation. The PM is looking to build on a “watershed” defence agreement with Indonesia that analysts say has reshaped power relations in Asia, and has struck a positive tone on the prospect of avoiding conflict with China over Taiwan.

Vanuatu and Fiji deals next on agenda for Albanese

By Paul Sakkal

Anthony Albanese is moving to lock in a security pact with Fiji, as well as resuscitate a security deal with Vanuatu two months after negotiations collapsed during his visit to the Pacific island nation.

The PM is looking to build on a “watershed” defence agreement with Indonesia that analysts say has reshaped power relations in Asia, and has struck a positive tone on the prospect of avoiding conflict with China over Taiwan.

In an interview from his Kirribilli residence, Albanese told this masthead that progress was also being made on a long-delayed trade deal with the European Union, coming off the back of an export tie-up with the United Arab Emirates struck last month.

Indonesian President Prabowo Subianto and Prime Minister Anthony Albanese on the flight deck of HMAS Canberra in Sydney, where they announced a defence pact last week.

Indonesian President Prabowo Subianto and Prime Minister Anthony Albanese on the flight deck of HMAS Canberra in Sydney, where they announced a defence pact last week. Credit: Sitthixay Ditthavong

Albanese failed to sign the Nakamal agreement when he visited Vanuatu in September, but on Friday said he was working hard to conclude the deal and revealed he had a productive conversation with Fijian leader Sitiveni Rabuka on Thursday. Australia is pushing for treaties with both nations in a contest with China to win over Pacific nations.

Fresh from the deal with Australia’s populous and increasingly influential near-neighbour, Indonesia, Albanese declared his government had done “substantially more” to nourish relations with allies and build new security ties during a period of anxiety over the contest between China and the US.

Read more from our chief political correspondent Paul Sakkal.

Yesterday’s Coalition meeting, summarised

By Brittany Busch

The Coalition met yesterday to finalise a joint position on its energy policy. Here are the key takeaways from the joint party room meeting and final announcement.

  • There were no surprises when Opposition Leader Sussan Ley and leader of the Nationals, David Littleproud, announced their energy policy yesterday, following Ley’s announcement that the Liberal Party was dropping their commitment to net zero last week. The leaders repeatedly returned to the issue of affordability and largely avoided the more fraught subjects of net zero and the Paris Agreement.
  • Nationals leader David Littleproud framed the new policy as a shift from talking about climate to talking about economics. “This debate is not one predicated on science. It is one predicated on economics. The Albanese government wanted to hold this country back and continue to throw sledges at the Coalition about a 2015 debate about the science of climate change,” Littleproud said. “We’ve moved on to the economics of it.”

  • Opposition frontbencher Jonno Duniam denied the Coalition would be in breach of the Paris Agreement by backsliding on emission reduction commitments that Australia signed up to in 2016. Duniam invoked Article 4.15 of the agreement, which stated parties should consider the outcomes for “economies most affected by the impacts of response”.
  • In a brief aside during the net zero press conference, Ley said an announcement of her migration policy was imminent. “I want to update you on another priority of mine, which is migration,” she said. “In the coming weeks, we will release a migration policy, the broad principles of such a policy that demonstrates what I have said from the get-go, which is that this country’s migration numbers are far too high, and this needs to be addressed as a priority.”

Stay with us as we continue to bring you reaction to the Coalition’s new energy policy throughout the day.

  • 1 of 1

Most Viewed in National

Loading

Read Entire Article
Koran | News | Luar negri | Bisnis Finansial