Greens accuse Labor and Coalition of ‘race to the bottom’ over migration bill – as it happened – Source: www.theguardian.com

March 29, 2024
Post Author / Publisher: The Guardian UK

CISO2CISO post categories: Anthony Albanese, Australia news, Australian economy, Australian politics, Banking, business, Commonwealth Games, Cyber Security News, Data and computer security, environment, Interest rates, rss-feed-post-generator-echo, Technology, The Guardian UK, Westpac

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Source: www.theguardian.com – Author: Jordyn Beazley and Emily Wind (earlier)

Australian Bureau of Statistics figures released today have shown education added a further $12.1bn to the economy in the September quarter, outperforming coal exports and other minerals, while total exports have declined.

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The latest quarterly result means education has now added $34bn to export revenue in 2023, on track to eclipse a record $41bn prior to the pandemic in 2019.

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Universities Australia chief executive, Catriona Jackson, said the profits should come into consideration when determining the federal government’s upcoming migration strategy.

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Labor has ruled out placing a cap on international student numbers, however earlier this year it released a suite of measures to crack down on rorts and exploitation in the sector.

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Jackson said education was the “biggest export we don’t dig out of the ground”.

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Australia has developed a strong, competitive edge in the global battle for international students through our careful and strategic work over many decades.

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Any changes that restrict the movement of these people to our shores need to be weighed carefully against the enormous benefits they bring, during and after their studies.

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Jackson”,”caption”:”Universities Australia CEO Catriona Jackson at Parliament House last week.”,”credit”:”Photograph: Mick Tsikas/AAP”}}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1701748625000,”blockCreatedOnDisplay”:”22.57 EST”,”blockLastUpdated”:1701753512000,”blockLastUpdatedDisplay”:”00.18 EST”,”blockFirstPublished”:1701752706000,”blockFirstPublishedDisplay”:”00.05 EST”,”blockFirstPublishedDisplayNoTimezone”:”00.05″,”title”:”The value of Australian education surges by 68% in 12 months”,”contributors”:[{“name”:”Caitlin Cassidy”,”imageUrl”:”https://i.guim.co.uk/img/uploads/2022/04/21/Caitlin_Cassidy.jpg?width=300&quality=85&auto=format&fit=max&s=a7810efa6fe4dd2f5f1cd6126d06cc15″,”largeImageUrl”:”https://i.guim.co.uk/img/uploads/2022/04/21/Caitlin_Cassidy,_L.png?width=300&quality=85&auto=format&fit=max&s=4e50b2e4e7d1ea268f8a714d346ec620″}],”primaryDateLine”:”Tue 5 Dec 2023 02.04 EST”,”secondaryDateLine”:”First published on Mon 4 Dec 2023 14.38 EST”},{“id”:”656eac878f083c53400b6e2f”,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

The shadow attorney general, Michaelia Cash, has spoken on the migration bill, which contains the Labor amendments for a preventive detention regime for those released as a result of the NZYQ high court decision.

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After Labor and the Coalition voted together to bring the bill on, Cash said the government are “finally” doing what the opposition leader had demanded, to allow “law enforcement agencies to lock up high risk individuals who have been roaming free”.

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Cash revealed the Coalition will move a “modest” amendment requiring the minister to “report to parliament every time one of these dangerous individuals is released into the community”.

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The Greens senator, Nick McKim, is speaking now, accusing the major parties of “a race to the bottom” to demonise refugees.

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McKim accused Labor of not only “handing over the drafter’s pen to Peter Dutton … it’s now handed over chamber management” (because Labor accepted the Coalition push to bring the bill on now).

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McKim is complaining that the Greens only go the preventive detention amendments three hours ago, labelling it a shameful way to legislate.

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Cash in the Senate chamber”,”caption”:”Liberal senator Michaelia Cash in the Senate chamber.”,”credit”:”Photograph: Mike Bowers/The Guardian”}}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1701751943000,”blockCreatedOnDisplay”:”23.52 EST”,”blockLastUpdated”:1701758304000,”blockLastUpdatedDisplay”:”01.38 EST”,”blockFirstPublished”:1701752278000,”blockFirstPublishedDisplay”:”23.57 EST”,”blockFirstPublishedDisplayNoTimezone”:”23.57″,”title”:”Coalition want to force minister to report immigration releases to parliament”,”contributors”:[{“name”:”Paul Karp”,”imageUrl”:”https://i.guim.co.uk/img/uploads/2023/03/10/Paul_Karp.jpg?width=300&quality=85&auto=format&fit=max&s=b27cd1c31155e6420704da981a84aa2c”,”largeImageUrl”:”https://i.guim.co.uk/img/uploads/2023/03/10/Paul_Karp.png?width=300&quality=85&auto=format&fit=max&s=3e784f7b8d1538185bfe16f388929f35″}],”primaryDateLine”:”Tue 5 Dec 2023 02.04 EST”,”secondaryDateLine”:”First published on Mon 4 Dec 2023 14.38 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After question time, the Liberal leader in the Senate Simon Birmingham moved to immediately bring on debate about the migration bill.

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Birmingham accused the government of the “real crime” of failing to legislate preventive detention before the court decision and release of detainees. This would have made a “profound difference” and prevented alleged crimes by those released, he said.

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Penny Wong’s niggle during the speech has been superb. First she noted that Peter Dutton’s office had asked Labor to slow the debate on the bill down.

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Then she jibed at Birmingham that he was “losing the journos” because the gallery emptied after question time.

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Then she shouted “sit down and start the debate”. She and Murray Watt are ready to go it seems.

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Wong and Simon Birmingham”,”caption”:”Government leader in the Senate, Penny Wong with her opposition counterpart, Simon Birmingham after question time.”,”credit”:”Photograph: Mike Bowers/The Guardian”}}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1701750023000,”blockCreatedOnDisplay”:”23.20 EST”,”blockLastUpdated”:1701751126000,”blockLastUpdatedDisplay”:”23.38 EST”,”blockFirstPublished”:1701750329000,”blockFirstPublishedDisplay”:”23.25 EST”,”blockFirstPublishedDisplayNoTimezone”:”23.25″,”title”:”Wong tells Birmingham ‘sit down and start the debate’”,”contributors”:[{“name”:”Paul Karp”,”imageUrl”:”https://i.guim.co.uk/img/uploads/2023/03/10/Paul_Karp.jpg?width=300&quality=85&auto=format&fit=max&s=b27cd1c31155e6420704da981a84aa2c”,”largeImageUrl”:”https://i.guim.co.uk/img/uploads/2023/03/10/Paul_Karp.png?width=300&quality=85&auto=format&fit=max&s=3e784f7b8d1538185bfe16f388929f35″}],”primaryDateLine”:”Tue 5 Dec 2023 02.04 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The Reserve Bank has delivered a pre-Christmas reprieve for Australia’s borrowers, leaving its cash rate unchanged at 4.35%.

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Most economists and financial markets had predicted the RBA would pause at its final board meeting for 2023.

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Whether the current rate is the peak will probably hinge on the strength of the December quarter inflation figures, which are not due out until the end of January – just prior to the RBA board’s next meeting set for 5-6 February.

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More soon.

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Just a reminder that the Reserve Bank’s final interest rate decision for the year will be announced at 2.30pm AEDT today.

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We will bring you that here on the blog once it is announced.

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As AAP reported earlier, the RBA is widely expected to keep rates on hold when it meets today, after a surprisingly weak monthly inflation read.

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Headline inflation grew 4.9% in October, down from 5.6% in September.

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A poll taken by Reuters last week found 28 of 30 economists expect the central bank to keep the cash rate steady at 4.35%.

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Australia’s big four banks were among those tipping no change.

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The 13 interest rate hikes in the cycle have been pushing up monthly repayments for mortgage holders, stretching many household budgets thin.

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The Australian Monarchist League says it is thrilled by news that King Charles III and Queen Consort Camilla will visit Australia next October.

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The league noted this will be the first visit of King Charles as sovereign:

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n

We trust that the Australian and State governments will not restrict people being able to come out and welcome their new King as they did 70 years ago for the then new Queen, Elizabeth II.

n

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King Charles will also attend the Commonwealth heads of government meeting in Samoa from 21-25 October.

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A Guardian Essential poll from last year found that Australians are divided over whether King Charles should be the nation’s head of state, with a 50-50 split between those who support the monarch and those who do not.

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Less than half (43%) supported Australia becoming a republic.

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Greenpeace activists have scaled a 140m crane next door to Woodside’s headquarters in Perth, dropping a banner than reads “Stop Woodside”.

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According to a statement from Greenpeace, the activists are calling out the fossil fuel giant as “Australia’s biggest climate threat”.

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Western Australia police confirmed officers are at the scene.

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More Australians than ever before are buying electric vehicles, according to VFACTS monthly vehicle sales data.

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Year-to-date sales of battery electric vehicles have reached 80,446 – compared to 28,326 at the same time last year.

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EVs represented 7.7% of the overall monthly vehicle sales, and 7.2% of sales this year so far.

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Federal chamber of automotive industries chief executive Tony Weber acknowledged the strong demand for a variety of vehicle options across various price brackets.

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Speaking broadly about car sales – not just EVs – he said:

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n

The automotive sector remains a testament to the resilience and adaptability of both industry players and consumers alike.

n

However, as cost-of-living pressures hit we may see a market cooling in the coming months, and we anticipate a more challenging 2024.

n

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Asked about calls from the Coalition for Clare O’Neil and Andrew Giles to resign after the release of immigration detainees – two of whom are already facing charges on separate incidents – Marles affirmed they both have his full support.

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Host Hamish Macdonald asks whether it was right for Giles to provide assurances about Australians safety, before new legislation was introduced:

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n

The fact is that the release comes from a high court ruling … The question now is about whether or not the opposition [will] support the strong rules that we’re putting [before] parliament.

n

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Borrowers are likely to be spared another interest rate hike in the lead-up to Christmas when the Reserve Bank board meets today, Australian Associated Press reports.

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The RBA is widely expected to keep rates on hold when it meets on Tuesday after a surprisingly weak monthly inflation read.

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Headline inflation grew 4.9% in October, down from 5.6% in September.

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A poll taken by Reuters last week found 28 of 30 economists expect the central bank to keep the cash rate steady at 4.35%.

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Australia’s big four banks were among those tipping no change.

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The 13 interest rate hikes in the cycle have been pushing up monthly repayments for mortgage holders, stretching many household budgets thin.

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Good morning and welcome to our rolling news coverage. I’m Martin Farrer and these are some of the main stories you need to know about this morning before my colleague Emily Wind comes along.

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Thousands of Westpac customers across the country were unable to access their accounts online or use their cards overnight after an outage struck the bank last night. The company says all is now well, but it will crank up concerns about the safety of online systems after last month’s Optus crash. The bank said last night that the problem occurred during a “routine technology update”.

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The Coalition leader, Peter Dutton, mocked Chris Bowen for travelling to Dubai for the Cop28 climate summit and “incurring all those emissions” on his flight. But the jibe could backfire as it has emerged that the Coalition is sending a significant delegation to the Cop28 summit in Dubai, including frontbenchers Paul Fletcher and Bridget McKenzie. The travel is being facilitated by the Coalition for Conservation and Environmental Leadership Australia and the group includes Liberal senators Andrew Bragg, Maria Kovacic and Dean Smith, as well as New South Wales Liberals Matt Kean and Kellie Sloane and Queenslanders Sam O’Connor and Steve Minnikin.

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The British government has told Commonwealth Games organisers that the United Kingdom will not step in to rescue the event again after the Gold Coast withdrew its bid for the 2026 edition. The games now faces serious jeopardy if it cannot find a host after the decision by the Victorian government to pull out earlier this year. More coming up.

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Today, Brittany Higgins is due to return to the witness stand for another day of cross-examination in Bruce Lehrmann’s defamation action against Network Ten and Lisa Wilkinson.

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And the RBA meets for its last rates decision before Christmas. Does it have a present for mortgage holders?

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What we learned: Tuesday 5 December

And that’s where we’ll leave you this evening. Here’s our Tuesday wrap:

The Reserve Bank has delivered a pre-Christmas reprieve for Australia’s borrowers, leaving its cash rate unchanged at 4.35%.
Greenpeace activists have scaled a 140-metre crane next door to Woodside’s headquarters in Perth, dropping a banner than reads “Stop Woodside”.
Israel has upgraded travel warnings to multiple countries, including Australia, citing a rise in antisemitism stemming from the ongoing conflict in the Middle East.
Brittany Higgins was back in the witness box in her fourth day of testimony. Higgins was challenged by Lehrmann’s barrister, Steve Whybrow SC, over her account of the alleged rape that took place at Parliament House, including casting doubt over how drunk she was. “Are you kidding?” Higgins said through tears. “I hadn’t been raped yet but I was skipping in the middle of parliament with no shoes on so it indicates someone is pretty drunk, yes.”
The attorney general, Mark Dreyfus, personally approved the Australian Human Rights Commission’s intervention in the high court to argue that indefinite immigration detention is unlawful.
More Australians than ever before are buying electric vehicles, according to VFACTS monthly vehicle sales data. Year-to-date sales of battery electric vehicles have reached 80,446 – compared with 28,326 at the same time last year.
Australian Bureau of Statistics figures released today have shown education added a further $12.1bn to the economy in the September quarter, outperforming coal exports and other minerals, while total exports have declined.

Victoria police cancelled ambulance for handcuffed Noongar man who collapsed and later died, court hears

A Noongar man who died in police custody was handcuffed while unconscious, came to and then collapsed again before a cancelled ambulance was called again, AAP reports.

A directions hearing into the death of Jeffrey Winmar, a 28-year-old Aboriginal man who died after being arrested in Melbourne’s west last month, began on Tuesday before the coroner, Sarah Gebert.

Winmar was wanted on burglary offences and was believed to be at a property in Werribee, where police, including a dog handler, were sent on 9 November.

He was seen leaving the house after police knocked at the front door and climbed over several fences before being found in a clump of trees behind a nearby property.

The court heard police handcuffed Winmar and placed him in the recovery position before calling an ambulance. The request was cancelled when he came to.

A short time later Winmar again lost consciousness and stopped breathing, as police requested another ambulance and did CPR until paramedics arrived.

The value of Australian education surges by 68% in 12 months

Caitlin Cassidy

The latest quarterly result means education has now added $34bn to export revenue in 2023, on track to eclipse a record $41bn prior to the pandemic in 2019.

Universities Australia chief executive, Catriona Jackson, said the profits should come into consideration when determining the federal government’s upcoming migration strategy.

Labor has ruled out placing a cap on international student numbers, however earlier this year it released a suite of measures to crack down on rorts and exploitation in the sector.

Jackson said education was the “biggest export we don’t dig out of the ground”.

Australia has developed a strong, competitive edge in the global battle for international students through our careful and strategic work over many decades.

Any changes that restrict the movement of these people to our shores need to be weighed carefully against the enormous benefits they bring, during and after their studies.

Universities Australia CEO Catriona Jackson at Parliament House last week. Photograph: Mick Tsikas/AAP

Coalition want to force minister to report immigration releases to parliament

Paul Karp

Cash revealed the Coalition will move a “modest” amendment requiring the minister to “report to parliament every time one of these dangerous individuals is released into the community”.

The Greens senator, Nick McKim, is speaking now, accusing the major parties of “a race to the bottom” to demonise refugees.

McKim is complaining that the Greens only go the preventive detention amendments three hours ago, labelling it a shameful way to legislate.

Liberal senator Michaelia Cash in the Senate chamber. Photograph: Mike Bowers/The Guardian

Peter Hannam

Is there the outline of a dove in RBA’s latest rates verdict?

There’s always a bit of tea-leaf reading when it comes to the RBA’s rates statement – and we get the long-playing version, with the release of the meeting’s minutes released on 19 December. By then, most of us will be in a shopping frenzy.

As the RBA governor, Michele Bullock says, the RBA only had “limited information” about the domestic economy to work with since it hiked the cash rate in November and what did emerge was “broadly in line with expectations”.

Warren Hogan, the chief economic adviser at JudoBank, has been more of a rates “hawk” than most, predicting that the RBA might have to hike its cash rate further given the strength of the underlying economy. (We’ll get an update of that tomorrow when September quarter GDP figures land.)

Anyway, he shared this correspondent’s assessment that this month’s comments were more dovish than might have been expected. Hogan says the tilt was “entirely inconsistent with gov Bullock’s tough talk in recent weeks”.

Hogan said it pointed to the RBA being patient and playing a long game.

“I think they are looking at grinding out policy tightening over an extended period if the economy doesn’t slow down and inflation come down as everyone hopes,” Hogan said.

Still, there remains the chance of one more rate rise. “Importantly, they won’t even be contemplating cuts for at least a year, if not longer,” he said.

Those with stretched finances, in other words, might not get much relief soon if Hogan is right.

“Grim Christmas for many Australians”: Angus Taylor responds to RBA interest rate hold

The shadow treasurer, Angus Taylor, has responded to the RBA keeping interest rates on hold, saying “today’s decision hasn’t made life any easier for hard-working Australians with a mortgage”.

He said:

An Australian family with a typical mortgage of $750,000 is paying an additional $24,000 a year since the 12 increases we have seen under Labor. That is an enormous increase in the yearly payment and $2000 a month in additional payments. They are struggling.

We have the highest longer-term interest rate of countries right across the advanced major countries across the world. We have seen household disposable income fall by over 5% for a typical Australian family. That is a 5% hit in what their money, their wages, their incomes, can buy in just a year. And meanwhile, we have seen two-quarters of GDP per capita going backwards.

So from the point of view of a typical Australian household that means they are seeing a recession, that is what they are seeing in GDP per capita. This will be a grim Christmas for many Australians.

Shadow treasurer Angus Taylor speaking to the media in July. Photograph: Bianca de Marchi/AAP

Catie McLeod

Darling Harbour precinct’s $764.5m overhaul approved

The New South Wales government has approved a $764.5m redevelopment of Sydney’s Darling Harbour precinct with promises of more affordable housing for the area.

As part of the overhaul, the original Harbourside building will be demolished to make way for a new 50-storey mixed use residential and commercial building which is due to be completed in 2027.

Developer Mirvac has agreed to make a $5.2m contribution to the government which will be set aside for affordable housing in the surrounding areas including Pyrmont.

The NSW planning minister, Paul Scully, was unable to confirm how many new affordable houses would be built as part of the project.

Speaking to reporters earlier today, Scully said:

It really depends on the options that the community housing provider undertakes to deliver those.

We haven’t appointed a community housing provider … so the details will come when that happens.

Wong tells Birmingham ‘sit down and start the debate’

Paul Karp

After question time, the Liberal leader in the Senate Simon Birmingham moved to immediately bring on debate about the migration bill.

Penny Wong’s niggle during the speech has been superb. First she noted that Peter Dutton’s office had asked Labor to slow the debate on the bill down.

Then she jibed at Birmingham that he was “losing the journos” because the gallery emptied after question time.

Then she shouted “sit down and start the debate”. She and Murray Watt are ready to go it seems.

Penny Wong and Simon Birmingham — Government leader in the Senate, Penny Wong with her opposition counterpart, Simon Birmingham after question time. Photograph: Mike Bowers/The Guardian

Original Post URL: https://www.theguardian.com/australia-news/live/2023/dec/05/australia-news-live-reserve-bank-interest-rates-michele-bullock-cost-of-living-inflation-immigration-detention-high-court-politics

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