Penny Wong to go to Solomon Islands
Daniel Hurst
The international affairs minister, Penny Wong, is heading to Solomon Islands this week – the primary journey to the nation because it signed a safety take care of China.
It was introduced yesterday that Wong can be heading to New Zealand for conferences together with her counterpart, Nanaia Mahuta, tomorrow. And Wong has simply introduced that she is going to then head to Solomon Islands on Friday:
On Friday, I’ll go to Solomon Islands, the place I’ll meet Prime Minister the Hon Manasseh Sogavare and quite a lot of his Cupboard ministers. I additionally stay up for participating with the local people, together with ladies leaders.
We’re dedicated to deepening our cooperation with Solomon Islands, as we work collectively to face shared challenges and obtain our shared objectives, together with on local weather change.
I stay up for discussing the methods we will proceed to make progress on pandemic restoration, financial improvement and labour mobility priorities, and addressing our shared safety pursuits.
This shall be Wong’s third journey to the Pacific since being sworn in final month. Wong additionally stated her assertion that New Zealand was “an indispensable companion in our ambitions for a stronger Pacific household”.
Wong stated she and Mahuta would “contemplate methods we will work collectively, to take advantage of the brand new power and sources the Australian Authorities is bringing to the Pacific”.
Wong stated there have been “new prospects for collaboration with New Zealand in help of regional safety and on local weather change” and he or she regarded ahead to “drawing on New Zealand’s experiences as Australia develops a First Nations international coverage”
Burke says period of wages being stored “intentionally low” over
Bowen is adopted by Minister for Employment and Office Relations Tony Burke, who takes credit score for the rise to the minimal wage, and blasts the previous authorities for not pushing for a rise earlier:
The period of wages being stored intentionally low by the Liberal and Nationwide events successfully got here to an finish in the present day. It got here to an finish for folks on the minimal wage. It got here to an finish for cleaners for store assistants for folks within the care financial system. A wage enhance that the Liberal and Nationwide Occasion by no means would have advocated for.
Folks shall be seeing of their financial institution accounts what the change of presidency means. Folks shall be seeing of their financial institution accounts, a wage enhance that by no means would have occurred again once we had a authorities dedicated and decided to maintain wages intentionally low. For the primary time in almost a decade. We’ve had a authorities argue for an actual wage enhance and now it’ll be delivered.
Bowen says power system “below stress”
Subsequent up is power minister Chris Bowen, who says he’s to date happy that the nation has averted blackouts, however says the system is below “stress” and that the federal government helps Aemo to handle the state of affairs:
I’m very happy that we now have been in a position to keep away from to date any important load shedding occasions or in fact at blackouts I’m additionally happy that Aemo advises me that that may doubtless proceed to be the case that we can keep away from any load shedding occasions or any blackouts. In fact that’s subjected to any surprising outages within the system.
As I’ve stated repeatedly this week the system is below stress. We now have administered pricing in Queensland, New South Wales, South Australia and Victoria and that’s resulting in market outcomes that are requiring Aemo to intervene very closely into the market.
And yesterday, Aemo directed greater than 5000 megawatts into the market utilizing their powers. They directed turbines to bid into the market and to generate 5000 Greater than 5000 megawatts throughout the nationwide power market.
As I stated, I e-mail advises that the state of affairs continues to stay that loadshedding and blackouts are unlikely, however continues below very lively administration. I’ve made clear to Aemo that the federal government helps any motion they select to take to successfully handle the state of affairs in the perfect curiosity of Australian customers whether or not they be massive industrial customers or residential customers Aemo is the market operator has this authorities for help and proceed to actively contemplate their choices
PM “completely” welcomes enhance to minimal wage
Prime minister Anthony Albanese has welcomed the Truthful Work Fee’s determination to extend the minimal wage, and referenced a key second from the election marketing campaign:
On the coronary heart of the election marketing campaign, I used to be requested whether or not I’d welcome a choice by the Truthful Work Fee to extend the minimal wage by simply $1. And in the present day, they’ve performed simply that. And once I was requested, Would I welcome a choice? I stated, Completely.
And I completely welcome in the present day’s determination. Of a 5.2% enhance granted by the Truthful Work Fee to all those that are on the minimal wage that lifts the minimal wage up by simply $1.05 An hour or $40 every week. It makes a distinction to people who find themselves battling the price of residing.
The Truthful Work Fee, having assessed the influence on the financial system, having made an evaluation based mostly upon all of the submissions, has chosen 5.2% Which is why we didn’t put a exact determine on it.
We simply stated we didn’t need folks to go backwards, and I welcome that The reality is that lots of these people who find themselves on the minimal wage are the heroes who supply by the pandemic. These staff deserve greater than our thinks they deserve a pay rise and in the present day they’ve acquired it.
The prime minister Anthony Albanese has simply stepped up for a press convention.
Aemo warns of energy shortfalls in South Australia
The Australian Vitality Market Operator has issued a warning for South Australia, the place energy shortfalls are being anticipated in a couple of days time.
In a press release, the Aemo says folks in South Australia might see interruptions to their energy on Friday morning and night.
From 8am to 9.30am on Friday, the utmost load forecast to be interrupted is 359 megawatts, whereas from 5pm to 9.30pm that night the utmost load forecast to be interrupted is 382 megawatts.
Aemo has not but estimated the most recent time it might must intervene by an Aemo intervention occasion.
Aemo is looking for a market response.
A rise within the min wage on the price of inflation shouldn’t be a increase.
We didn't simply kick the Libs out to maintain wages flat, it's previous time for an actual increase for these on low wages & sub-poverty line revenue helps to start out reversing the slide into US-style inequality.
— Adam Bandt (@AdamBandt) June 15, 2022
n”,”url”:”https://twitter.com/AdamBandt/standing/1536881234978443264?s=20&t=5-7gjxunf9Pjhx_zdyka2A”,”id”:”1536881234978443264″,”hasMedia”:false,”function”:”inline”,”isThirdPartyTracking”:false,”supply”:”Twitter”,”elementId”:”905e2c6b-09c5-4250-b88f-19e52c571c6c”}}”>
A rise within the min wage on the price of inflation shouldn’t be a increase.
We did not simply kick the Libs out to maintain wages flat, it is previous time for an actual increase for these on low wages & sub-poverty line revenue helps to start out reversing the slide into US-style inequality.
— Adam Bandt (@AdamBandt) June 15, 2022
Blackstone’s takeover of Crown Resorts authorised by federal courtroom
Ben Butler
The federal courtroom has authorised US non-public fairness group Blackstone’s takeover of Crown Resorts, paving the way in which for the troubled on line casino group to de-list from the inventory change.
Justice Stewart Anderson gave the takeover scheme approval after a short listening to this morning.
It’s not fairly proper to say he rubber-stamped the deal – as of late, the courtroom’s seal is utilized digitally.
The pathway to the courthouse was cleared over the previous week when state-based playing regulators authorised Blackstone as a match and correct operator of the casinos they oversee.
Blackstone is now in a position to pay shareholders, together with James Packer, for his or her stakes within the firm and take full management. You may anticipate it to be de-listed from the ASX fairly rapidly.
The takeover comes after a torrid interval for Crown, with a number of inquiries into allegations of cash laundering and hyperlinks between the junket operators who introduced in high-rolling gamblers and organised crime, sparked by a 2019 expose in 9 Leisure’s newspapers and on its flagship present affairs present, 60 Minutes.
Crown facilitated cash laundering at its Melbourne and Perth casinos and junket operators had been certainly linked to organised crime, the primary of the inquiries, in NSW, discovered.
Woolworths to freeze costs of some important objects
Woolworths has introduced it should freeze the costs of some important objects till the top of the 12 months to assist clients battling the elevated price of residing.
The retail big has determined to freeze the costs of flour, sugar, canned tomatoes, frozen peas, hen tenders, laundry powder and dishwashing liquid.
In an e-mail that shall be circulated amongst clients on Thursday, Woolworths chief govt Brad Banducci stated:
We all know it is a good portion of weekly family budgets.
As all of us lean into the challenges of inflation, relaxation assured the entire staff at Woolworths is dedicated to creating positive you possibly can at all times Get your Woolies price.
AEC declines recount in seat of Gilmore
Josh Butler
The Australian Electoral Fee says it is not going to conduct a recount within the federal seat of Gilmore, after Liberal candidate Andrew Constance requested one yesterday.
“I can affirm {that a} recount is not going to be directed. The request was thought-about rigorously,” an AEC spokesperson stated.
The counting course of was undertaken in keeping with the Electoral Act and there was ample checking and re-checking of poll papers in the course of the scrutiny interval (together with the recent scrutiny course of).
The declaration of the ballot for Gilmore is being reset with a time and placement to be up to date on the AEC’s web site shortly.
The AEC has rigorously thought-about and declined a request for a recount within the division of Gilmore.
We'll be publishing an up to date time for a declaration of this seat in the end. #auspol
— AEC ✏️ (@AusElectoralCom) June 15, 2022
n”,”url”:”https://twitter.com/AusElectoralCom/standing/1536886924119789568?s=20&t=qXDVdUG_7HSXZYsSx1CSnA”,”id”:”1536886924119789568″,”hasMedia”:false,”function”:”inline”,”isThirdPartyTracking”:false,”supply”:”Twitter”,”elementId”:”88a7c862-23e0-4926-980e-b88ead4a9ef8″}}”>
The AEC has rigorously thought-about and declined a request for a recount within the division of Gilmore.
We’ll be publishing an up to date time for a declaration of this seat in the end. #auspol
— AEC ✏️ (@AusElectoralCom) June 15, 2022
Constance stated his scrutineers within the ultra-marginal seat had “raised issues in relation to sure facets of the method, significantly the scrutiny of casual votes”, claiming there have been “robust grounds for a recount” contemplating the shut outcome.
Constance got here up simply brief, recording a 2.44% swing however ending up behind Labor on a two-party margin of fifty.17–49.83, in response to the AEC’s official outcomes.
The Labor MP Fiona Phillips was resulting from be declared the winner in Gilmore on the NSW south coast at 2pm on Tuesday, however the declaration was delayed as a result of request.
The AEC stated on Wednesday it might formally declare the lead to Gilmore at a date quickly to be confirmed.
Phillips welcomed the information in a tweet, saying “Andrew Constance’s utility for a recount in Gilmore has been denied”.
We’ve reached out to Constance for remark.
The AEC have suggested me this morning that Andrew Constance’ utility for a recount in Gilmore has been denied. The small print for the AEC Gilmore ballot declaration occasion shall be introduced shortly. Thanks once more to everybody on your ongoing and type help. 77 #auspol
— Fiona Phillips MP (@fiboydphillips) June 15, 2022
n”,”url”:”https://twitter.com/fiboydphillips/standing/1536883171698307072″,”id”:”1536883171698307072″,”hasMedia”:false,”function”:”inline”,”isThirdPartyTracking”:false,”supply”:”Twitter”,”elementId”:”1e99c04e-67c8-47e8-9fcb-d241f36d419a”}}”>
The AEC have suggested me this morning that Andrew Constance’ utility for a recount in Gilmore has been denied. The small print for the AEC Gilmore ballot declaration occasion shall be introduced shortly. Thanks once more to everybody on your ongoing and type help. 77 #auspol
— Fiona Phillips MP (@fiboydphillips) June 15, 2022
Penny Wong to go to Solomon Islands
Daniel Hurst
The international affairs minister, Penny Wong, is heading to Solomon Islands this week – the primary journey to the nation because it signed a safety take care of China.
It was introduced yesterday that Wong can be heading to New Zealand for conferences together with her counterpart, Nanaia Mahuta, tomorrow. And Wong has simply introduced that she is going to then head to Solomon Islands on Friday:
On Friday, I’ll go to Solomon Islands, the place I’ll meet Prime Minister the Hon Manasseh Sogavare and quite a lot of his Cupboard ministers. I additionally stay up for participating with the local people, together with ladies leaders.
We’re dedicated to deepening our cooperation with Solomon Islands, as we work collectively to face shared challenges and obtain our shared objectives, together with on local weather change.
I stay up for discussing the methods we will proceed to make progress on pandemic restoration, financial improvement and labour mobility priorities, and addressing our shared safety pursuits.
This shall be Wong’s third journey to the Pacific since being sworn in final month. Wong additionally stated her assertion that New Zealand was “an indispensable companion in our ambitions for a stronger Pacific household”.
Wong stated she and Mahuta would “contemplate methods we will work collectively, to take advantage of the brand new power and sources the Australian Authorities is bringing to the Pacific”.
Wong stated there have been “new prospects for collaboration with New Zealand in help of regional safety and on local weather change” and he or she regarded ahead to “drawing on New Zealand’s experiences as Australia develops a First Nations international coverage”
Christopher Knaus
Aged care sector welcomes wage rise however urges federal authorities to carry funding
The aged care sector has welcomed in the present day’s minimal wage enhance, however has warned it wants a funding enhance from the federal authorities to assist struggling suppliers stay viable.
Trade peak physique Aged & Neighborhood Care Suppliers Affiliation stated it was clear that aged care staff wanted a “important” pay enhance.
However the affiliation’s interim chief govt Paul Sadler stated that with out extra authorities help, aged care suppliers would proceed to face an unattainable selection between investing in high quality and discovering financial savings to maintain the doorways open.
A big wage enhance for our workforce is important to draw new folks and enhance high quality of care to older Australians, however when two-thirds of suppliers are already operating at a loss year-on-year, we’d like the wage enhance to be funded by the federal authorities.
Separate from this morning’s case, the Truthful Work Fee can be exploring aged care pay by its aged care work worth case, which Labor promised to completely fund if it gained authorities. However that aged care work worth case is unlikely to conclude till early subsequent 12 months.
In its findings, the aged care royal fee stated the federal government’s present funding indexation course of was insufficient, and had didn’t sustain with the elevated prices confronted by suppliers.
The royal fee really helpful that short-term indexation adjustments be made to enhance funding ranges within the subsequent few years, till a brand new impartial pricing course of, designed to advise authorities on the price of aged care companies, can start its work.
That advice was not accepted by the earlier authorities.
Sadler stated:
If we don’t see pressing motion the aged care workforce disaster is just going to translate into different critical issues like elevated closures, or offsets in different areas reminiscent of coaching or funding in services.
Ai Group says wage rise will ‘add gasoline to the inflation fireplace’
Reactions to the Truthful Work Fee’s determination proceed to pour in, with the pinnacle of the nationwide trade affiliation Ai Group saying the rise will “add gasoline to the inflation fireplace”.
Innes Willox, chief govt of Ai Group, stated the minimal wage enhance might enhance inflation and result in even larger rates of interest:
There’s a main danger that the 5.2% per cent enhance that has been awarded to the Nationwide Minimal Wage, with will increase of between 4.6% and 5.2% to award charges, will gasoline inflation and result in even larger rates of interest; much more hardship for folks with mortgages, private loans or bank card money owed; and add considerably to the danger of unemployment and underemployment – significantly for unskilled staff.
The price enhance shall be tough to soak up for companies which can be already struggling to deal with massive will increase in materials and power prices, rate of interest rises, provide chain disruptions and labour shortages.
Minimal wage rise a ‘danger to the financial system’, chamber of commerce head says
Paul Karp
The Australian Chamber of Commerce and Trade chief govt, Andrew McKellar, has responded to the minimal wage determination, warning it’s a “danger to the financial system” and would add $7.9bn to employers’ prices.
However much more fascinating than the same old complaints about prices was McKellar’s proposal to excise 2.5 million award-reliant staff from the annual wage overview, leaving it for the 180,000 lowest paid staff on the nationwide minimal wage.
McKellar advised reporters in Canberra:
What this highlights is that frankly this nationwide wage case course of, the way in which it feeds into the trendy awards, it’s an antiquated course of, it’s a course of that’s had its day, it’s not suitable with the internationally aggressive financial system that should function in a versatile method and responding to the circumstances, the aggressive challenges and must drive productiveness.
Requested what the choice is, he stated:
It’s essential to have [centralised wage fixing] for minimal wages, superb, for the 180,000 folks on the bottom wage security web. However when it flows by to the trendy award system it must be checked out on a case-by-case foundation. We have to get again to way more efficient enterprising bargaining, versatile wage setting pushed by the market.
This proposal is fascinating. It both implies that the Truthful Work Fee ought to run separate critiques of minimums in awards on a case-by-base foundation, or, that if you happen to’re on an award and desire a pay rise you need to flip to enterprise bargaining along with your employer.
McKellar didn’t make clear the feedback after the press convention, however reiterated that the “one dimension matches all” method of 1 wage case deciding the pay of two.6 million staff “isn’t versatile” and options must be on the agenda on the Albanese authorities’s employment summit.
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